First Real Estate Investment TrustFESNF 43 Return-on-Tangible-Equity is 1.74% as of Dec. 2025, which is 69% below its 10-year median of 5.68. GuruFocus rates FESNF with a GF Score™ of 43/100 and a GF Value™ of $0.22 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 937 REITs companies, First Real Estate Investment Trust ranks worse than 60.83% on this metric.
The historical rank and industry rank for First Real Estate Investment Trust's Return-on-Tangible-Equity or its related term are showing as below:
FESNF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -53.41 Med: 5.68 Max: 11.31
Current: 4.86
During the past 13 years, First Real Estate Investment Trust's highest Return-on-Tangible-Equity was 11.31%. The lowest was -53.41%. And the median was 5.68%.
FESNF's Return-on-Tangible-Equity is ranked worse than 60.83% of 937
companies
in the REITs industry
Industry Median: 6.27
vs FESNF: 4.86
First Real Estate Investment Trust (OTCPK:FESNF) 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.
First Real Estate Investment Trust Return-on-Tangible-Equity Related Terms
First Real Estate Investment Trust 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.
First Real Estate Investment Trust Return-on-Tangible-Equity Chart
FESNF vs WELL, VTR, DOC: Return-on-Tangible-Equity Comparison
For the REIT - Healthcare Facilities subindustry, First Real Estate Investment Trust'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.
First Real Estate Investment Trust Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, First Real Estate Investment Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where First Real Estate Investment Trust's Return-on-Tangible-Equity falls into.
* 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 two times the semi-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 1.74% mean?
First Real Estate Investment Trust (FESNF) has a Return-on-Tangible-Equity of 1.74% 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 First Real Estate Investment Trust and its competitors. This is 69% below median its historical median of 5.68. According to the industry distribution chart, First Real Estate Investment Trust ranks #570 out of 937 companies in the REITs industry, placing it in the top 60.8%.
Is First Real Estate Investment Trust's Return-on-Tangible-Equity too high?
First Real Estate Investment Trust's current Return-on-Tangible-Equity of 1.74% is 69% below median its 10-year median of 5.68. The REITs industry median Return-on-Tangible-Equity is 6.27. First Real Estate Investment Trust's value of 1.74% is 72.2% below this industry median. Based on the distribution chart, First Real Estate Investment Trust ranks #570 out of 937 companies in the REITs industry, which is below the industry midpoint. Overall, First Real Estate Investment Trust has a GF Score™ of 43/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Real Estate Investment Trust's Return-on-Tangible-Equity compare to WELL and VTR?
According to the REITs industry distribution chart, First Real Estate Investment Trust ranks #570 out of 937 companies for Return-on-Tangible-Equity. This places First Real Estate Investment Trust in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.27. First Real Estate Investment Trust's value of 1.74% is 72.2% below this benchmark. While the company's 10-year median is 5.68 vs. the industry median of 6.27, First Real Estate Investment Trust has consistently been below 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 937 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. First Real Estate Investment Trust's current Return-on-Tangible-Equity of 1.74% is 72.2% below 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 First Real Estate Investment Trust 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. First Real Estate Investment Trust's current Return-on-Tangible-Equity is 1.74%, which is 69% below median its own 10-year median of 5.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, First Real Estate Investment Trust (FESNF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.22, compared to a current price of $0.19 — trading 13.6% below its estimated fair value. The current Return-on-Tangible-Equity is 1.74%, which is 69% below median its 10-year median of 5.68 and 72.2% below the REITs industry median of 6.27. First Real Estate Investment Trust's overall GF Score™ is 43/100 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 First Real Estate Investment Trust (FESNF), the current Return-on-Tangible-Equity is 1.74% 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 First Real Estate Investment Trust (FESNF) Overvalued in 2026?
Based on GuruFocus' analysis, First Real Estate Investment Trust stock appears to be undervalued.
The current stock price of $0.19 is trading 13.6% below its estimated GF Value™ of $0.22.
GuruFocus considers First Real Estate Investment Trust to be Modestly Undervalued.
Key valuation signals for FESNF:
Return-on-Tangible-Equity: 1.74% (69% below median its 10-year median of 5.68)
GF Value™: $0.22 vs. price of $0.19 (13.6% below fair value)
Industry Position: 72.2% below the REITs median (#570 of 937)
No single metric tells the full story. See the FESNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Real Estate Investment Trust Business Description
First Real Estate Investment Trust is a healthcare real estate investment trust focused on investing in diverse yield-accretive healthcare and healthcare-related real estate assets within and outside of Asia. The Trust has a portfolio of 32 properties across Asia. These include 15 properties in Indonesia comprising 11 hospitals, two integrated hospitals & malls, one integrated hospital & hotel, and one hotel & country club; three nursing homes in Singapore; and 14 nursing homes in Japan.
43GF Score
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