Other 30-something-unit, inner-city Portland apartment complexes have sold consistently for approximately $3 million, according to research by Winkler and Dupont. UDP purchased its Southeast Division property in May 2011 for $645,000, according to Portlandmaps.
What is 'Return On Average Assets - ROAA'. Return on average assets (ROAA) is an indicator used to assess the profitability of a firm's assets, and it is most often used by banks and other financial institutions as a means to gauge financial performance. ROAA is calculated by taking net income and dividing it by average total assets.
The return on assets formula is very similar to the return on investment (ROI) equation: ROA = net income / average total assets. ROA = profit margin / total asset turnover. While these formulas are simpler than the ones used to determine ROI, the measures both determine the rate of return on an investment.