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BSP:HRDF11's Forward Rate of Return (Yacktman) % is ranked worse than 72.95% of 621
companies
in the REITs industry
Industry Median: 8.75
vs BSP:HRDF11: 1.26
Unlike the Earnings Yield %, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Hedge Realty Development Fundo Investimento Imobiliario FII (BSP:HRDF11) Forward Rate of Return (Yacktman) % Explanation
Unlike the Earnings Yield, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of Book Value per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over five years. The reason we use five years is to make it comparable to the growth rate.
Be Aware
In the Forward Rate of Return calculation, the growth rate is added directly to today's free cash flow yield. Therefore the calculation is reliable only if the company can grow at the same rate in the future as it did in the past. Investors should pay close attention to this when researching growth stocks. A more accurate measurement for return is Return on Capital.
Hedge Realty Development Fundo Investimento Imobiliario FII Forward Rate of Return (Yacktman) % Related Terms
Hedge Realty Development Fundo Investimento Imobiliario FII Forward Rate of Return (Yacktman) % Historical Data
* 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.
Hedge Realty Development Fundo Investimento Imobiliario FII Forward Rate of Return (Yacktman) % Chart
Hedge Realty Development Fundo Investimento Imobiliario FII Annual Data
BSP:HRDF11 vs VICI, WPC: Forward Rate of Return (Yacktman) % Comparison
For the REIT - Diversified subindustry, Hedge Realty Development Fundo Investimento Imobiliario FII's Forward Rate of Return (Yacktman) %, along with its competitors' market caps and Forward Rate of Return (Yacktman) % 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.
Hedge Realty Development Fundo Investimento Imobiliario FII Forward Rate of Return (Yacktman) % vs REITs Industry
Hedge Realty Development Fundo Investimento Imobiliario FII Forward Rate of Return (Yacktman) % Calculation
Forward Rate of Return is a concept that Don Yacktman uses in his investment approach. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. He said in the interview (March 2012, when the S&P 500 was at about 1400):
If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.
The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).
* 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.
What does a Forward Rate of Return (Yacktman) % of 1.23% mean?
Hedge Realty Development Fundo Investimento Imobiliario FII (BSP:HRDF11) has a Forward Rate of Return (Yacktman) % of 1.23% as of Dec. 2025. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Hedge Realty Development Fundo Investimento Imobiliario FII and its competitors. This is near median its historical median of 1.26. According to the industry distribution chart, Hedge Realty Development Fundo Investimento Imobiliario FII ranks #453 out of 621 companies in the REITs industry, placing it in the top 72.9%.
Is Hedge Realty Development Fundo Investimento Imobiliario FII's Forward Rate of Return (Yacktman) % too high?
Hedge Realty Development Fundo Investimento Imobiliario FII's current Forward Rate of Return (Yacktman) % of 1.23% is near median its 10-year median of 1.26. The REITs industry median Forward Rate of Return (Yacktman) % is 8.75. Hedge Realty Development Fundo Investimento Imobiliario FII's value of 1.23% is 85.9% below this industry median. Based on the distribution chart, Hedge Realty Development Fundo Investimento Imobiliario FII ranks #453 out of 621 companies in the REITs industry, which is below the industry midpoint. Overall, Hedge Realty Development Fundo Investimento Imobiliario FII has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Hedge Realty Development Fundo Investimento Imobiliario FII's Forward Rate of Return (Yacktman) % compare to VICI and WPC?
According to the REITs industry distribution chart, Hedge Realty Development Fundo Investimento Imobiliario FII ranks #453 out of 621 companies for Forward Rate of Return (Yacktman) %. This places Hedge Realty Development Fundo Investimento Imobiliario FII in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 8.75. Hedge Realty Development Fundo Investimento Imobiliario FII's value of 1.23% is 85.9% below this benchmark. While the company's 10-year median is 1.26 vs. the industry median of 8.75, Hedge Realty Development Fundo Investimento Imobiliario FII has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Rate of Return (Yacktman) % for a REITs company?
The median Forward Rate of Return (Yacktman) % among REITs companies is 8.75, based on 621 companies in the industry. Companies in the top quartile (top 25%) have a Forward Rate of Return (Yacktman) % significantly above this median, while those in the bottom quartile fall well below. However, Forward Rate of Return (Yacktman) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hedge Realty Development Fundo Investimento Imobiliario FII's current Forward Rate of Return (Yacktman) % of 1.23% is 85.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Rate of Return (Yacktman) % mean?
A high Forward Rate of Return (Yacktman) % can signal that a stock is expensive relative to its fundamentals. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Hedge Realty Development Fundo Investimento Imobiliario FII and its competitors. For the REITs industry, the median Forward Rate of Return (Yacktman) % is 8.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hedge Realty Development Fundo Investimento Imobiliario FII's current Forward Rate of Return (Yacktman) % is 1.23%, which is near median its own 10-year median of 1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedge Realty Development Fundo Investimento Imobiliario FII stock overvalued right now?
Hedge Realty Development Fundo Investimento Imobiliario FII (BSP:HRDF11) has a current Forward Rate of Return (Yacktman) % of 1.23%. The current Forward Rate of Return (Yacktman) % is 1.23%, which is near median its 10-year median of 1.26 and 85.9% below the REITs industry median of 8.75. Hedge Realty Development Fundo Investimento Imobiliario FII's overall GF Score™ is 23/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Rate of Return (Yacktman) % calculated?
Forward Rate of Return (Yacktman) % is calculated from a company's financial statements. For Hedge Realty Development Fundo Investimento Imobiliario FII (BSP:HRDF11), the current Forward Rate of Return (Yacktman) % is 1.23% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Hedge Realty Development Fundo Investimento Imobiliario FII is a closed-end fund. The Fund's objective is to provide its shareholders with long-term appreciation and profitability of their shares, predominantly through investment.
23GF Score
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