Fundo De Investimento Imobiliario Athena I (BSP:FATN11) ROC %: 7.64% (As of Dec. 2025)


BSP:FATN11 Fundo De Investimento Imobiliario Athena I BSP:FATN11
67 GF Score
Price R$79.43
GF Value R$73.37
Valuation Fairly Valued
! 4 Warning Signs
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What is Fundo De Investimento Imobiliario Athena I ROC %?

Fundo De Investimento Imobiliario Athena I BSP:FATN11 +0.28% 67 ROC % is 7.64% as of Dec. 2025. GuruFocus rates BSP:FATN11 with a GF Score™ of 67/100 and a GF Value™ of R$73.37 (Fairly Valued). The stock has 4 warning signs investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Fundo De Investimento Imobiliario Athena I's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 7.64%.

As of today (2026-06-28), Fundo De Investimento Imobiliario Athena I's WACC % is 5.30%. Fundo De Investimento Imobiliario Athena I's ROC % is 7.64% (calculated using TTM income statement data). Fundo De Investimento Imobiliario Athena I generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.

Fundo De Investimento Imobiliario Athena I  (BSP:FATN11) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Fundo De Investimento Imobiliario Athena I's WACC % is 5.30%. Fundo De Investimento Imobiliario Athena I's ROC % is 7.64% (calculated using TTM income statement data). Fundo De Investimento Imobiliario Athena I generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of 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.

Fundo De Investimento Imobiliario Athena I ROC % Related Terms

Fundo De Investimento Imobiliario Athena I ROC % Historical Data

* Premium members only.

The historical data trend for Fundo De Investimento Imobiliario Athena I's ROC % 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.

Fundo De Investimento Imobiliario Athena I ROC % Chart

Fundo De Investimento Imobiliario Athena I Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC %
Get a 7-Day Free Trial 7.72 8.91 6.89 7.62 7.64

Fundo De Investimento Imobiliario Athena I Semi-Annual Data
Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC % Get a 7-Day Free Trial 7.72 8.91 6.89 7.62 7.64
BSP:FATN11
67GF Score
Fundo De Investimento Imobiliario Athena I BSP:FATN11
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Fundo De Investimento Imobiliario Athena I ROC % Calculation

Fundo De Investimento Imobiliario Athena I's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=39.832 * ( 1 - 0% )/( (427.131 + 615.761)/ 2 )
=39.832/521.446
=7.64 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=447.25 - 3.567 - ( 24.145 - max(0, 11.675 - 28.227+24.145))
=427.131

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=619.37 - 4.864 - ( 9.176 - max(0, 12.997 - 11.742+9.176))
=615.761

Fundo De Investimento Imobiliario Athena I's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=39.832 * ( 1 - 0% )/( (427.131 + 615.761)/ 2 )
=39.832/521.446
=7.64 %

where

Invested Capital(Q: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=447.25 - 3.567 - ( 24.145 - max(0, 11.675 - 28.227+24.145))
=427.131

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=619.37 - 4.864 - ( 9.176 - max(0, 12.997 - 11.742+9.176))
=615.761

Note: The Operating Income data used here is one times the annual (Dec. 2025) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 7.64% mean?
Fundo De Investimento Imobiliario Athena I (BSP:FATN11) has a ROC % of 7.64% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Fundo De Investimento Imobiliario Athena I and its competitors.
Is Fundo De Investimento Imobiliario Athena I's ROC % too high?
Fundo De Investimento Imobiliario Athena I's current ROC % is 7.64%. The REITs industry median ROC % is 3.74. Fundo De Investimento Imobiliario Athena I's value of 7.64% is 104.3% above this industry median. Overall, Fundo De Investimento Imobiliario Athena I has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fundo De Investimento Imobiliario Athena I's ROC % compare to EQIX and AMT?
Fundo De Investimento Imobiliario Athena I's ROC % of 7.64% can be compared against companies in the REITs industry. The industry median ROC % is 3.74. Fundo De Investimento Imobiliario Athena I's value of 7.64% is 104.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a REITs company?
The median ROC % among REITs companies is 3.74, based on 749 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fundo De Investimento Imobiliario Athena I's current ROC % of 7.64% is 104.3% 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 ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Fundo De Investimento Imobiliario Athena I and its competitors. For the REITs industry, the median ROC % is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo De Investimento Imobiliario Athena I's current ROC % is 7.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo De Investimento Imobiliario Athena I stock overvalued right now?
Based on GuruFocus' analysis, Fundo De Investimento Imobiliario Athena I (BSP:FATN11) is currently considered Fairly Valued. The stock's GF Value™ is R$73.37, compared to a current price of R$79.43 — trading 8.3% above its estimated fair value. The current ROC % is 7.64% and 104.3% above the REITs industry median of 3.74. Fundo De Investimento Imobiliario Athena I's overall GF Score™ is 67/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Fundo De Investimento Imobiliario Athena I (BSP:FATN11), the current ROC % is 7.64% 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 Fundo De Investimento Imobiliario Athena I (BSP:FATN11) Overvalued in 2026?

Based on GuruFocus' analysis, Fundo De Investimento Imobiliario Athena I stock appears to be overvalued. The current stock price of R$79.43 is trading 8.3% above its estimated GF Value™ of R$73.37. GuruFocus considers Fundo De Investimento Imobiliario Athena I to be Fairly Valued.

Key valuation signals for BSP:FATN11:

  • ROC %: 7.64%
  • GF Value™: R$73.37 vs. price of R$79.43 (8.3% above fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 104.3% above the REITs median

No single metric tells the full story. See the BSP:FATN11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fundo De Investimento Imobiliario Athena I Business Description

Industry Real EstateREITs
Address Avenida das Nacoes Unidas, Sao Paulo, BRA, 11857
Fundo De Investimento Imobiliario Athena I is a real estate investment fund focused on acquiring and generating income from leasing of slabs.
67GF Score

Get the complete analysis for BSP:FATN11

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

R$79.43
Price
R$73.37
GF Value