MFC Industrial Investment Freehold and Leasehold REIT (BKK:MII) Return-on-Tangible-Equity: 7.01% (As of Mar. 2026) — Near Median


BKK:MII MFC Industrial Investment Freehold and Leasehold REIT BKK:MII
66 GF Score
Price ฿5.95
GF Value ฿6.21
Valuation Fairly Valued
! 6 Warning Signs
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What is MFC Industrial Investment Freehold and Leasehold REIT Return-on-Tangible-Equity?

MFC Industrial Investment Freehold and Leasehold REIT BKK:MII 66 Return-on-Tangible-Equity is 7.01% as of Mar. 2026, which is 3% below its 10-year median of 7.21. GuruFocus rates BKK:MII with a GF Score™ of 66/100 and a GF Value™ of ฿6.21 (Fairly Valued). The stock has 6 warning signs investors should review. Among 935 REITs companies, MFC Industrial Investment Freehold and Leasehold REIT ranks better than 63.96% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. MFC Industrial Investment Freehold and Leasehold REIT's annualized net income for the quarter that ended in Mar. 2026 was ฿117.5 Mil. MFC Industrial Investment Freehold and Leasehold REIT's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿1,676.6 Mil. Therefore, MFC Industrial Investment Freehold and Leasehold REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 7.01%.

The historical rank and industry rank for MFC Industrial Investment Freehold and Leasehold REIT's Return-on-Tangible-Equity or its related term are showing as below:

BKK:MII' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.57   Med: 7.21   Max: 8.2
Current: 8.19

During the past 13 years, MFC Industrial Investment Freehold and Leasehold REIT's highest Return-on-Tangible-Equity was 8.20%. The lowest was 4.57%. And the median was 7.21%.

BKK:MII's Return-on-Tangible-Equity is ranked better than
63.96% of 935 companies
in the REITs industry
Industry Median: 6.23 vs BKK:MII: 8.19

MFC Industrial Investment Freehold and Leasehold REIT  (BKK:MII) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


MFC Industrial Investment Freehold and Leasehold REIT Return-on-Tangible-Equity Related Terms


MFC Industrial Investment Freehold and Leasehold REIT Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for MFC Industrial Investment Freehold and Leasehold REIT's Return-on-Tangible-Equity 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.

MFC Industrial Investment Freehold and Leasehold REIT Return-on-Tangible-Equity Chart

MFC Industrial Investment Freehold and Leasehold REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.91 7.21 7.86 0.00 8.20

MFC Industrial Investment Freehold and Leasehold REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.91 6.77 11.68 7.31 7.01

BKK:MII vs VICI, WPC, BNL: Return-on-Tangible-Equity Comparison

For the REIT - Diversified subindustry, MFC Industrial Investment Freehold and Leasehold REIT's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.


MFC Industrial Investment Freehold and Leasehold REIT Return-on-Tangible-Equity vs REITs Industry

For the REITs industry and Real Estate sector, MFC Industrial Investment Freehold and Leasehold REIT's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where MFC Industrial Investment Freehold and Leasehold REIT's Return-on-Tangible-Equity falls into.


BKK:MII
66GF Score
MFC Industrial Investment Freehold and Leasehold REIT BKK:MII
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MFC Industrial Investment Freehold and Leasehold REIT Return-on-Tangible-Equity Calculation

MFC Industrial Investment Freehold and Leasehold REIT's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=135.481/( (1628.274+1674.78 )/ 2 )
=135.481/1651.527
=8.20 %

MFC Industrial Investment Freehold and Leasehold REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=117.54/( (1674.78+1678.371)/ 2 )
=117.54/1676.5755
=7.01 %

* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 7.01% mean?
MFC Industrial Investment Freehold and Leasehold REIT (BKK:MII) has a Return-on-Tangible-Equity of 7.01% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on MFC Industrial Investment Freehold and Leasehold REIT and its competitors. This is near median its historical median of 7.21. Over the past decade, MFC Industrial Investment Freehold and Leasehold REIT's Return-on-Tangible-Equity has ranged from 4.57 to 8.20. According to the industry distribution chart, MFC Industrial Investment Freehold and Leasehold REIT ranks #337 out of 935 companies in the REITs industry, placing it in the top 36%.
Is MFC Industrial Investment Freehold and Leasehold REIT's Return-on-Tangible-Equity too high?
MFC Industrial Investment Freehold and Leasehold REIT's current Return-on-Tangible-Equity of 7.01% is near median its 10-year median of 7.21. Over the past 10 years, this metric has ranged from a low of 4.57 to a high of 8.20. The REITs industry median Return-on-Tangible-Equity is 6.23. MFC Industrial Investment Freehold and Leasehold REIT's value of 7.01% is 12.5% above this industry median. Based on the distribution chart, MFC Industrial Investment Freehold and Leasehold REIT ranks #337 out of 935 companies in the REITs industry, which is above the industry midpoint. Overall, MFC Industrial Investment Freehold and Leasehold REIT has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MFC Industrial Investment Freehold and Leasehold REIT's Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, MFC Industrial Investment Freehold and Leasehold REIT ranks #337 out of 935 companies for Return-on-Tangible-Equity. This puts MFC Industrial Investment Freehold and Leasehold REIT in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.23. MFC Industrial Investment Freehold and Leasehold REIT's value of 7.01% is 12.5% above this benchmark. Historically, MFC Industrial Investment Freehold and Leasehold REIT's own Return-on-Tangible-Equity has ranged from 4.57 to 8.20 over the past decade. While the company's 10-year median is 7.21 vs. the industry median of 6.23, MFC Industrial Investment Freehold and Leasehold REIT 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-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.23, based on 935 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MFC Industrial Investment Freehold and Leasehold REIT's current Return-on-Tangible-Equity of 7.01% is 12.5% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on MFC Industrial Investment Freehold and Leasehold REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MFC Industrial Investment Freehold and Leasehold REIT's current Return-on-Tangible-Equity is 7.01%, which is near median its own 10-year median of 7.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MFC Industrial Investment Freehold and Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, MFC Industrial Investment Freehold and Leasehold REIT (BKK:MII) is currently considered Fairly Valued. The stock's GF Value™ is ฿6.21, compared to a current price of ฿5.95 — trading 4.2% below its estimated fair value. The current Return-on-Tangible-Equity is 7.01%, which is near median its 10-year median of 7.21 and 12.5% above the REITs industry median of 6.23. MFC Industrial Investment Freehold and Leasehold REIT's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For MFC Industrial Investment Freehold and Leasehold REIT (BKK:MII), the current Return-on-Tangible-Equity is 7.01% as of Mar. 2026. 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 MFC Industrial Investment Freehold and Leasehold REIT (BKK:MII) Overvalued in 2026?

Based on GuruFocus' analysis, MFC Industrial Investment Freehold and Leasehold REIT stock appears to be undervalued. The current stock price of ฿5.95 is trading 4.2% below its estimated GF Value™ of ฿6.21. GuruFocus considers MFC Industrial Investment Freehold and Leasehold REIT to be Fairly Valued.

Key valuation signals for BKK:MII:

  • Return-on-Tangible-Equity: 7.01% (near median its 10-year median of 7.21)
  • GF Value™: ฿6.21 vs. price of ฿5.95 (4.2% below fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 12.5% above the REITs median (#337 of 935)

No single metric tells the full story. See the BKK:MII stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MFC Industrial Investment Freehold and Leasehold REIT Business Description

Industry Real EstateREITs
Other Exchanges MII-F:Thailand
Address Wireless Road, 195 One Bangkok Tower 4, 16th-17th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330
MFC Industrial Investment Freehold and Leasehold REIT is a close-ended property fund with no maturity date. Its objective of supporting the conversion from a Fund and to raise funds to invest in real estate or accept the transfer of leasehold rights to real estate, sub-leasehold rights to real estate, including movable properties and equipment related to operations and to generate benefits from real estate. The Trust has operated under one geographical activity for segment information which is the rental of properties in Thailand.
66GF Score

Get the complete analysis for BKK:MII

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

฿5.95
Price
฿6.21
GF Value