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Daiwa House REIT Investment (Daiwa House REIT Investment) Return-on-Tangible-Equity : 4.67% (As of Aug. 2023)


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What is Daiwa House REIT Investment 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. Daiwa House REIT Investment's annualized net income for the quarter that ended in Aug. 2023 was $155.1 Mil. Daiwa House REIT Investment's average shareholder tangible equity for the quarter that ended in Aug. 2023 was $3,323.6 Mil. Therefore, Daiwa House REIT Investment's annualized Return-on-Tangible-Equity for the quarter that ended in Aug. 2023 was 4.67%.

The historical rank and industry rank for Daiwa House REIT Investment's Return-on-Tangible-Equity or its related term are showing as below:

DAWUF' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.59   Med: 5.26   Max: 6.15
Current: 4.69

During the past 13 years, Daiwa House REIT Investment's highest Return-on-Tangible-Equity was 6.15%. The lowest was 4.59%. And the median was 5.26%.

DAWUF's Return-on-Tangible-Equity is ranked better than
50.13% of 794 companies
in the REITs industry
Industry Median: 4.675 vs DAWUF: 4.69

Daiwa House REIT Investment Return-on-Tangible-Equity Historical Data

The historical data trend for Daiwa House REIT Investment'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.

Daiwa House REIT Investment Return-on-Tangible-Equity Chart

Daiwa House REIT Investment Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.88 4.70 5.27 4.63 4.69

Daiwa House REIT Investment Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.16 4.41 4.87 4.67 4.36

Competitive Comparison of Daiwa House REIT Investment's Return-on-Tangible-Equity

For the REIT - Diversified subindustry, Daiwa House REIT Investment'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.


Daiwa House REIT Investment's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Daiwa House REIT Investment's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Daiwa House REIT Investment's Return-on-Tangible-Equity falls into.



Daiwa House REIT Investment Return-on-Tangible-Equity Calculation

Daiwa House REIT Investment's annualized Return-on-Tangible-Equity for the fiscal year that ended in Aug. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Aug. 2023 )  (A: Aug. 2022 )(A: Aug. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Aug. 2023 )  (A: Aug. 2022 )(A: Aug. 2023 )
=154.359/( (3404.222+3183.77 )/ 2 )
=154.359/3293.996
=4.69 %

Daiwa House REIT Investment's annualized Return-on-Tangible-Equity for the quarter that ended in Aug. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Aug. 2023 )  (Q: Feb. 2023 )(Q: Aug. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Aug. 2023 )  (Q: Feb. 2023 )(Q: Aug. 2023 )
=155.054/( (3463.413+3183.77)/ 2 )
=155.054/3323.5915
=4.67 %

* 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 two times the semi-annual (Aug. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Daiwa House REIT Investment  (OTCPK:DAWUF) 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.


Daiwa House REIT Investment Return-on-Tangible-Equity Related Terms

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Daiwa House REIT Investment (Daiwa House REIT Investment) Business Description

Traded in Other Exchanges
Address
2-4-8, Nagatacho, 7th Floor, Nissei Nagatacho Building, Chiyoda-ku, Tokyo, JPN, 100-0014
Daiwa House REIT Investment Corp is a diversified real estate investment trust which invests in real estate properties. Its core assets are logistics properties, residential properties, retail properties, and hotels. It invests mainly in three metropolitan areas the greater Tokyo area, the greater Nagoya area, and the greater Osaka area. The firm's portfolio consists of assets with various risk-return profiles. It generates revenue from rental activity on a straight-line accrual basis over the life of each lease contract. The company operates only in Japan.

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