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Starhill Global Real Estate Investment Trust (SGX:P40U) Return-on-Tangible-Equity : 4.78% (As of Dec. 2023)


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What is Starhill Global Real Estate Investment Trust 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. Starhill Global Real Estate Investment Trust's annualized net income for the quarter that ended in Dec. 2023 was S$83.2 Mil. Starhill Global Real Estate Investment Trust's average shareholder tangible equity for the quarter that ended in Dec. 2023 was S$1,739.9 Mil. Therefore, Starhill Global Real Estate Investment Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 4.78%.

The historical rank and industry rank for Starhill Global Real Estate Investment Trust's Return-on-Tangible-Equity or its related term are showing as below:

SGX:P40U' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.18   Med: 5.16   Max: 5.84
Current: 4.59

During the past 13 years, Starhill Global Real Estate Investment Trust's highest Return-on-Tangible-Equity was 5.84%. The lowest was 4.18%. And the median was 5.16%.

SGX:P40U's Return-on-Tangible-Equity is ranked worse than
50.13% of 792 companies
in the REITs industry
Industry Median: 4.595 vs SGX:P40U: 4.59

Starhill Global Real Estate Investment Trust Return-on-Tangible-Equity Historical Data

The historical data trend for Starhill Global Real Estate Investment Trust'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.

Starhill Global Real Estate Investment Trust Return-on-Tangible-Equity Chart

Starhill Global Real Estate Investment Trust Annual Data
Trend Dec14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.17 4.18 4.82 4.80 4.95

Starhill Global Real Estate Investment Trust Semi-Annual Data
Dec13 Jun14 Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 4.52 5.05 5.39 4.42 4.78

Competitive Comparison of Starhill Global Real Estate Investment Trust's Return-on-Tangible-Equity

For the REIT - Retail subindustry, Starhill Global Real Estate Investment Trust'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.


Starhill Global Real Estate Investment Trust's Return-on-Tangible-Equity Distribution in the REITs Industry

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

* The bar in red indicates where Starhill Global Real Estate Investment Trust's Return-on-Tangible-Equity falls into.



Starhill Global Real Estate Investment Trust Return-on-Tangible-Equity Calculation

Starhill Global Real Estate Investment Trust's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=88.945/( (1847.027+1749.125 )/ 2 )
=88.945/1798.076
=4.95 %

Starhill Global Real Estate Investment Trust'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: Jun. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=83.224/( (1749.125+1730.692)/ 2 )
=83.224/1739.9085
=4.78 %

* 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 (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Starhill Global Real Estate Investment Trust  (SGX:P40U) 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.


Starhill Global Real Estate Investment Trust Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Starhill Global Real Estate Investment Trust's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Starhill Global Real Estate Investment Trust (SGX:P40U) Business Description

Traded in Other Exchanges
Address
391B Orchard Road, No. 21-08 Ngee Ann City Tower B, Singapore, SGP, 238874
Starhill Global Real Estate Investment Trust invests in retail and commercial properties. The company's properties are located in Asia-Pacific countries which include Singapore, Australia, Malaysia, China, and Japan. The company generates the majority of revenue from leasing properties to tenants, primarily department stores, fashion and footwear stores, cosmetics shops, and corporates. The company divides its operations into five segments: Wisma Atria Property; Ngee Ann City Property; Australia Properties; Malaysia Properties; and other properties. The two Singapore segments, Wisma Atria Property and Ngee Ann City Property, collectively generate more than half total revenue.

Starhill Global Real Estate Investment Trust (SGX:P40U) Headlines

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