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Fundo Investimento Imobiliario Green Towers (BSP:GTWR11) Return-on-Tangible-Equity : 16.21% (As of Dec. 2023)


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What is Fundo Investimento Imobiliario Green Towers Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Fundo Investimento Imobiliario Green Towers's annualized net income for the quarter that ended in Dec. 2023 was R$190.4 Mil. Fundo Investimento Imobiliario Green Towers's average shareholder tangible equity for the quarter that ended in Dec. 2023 was R$1,174.8 Mil. Therefore, Fundo Investimento Imobiliario Green Towers's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 16.21%.

The historical rank and industry rank for Fundo Investimento Imobiliario Green Towers's Return-on-Tangible-Equity or its related term are showing as below:

BSP:GTWR11' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.69   Med: 13.56   Max: 24.54
Current: 16.21

During the past 7 years, Fundo Investimento Imobiliario Green Towers's highest Return-on-Tangible-Equity was 24.54%. The lowest was 5.69%. And the median was 13.56%.

BSP:GTWR11's Return-on-Tangible-Equity is ranked better than
88.99% of 790 companies
in the REITs industry
Industry Median: 4.66 vs BSP:GTWR11: 16.21

Fundo Investimento Imobiliario Green Towers Return-on-Tangible-Equity Historical Data

The historical data trend for Fundo Investimento Imobiliario Green Towers's Return-on-Tangible-Equity 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.

* Premium members only.

Fundo Investimento Imobiliario Green Towers Return-on-Tangible-Equity Chart

Fundo Investimento Imobiliario Green Towers Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial 24.54 10.90 5.69 6.09 16.21

Fundo Investimento Imobiliario Green Towers Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity Get a 7-Day Free Trial 24.54 10.90 5.69 6.09 16.21

Competitive Comparison of Fundo Investimento Imobiliario Green Towers's Return-on-Tangible-Equity

For the REIT - Office subindustry, Fundo Investimento Imobiliario Green Towers's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.


Fundo Investimento Imobiliario Green Towers's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Fundo Investimento Imobiliario Green Towers's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Fundo Investimento Imobiliario Green Towers's Return-on-Tangible-Equity falls into.



Fundo Investimento Imobiliario Green Towers Return-on-Tangible-Equity Calculation

Fundo Investimento Imobiliario Green Towers's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=190.438/( (1136.411+1213.089 )/ 2 )
=190.438/1174.75
=16.21 %

Fundo Investimento Imobiliario Green Towers's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Dec. 2022 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Dec. 2022 )(Q: Dec. 2023 )
=190.438/( (1136.411+1213.089)/ 2 )
=190.438/1174.75
=16.21 %

* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is one times the annual (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Fundo Investimento Imobiliario Green Towers  (BSP:GTWR11) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Fundo Investimento Imobiliario Green Towers Return-on-Tangible-Equity Related Terms

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Fundo Investimento Imobiliario Green Towers (BSP:GTWR11) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Avenida das Nações Unidas, 14171, tower A - 11th Floor- Vila Gertrudes, São Paulo, SP, BRA, 04794-000
Website
Fundo Investimento Imobiliario Green Towers is a brick-type real estate fund. Its investments are directed at commercial properties in the office segment. The objective of the fund is to provide the quoters with income monthly by means of the location of the corporate offices of Green Towers enterprise.

Fundo Investimento Imobiliario Green Towers (BSP:GTWR11) Headlines

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