Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons (BSP:TELM11) Return-on-Tangible-Equity: 17.26% (As of Dec. 2025) — Near 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:TELM11 Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons Ltd BSP:TELM11
5 GF Score
Price R$10.09
! 1 Warning Sign
View Full Analysis

What is Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons Return-on-Tangible-Equity?

Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons BSP:TELM11 -0.49% 5 Return-on-Tangible-Equity is 17.26% as of Dec. 2025, which is at its 10-year median of 17.26. GuruFocus rates BSP:TELM11 with a GF Score™ of 5/100. The stock has 1 warning sign investors should review. Among 934 REITs companies, Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons ranks better than 90.69% 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. Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons's annualized net income for the quarter that ended in Dec. 2025 was R$4.48 Mil. Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons's average shareholder tangible equity for the quarter that ended in Dec. 2025 was R$25.93 Mil. Therefore, Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 17.26%.

The historical rank and industry rank for Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons's Return-on-Tangible-Equity or its related term are showing as below:

BSP:TELM11' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 17.26   Med: 17.26   Max: 17.26
Current: 17.26

During the past 2 years, Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons's highest Return-on-Tangible-Equity was 17.26%. The lowest was 17.26%. And the median was 17.26%.

BSP:TELM11's Return-on-Tangible-Equity is ranked better than
90.69% of 934 companies
in the REITs industry
Industry Median: 6.275 vs BSP:TELM11: 17.26

Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons  (BSP:TELM11) 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.


Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons Return-on-Tangible-Equity Related Terms


Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons'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.

Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons Return-on-Tangible-Equity Chart

Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons Annual Data
Trend Dec24 Dec25
Return-on-Tangible-Equity
0.00 17.26

Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons Semi-Annual Data
Dec24 Dec25
Return-on-Tangible-Equity 0.00 17.26

BSP:TELM11 vs VICI, WPC: Return-on-Tangible-Equity Comparison

For the REIT - Diversified subindustry, Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons'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.


Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons Return-on-Tangible-Equity vs REITs Industry

For the REITs industry and Real Estate sector, Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons's Return-on-Tangible-Equity falls into.


BSP:TELM11
5GF Score
Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons Ltd BSP:TELM11
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons Return-on-Tangible-Equity Calculation

Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons'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 )
=4.475/( (20.918+30.944 )/ 2 )
=4.475/25.931
=17.26 %

Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons'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 )
=4.475/( (20.918+30.944)/ 2 )
=4.475/25.931
=17.26 %

* 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 17.26% mean?
Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons (BSP:TELM11) has a Return-on-Tangible-Equity of 17.26% 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 Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons and its competitors. This is near median its historical median of 17.26. Over the past decade, Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons' Return-on-Tangible-Equity has ranged from 17.26 to 17.26. According to the industry distribution chart, Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons ranks #87 out of 934 companies in the REITs industry, placing it in the top 9.3%.
Is Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons' Return-on-Tangible-Equity too high?
Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons' current Return-on-Tangible-Equity of 17.26% is near median its 10-year median of 17.26. Over the past 10 years, this metric has ranged from a low of 17.26 to a high of 17.26. The REITs industry median Return-on-Tangible-Equity is 6.28. Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons' value of 17.26% is 175.1% above this industry median. Based on the distribution chart, Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons ranks #87 out of 934 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons' Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons ranks #87 out of 934 companies for Return-on-Tangible-Equity. This places Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.28. Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons' value of 17.26% is 175.1% above this benchmark. Historically, Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons' own Return-on-Tangible-Equity has ranged from 17.26 to 17.26 over the past decade. While the company's 10-year median is 17.26 vs. the industry median of 6.28, Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons 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 6.28, 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. Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons's current Return-on-Tangible-Equity of 17.26% is 175.1% 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 Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons's current Return-on-Tangible-Equity is 17.26%, which is near median its own 10-year median of 17.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons stock overvalued right now?
Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons (BSP:TELM11) has a current Return-on-Tangible-Equity of 17.26%. The current Return-on-Tangible-Equity is 17.26%, which is near median its 10-year median of 17.26 and 175.1% above the REITs industry median of 6.28. Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons' overall GF Score™ is 5/100 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 Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons (BSP:TELM11), the current Return-on-Tangible-Equity is 17.26% 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.

Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons Business Description

Industry Real EstateREITs
Address Avenue Brigadeiro de Faria Lima, No. 2179, 10th Floor, Sao Paulo, SP, BRA, 01452-001
Tellus Multiestrategia Fii Fundo De Invest Imobiliario Respons Ltd is engaged in obtaining income and capital gains and offer units to its shareholders in the form of investment, and divestment in real estate assets.
5GF Score

Get the complete analysis for BSP:TELM11

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

R$10.09
Price