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.
ROA is an important ratio for companyâs owners, investors and creditors, as it is one of the most general ratios that shows how efficiently the asset is being managed. Return on asset indicates how much net income is generated per one dollar of assets. However, analyzing companyâs profitability relying only on ROA would not be recommended, it is a must to calculate other profitability ratios, too. Sometimes different ROA calculations can be used.