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TSXV:SURF.UN's Return-on-Tangible-Equity is ranked worse than 100% of 920
companies
in the REITs industry
Industry Median: 6.285
vs TSXV:SURF.UN: -309.16
Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) 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.
Starlight US Residential Fund (Multi-Family) Investment LP Return-on-Tangible-Equity Related Terms
Starlight US Residential Fund (Multi-Family) Investment LP Return-on-Tangible-Equity Historical Data
* 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.
Starlight US Residential Fund (Multi-Family) Investment LP Return-on-Tangible-Equity Chart
Starlight US Residential Fund (Multi-Family) Investment LP Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Return-on-Tangible-Equity
-0.41
-9.84
-64.46
-71.06
-108.50
Starlight US Residential Fund (Multi-Family) Investment LP Quarterly Data
* 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.
Starlight US Residential Fund (Multi-Family) Investment LP Return-on-Tangible-Equity vs REITs Industry
* 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. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -5,206.10% mean?
Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) has a Return-on-Tangible-Equity of -5,206.10% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Starlight US Residential Fund (Multi-Family) Investment LP and its competitors. According to the industry distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #920 out of 920 companies in the REITs industry.
Is Starlight US Residential Fund (Multi-Family) Investment LP's Return-on-Tangible-Equity too high?
Starlight US Residential Fund (Multi-Family) Investment LP's current Return-on-Tangible-Equity is -5,206.10%. Based on the distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #920 out of 920 companies in the REITs industry, which is in the bottom quartile relative to peers.
How does Starlight US Residential Fund (Multi-Family) Investment LP's Return-on-Tangible-Equity compare to AVB and EQR?
According to the REITs industry distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #920 out of 920 companies for Return-on-Tangible-Equity. This places Starlight US Residential Fund (Multi-Family) Investment LP in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.29. 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 6.29, based on 920 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. 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 Starlight US Residential Fund (Multi-Family) Investment LP and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starlight US Residential Fund (Multi-Family) Investment LP's current Return-on-Tangible-Equity is -5,206.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starlight US Residential Fund (Multi-Family) Investment LP stock overvalued right now?
Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) has a current Return-on-Tangible-Equity of -5,206.10%. The current Return-on-Tangible-Equity is -5,206.10%. 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 Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN), the current Return-on-Tangible-Equity is -5,206.10% as of Mar. 2026. 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.
Starlight US Residential Fund (Multi-Family) Investment LP is a "closed-end" trust. It operates as a real estate investment and asset management company that acquires, owns, and operates a portfolio of multifamily properties and single-family rental homes. The company evaluates properties based on pricing and local supply-and-demand conditions in relation to the fund's stated performance targets. Its portfolio includes properties located in Arizona, Florida, and North Carolina.
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