Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios (BSP:DVFF11) Return-on-Tangible-Equity: 18.55% (As of Dec. 2025) — 162% Above Median

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BSP:DVFF11 Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios BSP:DVFF11
35 GF Score
Price R$5.15
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What is Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios Return-on-Tangible-Equity?

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios BSP:DVFF11 -2.46% 35 Return-on-Tangible-Equity is 18.55% as of Dec. 2025, which is 162% above its 10-year median of 7.08. GuruFocus rates BSP:DVFF11 with a GF Score™ of 35/100. Among 928 REITs companies, Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios ranks better than 91.7% 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. Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's annualized net income for the quarter that ended in Dec. 2025 was R$17.06 Mil. Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's average shareholder tangible equity for the quarter that ended in Dec. 2025 was R$91.92 Mil. Therefore, Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 18.55%.

The historical rank and industry rank for Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's Return-on-Tangible-Equity or its related term are showing as below:

BSP:DVFF11' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.53   Med: 7.08   Max: 18.55
Current: 18.55

During the past 5 years, Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's highest Return-on-Tangible-Equity was 18.55%. The lowest was -6.53%. And the median was 7.08%.

BSP:DVFF11's Return-on-Tangible-Equity is ranked better than
91.7% of 928 companies
in the REITs industry
Industry Median: 6.265 vs BSP:DVFF11: 18.55

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios  (BSP:DVFF11) 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.


Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios Return-on-Tangible-Equity Related Terms


Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios'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.

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios Return-on-Tangible-Equity Chart

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
2.00 7.08 12.51 -6.53 18.55

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity 2.00 7.08 12.51 -6.53 18.55

BSP:DVFF11 vs VICI, WPC: Return-on-Tangible-Equity Comparison

For the REIT - Diversified subindustry, Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios'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.


Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios Return-on-Tangible-Equity vs REITs Industry

For the REITs industry and Real Estate sector, Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's Return-on-Tangible-Equity falls into.


BSP:DVFF11
35GF Score
Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios BSP:DVFF11
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios Return-on-Tangible-Equity Calculation

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios'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 )
=17.056/( (87.717+96.131 )/ 2 )
=17.056/91.924
=18.55 %

Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2025 )  (Q: Dec. 2024 )(Q: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Dec. 2024 )(Q: Dec. 2025 )
=17.056/( (87.717+96.131)/ 2 )
=17.056/91.924
=18.55 %

* 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 one times the annual (Dec. 2025) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 18.55% mean?
Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios (BSP:DVFF11) has a Return-on-Tangible-Equity of 18.55% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios and its competitors. This is 162% above median its historical median of 7.08. According to the industry distribution chart, Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios ranks #77 out of 928 companies in the REITs industry, placing it in the top 8.3%.
Is Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios' Return-on-Tangible-Equity too high?
Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios' current Return-on-Tangible-Equity of 18.55% is 162% above median its 10-year median of 7.08. The REITs industry median Return-on-Tangible-Equity is 6.27. Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios' value of 18.55% is 196.1% above this industry median. Based on the distribution chart, Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios ranks #77 out of 928 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios' Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios ranks #77 out of 928 companies for Return-on-Tangible-Equity. This places Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.27. Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios' value of 18.55% is 196.1% above this benchmark. While the company's 10-year median is 7.08 vs. the industry median of 6.27, Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios 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 6.27, based on 928 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. Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's current Return-on-Tangible-Equity of 18.55% is 196.1% 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 Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios's current Return-on-Tangible-Equity is 18.55%, which is 162% above median its own 10-year median of 7.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios stock overvalued right now?
Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios (BSP:DVFF11) has a current Return-on-Tangible-Equity of 18.55%. The current Return-on-Tangible-Equity is 18.55%, which is 162% above median its 10-year median of 7.08 and 196.1% above the REITs industry median of 6.27. Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios' overall GF Score™ is 35/100. 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 Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios (BSP:DVFF11), the current Return-on-Tangible-Equity is 18.55% 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 DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios Business Description

Industry Real EstateREITs
Address Rua Fidencio Ramos, 195 - Cj 44, Vila Olimpia, Sao Paulo, SP, BRA, CEP 04551-010
Fundo DE Investimento Imobiliario-Devant Fundo DE Fundos Imobiliarios is an independent manager specialized in the management of private credit assets, mainly structured credit and real estate.
35GF Score

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

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