General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII (BSP:GSFI11) ROE %: -2.60% (As of Dec. 2025)


BSP:GSFI11 General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII BSP:GSFI11
34 GF Score
Price R$11.16
! 2 Warning Signs
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What is General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII ROE %?

General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII BSP:GSFI11 -0.27% 34 ROE % is -2.60% as of Dec. 2025. GuruFocus rates BSP:GSFI11 with a GF Score™ of 34/100. The stock has 2 warning signs investors should review. Among 935 REITs companies, General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII ranks worse than 85.13% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII's annualized net income for the quarter that ended in Dec. 2025 was R$-31.77 Mil. General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was R$1,222.51 Mil. Therefore, General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII's annualized ROE % for the quarter that ended in Dec. 2025 was -2.60%.

The historical rank and industry rank for General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII's ROE % or its related term are showing as below:

BSP:GSFI11' s ROE % Range Over the Past 10 Years
Min: -2.96   Med: -1.38   Max: 5.32
Current: -2.6

During the past 5 years, General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII's highest ROE % was 5.32%. The lowest was -2.96%. And the median was -1.38%.

BSP:GSFI11's ROE % is ranked worse than
85.13% of 935 companies
in the REITs industry
Industry Median: 6.12 vs BSP:GSFI11: -2.60

General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII  (BSP:GSFI11) 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
=-31.766/1222.51
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-31.766 / -16.932)*(-16.932 / 1865.72)*(1865.72 / 1222.51)
=Net Margin %*Asset Turnover*Equity Multiplier
=187.61 %*-0.0091*1.5261
=ROA %*Equity Multiplier
=-1.71 %*1.5261
=-2.60 %

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
=-31.766/1222.51
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-31.766 / -31.766) * (-31.766 / -16.932) * (-16.932 / 1865.72) * (1865.72 / 1222.51)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 187.61 % * -0.0091 * 1.5261
=-2.60 %

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.

General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII ROE % Related Terms

General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII ROE % Historical Data

* Premium members only.

The historical data trend for General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII'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.

General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII ROE % Chart

General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
-2.96 5.32 2.08 -1.38 -2.60

General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
ROE % -2.96 5.32 2.08 -1.38 -2.60

BSP:GSFI11 vs SPG, O, KIM: ROE % Comparison

For the REIT - Retail subindustry, General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII'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.

General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII ROE % vs REITs Industry

For the REITs industry and Real Estate sector, General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII's ROE % distribution charts can be found below:

* The bar in red indicates where General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII's ROE % falls into.


BSP:GSFI11
34GF Score
General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII BSP:GSFI11
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII ROE % Calculation

General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII'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 )
=-31.766/( (1238.393+1206.627)/ 2 )
=-31.766/1222.51
=-2.60 %

General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII'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 )
=-31.766/( (1238.393+1206.627)/ 2 )
=-31.766/1222.51
=-2.60 %

* 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 -2.60% mean?
General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII (BSP:GSFI11) has a ROE % of -2.60% 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 General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII and its competitors. According to the industry distribution chart, General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII ranks #796 out of 935 companies in the REITs industry, placing it in the top 85.1%.
Is General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII's ROE % too high?
General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII's current ROE % is -2.60%. Based on the distribution chart, General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII ranks #796 out of 935 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII's ROE % compare to SPG and O?
According to the REITs industry distribution chart, General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII ranks #796 out of 935 companies for ROE %. This places General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII in the lower half of its industry. The industry median ROE % is 6.12. 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 6.12, 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. 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 General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII and its competitors. For the REITs industry, the median ROE % is 6.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII's current ROE % is -2.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII stock overvalued right now?
General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII (BSP:GSFI11) has a current ROE % of -2.60%. The current ROE % is -2.60%. General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII's overall GF Score™ is 34/100 with 2 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 General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII (BSP:GSFI11), the current ROE % is -2.60% 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.

General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII Business Description

Industry Real EstateREITs
Address Avenida Brigadeiro Faria Lima 3732, 11 e 12 Andares, Parte C, Itaim Bibi, Sao Paulo, SP, BRA, 4538132
General Shopping E Outlets Do Brasil Fundo DE Inv Imob - FII is a real Estate Investment Fund. The fund's objective is to generate income through the commercial operation of the shopping centers and outlets that make up its portfolio, as well as to obtain capital gains through the purchase and sale of these assets. The fund invests in completed properties; and also participate in investments in greenfield shopping center and outlet projects.
34GF Score

Get the complete analysis for BSP:GSFI11

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

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