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Dream Residential REIT (Dream Residential REIT) Return-on-Tangible-Equity : 1.43% (As of Mar. 2024)


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What is Dream Residential REIT 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. Dream Residential REIT's annualized net income for the quarter that ended in Mar. 2024 was $3.26 Mil. Dream Residential REIT's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $228.82 Mil. Therefore, Dream Residential REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 1.43%.

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

DRREF' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.49   Med: -6.49   Max: 5.14
Current: 5.14

During the past 2 years, Dream Residential REIT's highest Return-on-Tangible-Equity was 5.14%. The lowest was -6.49%. And the median was -6.49%.

DRREF's Return-on-Tangible-Equity is ranked better than
52.02% of 792 companies
in the REITs industry
Industry Median: 4.575 vs DRREF: 5.14

Dream Residential REIT Return-on-Tangible-Equity Historical Data

The historical data trend for Dream Residential REIT'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.

Dream Residential REIT Return-on-Tangible-Equity Chart

Dream Residential REIT Annual Data
Trend Dec22 Dec23
Return-on-Tangible-Equity
- -6.49

Dream Residential REIT Quarterly Data
Feb22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24
Return-on-Tangible-Equity Get a 7-Day Free Trial - -18.65 19.04 - 1.43

Competitive Comparison of Dream Residential REIT's Return-on-Tangible-Equity

For the REIT - Residential subindustry, Dream Residential REIT'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.


Dream Residential REIT's Return-on-Tangible-Equity Distribution in the REITs Industry

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

* The bar in red indicates where Dream Residential REIT's Return-on-Tangible-Equity falls into.



Dream Residential REIT Return-on-Tangible-Equity Calculation

Dream Residential REIT'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 )
=-14.849/( (239.291+218.032 )/ 2 )
=-14.849/228.6615
=-6.49 %

Dream Residential REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=3.264/( (218.032+239.6)/ 2 )
=3.264/228.816
=1.43 %

* 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 four times the quarterly (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Dream Residential REIT  (OTCPK:DRREF) 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.


Dream Residential REIT Return-on-Tangible-Equity Related Terms

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Dream Residential REIT (Dream Residential REIT) Business Description

Traded in Other Exchanges
Address
30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1
Dream Residential REIT is a Canada-based open-ended, real estate investment trust. It plans to acquire all of the issued and outstanding equity interests in special purpose entities, which collectively own more than 15 multi-residential rental properties. All of its properties are located in the United States.