Spgm Fundo De Investimento Imobiliario (BSP:SPGM11) ROA %: 50.66% (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:SPGM11 Spgm Fundo De Investimento Imobiliario BSP:SPGM11
7 GF Score
Price R$13.36
! 1 Warning Sign
View Full Analysis

What is Spgm Fundo De Investimento Imobiliario ROA %?

Spgm Fundo De Investimento Imobiliario BSP:SPGM11 7 ROA % is 50.66% as of Dec. 2025, which is at its 10-year median of 50.66. GuruFocus rates BSP:SPGM11 with a GF Score™ of 7/100. The stock has 1 warning sign investors should review.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Spgm Fundo De Investimento Imobiliario's annualized Net Income for the quarter that ended in Dec. 2025 was R$26.30 Mil. Spgm Fundo De Investimento Imobiliario's average Total Assets over the quarter that ended in Dec. 2025 was R$51.91 Mil. Therefore, Spgm Fundo De Investimento Imobiliario's annualized ROA % for the quarter that ended in Dec. 2025 was 50.66%.

The historical rank and industry rank for Spgm Fundo De Investimento Imobiliario's ROA % or its related term are showing as below:

BSP:SPGM11' s ROA % Range Over the Past 10 Years
Min: 50.66   Med: 50.66   Max: 50.66
Current: 50.66

During the past 2 years, Spgm Fundo De Investimento Imobiliario's highest ROA % was 50.66%. The lowest was 50.66%. And the median was 50.66%.

BSP:SPGM11's ROA % is not ranked
in the REITs industry.
Industry Median: 3.19 vs BSP:SPGM11: 50.66

Spgm Fundo De Investimento Imobiliario  (BSP:SPGM11) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=26.298/51.907
=(Net Income / Revenue)*(Revenue / Total Assets)
=(26.298 / 27.68)*(27.68 / 51.907)
=Net Margin %*Asset Turnover
=95.01 %*0.5333
=50.66 %

Note: The Net Income data used here is one times the annual (Dec. 2025) net income data. The Revenue data used here is one times the annual (Dec. 2025) revenue 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.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Spgm Fundo De Investimento Imobiliario ROA % Related Terms


Spgm Fundo De Investimento Imobiliario ROA % Historical Data

* Premium members only.

The historical data trend for Spgm Fundo De Investimento Imobiliario's ROA % 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.

Spgm Fundo De Investimento Imobiliario ROA % Chart

Spgm Fundo De Investimento Imobiliario Annual Data
Trend Dec24 Dec25
ROA %
0.00 50.66

Spgm Fundo De Investimento Imobiliario Semi-Annual Data
Dec24 Dec25
ROA % 0.00 50.66

BSP:SPGM11 vs EQIX, AMT, DLR: ROA % Comparison

For the REIT - Specialty subindustry, Spgm Fundo De Investimento Imobiliario's ROA %, along with its competitors' market caps and ROA % 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.


Spgm Fundo De Investimento Imobiliario ROA % vs REITs Industry

For the REITs industry and Real Estate sector, Spgm Fundo De Investimento Imobiliario's ROA % distribution charts can be found below:

* The bar in red indicates where Spgm Fundo De Investimento Imobiliario's ROA % falls into.


BSP:SPGM11
7GF Score
Spgm Fundo De Investimento Imobiliario BSP:SPGM11
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spgm Fundo De Investimento Imobiliario ROA % Calculation

Spgm Fundo De Investimento Imobiliario's annualized ROA % for the fiscal year that ended in Dec. 2025 is calculated as:

ROA %=Net Income (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=26.298/( (31.244+72.57)/ 2 )
=26.298/51.907
=50.66 %

Spgm Fundo De Investimento Imobiliario's annualized ROA % for the quarter that ended in Dec. 2025 is calculated as:

ROA %=Net Income (Q: Dec. 2025 )/( (Total Assets (Q: Dec. 2024 )+Total Assets (Q: Dec. 2025 ))/ count )
=26.298/( (31.244+72.57)/ 2 )
=26.298/51.907
=50.66 %

* 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 ROA %, the net income of the last fiscal year and the average total assets 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. ROA % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 50.66% mean?
Spgm Fundo De Investimento Imobiliario (BSP:SPGM11) has a ROA % of 50.66% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Spgm Fundo De Investimento Imobiliario and its competitors. This is near median its historical median of 50.66. Over the past decade, Spgm Fundo De Investimento Imobiliario's ROA % has ranged from 50.66 to 50.66.
Is Spgm Fundo De Investimento Imobiliario's ROA % too high?
Spgm Fundo De Investimento Imobiliario's current ROA % of 50.66% is near median its 10-year median of 50.66. Over the past 10 years, this metric has ranged from a low of 50.66 to a high of 50.66. The REITs industry median ROA % is 3.19. Spgm Fundo De Investimento Imobiliario's value of 50.66% is 1488.1% above this industry median. Overall, Spgm Fundo De Investimento Imobiliario has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Spgm Fundo De Investimento Imobiliario's ROA % compare to EQIX and AMT?
Spgm Fundo De Investimento Imobiliario's ROA % of 50.66% can be compared against companies in the REITs industry. The industry median ROA % is 3.19. Spgm Fundo De Investimento Imobiliario's value of 50.66% is 1488.1% above this benchmark. Historically, Spgm Fundo De Investimento Imobiliario's own ROA % has ranged from 50.66 to 50.66 over the past decade. While the company's 10-year median is 50.66 vs. the industry median of 3.19, Spgm Fundo De Investimento Imobiliario 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.19, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spgm Fundo De Investimento Imobiliario's current ROA % of 50.66% is 1488.1% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Spgm Fundo De Investimento Imobiliario and its competitors. For the REITs industry, the median ROA % is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spgm Fundo De Investimento Imobiliario's current ROA % is 50.66%, which is near median its own 10-year median of 50.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spgm Fundo De Investimento Imobiliario stock overvalued right now?
Spgm Fundo De Investimento Imobiliario (BSP:SPGM11) has a current ROA % of 50.66%. The current ROA % is 50.66%, which is near median its 10-year median of 50.66 and 1488.1% above the REITs industry median of 3.19. Spgm Fundo De Investimento Imobiliario's overall GF Score™ is 7/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Spgm Fundo De Investimento Imobiliario (BSP:SPGM11), the current ROA % is 50.66% 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.

Spgm Fundo De Investimento Imobiliario Business Description

Industry Real EstateREITs
Address Rua Dr. Eduardo de Souza Aranha, 153, 4th floor, Itaim Bibi, Sao Paulo, SP, BRA, 04543120
Spgm Fundo De Investimento Imobiliario operates as a real estate investment fund.
7GF Score

Get the complete analysis for BSP:SPGM11

ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$13.36
Price