Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) ROE %: 4.33% (As of Dec. 2025) — 58% Below Median


BSP:PMLL11 Patria Malls Fundo de Investimento Imobiliario Responsabilidade Ltd BSP:PMLL11
79 GF Score
Price R$106.14
GF Value R$125.47
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Patria Malls Fundo de Investimento Imobiliario Responsabilidade ROE %?

Patria Malls Fundo de Investimento Imobiliario Responsabilidade BSP:PMLL11 +1.27% 79 ROE % is 4.33% as of Dec. 2025, which is 58% below its 10-year median of 10.28. GuruFocus rates BSP:PMLL11 with a GF Score™ of 79/100 and a GF Value™ of R$125.47 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 935 REITs companies, Patria Malls Fundo de Investimento Imobiliario Responsabilidade ranks worse than 62.67% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's annualized net income for the quarter that ended in Dec. 2025 was R$70.0 Mil. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was R$1,616.8 Mil. Therefore, Patria Malls Fundo de Investimento Imobiliario Responsabilidade's annualized ROE % for the quarter that ended in Dec. 2025 was 4.33%.

The historical rank and industry rank for Patria Malls Fundo de Investimento Imobiliario Responsabilidade's ROE % or its related term are showing as below:

BSP:PMLL11' s ROE % Range Over the Past 10 Years
Min: 0.02   Med: 10.28   Max: 26.47
Current: 4.33

During the past 9 years, Patria Malls Fundo de Investimento Imobiliario Responsabilidade's highest ROE % was 26.47%. The lowest was 0.02%. And the median was 10.28%.

BSP:PMLL11's ROE % is ranked worse than
62.67% of 935 companies
in the REITs industry
Industry Median: 6.13 vs BSP:PMLL11: 4.33

Patria Malls Fundo de Investimento Imobiliario Responsabilidade  (BSP:PMLL11) 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
=69.999/1616.8155
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(69.999 / 181.65)*(181.65 / 1770.4315)*(1770.4315 / 1616.8155)
=Net Margin %*Asset Turnover*Equity Multiplier
=38.54 %*0.1026*1.095
=ROA %*Equity Multiplier
=3.95 %*1.095
=4.33 %

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
=69.999/1616.8155
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (69.999 / 69.999) * (69.999 / 153.694) * (153.694 / 181.65) * (181.65 / 1770.4315) * (1770.4315 / 1616.8155)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.4554 * 84.61 % * 0.1026 * 1.095
=4.33 %

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.


Patria Malls Fundo de Investimento Imobiliario Responsabilidade ROE % Related Terms


Patria Malls Fundo de Investimento Imobiliario Responsabilidade ROE % Historical Data

* Premium members only.

The historical data trend for Patria Malls Fundo de Investimento Imobiliario Responsabilidade'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.

Patria Malls Fundo de Investimento Imobiliario Responsabilidade ROE % Chart

Patria Malls Fundo de Investimento Imobiliario Responsabilidade Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only 10.28 17.25 9.01 11.64 4.33

Patria Malls Fundo de Investimento Imobiliario Responsabilidade Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Get a 7-Day Free Trial Premium Member Only 10.28 17.25 9.01 11.64 4.33

BSP:PMLL11 vs SPG, O, KIM: ROE % Comparison

For the REIT - Retail subindustry, Patria Malls Fundo de Investimento Imobiliario Responsabilidade'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.


Patria Malls Fundo de Investimento Imobiliario Responsabilidade ROE % vs REITs Industry

For the REITs industry and Real Estate sector, Patria Malls Fundo de Investimento Imobiliario Responsabilidade's ROE % distribution charts can be found below:

* The bar in red indicates where Patria Malls Fundo de Investimento Imobiliario Responsabilidade's ROE % falls into.


BSP:PMLL11
79GF Score
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Ltd BSP:PMLL11
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Patria Malls Fundo de Investimento Imobiliario Responsabilidade ROE % Calculation

Patria Malls Fundo de Investimento Imobiliario Responsabilidade'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 )
=69.999/( (1593.175+1640.456)/ 2 )
=69.999/1616.8155
=4.33 %

Patria Malls Fundo de Investimento Imobiliario Responsabilidade'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 )
=69.999/( (1593.175+1640.456)/ 2 )
=69.999/1616.8155
=4.33 %

* 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 4.33% mean?
Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) has a ROE % of 4.33% 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 Patria Malls Fundo de Investimento Imobiliario Responsabilidade and its competitors. This is 58% below median its historical median of 10.28. Over the past decade, Patria Malls Fundo de Investimento Imobiliario Responsabilidade's ROE % has ranged from 0.02 to 26.47. According to the industry distribution chart, Patria Malls Fundo de Investimento Imobiliario Responsabilidade ranks #586 out of 935 companies in the REITs industry, placing it in the top 62.7%.
Is Patria Malls Fundo de Investimento Imobiliario Responsabilidade's ROE % too high?
Patria Malls Fundo de Investimento Imobiliario Responsabilidade's current ROE % of 4.33% is 58% below median its 10-year median of 10.28. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 26.47. The REITs industry median ROE % is 6.13. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's value of 4.33% is 29.4% below this industry median. Based on the distribution chart, Patria Malls Fundo de Investimento Imobiliario Responsabilidade ranks #586 out of 935 companies in the REITs industry, which is below the industry midpoint. Overall, Patria Malls Fundo de Investimento Imobiliario Responsabilidade has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Patria Malls Fundo de Investimento Imobiliario Responsabilidade's ROE % compare to SPG and O?
According to the REITs industry distribution chart, Patria Malls Fundo de Investimento Imobiliario Responsabilidade ranks #586 out of 935 companies for ROE %. This places Patria Malls Fundo de Investimento Imobiliario Responsabilidade in the lower half of its industry. The industry median ROE % is 6.13. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's value of 4.33% is 29.4% below this benchmark. Historically, Patria Malls Fundo de Investimento Imobiliario Responsabilidade's own ROE % has ranged from 0.02 to 26.47 over the past decade. While the company's 10-year median is 10.28 vs. the industry median of 6.13, Patria Malls Fundo de Investimento Imobiliario Responsabilidade has consistently been below 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 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. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's current ROE % of 4.33% is 29.4% below 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 Patria Malls Fundo de Investimento Imobiliario Responsabilidade 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. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's current ROE % is 4.33%, which is 58% below median its own 10-year median of 10.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patria Malls Fundo de Investimento Imobiliario Responsabilidade stock overvalued right now?
Based on GuruFocus' analysis, Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$125.47, compared to a current price of R$106.14 — trading 15.4% below its estimated fair value. The current ROE % is 4.33%, which is 58% below median its 10-year median of 10.28 and 29.4% below the REITs industry median of 6.13. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's overall GF Score™ is 79/100 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 Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11), the current ROE % is 4.33% 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 Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) Overvalued in 2026?

Based on GuruFocus' analysis, Patria Malls Fundo de Investimento Imobiliario Responsabilidade stock appears to be undervalued. The current stock price of R$106.14 is trading 15.4% below its estimated GF Value™ of R$125.47. GuruFocus considers Patria Malls Fundo de Investimento Imobiliario Responsabilidade to be Modestly Undervalued.

Key valuation signals for BSP:PMLL11:

  • ROE %: 4.33% (58% below median its 10-year median of 10.28)
  • GF Value™: R$125.47 vs. price of R$106.14 (15.4% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 29.4% below the REITs median (#586 of 935)

No single metric tells the full story. See the BSP:PMLL11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Patria Malls Fundo de Investimento Imobiliario Responsabilidade Business Description

Industry Real EstateREITs
Address Rua Candelaria, 65, Salas 1701 e 1702-Centro, Rio de Janeiro, RJ, BRA, 20091-020
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Ltd Formerly Malls Brasil Fundo Investimento Imobiliario, formerly Malls Brasil Plural Fundo De Investimento Imobiliario is a Brazalian real estate investment firm. The company is engaged in investing in malls and shopping centres including Maceio Shopping.
79GF Score

Get the complete analysis for BSP:PMLL11

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

R$106.14
Price
R$125.47
GF Value