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.
Return on Assets measures how effectively the company produces income from its assets. You calculate it by dividing net income (NI) for the current year by the value of all the company's assets (A) and multiplying the quotient by 100: 1  Return on Assets = Net Income / Assets * 100.  ROA = NI/A * 100.