Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade (BSP:SMRE11) ROE %: 15.81% (As of Jun. 2025) — Near Median

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BSP:SMRE11 Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade Ltd BSP:SMRE11
7 GF Score
Price R$56.09
! 2 Warning Signs
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What is Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade ROE %?

Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade BSP:SMRE11 +1.85% 7 ROE % is 15.81% as of Jun. 2025, which is at its 10-year median of 15.81. GuruFocus rates BSP:SMRE11 with a GF Score™ of 7/100. The stock has 2 warning signs investors should review. Among 929 REITs companies, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade ranks better than 89.99% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's annualized net income for the quarter that ended in Jun. 2025 was R$11.73 Mil. Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's average Total Stockholders Equity over the quarter that ended in Jun. 2025 was R$74.24 Mil. Therefore, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's annualized ROE % for the quarter that ended in Jun. 2025 was 15.81%.

The historical rank and industry rank for Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's ROE % or its related term are showing as below:

BSP:SMRE11' s ROE % Range Over the Past 10 Years
Min: 15.81   Med: 15.81   Max: 15.81
Current: 15.81

During the past 2 years, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's highest ROE % was 15.81%. The lowest was 15.81%. And the median was 15.81%.

BSP:SMRE11's ROE % is ranked better than
89.99% of 929 companies
in the REITs industry
Industry Median: 6.13 vs BSP:SMRE11: 15.81

Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade  (BSP:SMRE11) 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: Jun. 2025 )
=Net Income/Total Stockholders Equity
=11.734/74.2395
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(11.734 / 13.122)*(13.122 / 75.1145)*(75.1145 / 74.2395)
=Net Margin %*Asset Turnover*Equity Multiplier
=89.42 %*0.1747*1.0118
=ROA %*Equity Multiplier
=15.62 %*1.0118
=15.81 %

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: Jun. 2025 )
=Net Income/Total Stockholders Equity
=11.734/74.2395
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (11.734 / 11.734) * (11.734 / 13.122) * (13.122 / 75.1145) * (75.1145 / 74.2395)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 89.42 % * 0.1747 * 1.0118
=15.81 %

Note: The net income data used here is one times the annual (Jun. 2025) net income data. The Revenue data used here is one times the annual (Jun. 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 Invest Imobiliario Smart Real Estate Fii Responsabilidade ROE % Related Terms


Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade ROE % Historical Data

* Premium members only.

The historical data trend for Fundo De Invest Imobiliario Smart Real Estate Fii 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.

Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade ROE % Chart

Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade Annual Data
Trend Jun24 Jun25
ROE %
0.00 15.81

Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade Semi-Annual Data
Jun24 Jun25
ROE % 0.00 15.81

BSP:SMRE11 vs VICI, WPC: ROE % Comparison

For the REIT - Diversified subindustry, Fundo De Invest Imobiliario Smart Real Estate Fii 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.


Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade ROE % vs REITs Industry

For the REITs industry and Real Estate sector, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's ROE % distribution charts can be found below:

* The bar in red indicates where Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's ROE % falls into.


BSP:SMRE11
7GF Score
Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade Ltd BSP:SMRE11
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade ROE % Calculation

Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's annualized ROE % for the fiscal year that ended in Jun. 2025 is calculated as

ROE %=Net Income (A: Jun. 2025 )/( (Total Stockholders Equity (A: Jun. 2024 )+Total Stockholders Equity (A: Jun. 2025 ))/ count )
=11.734/( (43.742+104.737)/ 2 )
=11.734/74.2395
=15.81 %

Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's annualized ROE % for the quarter that ended in Jun. 2025 is calculated as

ROE %=Net Income (Q: Jun. 2025 )/( (Total Stockholders Equity (Q: Jun. 2024 )+Total Stockholders Equity (Q: Jun. 2025 ))/ count )
=11.734/( (43.742+104.737)/ 2 )
=11.734/74.2395
=15.81 %

* 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 (Jun. 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 15.81% mean?
Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade (BSP:SMRE11) has a ROE % of 15.81% as of Jun. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade and its competitors. This is near median its historical median of 15.81. Over the past decade, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's ROE % has ranged from 15.81 to 15.81. According to the industry distribution chart, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade ranks #93 out of 929 companies in the REITs industry, placing it in the top 10%.
Is Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's ROE % too high?
Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's current ROE % of 15.81% is near median its 10-year median of 15.81. Over the past 10 years, this metric has ranged from a low of 15.81 to a high of 15.81. The REITs industry median ROE % is 6.13. Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's value of 15.81% is 157.9% above this industry median. Based on the distribution chart, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade ranks #93 out of 929 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's ROE % compare to VICI and WPC?
According to the REITs industry distribution chart, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade ranks #93 out of 929 companies for ROE %. This places Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade in the top 10% of its industry — outperforming the majority of peers. The industry median ROE % is 6.13. Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's value of 15.81% is 157.9% above this benchmark. Historically, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's own ROE % has ranged from 15.81 to 15.81 over the past decade. While the company's 10-year median is 15.81 vs. the industry median of 6.13, Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade 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 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. Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's current ROE % of 15.81% is 157.9% 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 Invest Imobiliario Smart Real Estate Fii 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. Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's current ROE % is 15.81%, which is near median its own 10-year median of 15.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade stock overvalued right now?
Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade (BSP:SMRE11) has a current ROE % of 15.81%. The current ROE % is 15.81%, which is near median its 10-year median of 15.81 and 157.9% above the REITs industry median of 6.13. Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade's overall GF Score™ is 7/100 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 Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade (BSP:SMRE11), the current ROE % is 15.81% as of Jun. 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.

Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade Business Description

Industry Real EstateREITs
Address Av. Brigadeiro Faria Lima, No. 3900, 10th floor, Itaim Bibi, Sao Paulo, SP, BRA, CEP: 4538132
Fundo De Invest Imobiliario Smart Real Estate Fii Responsabilidade Ltd is real estate investment trust fund whose investment objective is to provide shareholders with the appreciation and profitability of their shares, through investment predominantly in the exploration of real estate projects whose entrepreneur, developer, builder, or land subdivision is the Smart Consultoria Imobiliaria Ltda.
7GF Score

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