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Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade (BSP:SMRE11) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade Return-on-Tangible-Asset Related Terms
Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade Return-on-Tangible-Asset 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.
Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade Return-on-Tangible-Asset Chart
Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade Annual Data
Trend
Jun24
Jun25
Return-on-Tangible-Asset
0.00
15.62
Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade Semi-Annual Data
Jun24
Jun25
Return-on-Tangible-Asset
0.00
15.62
BSP:SMRE11 vs VICI, WPC: Return-on-Tangible-Asset Comparison
* 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.
Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade Return-on-Tangible-Asset vs REITs Industry
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is one times the annual (Jun. 2025) net income data.
What does a Return-on-Tangible-Asset of 15.62% mean?
Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade (BSP:SMRE11) has a Return-on-Tangible-Asset of 15.62% as of Jun. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade and its competitors. This is near median its historical median of 15.62. Over the past decade, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's Return-on-Tangible-Asset has ranged from 15.62 to 15.62. According to the industry distribution chart, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade ranks #49 out of 925 companies in the REITs industry, placing it in the top 5.3%.
Is Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's Return-on-Tangible-Asset too high?
Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's current Return-on-Tangible-Asset of 15.62% is near median its 10-year median of 15.62. Over the past 10 years, this metric has ranged from a low of 15.62 to a high of 15.62. The REITs industry median Return-on-Tangible-Asset is 3.30. Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's value of 15.62% is 373.3% above this industry median. Based on the distribution chart, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade ranks #49 out of 925 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade ranks #49 out of 925 companies for Return-on-Tangible-Asset. This places Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.30. Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's value of 15.62% is 373.3% above this benchmark. Historically, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's own Return-on-Tangible-Asset has ranged from 15.62 to 15.62 over the past decade. While the company's 10-year median is 15.62 vs. the industry median of 3.30, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade has consistently been above 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 Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.30, based on 925 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's current Return-on-Tangible-Asset of 15.62% is 373.3% above 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's current Return-on-Tangible-Asset is 15.62%, which is near median its own 10-year median of 15.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade stock overvalued right now?
Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade (BSP:SMRE11) has a current Return-on-Tangible-Asset of 15.62%. The current Return-on-Tangible-Asset is 15.62%, which is near median its 10-year median of 15.62 and 373.3% above the REITs industry median of 3.30. Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's overall GF Score™ is 7/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade (BSP:SMRE11), the current Return-on-Tangible-Asset is 15.62% 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.
Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade Ltd is real estate investment trust fund whose investment objective is to provide shareholders with the appreciation and profitability of their shares, through investment predominantly in the exploration of real estate projects whose entrepreneur, developer, builder, or land subdivision is the Smart Consultoria Imobiliaria Ltda.
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