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Mapletree Industrial Trust (SGX:ME8U) Return-on-Tangible-Equity : 6.82% (As of Dec. 2023)


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What is Mapletree Industrial Trust Return-on-Tangible-Equity?

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. Mapletree Industrial Trust's annualized net income for the quarter that ended in Dec. 2023 was S$381.2 Mil. Mapletree Industrial Trust's average shareholder tangible equity for the quarter that ended in Dec. 2023 was S$5,588.6 Mil. Therefore, Mapletree Industrial Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 6.82%.

The historical rank and industry rank for Mapletree Industrial Trust's Return-on-Tangible-Equity or its related term are showing as below:

SGX:ME8U' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.41   Med: 10.97   Max: 17.25
Current: 4.84

During the past 13 years, Mapletree Industrial Trust's highest Return-on-Tangible-Equity was 17.25%. The lowest was 4.41%. And the median was 10.97%.

SGX:ME8U's Return-on-Tangible-Equity is ranked better than
51.26% of 792 companies
in the REITs industry
Industry Median: 4.575 vs SGX:ME8U: 4.84

Mapletree Industrial Trust Return-on-Tangible-Equity Historical Data

The historical data trend for Mapletree Industrial Trust'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.

* Premium members only.

Mapletree Industrial Trust Return-on-Tangible-Equity Chart

Mapletree Industrial Trust Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.30 11.11 4.41 9.39 5.29

Mapletree Industrial Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.95 -0.83 6.72 6.51 6.82

Competitive Comparison of Mapletree Industrial Trust's Return-on-Tangible-Equity

For the REIT - Industrial subindustry, Mapletree Industrial 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.


Mapletree Industrial Trust's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mapletree Industrial Trust's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Mapletree Industrial Trust's Return-on-Tangible-Equity falls into.



Mapletree Industrial Trust Return-on-Tangible-Equity Calculation

Mapletree Industrial Trust's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=281.656/( (5278.858+5375.935 )/ 2 )
=281.656/5327.3965
=5.29 %

Mapletree Industrial Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=381.248/( (5641.521+5535.704)/ 2 )
=381.248/5588.6125
=6.82 %

* 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 (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Mapletree Industrial Trust  (SGX:ME8U) 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.


Mapletree Industrial Trust Return-on-Tangible-Equity Related Terms

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Mapletree Industrial Trust (SGX:ME8U) Business Description

Traded in Other Exchanges
Address
10 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438
Mapletree Industrial Trust is a real estate investment trust focusing on industrial properties and data centers. Its property portfolio consists of 85 properties in Singapore and 56 properties in North America (including 13 data centers held through a joint venture with its sponsor, Mapletree Investments Private Limited). Types of property owned includes data centers, high-tech buildings, business parks and general industrial. The trust is externally managed by Mapletree Industrial Trust Management Limited, a subsidiary of its sponsor, which owns around 31% stake in the trust.

Mapletree Industrial Trust (SGX:ME8U) Headlines

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