TSX:BEI.UN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.19 Med: 2.11 Max: 9.61
Current: 9.61
During the past 13 years, Boardwalk Real Estate Investment Trust's highest Return-on-Tangible-Asset was 9.61%. The lowest was -3.19%. And the median was 2.11%.
TSX:BEI.UN's Return-on-Tangible-Asset is ranked better than 86.62% of 800
companies
in the REITs industry
Industry Median: 2.235
vs TSX:BEI.UN: 9.61
Boardwalk Real Estate Investment Trust Return-on-Tangible-Asset 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.
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Boardwalk Real Estate Investment Trust Return-on-Tangible-Asset Chart
Boardwalk Real Estate Investment Trust Annual Data
Competitive Comparison of Boardwalk Real Estate Investment Trust's Return-on-Tangible-Asset
For the REIT - Residential subindustry, Boardwalk Real Estate Investment Trust's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Boardwalk Real Estate Investment Trust's Return-on-Tangible-Asset Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Boardwalk Real Estate Investment Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Boardwalk Real Estate Investment Trust's Return-on-Tangible-Asset falls into.
Boardwalk Real Estate Investment Trust Return-on-Tangible-Asset Calculation
* 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2024) net income data.
Boardwalk Real Estate Investment Trust (TSX:BEI.UN) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset 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 Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Boardwalk Real Estate Investment Trust Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Boardwalk Real Estate Investment Trust's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Boardwalk Real Estate Investment Trust (TSX:BEI.UN) Business Description
Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company's cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT's total residential suites. The company derives substantially all of its income in the form of rental revenue from leasing its properties to tenants under short-term agreements. Boardwalk REIT's assets in Alberta contribute the majority of this revenue.
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