Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio (BSP:HDEL11) ROE %: 121.74% (As of Dec. 2025)

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BSP:HDEL11 Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio BSP:HDEL11
24 GF Score
Price R$3.30
! 2 Warning Signs
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What is Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio ROE %?

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio BSP:HDEL11 24 ROE % is 121.74% as of Dec. 2025. GuruFocus rates BSP:HDEL11 with a GF Score™ of 24/100. The stock has 2 warning signs investors should review. Among 929 REITs companies, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio ranks better than 99.03% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's annualized net income for the quarter that ended in Dec. 2025 was R$68.86 Mil. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was R$56.56 Mil. Therefore, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's annualized ROE % for the quarter that ended in Dec. 2025 was 121.74%.

The historical rank and industry rank for Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's ROE % or its related term are showing as below:

BSP:HDEL11' s ROE % Range Over the Past 10 Years
Min: -35   Med: -17.77   Max: 121.74
Current: 121.74

During the past 4 years, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's highest ROE % was 121.74%. The lowest was -35.00%. And the median was -17.77%.

BSP:HDEL11's ROE % is ranked better than
99.03% of 929 companies
in the REITs industry
Industry Median: 6.13 vs BSP:HDEL11: 121.74

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio  (BSP:HDEL11) 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
=68.855/56.561
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(68.855 / 6.523)*(6.523 / 234.586)*(234.586 / 56.561)
=Net Margin %*Asset Turnover*Equity Multiplier
=1055.57 %*0.0278*4.1475
=ROA %*Equity Multiplier
=29.34 %*4.1475
=121.74 %

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
=68.855/56.561
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (68.855 / 68.855) * (68.855 / 3.247) * (3.247 / 6.523) * (6.523 / 234.586) * (234.586 / 56.561)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 21.2057 * 49.78 % * 0.0278 * 4.1475
=121.74 %

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.


Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio ROE % Related Terms


Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio ROE % Historical Data

* Premium members only.

The historical data trend for Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio'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.

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio ROE % Chart

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio Annual Data
Trend Dec22 Dec23 Dec24 Dec25
ROE %
0.00 -17.77 -35.00 121.74

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
ROE % 0.00 -17.77 -35.00 121.74

BSP:HDEL11 vs VICI, WPC: ROE % Comparison

For the REIT - Diversified subindustry, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio'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.


Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio ROE % vs REITs Industry

For the REITs industry and Real Estate sector, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's ROE % distribution charts can be found below:

* The bar in red indicates where Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's ROE % falls into.


BSP:HDEL11
24GF Score
Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio BSP:HDEL11
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio ROE % Calculation

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio'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 )
=68.855/( (34.498+78.624)/ 2 )
=68.855/56.561
=121.74 %

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio'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 )
=68.855/( (34.498+78.624)/ 2 )
=68.855/56.561
=121.74 %

* 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 121.74% mean?
Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio (BSP:HDEL11) has a ROE % of 121.74% 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 Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio and its competitors. According to the industry distribution chart, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio ranks #9 out of 929 companies in the REITs industry, placing it in the top 1%.
Is Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's ROE % too high?
Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's current ROE % is 121.74%. The REITs industry median ROE % is 6.13. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's value of 121.74% is 1886% above this industry median. Based on the distribution chart, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio ranks #9 out of 929 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's ROE % compare to VICI and WPC?
According to the REITs industry distribution chart, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio ranks #9 out of 929 companies for ROE %. This places Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio in the top 1% of its industry — outperforming the majority of peers. The industry median ROE % is 6.13. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's value of 121.74% is 1886% 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 ROE % for a REITs company?
The median ROE % among REITs companies is 6.13, based on 929 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. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's current ROE % of 121.74% is 1886% 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 Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio 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. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's current ROE % is 121.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio stock overvalued right now?
Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio (BSP:HDEL11) has a current ROE % of 121.74%. The current ROE % is 121.74% and 1886% above the REITs industry median of 6.13. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's overall GF Score™ is 24/100 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 Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio (BSP:HDEL11), the current ROE % is 121.74% 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.

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio Business Description

Industry Real EstateREITs
Address Avenida Brigadeiro Faria Lima 3600, 11th Floor, cjto 112 (parte), Sao Paulo, SP, BRA, 4538132
Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio is a closed-end fund. The fund's objective is to provide its shareholders with appreciation and profitability of their shares in the long term, aiming to obtain capital gains through the investment of its assets.
24GF Score

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

R$3.30
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