BHG Retail REIT (SGX:BMGU) ROA %: -0.58% (As of Dec. 2025)

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SGX:BMGU BHG Retail REIT SGX:BMGU
34 GF Score
Price S$0.46
GF Value S$0.40
Valuation Modestly Overvalued
! 11 Warning Signs
View Full Analysis

What is BHG Retail REIT ROA %?

BHG Retail REIT SGX:BMGU 34 ROA % is -0.58% as of Dec. 2025. GuruFocus rates SGX:BMGU with a GF Score™ of 34/100 and a GF Value™ of S$0.40 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 933 REITs companies, BHG Retail REIT ranks worse than 81.03% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. BHG Retail REIT's annualized Net Income for the quarter that ended in Dec. 2025 was S$-5.09 Mil. BHG Retail REIT's average Total Assets over the quarter that ended in Dec. 2025 was S$884.54 Mil. Therefore, BHG Retail REIT's annualized ROA % for the quarter that ended in Dec. 2025 was -0.58%.

The historical rank and industry rank for BHG Retail REIT's ROA % or its related term are showing as below:

SGX:BMGU' s ROA % Range Over the Past 10 Years
Min: -0.4   Med: 0.61   Max: 5.25
Current: -0.2

During the past 10 years, BHG Retail REIT's highest ROA % was 5.25%. The lowest was -0.40%. And the median was 0.61%.

SGX:BMGU's ROA % is ranked worse than
81.03% of 933 companies
in the REITs industry
Industry Median: 3.21 vs SGX:BMGU: -0.20

BHG Retail REIT  (SGX:BMGU) 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
=-5.092/884.539
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-5.092 / 54.034)*(54.034 / 884.539)
=Net Margin %*Asset Turnover
=-9.42 %*0.0611
=-0.58 %

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


BHG Retail REIT ROA % Related Terms


BHG Retail REIT ROA % Historical Data

* Premium members only.

The historical data trend for BHG Retail REIT'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.

BHG Retail REIT ROA % Chart

BHG Retail REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 0.61 -0.40 -0.25 -0.20

BHG Retail REIT Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.14 0.22 -0.71 0.16 -0.58

SGX:BMGU vs SPG, O, KIM: ROA % Comparison

For the REIT - Retail subindustry, BHG Retail REIT'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.


BHG Retail REIT ROA % vs REITs Industry

For the REITs industry and Real Estate sector, BHG Retail REIT's ROA % distribution charts can be found below:

* The bar in red indicates where BHG Retail REIT's ROA % falls into.


SGX:BMGU
34GF Score
BHG Retail REIT SGX:BMGU
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BHG Retail REIT ROA % Calculation

BHG Retail REIT'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 )
=-1.818/( (926.633+898.063)/ 2 )
=-1.818/912.348
=-0.20 %

BHG Retail REIT's annualized ROA % for the quarter that ended in Dec. 2025 is calculated as:

ROA %=Net Income (Q: Dec. 2025 )/( (Total Assets (Q: Jun. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=-5.092/( (871.015+898.063)/ 2 )
=-5.092/884.539
=-0.58 %

* 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 two times the semi-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 -0.58% mean?
BHG Retail REIT (SGX:BMGU) has a ROA % of -0.58% 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 BHG Retail REIT and its competitors. According to the industry distribution chart, BHG Retail REIT ranks #756 out of 933 companies in the REITs industry, placing it in the top 81%.
Is BHG Retail REIT's ROA % too high?
BHG Retail REIT's current ROA % is -0.58%. Based on the distribution chart, BHG Retail REIT ranks #756 out of 933 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, BHG Retail REIT has a GF Score™ of 34/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BHG Retail REIT's ROA % compare to SPG and O?
According to the REITs industry distribution chart, BHG Retail REIT ranks #756 out of 933 companies for ROA %. This places BHG Retail REIT in the lower half of its industry. The industry median ROA % is 3.21. 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 3.21, based on 933 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. 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 BHG Retail REIT and its competitors. For the REITs industry, the median ROA % is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BHG Retail REIT's current ROA % is -0.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BHG Retail REIT stock overvalued right now?
Based on GuruFocus' analysis, BHG Retail REIT (SGX:BMGU) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.40, compared to a current price of S$0.46 — trading 15% above its estimated fair value. The current ROA % is -0.58%. BHG Retail REIT's overall GF Score™ is 34/100 with 11 warning signs 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 BHG Retail REIT (SGX:BMGU), the current ROA % is -0.58% 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 BHG Retail REIT (SGX:BMGU) Overvalued in 2026?

Based on GuruFocus' analysis, BHG Retail REIT stock appears to be overvalued. The current stock price of S$0.46 is trading 15% above its estimated GF Value™ of S$0.40. GuruFocus considers BHG Retail REIT to be Modestly Overvalued.

Key valuation signals for SGX:BMGU:

  • ROA %: -0.58%
  • GF Value™: S$0.40 vs. price of S$0.46 (15% above fair value)
  • GF Score™: 34/100 with 11 warning signs

No single metric tells the full story. See the SGX:BMGU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BHG Retail REIT Business Description

Industry Real EstateREITs
Address 12 Marina Boulevard, Level 44, Marina Bay Financial Centre, Tower 3, Singapore, SGP, 018982
BHG Retail REIT invests directly or indirectly, in a diversified portfolio of income-producing real estate that is used for retail purposes. Its portfolio comprises six retail properties, Beijing Wanliu Mall, Chengdu Konggang Mall, Hefei Mengchenglu Mall, Hefei Changjiangxilu, Xining Huayuan Mall and Dalian Jinsanjiao Property.
34GF Score

Get the complete analysis for SGX:BMGU

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

S$0.46
Price
S$0.40
GF Value