Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII (BSP:RSPD11) Return-on-Tangible-Equity: 10.39% (As of Jun. 2025) — 27% 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:RSPD11 Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII BSP:RSPD11
68 GF Score
Price R$700.00
GF Value R$1,936.41
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Return-on-Tangible-Equity?

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII BSP:RSPD11 68 Return-on-Tangible-Equity is 10.39% as of Jun. 2025, which is 27% above its 10-year median of 8.21. GuruFocus rates BSP:RSPD11 with a GF Score™ of 68/100 and a GF Value™ of R$1,936.41 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 934 REITs companies, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII ranks better than 73.77% 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. Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's annualized net income for the quarter that ended in Jun. 2025 was R$16.69 Mil. Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's average shareholder tangible equity for the quarter that ended in Jun. 2025 was R$160.58 Mil. Therefore, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2025 was 10.39%.

The historical rank and industry rank for Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's Return-on-Tangible-Equity or its related term are showing as below:

BSP:RSPD11' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.32   Med: 8.21   Max: 12.92
Current: 10.39

During the past 7 years, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's highest Return-on-Tangible-Equity was 12.92%. The lowest was -1.32%. And the median was 8.21%.

BSP:RSPD11's Return-on-Tangible-Equity is ranked better than
73.77% of 934 companies
in the REITs industry
Industry Median: 6.225 vs BSP:RSPD11: 10.39

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII  (BSP:RSPD11) 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.


Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Return-on-Tangible-Equity Related Terms


Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII'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.

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Return-on-Tangible-Equity Chart

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Return-on-Tangible-Equity
Get a 7-Day Free Trial -1.32 0.73 10.61 6.03 10.39

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Semi-Annual Data
Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Return-on-Tangible-Equity Get a 7-Day Free Trial -1.32 0.73 10.61 6.03 10.39

BSP:RSPD11 vs VICI, WPC: Return-on-Tangible-Equity Comparison

For the REIT - Diversified subindustry, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII'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.


Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Return-on-Tangible-Equity vs REITs Industry

For the REITs industry and Real Estate sector, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's Return-on-Tangible-Equity falls into.


BSP:RSPD11
68GF Score
Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII BSP:RSPD11
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Return-on-Tangible-Equity Calculation

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jun. 2025 )  (A: Jun. 2024 )(A: Jun. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jun. 2025 )  (A: Jun. 2024 )(A: Jun. 2025 )
=16.691/( (165.081+156.085 )/ 2 )
=16.691/160.583
=10.39 %

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2025 )  (Q: Jun. 2024 )(Q: Jun. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2025 )  (Q: Jun. 2024 )(Q: Jun. 2025 )
=16.691/( (165.081+156.085)/ 2 )
=16.691/160.583
=10.39 %

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

What does a Return-on-Tangible-Equity of 10.39% mean?
Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII (BSP:RSPD11) has a Return-on-Tangible-Equity of 10.39% as of Jun. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII and its competitors. This is 27% above median its historical median of 8.21. According to the industry distribution chart, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII ranks #245 out of 934 companies in the REITs industry, placing it in the top 26.2%.
Is Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's Return-on-Tangible-Equity too high?
Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's current Return-on-Tangible-Equity of 10.39% is 27% above median its 10-year median of 8.21. The REITs industry median Return-on-Tangible-Equity is 6.23. Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's value of 10.39% is 66.9% above this industry median. Based on the distribution chart, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII ranks #245 out of 934 companies in the REITs industry, which is above the industry midpoint. Overall, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII ranks #245 out of 934 companies for Return-on-Tangible-Equity. This puts Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.23. Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's value of 10.39% is 66.9% above this benchmark. While the company's 10-year median is 8.21 vs. the industry median of 6.23, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII 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 934 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. Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's current Return-on-Tangible-Equity of 10.39% is 66.9% 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-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 Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII 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. Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's current Return-on-Tangible-Equity is 10.39%, which is 27% above median its own 10-year median of 8.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII stock overvalued right now?
Based on GuruFocus' analysis, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII (BSP:RSPD11) is currently considered Significantly Undervalued. The stock's GF Value™ is R$1,936.41, compared to a current price of R$700.00 — trading 63.9% below its estimated fair value. The current Return-on-Tangible-Equity is 10.39%, which is 27% above median its 10-year median of 8.21 and 66.9% above the REITs industry median of 6.23. Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's overall GF Score™ is 68/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII (BSP:RSPD11), the current Return-on-Tangible-Equity is 10.39% as of Jun. 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 Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII (BSP:RSPD11) Overvalued in 2026?

Based on GuruFocus' analysis, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII stock appears to be undervalued. The current stock price of R$700.00 is trading 63.9% below its estimated GF Value™ of R$1,936.41. GuruFocus considers Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII to be Significantly Undervalued.

Key valuation signals for BSP:RSPD11:

  • Return-on-Tangible-Equity: 10.39% (27% above median its 10-year median of 8.21)
  • GF Value™: R$1,936.41 vs. price of R$700.00 (63.9% below fair value)
  • GF Score™: 68/100 with 2 warning signs
  • Industry Position: 66.9% above the REITs median (#245 of 934)

No single metric tells the full story. See the BSP:RSPD11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Business Description

Industry Real EstateREITs
Address Rua do Rocio, 350, 14th Floor, Vila Olimpia, Sao Paulo, SP, BRA, 04552-000
Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII is a real estate investment trust. The company invests in real estate assets in form of closed condominium.
68GF Score

Get the complete analysis for BSP:RSPD11

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

R$700.00
Price
R$1,936.41
GF Value