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IGB Commercial REITXKLS:5299 35 Return-on-Tangible-Asset is 3.44% as of Mar. 2026, which is 76% above its 10-year median of 1.95. GuruFocus rates XKLS:5299 with a GF Score™ of 35/100 and a GF Value™ of RM0.63 (Fairly Valued). The stock has 7 warning signs investors should review. Among 933 REITs companies, IGB Commercial REIT ranks worse than 54.45% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. IGB Commercial REIT's annualizedNet Income for the quarter that ended in Mar. 2026 was RM115.3 Mil. IGB Commercial REIT's average total tangible assets for the quarter that ended in Mar. 2026 was RM3,349.1 Mil. Therefore, IGB Commercial REIT's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.44%.
The historical rank and industry rank for IGB Commercial REIT's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:5299'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.91 Med: 1.95 Max: 3
Current: 3
During the past 8 years, IGB Commercial REIT's highest Return-on-Tangible-Asset was 3.00%. The lowest was 1.91%. And the median was 1.95%.
XKLS:5299's Return-on-Tangible-Asset is ranked worse than 54.45% of 933
companies
in the REITs industry
Industry Median: 3.27
vs XKLS:5299: 3.00
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
IGB Commercial REIT Return-on-Tangible-Asset Related Terms
IGB Commercial REIT Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for IGB Commercial REIT's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XKLS:5299 vs BXP, ARE, VNO: Return-on-Tangible-Asset Comparison
For the REIT - Office subindustry, IGB Commercial REIT's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
IGB Commercial REIT Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, IGB Commercial REIT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where IGB Commercial REIT's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.44% mean?
IGB Commercial REIT (XKLS:5299) has a Return-on-Tangible-Asset of 3.44% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on IGB Commercial REIT and its competitors. This is 76% above median its historical median of 1.95. Over the past decade, IGB Commercial REIT's Return-on-Tangible-Asset has ranged from 1.91 to 3.00. According to the industry distribution chart, IGB Commercial REIT ranks #508 out of 933 companies in the REITs industry, placing it in the top 54.4%.
Is IGB Commercial REIT's Return-on-Tangible-Asset too high?
IGB Commercial REIT's current Return-on-Tangible-Asset of 3.44% is 76% above median its 10-year median of 1.95. Over the past 10 years, this metric has ranged from a low of 1.91 to a high of 3.00. The REITs industry median Return-on-Tangible-Asset is 3.27. IGB Commercial REIT's value of 3.44% is 5.2% above this industry median. Based on the distribution chart, IGB Commercial REIT ranks #508 out of 933 companies in the REITs industry, which is below the industry midpoint. Overall, IGB Commercial REIT has a GF Score™ of 35/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IGB Commercial REIT's Return-on-Tangible-Asset compare to BXP and ARE?
According to the REITs industry distribution chart, IGB Commercial REIT ranks #508 out of 933 companies for Return-on-Tangible-Asset. This places IGB Commercial REIT in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.27. IGB Commercial REIT's value of 3.44% is 5.2% above this benchmark. Historically, IGB Commercial REIT's own Return-on-Tangible-Asset has ranged from 1.91 to 3.00 over the past decade. While the company's 10-year median is 1.95 vs. the industry median of 3.27, IGB Commercial REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IGB Commercial REIT's current Return-on-Tangible-Asset of 3.44% is 5.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on IGB Commercial REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IGB Commercial REIT's current Return-on-Tangible-Asset is 3.44%, which is 76% above median its own 10-year median of 1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGB Commercial REIT stock overvalued right now?
Based on GuruFocus' analysis, IGB Commercial REIT (XKLS:5299) is currently considered Fairly Valued. The stock's GF Value™ is RM0.63, compared to a current price of RM0.61 — trading 4% below its estimated fair value. The current Return-on-Tangible-Asset is 3.44%, which is 76% above median its 10-year median of 1.95 and 5.2% above the REITs industry median of 3.27. IGB Commercial REIT's overall GF Score™ is 35/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For IGB Commercial REIT (XKLS:5299), the current Return-on-Tangible-Asset is 3.44% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is IGB Commercial REIT (XKLS:5299) Overvalued in 2026?
Based on GuruFocus' analysis, IGB Commercial REIT stock appears to be undervalued.
The current stock price of RM0.61 is trading 4% below its estimated GF Value™ of RM0.63.
GuruFocus considers IGB Commercial REIT to be Fairly Valued.
Key valuation signals for XKLS:5299:
Return-on-Tangible-Asset: 3.44% (76% above median its 10-year median of 1.95)
GF Value™: RM0.63 vs. price of RM0.61 (4% below fair value)
Industry Position: 5.2% above the REITs median (#508 of 933)
No single metric tells the full story. See the XKLS:5299 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IGB Commercial REIT is established to provide unitholders with regular and stable distributions, sustainable long-term unit price and distributable income and capital growth, and maintaining an appropriate capital structure, by investing directly and indirectly in a portfolio of income-producing real estate used predominantly for commercial purposes in Malaysia and overseas. The trust's investment portfolio mainly comprises commercial properties with office and retail spaces, and includes the Gardens South Tower, Centrepoint North, The Gardens North Tower, and other properties.
35GF Score
Get the complete analysis for XKLS:5299
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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