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SFRT (Appreciate Holdings) Return-on-Tangible-Equity : -1.57% (As of Sep. 2022)


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What is Appreciate Holdings 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. Appreciate Holdings's annualized net income for the quarter that ended in Sep. 2022 was $-3.32 Mil. Appreciate Holdings's average shareholder tangible equity for the quarter that ended in Sep. 2022 was $211.16 Mil. Therefore, Appreciate Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2022 was -1.57%.

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

SFRT's Return-on-Tangible-Equity is not ranked *
in the Real Estate industry.
Industry Median: 3.03
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Appreciate Holdings Return-on-Tangible-Equity Historical Data

The historical data trend for Appreciate Holdings'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.

Appreciate Holdings Return-on-Tangible-Equity Chart

Appreciate Holdings Annual Data
Trend Dec20 Dec21
Return-on-Tangible-Equity
- 5.26

Appreciate Holdings Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only 3.70 5.43 6.95 -14.04 -1.57

Competitive Comparison of Appreciate Holdings's Return-on-Tangible-Equity

For the Real Estate Services subindustry, Appreciate Holdings'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.


Appreciate Holdings's Return-on-Tangible-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Appreciate Holdings's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Appreciate Holdings's Return-on-Tangible-Equity falls into.



Appreciate Holdings Return-on-Tangible-Equity Calculation

Appreciate Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2021 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=11.028/( (204.335+215.363 )/ 2 )
=11.028/209.849
=5.26 %

Appreciate Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2022 )  (Q: Jun. 2022 )(Q: Sep. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2022 )  (Q: Jun. 2022 )(Q: Sep. 2022 )
=-3.32/( (211.577+210.747)/ 2 )
=-3.32/211.162
=-1.57 %

* 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 (Sep. 2022) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Appreciate Holdings  (OTCPK:SFRT) 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.


Appreciate Holdings Return-on-Tangible-Equity Related Terms

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


Appreciate Holdings Business Description

Traded in Other Exchanges
N/A
Address
6101 Baker Rd, Suite 200, Minnetonka, MN, USA, MN 55345
Appreciate Holdings Inc through its operating company Renters Warehouse offers an end-to-end Single Family Rental marketplace and management platform. The company offers a full-service platform for investing in and owning SFR properties, including a proprietary online marketplace and full-service brokerage teams.
Executives
Laurie A. Hawkes director 7047 EAST GREENWAY PARKWAY, SUITE 350, SCOTTSDALE AZ 85254
Lake Street Landlords, Llc 10 percent owner 315 LAKE STREET E., SUITE 301, WAYZATA MN 55391
Nolan Jacobson officer: Chief Financial Officer 19880 ANDOVER PLACE, EXCELSIOR MN 55331
Todd Jable officer: Chief Technology Officer & COO 996 NORTH ARM DRIVE, ORONO MN 55364
Christopher Laurence director, officer: Chief Executive Officer 1233 SNOW BERRY STREET, PARK CITY UT 84098
Kevin Ortner officer: President 7008 SANDY HOOK CIRCLE, CHANHASSEN MN 55317
Marcy Haymaker director C/O PERCEPTION CAPITAL CORP. II, 315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Scott Honour director 10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
William John Bush director 539 BRYANT STREET, SUITE 403, SAN FRANCISCO CA 94107
Douglas Bergeron director 111 W. OCEAN BOULEVARD, LONG BEACH CA 90802
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Robinson Courtney A director 3485 N. PINES WAY SUITE 110, WILSON WY 83014
Thomas D Hennessy director, 10 percent owner, officer: Co-CEO and President 3485 N. PINES WAY SUITE 110, WILSON WY 83014
Hc Proptech Partners Ii Llc 10 percent owner 3485 N. PINES WAY, SUITE 110, WILSON WY 83014
Gloria Fu director 3485 N. PINES WAY, SUITE 110, WILSON WY 83014