Fundo Investimento Imobiliario Plus (BSP:VTPL11) Return-on-Tangible-Asset: 19.02% (As of Dec. 2025) — 4655% Above Median


BSP:VTPL11 Fundo Investimento Imobiliario Plus BSP:VTPL11
8 GF Score
Price R$65.90
! 2 Warning Signs
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What is Fundo Investimento Imobiliario Plus Return-on-Tangible-Asset?

Fundo Investimento Imobiliario Plus BSP:VTPL11 8 Return-on-Tangible-Asset is 19.02% as of Dec. 2025, which is 4655% above its 10-year median of 0.40. GuruFocus rates BSP:VTPL11 with a GF Score™ of 8/100. The stock has 2 warning signs investors should review.

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. Fundo Investimento Imobiliario Plus's annualized Net Income for the quarter that ended in Dec. 2025 was R$32.70 Mil. Fundo Investimento Imobiliario Plus's average total tangible assets for the quarter that ended in Dec. 2025 was R$171.96 Mil. Therefore, Fundo Investimento Imobiliario Plus's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 19.02%.

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

BSP:VTPL11' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -18.96   Med: 0.4   Max: 30.39
Current: 19.02

During the past 9 years, Fundo Investimento Imobiliario Plus's highest Return-on-Tangible-Asset was 30.39%. The lowest was -18.96%. And the median was 0.40%.

BSP:VTPL11's Return-on-Tangible-Asset is not ranked
in the REITs industry.
Industry Median: 3.25 vs BSP:VTPL11: 19.02

Fundo Investimento Imobiliario Plus  (BSP:VTPL11) 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.


Fundo Investimento Imobiliario Plus Return-on-Tangible-Asset Related Terms


Fundo Investimento Imobiliario Plus Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Fundo Investimento Imobiliario Plus'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.

Fundo Investimento Imobiliario Plus Return-on-Tangible-Asset Chart

Fundo Investimento Imobiliario Plus Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only -10.47 0.40 -6.47 30.39 19.02

Fundo Investimento Imobiliario Plus Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only -10.47 0.40 -6.47 30.39 19.02

BSP:VTPL11 vs : Return-on-Tangible-Asset Comparison

For the REIT - Specialty subindustry, Fundo Investimento Imobiliario Plus'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.


Fundo Investimento Imobiliario Plus Return-on-Tangible-Asset vs REITs Industry

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

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


BSP:VTPL11
8GF Score
Fundo Investimento Imobiliario Plus BSP:VTPL11
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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Fundo Investimento Imobiliario Plus Return-on-Tangible-Asset Calculation

Fundo Investimento Imobiliario Plus'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 )
=32.702/( (160.799+183.125)/ 2 )
=32.702/171.962
=19.02 %

Fundo Investimento Imobiliario Plus'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 )
=32.702/( (160.799+183.125)/ 2 )
=32.702/171.962
=19.02 %

* 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 19.02% mean?
Fundo Investimento Imobiliario Plus (BSP:VTPL11) has a Return-on-Tangible-Asset of 19.02% 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 Fundo Investimento Imobiliario Plus and its competitors. This is 4655% above median its historical median of 0.40.
Is Fundo Investimento Imobiliario Plus' Return-on-Tangible-Asset too high?
Fundo Investimento Imobiliario Plus' current Return-on-Tangible-Asset of 19.02% is 4655% above median its 10-year median of 0.40. The REITs industry median Return-on-Tangible-Asset is 3.25. Fundo Investimento Imobiliario Plus' value of 19.02% is 485.2% above this industry median. Overall, Fundo Investimento Imobiliario Plus has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Fundo Investimento Imobiliario Plus' Return-on-Tangible-Asset compare to ?
Fundo Investimento Imobiliario Plus' Return-on-Tangible-Asset of 19.02% can be compared against companies in the REITs industry. The industry median Return-on-Tangible-Asset is 3.25. Fundo Investimento Imobiliario Plus' value of 19.02% is 485.2% above this benchmark. While the company's 10-year median is 0.40 vs. the industry median of 3.25, Fundo Investimento Imobiliario Plus 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 3.25, based on 936 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 Investimento Imobiliario Plus's current Return-on-Tangible-Asset of 19.02% is 485.2% 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 Investimento Imobiliario Plus and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo Investimento Imobiliario Plus's current Return-on-Tangible-Asset is 19.02%, which is 4655% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo Investimento Imobiliario Plus stock overvalued right now?
Fundo Investimento Imobiliario Plus (BSP:VTPL11) has a current Return-on-Tangible-Asset of 19.02%. The current Return-on-Tangible-Asset is 19.02%, which is 4655% above median its 10-year median of 0.40 and 485.2% above the REITs industry median of 3.25. Fundo Investimento Imobiliario Plus' overall GF Score™ is 8/100 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 Investimento Imobiliario Plus (BSP:VTPL11), the current Return-on-Tangible-Asset is 19.02% 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.

Fundo Investimento Imobiliario Plus Business Description

Industry Real EstateREITs
Comparable Companies
Address Praia de Botafogo, 501, 6th Floor- Botafogo, Rio de Janeiro, RJ, BRA, 22250-040
Fundo Investimento Imobiliario Plus operates as a real estate investment fund.
8GF Score

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

R$65.90
Price