Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) Return-on-Tangible-Equity: 11.48% (As of Dec. 2025)— Near Median
BSP:MFII11's Return-on-Tangible-Equity is ranked better than 77.54% of 935
companies
in the REITs industry
Industry Median: 6.23
vs BSP:MFII11: 11.48
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) 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.
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Return-on-Tangible-Equity Related Terms
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Return-on-Tangible-Equity 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.
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Return-on-Tangible-Equity Chart
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Return-on-Tangible-Equity
-1.57
11.04
20.82
6.25
11.48
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Semi-Annual Data
Dec21
Dec22
Dec23
Dec24
Dec25
Return-on-Tangible-Equity
-1.57
11.04
20.82
6.25
11.48
BSP:MFII11 vs VICI, WPC: Return-on-Tangible-Equity 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.
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Return-on-Tangible-Equity 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-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 11.48% mean?
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) has a Return-on-Tangible-Equity of 11.48% 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 Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario and its competitors. This is near median its historical median of 11.04. According to the industry distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #210 out of 935 companies in the REITs industry, placing it in the top 22.5%.
Is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Return-on-Tangible-Equity too high?
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current Return-on-Tangible-Equity of 11.48% is near median its 10-year median of 11.04. The REITs industry median Return-on-Tangible-Equity is 6.23. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's value of 11.48% is 84.3% above this industry median. Based on the distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #210 out of 935 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #210 out of 935 companies for Return-on-Tangible-Equity. This places Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.23. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's value of 11.48% is 84.3% above this benchmark. While the company's 10-year median is 11.04 vs. the industry median of 6.23, Merito Desenvolvimento Imobiliario I FII 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-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. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current Return-on-Tangible-Equity of 11.48% is 84.3% 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-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 Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario 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. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current Return-on-Tangible-Equity is 11.48%, which is near median its own 10-year median of 11.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) is currently considered Significantly Overvalued. The stock's GF Value™ is R$35.02, compared to a current price of R$49.47 — trading 41.3% above its estimated fair value. The current Return-on-Tangible-Equity is 11.48%, which is near median its 10-year median of 11.04 and 84.3% above the REITs industry median of 6.23. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's overall GF Score™ is 42/100 with 5 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 Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11), the current Return-on-Tangible-Equity is 11.48% 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.
Is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) Overvalued in 2026?
Based on GuruFocus' analysis, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario stock appears to be overvalued.
The current stock price of R$49.47 is trading 41.3% above its estimated GF Value™ of R$35.02.
GuruFocus considers Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario to be Significantly Overvalued.
Key valuation signals for BSP:MFII11:
Return-on-Tangible-Equity: 11.48% (near median its 10-year median of 11.04)
GF Value™: R$35.02 vs. price of R$49.47 (41.3% above fair value)
Industry Position: 84.3% above the REITs median (#210 of 935)
No single metric tells the full story. See the BSP:MFII11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Business Description
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario is a real estate investment trust. It is engaged in the acquisition of interests in real estate development projects developed in partnership with developers.
42GF Score
Get the complete analysis for BSP:MFII11
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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