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Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Starlight US Residential Fund (Multi-Family) Investment LP ROA % Related Terms
Starlight US Residential Fund (Multi-Family) Investment LP ROA % 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 ROA % Chart
Starlight US Residential Fund (Multi-Family) Investment LP Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
ROA %
-0.21
-3.85
-16.66
-10.88
-9.50
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 ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) has a ROA % of -27.57% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. 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 #891 out of 926 companies in the REITs industry, placing it in the top 96.2%.
Is Starlight US Residential Fund (Multi-Family) Investment LP's ROA % too high?
Starlight US Residential Fund (Multi-Family) Investment LP's current ROA % is -27.57%. Based on the distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #891 out of 926 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 ROA % compare to AVB and EQR?
According to the REITs industry distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #891 out of 926 companies for ROA %. This places Starlight US Residential Fund (Multi-Family) Investment LP in the lower half of its industry. The industry median ROA % is 3.24. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a REITs company?
The median ROA % among REITs companies is 3.24, based on 926 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Starlight US Residential Fund (Multi-Family) Investment LP and its competitors. For the REITs industry, the median ROA % is 3.24 — 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 ROA % is -27.57%. 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 ROA % of -27.57%. The current ROA % is -27.57%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN), the current ROA % is -27.57% 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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