The historical rank and industry rank for Fortune Real Estate Investment Trust's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00778'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -10.43 Med: 4.87 Max: 20.34
Current: -0.54
During the past 13 years, Fortune Real Estate Investment Trust's highest Return-on-Tangible-Equity was 20.34%. The lowest was -10.43%. And the median was 4.87%.
HKSE:00778's Return-on-Tangible-Equity is ranked worse than 72.98% of 792
companies
in the REITs industry
Industry Median: 4.66
vs HKSE:00778: -0.54
Fortune Real Estate Investment Trust 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.
* Premium members only.
Fortune Real Estate Investment Trust Return-on-Tangible-Equity Chart
Competitive Comparison of Fortune Real Estate Investment Trust's Return-on-Tangible-Equity
For the REIT - Retail subindustry, Fortune 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.
Fortune Real Estate Investment Trust's Return-on-Tangible-Equity Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Fortune Real Estate Investment Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fortune Real Estate Investment Trust's Return-on-Tangible-Equity falls into.
Fortune Real Estate Investment Trust Return-on-Tangible-Equity 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-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.
Fortune Real Estate Investment Trust (HKSE:00778) 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.
Fortune Real Estate Investment Trust Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Fortune Real Estate Investment Trust's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortune Real Estate Investment Trust (HKSE:00778) Business Description
Fortune Real Estate Investment Trust is a real estate company that invests in retail shopping malls located in Hong Kong and Singapore with the primary objective of producing stable distributions for unitholders and achieving long-term growth in the net asset value per unit. The trust generates the majority of its revenue from rents and leases, with the remaining revenue from utility charges, management fees, car park revenue, license fees, and other sources. Fortune REIT's tenants include supermarkets, banking, and real estate services companies, restaurants, convenience stores, and general retailers.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:00778 has been successfully added to your 