What is Plymouth Industrial REIT 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. Plymouth Industrial REIT's annualized net income for the quarter that ended in Mar. 2024 was $24.9 Mil. Plymouth Industrial REIT's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $434.9 Mil. Therefore, Plymouth Industrial REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 5.72%.
The historical rank and industry rank for Plymouth Industrial REIT's Return-on-Tangible-Equity or its related term are showing as below:
PLYM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -38.62 Med: -5.26 Max: 5.33
Current: 5.33
During the past 13 years, Plymouth Industrial REIT's highest Return-on-Tangible-Equity was 5.33%. The lowest was -38.62%. And the median was -5.26%.
PLYM's Return-on-Tangible-Equity is ranked better than 53.35% of 791
companies
in the REITs industry
Industry Median: 4.59
vs PLYM: 5.33
Plymouth Industrial REIT Return-on-Tangible-Equity Historical Data
The historical data trend for Plymouth Industrial REIT'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.
Competitive Comparison of Plymouth Industrial REIT's Return-on-Tangible-Equity
For the REIT - Industrial subindustry, Plymouth Industrial REIT'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.
Plymouth Industrial REIT's Return-on-Tangible-Equity Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Plymouth Industrial REIT's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Plymouth Industrial REIT's Return-on-Tangible-Equity falls into.
* 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. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Plymouth Industrial REIT Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Plymouth Industrial REIT's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Plymouth Industrial REIT (Plymouth Industrial REIT) Business Description
Plymouth Industrial REIT Inc is a full-service, vertically integrated, self-administered, and self-managed Maryland corporation. It is focused on the acquisition, ownership, and management of single and multi-tenant Class B industrial properties, including distribution centers, warehouses, and light industrial properties, located in secondary and primary markets across the United States. The company has one reportable segment, which is Industrial properties. The majority of its property portfolio is spread across Florida, Ohio, Indiana, Tennessee, Illinois and Georgia, among others. It receives income primarily from the rental revenue through its properties.
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