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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. Mori Trust Reit's annualized net income for the quarter that ended in Feb. 2024 was 円14,495 Mil. Mori Trust Reit's average shareholder tangible equity for the quarter that ended in Feb. 2024 was 円232,250 Mil. Therefore, Mori Trust Reit's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2024 was 6.24%.
The historical rank and industry rank for Mori Trust Reit's Return-on-Tangible-Equity or its related term are showing as below:
TSE:8961's Return-on-Tangible-Equity is not ranked *
in the REITs industry.
Industry Median: 6.265 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Mori Trust Reit (TSE:8961) 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.
Mori Trust Reit Return-on-Tangible-Equity Related Terms
Mori Trust Reit Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Mori Trust 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.
TSE:8961 vs ARE, BXP, VNO: Return-on-Tangible-Equity Comparison
For the REIT - Office subindustry, Mori Trust 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.
Mori Trust Reit Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Mori Trust Reit's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mori Trust Reit's Return-on-Tangible-Equity falls into.
* 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 (Feb. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 6.24% mean?
Mori Trust Reit (TSE:8961) has a Return-on-Tangible-Equity of 6.24% as of Feb. 2024. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Mori Trust Reit and its competitors.
Is Mori Trust Reit's Return-on-Tangible-Equity too high?
Mori Trust Reit's current Return-on-Tangible-Equity is 6.24%. The REITs industry median Return-on-Tangible-Equity is 6.27. Mori Trust Reit's value of 6.24% is 0.4% below this industry median. Overall, Mori Trust Reit has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Mori Trust Reit's Return-on-Tangible-Equity compare to ARE and BXP?
Mori Trust Reit's Return-on-Tangible-Equity of 6.24% can be compared against companies in the REITs industry. The industry median Return-on-Tangible-Equity is 6.27. Mori Trust Reit's value of 6.24% is 0.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.27, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mori Trust Reit's current Return-on-Tangible-Equity of 6.24% is 0.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Mori Trust Reit and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mori Trust Reit's current Return-on-Tangible-Equity is 6.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mori Trust Reit stock overvalued right now?
Mori Trust Reit (TSE:8961) has a current Return-on-Tangible-Equity of 6.24%. The current Return-on-Tangible-Equity is 6.24% and 0.4% below the REITs industry median of 6.27. Mori Trust Reit's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Mori Trust Reit (TSE:8961), the current Return-on-Tangible-Equity is 6.24% as of Feb. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Mori Trust Reit Inc is a real estate investment trust company. Its objective is to achieve sustainable growth and stable earnings from mid- to long-term perspectives. It invests in office buildings, commercial facilities, housings, and hotels. The company owns more than 10 properties in and around Central Tokyo and others. The company generates its revenue from its leasing business.
12GF Score
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