Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II (BSP:CRFF11) ROE %: 19.91% (As of Dec. 2025) — 412% Above 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:CRFF11 Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II BSP:CRFF11
40 GF Score
Price R$66.49
View Full Analysis

What is Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II ROE %?

Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II BSP:CRFF11 +2.89% 40 ROE % is 19.91% as of Dec. 2025, which is 412% above its 10-year median of 3.89. GuruFocus rates BSP:CRFF11 with a GF Score™ of 40/100. Among 932 REITs companies, Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II ranks better than 93.67% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's annualized net income for the quarter that ended in Dec. 2025 was R$11.22 Mil. Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was R$56.38 Mil. Therefore, Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's annualized ROE % for the quarter that ended in Dec. 2025 was 19.91%.

The historical rank and industry rank for Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's ROE % or its related term are showing as below:

BSP:CRFF11' s ROE % Range Over the Past 10 Years
Min: -10.91   Med: 3.89   Max: 19.91
Current: 19.91

During the past 10 years, Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's highest ROE % was 19.91%. The lowest was -10.91%. And the median was 3.89%.

BSP:CRFF11's ROE % is ranked better than
93.67% of 932 companies
in the REITs industry
Industry Median: 6.13 vs BSP:CRFF11: 19.91

Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II  (BSP:CRFF11) 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
=11.224/56.377
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(11.224 / 12.219)*(12.219 / 56.9075)*(56.9075 / 56.377)
=Net Margin %*Asset Turnover*Equity Multiplier
=91.86 %*0.2147*1.0094
=ROA %*Equity Multiplier
=19.72 %*1.0094
=19.91 %

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
=11.224/56.377
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (11.224 / 11.305) * (11.305 / 11.305) * (11.305 / 12.219) * (12.219 / 56.9075) * (56.9075 / 56.377)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9928 * 1 * 92.52 % * 0.2147 * 1.0094
=19.91 %

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.


Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II ROE % Related Terms


Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II ROE % Historical Data

* Premium members only.

The historical data trend for Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II'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.

Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II ROE % Chart

Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II Annual Data
Trend Dec13 Dec14 Dec15 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.17 2.96 16.14 -7.13 19.91

Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II Semi-Annual Data
Dec13 Dec14 Dec15 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.17 2.96 16.14 -7.13 19.91

BSP:CRFF11 vs EQIX, AMT, DLR: ROE % Comparison

For the REIT - Specialty subindustry, Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II'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.


Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II ROE % vs REITs Industry

For the REITs industry and Real Estate sector, Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's ROE % distribution charts can be found below:

* The bar in red indicates where Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's ROE % falls into.


BSP:CRFF11
40GF Score
Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II BSP:CRFF11
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II ROE % Calculation

Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II'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 )
=11.224/( (53.298+59.456)/ 2 )
=11.224/56.377
=19.91 %

Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II'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 )
=11.224/( (53.298+59.456)/ 2 )
=11.224/56.377
=19.91 %

* 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 19.91% mean?
Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II (BSP:CRFF11) has a ROE % of 19.91% 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 Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II and its competitors. This is 412% above median its historical median of 3.89. According to the industry distribution chart, Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II ranks #59 out of 932 companies in the REITs industry, placing it in the top 6.3%.
Is Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's ROE % too high?
Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's current ROE % of 19.91% is 412% above median its 10-year median of 3.89. The REITs industry median ROE % is 6.13. Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's value of 19.91% is 224.8% above this industry median. Based on the distribution chart, Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II ranks #59 out of 932 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's ROE % compare to EQIX and AMT?
According to the REITs industry distribution chart, Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II ranks #59 out of 932 companies for ROE %. This places Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II in the top 6% of its industry — outperforming the majority of peers. The industry median ROE % is 6.13. Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's value of 19.91% is 224.8% above this benchmark. While the company's 10-year median is 3.89 vs. the industry median of 6.13, Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II 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 6.13, based on 932 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. Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's current ROE % of 19.91% is 224.8% 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 Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II and its competitors. For the REITs industry, the median ROE % is 6.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's current ROE % is 19.91%, which is 412% above median its own 10-year median of 3.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II stock overvalued right now?
Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II (BSP:CRFF11) has a current ROE % of 19.91%. The current ROE % is 19.91%, which is 412% above median its 10-year median of 3.89 and 224.8% above the REITs industry median of 6.13. Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's overall GF Score™ is 40/100. 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 Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II (BSP:CRFF11), the current ROE % is 19.91% 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.

Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II Business Description

Industry Real EstateREITs
Address Avenida Paulista, 2300, 11th Floor, Cerqueira Cesar, Sao Paulo, SP, BRA, 01310-300
Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II is a real estate investment fund. Its objective is to carry out real estate investments through the acquisition of assets, with a focus on FII shares, in order to provide shareholders with remuneration for the investment made, through the flow of income generated by the assets and the increase in the value equity of its shares.
40GF Score

Get the complete analysis for BSP:CRFF11

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

R$66.49
Price