Suno Multiestrategia Fundo De Investimento Imobiliario (BSP:SNME11) Return-on-Tangible-Asset: 20.40% (As of Dec. 2025) — 42% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BSP:SNME11 Suno Multiestrategia Fundo De Investimento Imobiliario BSP:SNME11
8 GF Score
Price R$9.38
! 1 Warning Sign
View Full Analysis

What is Suno Multiestrategia Fundo De Investimento Imobiliario Return-on-Tangible-Asset?

Suno Multiestrategia Fundo De Investimento Imobiliario BSP:SNME11 -0.74% 8 Return-on-Tangible-Asset is 20.40% as of Dec. 2025, which is 42% above its 10-year median of 14.36. GuruFocus rates BSP:SNME11 with a GF Score™ of 8/100. The stock has 1 warning sign investors should review. Among 929 REITs companies, Suno Multiestrategia Fundo De Investimento Imobiliario ranks better than 96.88% on this metric.

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Suno Multiestrategia Fundo De Investimento Imobiliario's annualized Net Income for the quarter that ended in Dec. 2025 was R$14.29 Mil. Suno Multiestrategia Fundo De Investimento Imobiliario's average total tangible assets for the quarter that ended in Dec. 2025 was R$70.05 Mil. Therefore, Suno Multiestrategia Fundo De Investimento Imobiliario's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 20.40%.

The historical rank and industry rank for Suno Multiestrategia Fundo De Investimento Imobiliario's Return-on-Tangible-Asset or its related term are showing as below:

BSP:SNME11' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.32   Med: 14.36   Max: 20.4
Current: 20.4

During the past 3 years, Suno Multiestrategia Fundo De Investimento Imobiliario's highest Return-on-Tangible-Asset was 20.40%. The lowest was 8.32%. And the median was 14.36%.

BSP:SNME11's Return-on-Tangible-Asset is ranked better than
96.88% of 929 companies
in the REITs industry
Industry Median: 3.27 vs BSP:SNME11: 20.40

Suno Multiestrategia Fundo De Investimento Imobiliario  (BSP:SNME11) 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 company’s 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 company’s 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.


Suno Multiestrategia Fundo De Investimento Imobiliario Return-on-Tangible-Asset Related Terms


Suno Multiestrategia Fundo De Investimento Imobiliario Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Suno Multiestrategia Fundo De Investimento Imobiliario's Return-on-Tangible-Asset can be seen below:

* 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.

Suno Multiestrategia Fundo De Investimento Imobiliario Return-on-Tangible-Asset Chart

Suno Multiestrategia Fundo De Investimento Imobiliario Annual Data
Trend Dec23 Dec24 Dec25
Return-on-Tangible-Asset
0.00 8.32 20.40

Suno Multiestrategia Fundo De Investimento Imobiliario Semi-Annual Data
Dec23 Dec24 Dec25
Return-on-Tangible-Asset 0.00 8.32 20.40

BSP:SNME11 vs VICI, WPC: Return-on-Tangible-Asset Comparison

For the REIT - Diversified subindustry, Suno Multiestrategia Fundo De Investimento Imobiliario's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.


Suno Multiestrategia Fundo De Investimento Imobiliario Return-on-Tangible-Asset vs REITs Industry

For the REITs industry and Real Estate sector, Suno Multiestrategia Fundo De Investimento Imobiliario's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Suno Multiestrategia Fundo De Investimento Imobiliario's Return-on-Tangible-Asset falls into.


BSP:SNME11
8GF Score
Suno Multiestrategia Fundo De Investimento Imobiliario BSP:SNME11
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Suno Multiestrategia Fundo De Investimento Imobiliario Return-on-Tangible-Asset Calculation

Suno Multiestrategia Fundo De Investimento Imobiliario's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=14.294/( (67.821+72.284)/ 2 )
=14.294/70.0525
=20.40 %

Suno Multiestrategia Fundo De Investimento Imobiliario's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Dec. 2024 )(Q: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Dec. 2024 )(Q: Dec. 2025 )
=14.294/( (67.821+72.284)/ 2 )
=14.294/70.0525
=20.40 %

* 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 (Dec. 2025) net income data.

What does a Return-on-Tangible-Asset of 20.40% mean?
Suno Multiestrategia Fundo De Investimento Imobiliario (BSP:SNME11) has a Return-on-Tangible-Asset of 20.40% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Suno Multiestrategia Fundo De Investimento Imobiliario and its competitors. This is 42% above median its historical median of 14.36. Over the past decade, Suno Multiestrategia Fundo De Investimento Imobiliario's Return-on-Tangible-Asset has ranged from 8.32 to 20.40. According to the industry distribution chart, Suno Multiestrategia Fundo De Investimento Imobiliario ranks #29 out of 929 companies in the REITs industry, placing it in the top 3.1%.
Is Suno Multiestrategia Fundo De Investimento Imobiliario's Return-on-Tangible-Asset too high?
Suno Multiestrategia Fundo De Investimento Imobiliario's current Return-on-Tangible-Asset of 20.40% is 42% above median its 10-year median of 14.36. Over the past 10 years, this metric has ranged from a low of 8.32 to a high of 20.40. The REITs industry median Return-on-Tangible-Asset is 3.27. Suno Multiestrategia Fundo De Investimento Imobiliario's value of 20.40% is 523.9% above this industry median. Based on the distribution chart, Suno Multiestrategia Fundo De Investimento Imobiliario ranks #29 out of 929 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Suno Multiestrategia Fundo De Investimento Imobiliario has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Suno Multiestrategia Fundo De Investimento Imobiliario's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Suno Multiestrategia Fundo De Investimento Imobiliario ranks #29 out of 929 companies for Return-on-Tangible-Asset. This places Suno Multiestrategia Fundo De Investimento Imobiliario in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.27. Suno Multiestrategia Fundo De Investimento Imobiliario's value of 20.40% is 523.9% above this benchmark. Historically, Suno Multiestrategia Fundo De Investimento Imobiliario's own Return-on-Tangible-Asset has ranged from 8.32 to 20.40 over the past decade. While the company's 10-year median is 14.36 vs. the industry median of 3.27, Suno Multiestrategia Fundo De Investimento Imobiliario 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 3.27, based on 929 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. Suno Multiestrategia Fundo De Investimento Imobiliario's current Return-on-Tangible-Asset of 20.40% is 523.9% 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 Suno Multiestrategia Fundo De Investimento Imobiliario and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Suno Multiestrategia Fundo De Investimento Imobiliario's current Return-on-Tangible-Asset is 20.40%, which is 42% above median its own 10-year median of 14.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suno Multiestrategia Fundo De Investimento Imobiliario stock overvalued right now?
Suno Multiestrategia Fundo De Investimento Imobiliario (BSP:SNME11) has a current Return-on-Tangible-Asset of 20.40%. The current Return-on-Tangible-Asset is 20.40%, which is 42% above median its 10-year median of 14.36 and 523.9% above the REITs industry median of 3.27. Suno Multiestrategia Fundo De Investimento Imobiliario's overall GF Score™ is 8/100 with 1 warning sign 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 Suno Multiestrategia Fundo De Investimento Imobiliario (BSP:SNME11), the current Return-on-Tangible-Asset is 20.40% 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.

Suno Multiestrategia Fundo De Investimento Imobiliario Business Description

Industry Real EstateREITs
Address Praia de Botafogo, 501 - 5th Floor, Rio de Janeiro, RJ, BRA, CEP: 222500
Suno Multiestrategia Fundo De Investimento Imobiliario is a fund with the objective of investing broadly in the local real estate market . Management navigates through different classes of products and strategies, seeking to navigate different market cycles through a dynamic and bold allocation.
8GF Score

Get the complete analysis for BSP:SNME11

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$9.38
Price