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Alahli REIT Fund 1 (SAU:4338) Return-on-Tangible-Equity : 2.41% (As of Jun. 2024)


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What is Alahli REIT Fund 1 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. Alahli REIT Fund 1's annualized net income for the quarter that ended in Jun. 2024 was ﷼29.6 Mil. Alahli REIT Fund 1's average shareholder tangible equity for the quarter that ended in Jun. 2024 was ﷼1,228.1 Mil. Therefore, Alahli REIT Fund 1's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was 2.41%.

The historical rank and industry rank for Alahli REIT Fund 1's Return-on-Tangible-Equity or its related term are showing as below:

SAU:4338' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.1   Med: 4.56   Max: 5.75
Current: 2.69

During the past 6 years, Alahli REIT Fund 1's highest Return-on-Tangible-Equity was 5.75%. The lowest was 1.10%. And the median was 4.56%.

SAU:4338's Return-on-Tangible-Equity is ranked worse than
60.94% of 827 companies
in the REITs industry
Industry Median: 4.92 vs SAU:4338: 2.69

Alahli REIT Fund 1 Return-on-Tangible-Equity Historical Data

The historical data trend for Alahli REIT Fund 1'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.

Alahli REIT Fund 1 Return-on-Tangible-Equity Chart

Alahli REIT Fund 1 Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial 4.34 1.10 5.75 5.13 3.23

Alahli REIT Fund 1 Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 5.83 4.41 3.50 2.96 2.41

Competitive Comparison of Alahli REIT Fund 1's Return-on-Tangible-Equity

For the REIT - Diversified subindustry, Alahli REIT Fund 1'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.


Alahli REIT Fund 1's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Alahli REIT Fund 1's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Alahli REIT Fund 1's Return-on-Tangible-Equity falls into.



Alahli REIT Fund 1 Return-on-Tangible-Equity Calculation

Alahli REIT Fund 1'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 )
=40.556/( (1272.944+1237.875 )/ 2 )
=40.556/1255.4095
=3.23 %

Alahli REIT Fund 1's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=29.604/( (1237.875+1218.302)/ 2 )
=29.604/1228.0885
=2.41 %

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


Alahli REIT Fund 1  (SAU:4338) 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.


Alahli REIT Fund 1 Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Alahli REIT Fund 1's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Alahli REIT Fund 1 Business Description

Industry
Traded in Other Exchanges
N/A
Address
King Saud Road, P.O. Box 22216, Regional Building of National Commercial Bank, Riyadh, SAU, 11495
Alahli REIT Fund 1 invests in income-producing properties. Its objective is to provide periodic rental income to Unitholders through investing in developed income-generating properties and to potentially provide capital growth by developing and/or expanding and/or selling assets. The Fund invests mainly in developed income-generating real estate assets and may invest part of its assets and cash surplus in Murabaha transactions and short-term deposits in Saudi Riyals with banks that are licensed by the Saudi Central Bank (SAMA) and operate in Saudi Arabia. The Fund may also invest in public money market funds approved by CMA.

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