• Mitsubishi Estate average return on tangible equity for 2022 was 10.77, a 15.19% decline from 2021.
• Mitsubishi Estate average return on tangible equity for 2021 was 9.35, a 2.52% increase from 2020.
• Mitsubishi Estate average return on tangible equity for 2020 was 9.12, a 135.05% increase from 2019.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.