Fundo Investimento Imobiliario Plus (BSP:VTPL11) Return-on-Tangible-Equity: 21.39% (As of Dec. 2025) — 5248% Above Median


BSP:VTPL11 Fundo Investimento Imobiliario Plus BSP:VTPL11
8 GF Score
Price R$65.90
! 2 Warning Signs
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What is Fundo Investimento Imobiliario Plus Return-on-Tangible-Equity?

Fundo Investimento Imobiliario Plus BSP:VTPL11 8 Return-on-Tangible-Equity is 21.39% as of Dec. 2025, which is 5248% above its 10-year median of 0.40. GuruFocus rates BSP:VTPL11 with a GF Score™ of 8/100. The stock has 2 warning signs investors should review.

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 Investimento Imobiliario Plus's annualized net income for the quarter that ended in Dec. 2025 was R$32.70 Mil. Fundo Investimento Imobiliario Plus's average shareholder tangible equity for the quarter that ended in Dec. 2025 was R$152.92 Mil. Therefore, Fundo Investimento Imobiliario Plus's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 21.39%.

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

BSP:VTPL11' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -19.2   Med: 0.4   Max: 33.04
Current: 21.39

During the past 9 years, Fundo Investimento Imobiliario Plus's highest Return-on-Tangible-Equity was 33.04%. The lowest was -19.20%. And the median was 0.40%.

BSP:VTPL11's Return-on-Tangible-Equity is not ranked
in the REITs industry.
Industry Median: 6.265 vs BSP:VTPL11: 21.39

Fundo Investimento Imobiliario Plus  (BSP:VTPL11) 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 Investimento Imobiliario Plus Return-on-Tangible-Equity Related Terms


Fundo Investimento Imobiliario Plus Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Fundo Investimento Imobiliario Plus'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 Investimento Imobiliario Plus Return-on-Tangible-Equity Chart

Fundo Investimento Imobiliario Plus Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only -10.47 0.40 -6.47 33.04 21.39

Fundo Investimento Imobiliario Plus Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only -10.47 0.40 -6.47 33.04 21.39

BSP:VTPL11 vs : Return-on-Tangible-Equity Comparison

For the REIT - Specialty subindustry, Fundo Investimento Imobiliario Plus'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 Investimento Imobiliario Plus Return-on-Tangible-Equity vs REITs Industry

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

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


BSP:VTPL11
8GF Score
Fundo Investimento Imobiliario Plus BSP:VTPL11
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Fundo Investimento Imobiliario Plus Return-on-Tangible-Equity Calculation

Fundo Investimento Imobiliario Plus'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 )
=32.702/( (139.923+165.91 )/ 2 )
=32.702/152.9165
=21.39 %

Fundo Investimento Imobiliario Plus'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 )
=32.702/( (139.923+165.91)/ 2 )
=32.702/152.9165
=21.39 %

* 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 (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 21.39% mean?
Fundo Investimento Imobiliario Plus (BSP:VTPL11) has a Return-on-Tangible-Equity of 21.39% 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 Investimento Imobiliario Plus and its competitors. This is 5248% above median its historical median of 0.40.
Is Fundo Investimento Imobiliario Plus' Return-on-Tangible-Equity too high?
Fundo Investimento Imobiliario Plus' current Return-on-Tangible-Equity of 21.39% is 5248% above median its 10-year median of 0.40. The REITs industry median Return-on-Tangible-Equity is 6.27. Fundo Investimento Imobiliario Plus' value of 21.39% is 241.4% above this industry median. Overall, Fundo Investimento Imobiliario Plus has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Fundo Investimento Imobiliario Plus' Return-on-Tangible-Equity compare to ?
Fundo Investimento Imobiliario Plus' Return-on-Tangible-Equity of 21.39% can be compared against companies in the REITs industry. The industry median Return-on-Tangible-Equity is 6.27. Fundo Investimento Imobiliario Plus' value of 21.39% is 241.4% above this benchmark. While the company's 10-year median is 0.40 vs. the industry median of 6.27, Fundo Investimento Imobiliario Plus 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 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. Fundo Investimento Imobiliario Plus's current Return-on-Tangible-Equity of 21.39% is 241.4% 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 Investimento Imobiliario Plus 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 Investimento Imobiliario Plus's current Return-on-Tangible-Equity is 21.39%, which is 5248% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo Investimento Imobiliario Plus stock overvalued right now?
Fundo Investimento Imobiliario Plus (BSP:VTPL11) has a current Return-on-Tangible-Equity of 21.39%. The current Return-on-Tangible-Equity is 21.39%, which is 5248% above median its 10-year median of 0.40 and 241.4% above the REITs industry median of 6.27. Fundo Investimento Imobiliario Plus' overall GF Score™ is 8/100 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 Fundo Investimento Imobiliario Plus (BSP:VTPL11), the current Return-on-Tangible-Equity is 21.39% 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 Investimento Imobiliario Plus Business Description

Industry Real EstateREITs
Comparable Companies
Address Praia de Botafogo, 501, 6th Floor- Botafogo, Rio de Janeiro, RJ, BRA, 22250-040
Fundo Investimento Imobiliario Plus operates as a real estate investment fund.
8GF 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.

R$65.90
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