Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada (BSP:SPG211) Return-on-Tangible-Equity: 39.07% (As of Dec. 2025) — Near Median


BSP:SPG211 Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada BSP:SPG211
7 GF Score
Price R$11.94
! 1 Warning Sign
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What is Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Return-on-Tangible-Equity?

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada BSP:SPG211 7 Return-on-Tangible-Equity is 39.07% as of Dec. 2025, which is at its 10-year median of 39.07. GuruFocus rates BSP:SPG211 with a GF Score™ of 7/100. The stock has 1 warning sign investors should review. Among 933 REITs companies, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ranks better than 97.11% 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. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's annualized net income for the quarter that ended in Dec. 2025 was R$18.08 Mil. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's average shareholder tangible equity for the quarter that ended in Dec. 2025 was R$46.27 Mil. Therefore, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 39.07%.

The historical rank and industry rank for Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's Return-on-Tangible-Equity or its related term are showing as below:

BSP:SPG211' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 39.07   Med: 39.07   Max: 39.07
Current: 39.07

During the past 2 years, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's highest Return-on-Tangible-Equity was 39.07%. The lowest was 39.07%. And the median was 39.07%.

BSP:SPG211's Return-on-Tangible-Equity is ranked better than
97.11% of 933 companies
in the REITs industry
Industry Median: 6.26 vs BSP:SPG211: 39.07

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada  (BSP:SPG211) 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.


Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Return-on-Tangible-Equity Related Terms


Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada'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.

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Return-on-Tangible-Equity Chart

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Annual Data
Trend Dec24 Dec25
Return-on-Tangible-Equity
0.00 39.07

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Semi-Annual Data
Dec24 Dec25
Return-on-Tangible-Equity 0.00 39.07

BSP:SPG211 vs VICI, WPC: Return-on-Tangible-Equity Comparison

For the REIT - Diversified subindustry, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada'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.


Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Return-on-Tangible-Equity vs REITs Industry

For the REITs industry and Real Estate sector, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's Return-on-Tangible-Equity falls into.


BSP:SPG211
7GF Score
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada BSP:SPG211
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Return-on-Tangible-Equity Calculation

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada'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 )
=18.076/( (12.401+80.136 )/ 2 )
=18.076/46.2685
=39.07 %

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada'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 )
=18.076/( (12.401+80.136)/ 2 )
=18.076/46.2685
=39.07 %

* 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 39.07% mean?
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada (BSP:SPG211) has a Return-on-Tangible-Equity of 39.07% 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 Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada and its competitors. This is near median its historical median of 39.07. Over the past decade, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's Return-on-Tangible-Equity has ranged from 39.07 to 39.07. According to the industry distribution chart, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ranks #27 out of 933 companies in the REITs industry, placing it in the top 2.9%.
Is Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's Return-on-Tangible-Equity too high?
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's current Return-on-Tangible-Equity of 39.07% is near median its 10-year median of 39.07. Over the past 10 years, this metric has ranged from a low of 39.07 to a high of 39.07. The REITs industry median Return-on-Tangible-Equity is 6.26. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's value of 39.07% is 524.1% above this industry median. Based on the distribution chart, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ranks #27 out of 933 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ranks #27 out of 933 companies for Return-on-Tangible-Equity. This places Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.26. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's value of 39.07% is 524.1% above this benchmark. Historically, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's own Return-on-Tangible-Equity has ranged from 39.07 to 39.07 over the past decade. While the company's 10-year median is 39.07 vs. the industry median of 6.26, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada 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 6.26, based on 933 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. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's current Return-on-Tangible-Equity of 39.07% is 524.1% 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 Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's current Return-on-Tangible-Equity is 39.07%, which is near median its own 10-year median of 39.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada stock overvalued right now?
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada (BSP:SPG211) has a current Return-on-Tangible-Equity of 39.07%. The current Return-on-Tangible-Equity is 39.07%, which is near median its 10-year median of 39.07 and 524.1% above the REITs industry median of 6.26. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's overall GF Score™ is 7/100 with 1 warning sign 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 Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada (BSP:SPG211), the current Return-on-Tangible-Equity is 39.07% 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.

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Business Description

Industry Real EstateREITs
Address Rua Dr. Eduardo de Souza Aranha, No. 153, 4th floor, Itaim Bibi, Sao Paulo, SP, BRA, 4543-120
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada is a real estate investment fund. It is established to carry out the activity of providing services for the management of portfolios of securities and securities (Administrator), within the scope of the primary public offering of the 1st (first) issue of shares of Class Single Class of the Fund, in a single class and series.
7GF Score

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R$11.94
Price