Retail EstatesLTS:0FSO 71 Return-on-Tangible-Equity is 12.22% as of Mar. 2026, which is 29% above its 10-year median of 9.44. GuruFocus rates LTS:0FSO with a GF Score™ of 71/100 and a GF Value™ of €65.12 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 935 REITs companies, Retail Estates ranks better than 72.51% 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. Retail Estates's annualized net income for the quarter that ended in Mar. 2026 was €151.6 Mil. Retail Estates's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €1,240.5 Mil. Therefore, Retail Estates's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.22%.
The historical rank and industry rank for Retail Estates's Return-on-Tangible-Equity or its related term are showing as below:
LTS:0FSO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.66 Med: 9.44 Max: 17.99
Current: 9.99
During the past 13 years, Retail Estates's highest Return-on-Tangible-Equity was 17.99%. The lowest was 7.66%. And the median was 9.44%.
LTS:0FSO's Return-on-Tangible-Equity is ranked better than 72.51% of 935
companies
in the REITs industry
Industry Median: 6.23
vs LTS:0FSO: 9.99
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.
Retail Estates Return-on-Tangible-Equity Related Terms
Retail Estates Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Retail Estates'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.
LTS:0FSO vs SPG, O, KIM: Return-on-Tangible-Equity Comparison
For the REIT - Retail subindustry, Retail Estates'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.
Retail Estates Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Retail Estates's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Retail Estates'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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.22% mean?
Retail Estates (LTS:0FSO) has a Return-on-Tangible-Equity of 12.22% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Retail Estates and its competitors. This is 29% above median its historical median of 9.44. Over the past decade, Retail Estates' Return-on-Tangible-Equity has ranged from 7.66 to 17.99. According to the industry distribution chart, Retail Estates ranks #257 out of 935 companies in the REITs industry, placing it in the top 27.5%.
Is Retail Estates' Return-on-Tangible-Equity too high?
Retail Estates' current Return-on-Tangible-Equity of 12.22% is 29% above median its 10-year median of 9.44. Over the past 10 years, this metric has ranged from a low of 7.66 to a high of 17.99. The REITs industry median Return-on-Tangible-Equity is 6.23. Retail Estates' value of 12.22% is 96.1% above this industry median. Based on the distribution chart, Retail Estates ranks #257 out of 935 companies in the REITs industry, which is above the industry midpoint. Overall, Retail Estates has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Retail Estates' Return-on-Tangible-Equity compare to SPG and O?
According to the REITs industry distribution chart, Retail Estates ranks #257 out of 935 companies for Return-on-Tangible-Equity. This puts Retail Estates in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.23. Retail Estates' value of 12.22% is 96.1% above this benchmark. Historically, Retail Estates' own Return-on-Tangible-Equity has ranged from 7.66 to 17.99 over the past decade. While the company's 10-year median is 9.44 vs. the industry median of 6.23, Retail Estates 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 935 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. Retail Estates's current Return-on-Tangible-Equity of 12.22% is 96.1% 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 Retail Estates 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. Retail Estates's current Return-on-Tangible-Equity is 12.22%, which is 29% above median its own 10-year median of 9.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Retail Estates stock overvalued right now?
Based on GuruFocus' analysis, Retail Estates (LTS:0FSO) is currently considered Modestly Overvalued. The stock's GF Value™ is €65.12, compared to a current price of €72.10 — trading 10.7% above its estimated fair value. The current Return-on-Tangible-Equity is 12.22%, which is 29% above median its 10-year median of 9.44 and 96.1% above the REITs industry median of 6.23. Retail Estates' overall GF Score™ is 71/100 with 9 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 Retail Estates (LTS:0FSO), the current Return-on-Tangible-Equity is 12.22% as of Mar. 2026. 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 Retail Estates (LTS:0FSO) Overvalued in 2026?
Based on GuruFocus' analysis, Retail Estates stock appears to be overvalued.
The current stock price of €72.10 is trading 10.7% above its estimated GF Value™ of €65.12.
GuruFocus considers Retail Estates to be Modestly Overvalued.
Key valuation signals for LTS:0FSO:
Return-on-Tangible-Equity: 12.22% (29% above median its 10-year median of 9.44)
GF Value™: €65.12 vs. price of €72.10 (10.7% above fair value)
Industry Position: 96.1% above the REITs median (#257 of 935)
No single metric tells the full story. See the LTS:0FSO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Retail Estates SA is a real estate investment trust that invests mainly in retail properties. It is a niche player specialised in making out-of town retail properties located on the periphery of residential areas or along main access roads to urban centres available to users. It has distinguished between two geographical segments: Belgium and the Netherlands. The majority of revenue comes from Belgium.
71GF Score
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