QrfLTS:0QIP 75 Return-on-Tangible-Equity is 21.01% as of Dec. 2025, which is 637% above its 10-year median of 2.85. GuruFocus rates LTS:0QIP with a GF Score™ of 75/100 and a GF Value™ of €9.96 (Fairly Valued). The stock has 9 warning signs investors should review. Among 935 REITs companies, Qrf ranks better than 84.17% 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. Qrf's annualized net income for the quarter that ended in Dec. 2025 was €29.46 Mil. Qrf's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €140.21 Mil. Therefore, Qrf's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 21.01%.
The historical rank and industry rank for Qrf's Return-on-Tangible-Equity or its related term are showing as below:
LTS:0QIP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -15.92 Med: 2.85 Max: 13.56
Current: 13.56
During the past 13 years, Qrf's highest Return-on-Tangible-Equity was 13.56%. The lowest was -15.92%. And the median was 2.85%.
LTS:0QIP's Return-on-Tangible-Equity is ranked better than 84.17% of 935
companies
in the REITs industry
Industry Median: 6.23
vs LTS:0QIP: 13.56
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.
Qrf Return-on-Tangible-Equity Related Terms
Qrf Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Qrf'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:0QIP vs SPG, O, KIM: Return-on-Tangible-Equity Comparison
For the REIT - Retail subindustry, Qrf'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.
Qrf Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Qrf's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Qrf'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 21.01% mean?
Qrf (LTS:0QIP) has a Return-on-Tangible-Equity of 21.01% 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 Qrf and its competitors. This is 637% above median its historical median of 2.85. According to the industry distribution chart, Qrf ranks #148 out of 935 companies in the REITs industry, placing it in the top 15.8%.
Is Qrf's Return-on-Tangible-Equity too high?
Qrf's current Return-on-Tangible-Equity of 21.01% is 637% above median its 10-year median of 2.85. The REITs industry median Return-on-Tangible-Equity is 6.23. Qrf's value of 21.01% is 237.2% above this industry median. Based on the distribution chart, Qrf ranks #148 out of 935 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Qrf has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Qrf's Return-on-Tangible-Equity compare to SPG and O?
According to the REITs industry distribution chart, Qrf ranks #148 out of 935 companies for Return-on-Tangible-Equity. This places Qrf in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.23. Qrf's value of 21.01% is 237.2% above this benchmark. While the company's 10-year median is 2.85 vs. the industry median of 6.23, Qrf 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. Qrf's current Return-on-Tangible-Equity of 21.01% is 237.2% 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 Qrf 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. Qrf's current Return-on-Tangible-Equity is 21.01%, which is 637% above median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qrf stock overvalued right now?
Based on GuruFocus' analysis, Qrf (LTS:0QIP) is currently considered Fairly Valued. The stock's GF Value™ is €9.96, compared to a current price of €10.35 — trading 3.9% above its estimated fair value. The current Return-on-Tangible-Equity is 21.01%, which is 637% above median its 10-year median of 2.85 and 237.2% above the REITs industry median of 6.23. Qrf's overall GF Score™ is 75/100 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 Qrf (LTS:0QIP), the current Return-on-Tangible-Equity is 21.01% 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 Qrf (LTS:0QIP) Overvalued in 2026?
Based on GuruFocus' analysis, Qrf stock appears to be overvalued.
The current stock price of €10.35 is trading 3.9% above its estimated GF Value™ of €9.96.
GuruFocus considers Qrf to be Fairly Valued.
Key valuation signals for LTS:0QIP:
Return-on-Tangible-Equity: 21.01% (637% above median its 10-year median of 2.85)
GF Value™: €9.96 vs. price of €10.35 (3.9% above fair value)
Industry Position: 237.2% above the REITs median (#148 of 935)
No single metric tells the full story. See the LTS:0QIP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qrf is a Belgian public regulated real estate company (RREC or BE-REIT) that invests in inner-city real estate in Belgium and the Netherlands. The company focuses on the acquisition, redevelopment, and leasing of commercial real estate focused on retail, leisure, and hospitality. Its segments include Belgium and the Netherlands, of which the majority of the revenue is derived from Belgium.
75GF Score
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