Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas (BSP:BTRA11) ROE %: 9.77% (As of Dec. 2025) — 38% Above Median

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BSP:BTRA11 Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas BSP:BTRA11
44 GF Score
Price R$65.82
GF Value R$13.40
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas ROE %?

Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas BSP:BTRA11 +1.12% 44 ROE % is 9.77% as of Dec. 2025, which is 38% above its 10-year median of 7.10. GuruFocus rates BSP:BTRA11 with a GF Score™ of 44/100 and a GF Value™ of R$13.40 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 935 REITs companies, Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas ranks better than 72.62% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas's annualized net income for the quarter that ended in Dec. 2025 was R$37.48 Mil. Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was R$383.57 Mil. Therefore, Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas's annualized ROE % for the quarter that ended in Dec. 2025 was 9.77%.

The historical rank and industry rank for Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas's ROE % or its related term are showing as below:

BSP:BTRA11' s ROE % Range Over the Past 10 Years
Min: 2.09   Med: 7.1   Max: 34.29
Current: 9.77

During the past 5 years, Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas's highest ROE % was 34.29%. The lowest was 2.09%. And the median was 7.10%.

BSP:BTRA11's ROE % is ranked better than
72.62% of 935 companies
in the REITs industry
Industry Median: 6.14 vs BSP:BTRA11: 9.77

Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas  (BSP:BTRA11) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=37.484/383.5695
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(37.484 / 6.712)*(6.712 / 414.7895)*(414.7895 / 383.5695)
=Net Margin %*Asset Turnover*Equity Multiplier
=558.46 %*0.0162*1.0814
=ROA %*Equity Multiplier
=9.05 %*1.0814
=9.77 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=37.484/383.5695
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (37.484 / 37.484) * (37.484 / -87.355) * (-87.355 / 6.712) * (6.712 / 414.7895) * (414.7895 / 383.5695)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * -0.4291 * -1301.47 % * 0.0162 * 1.0814
=9.77 %

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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas ROE % Related Terms


Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas ROE % Historical Data

* Premium members only.

The historical data trend for Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas's ROE % 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 BTG Pactual Terras Agricolas ROE % Chart

Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
0.00 34.29 2.09 4.42 9.77

Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
ROE % 0.00 34.29 2.09 4.42 9.77

BSP:BTRA11 vs EQIX, AMT, DLR: ROE % Comparison

For the REIT - Specialty subindustry, Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas's ROE %, along with its competitors' market caps and ROE % 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.


Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas ROE % vs REITs Industry

For the REITs industry and Real Estate sector, Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas's ROE % distribution charts can be found below:

* The bar in red indicates where Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas's ROE % falls into.


BSP:BTRA11
44GF Score
Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas BSP:BTRA11
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas ROE % Calculation

Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=37.484/( (373.175+393.964)/ 2 )
=37.484/383.5695
=9.77 %

Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Dec. 2024 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=37.484/( (373.175+393.964)/ 2 )
=37.484/383.5695
=9.77 %

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

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 9.77% mean?
Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas (BSP:BTRA11) has a ROE % of 9.77% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas and its competitors. This is 38% above median its historical median of 7.10. Over the past decade, Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas' ROE % has ranged from 2.09 to 34.29. According to the industry distribution chart, Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas ranks #256 out of 935 companies in the REITs industry, placing it in the top 27.4%.
Is Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas' ROE % too high?
Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas' current ROE % of 9.77% is 38% above median its 10-year median of 7.10. Over the past 10 years, this metric has ranged from a low of 2.09 to a high of 34.29. The REITs industry median ROE % is 6.14. Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas' value of 9.77% is 59.1% above this industry median. Based on the distribution chart, Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas ranks #256 out of 935 companies in the REITs industry, which is above the industry midpoint. Overall, Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas' ROE % compare to EQIX and AMT?
According to the REITs industry distribution chart, Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas ranks #256 out of 935 companies for ROE %. This puts Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas in the upper half of its industry. The industry median ROE % is 6.14. Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas' value of 9.77% is 59.1% above this benchmark. Historically, Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas' own ROE % has ranged from 2.09 to 34.29 over the past decade. While the company's 10-year median is 7.10 vs. the industry median of 6.14, Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas 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 ROE % for a REITs company?
The median ROE % among REITs companies is 6.14, based on 935 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas's current ROE % of 9.77% is 59.1% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas and its competitors. For the REITs industry, the median ROE % is 6.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas's current ROE % is 9.77%, which is 38% above median its own 10-year median of 7.10. 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 BTG Pactual Terras Agricolas stock overvalued right now?
Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas (BSP:BTRA11) is currently considered Significantly Overvalued. The stock's GF Value™ is R$13.40, compared to a current price of R$65.82 — trading 391.2% above its estimated fair value. The current ROE % is 9.77%, which is 38% above median its 10-year median of 7.10 and 59.1% above the REITs industry median of 6.14. Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas' overall GF Score™ is 44/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas (BSP:BTRA11), the current ROE % is 9.77% 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 BTG Pactual Terras Agricolas (BSP:BTRA11) Overvalued in 2026?

Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas stock appears to be overvalued. The current stock price of R$65.82 is trading 391.2% above its estimated GF Value™ of R$13.40. GuruFocus considers Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas to be Significantly Overvalued.

Key valuation signals for BSP:BTRA11:

  • ROE %: 9.77% (38% above median its 10-year median of 7.10)
  • GF Value™: R$13.40 vs. price of R$65.82 (391.2% above fair value)
  • GF Score™: 44/100 with 6 warning signs
  • Industry Position: 59.1% above the REITs median (#256 of 935)

No single metric tells the full story. See the BSP:BTRA11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas Business Description

Industry Real EstateREITs
Address Praia De Botafogo, 501, 5 Andar, Rio De Janeiro, RN, BRA, 22250040
Fundo DE Investimento Imobiliario BTG Pactual Terras Agricolas aims to acquire productive agricultural land (rural and urban) undergoing transformation (opportunistically) located in the main regions of the Brazilian territory.
44GF Score

Get the complete analysis for BSP:BTRA11

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

R$65.82
Price
R$13.40
GF Value