Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario (BSP:AFHI11) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario Retained Earnings 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.
AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario Retained Earnings Chart
AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario Annual Data
Trend
Jun21
Jun22
Jun23
Jun24
Jun25
Retained Earnings
0.90
-0.58
-0.46
-8.33
-11.82
AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario Semi-Annual Data
AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of R$-11.82 Mil mean?
AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario (BSP:AFHI11) has a Retained Earnings of R$-11.82 Mil as of Jun. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario and its competitors.
Is AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's Retained Earnings too high?
AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's current Retained Earnings is R$-11.82 Mil. Overall, AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario has a GF Score™ of 44/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's Retained Earnings compare to VICI and WPC?
AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's Retained Earnings of R$-11.82 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a REITs company?
A good Retained Earnings depends on the REITs industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario and its competitors. AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's current Retained Earnings is R$-11.82 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario (BSP:AFHI11) is currently considered Fairly Valued. The stock's GF Value™ is R$92.32, compared to a current price of R$94.59 — trading 2.5% above its estimated fair value. The current Retained Earnings is R$-11.82 Mil. AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's overall GF Score™ is 44/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario (BSP:AFHI11), the current Retained Earnings is R$-11.82 Mil as of Jun. 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.
Is AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario (BSP:AFHI11) Overvalued in 2026?
Based on GuruFocus' analysis, AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario stock appears to be overvalued.
The current stock price of R$94.59 is trading 2.5% above its estimated GF Value™ of R$92.32.
GuruFocus considers AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario to be Fairly Valued.
Key valuation signals for BSP:AFHI11:
Retained Earnings: R$-11.82 Mil
GF Value™: R$92.32 vs. price of R$94.59 (2.5% above fair value)
No single metric tells the full story. See the BSP:AFHI11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario invests resources in real estate projects to provide the shareholder with income and capital gains arising from investment, primarily in Target Assets and, secondarily, in Financial Investments.
44GF Score
Get the complete analysis for BSP:AFHI11
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:AFHI11 has been successfully added to your 
