Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada (BSP:SPG211) ROE %: 39.07% (As of Dec. 2025) — Near Median


BSP:SPG211 Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada BSP:SPG211
7 GF Score
Price R$11.94
! 1 Warning Sign
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What is Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ROE %?

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada BSP:SPG211 7 ROE % is 39.07% as of Dec. 2025, which is at its 10-year median of 39.07. GuruFocus rates BSP:SPG211 with a GF Score™ of 7/100. The stock has 1 warning sign investors should review. Among 934 REITs companies, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ranks better than 97.75% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's annualized net income for the quarter that ended in Dec. 2025 was R$18.08 Mil. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was R$46.27 Mil. Therefore, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's annualized ROE % for the quarter that ended in Dec. 2025 was 39.07%.

The historical rank and industry rank for Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's ROE % or its related term are showing as below:

BSP:SPG211' s ROE % Range Over the Past 10 Years
Min: 39.07   Med: 39.07   Max: 39.07
Current: 39.07

During the past 2 years, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's highest ROE % was 39.07%. The lowest was 39.07%. And the median was 39.07%.

BSP:SPG211's ROE % is ranked better than
97.75% of 934 companies
in the REITs industry
Industry Median: 6.13 vs BSP:SPG211: 39.07

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada  (BSP:SPG211) 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
=18.076/46.2685
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(18.076 / 19.15)*(19.15 / 54.8285)*(54.8285 / 46.2685)
=Net Margin %*Asset Turnover*Equity Multiplier
=94.39 %*0.3493*1.185
=ROA %*Equity Multiplier
=32.97 %*1.185
=39.07 %

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
=18.076/46.2685
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (18.076 / 18.076) * (18.076 / 19.15) * (19.15 / 54.8285) * (54.8285 / 46.2685)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 94.39 % * 0.3493 * 1.185
=39.07 %

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.


Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ROE % Related Terms


Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ROE % Historical Data

* Premium members only.

The historical data trend for Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada'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.

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ROE % Chart

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Annual Data
Trend Dec24 Dec25
ROE %
0.00 39.07

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Semi-Annual Data
Dec24 Dec25
ROE % 0.00 39.07

BSP:SPG211 vs VICI, WPC: ROE % Comparison

For the REIT - Diversified subindustry, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada'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.


Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ROE % vs REITs Industry

For the REITs industry and Real Estate sector, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's ROE % distribution charts can be found below:

* The bar in red indicates where Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's ROE % falls into.


BSP:SPG211
7GF Score
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada BSP:SPG211
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ROE % Calculation

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada'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 )
=18.076/( (12.401+80.136)/ 2 )
=18.076/46.2685
=39.07 %

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada'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 )
=18.076/( (12.401+80.136)/ 2 )
=18.076/46.2685
=39.07 %

* 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 39.07% mean?
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada (BSP:SPG211) has a ROE % of 39.07% 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 Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada and its competitors. This is near median its historical median of 39.07. Over the past decade, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's ROE % has ranged from 39.07 to 39.07. According to the industry distribution chart, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ranks #21 out of 934 companies in the REITs industry, placing it in the top 2.2%.
Is Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's ROE % too high?
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's current ROE % of 39.07% is near median its 10-year median of 39.07. Over the past 10 years, this metric has ranged from a low of 39.07 to a high of 39.07. The REITs industry median ROE % is 6.13. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's value of 39.07% is 537.4% above this industry median. Based on the distribution chart, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ranks #21 out of 934 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's ROE % compare to VICI and WPC?
According to the REITs industry distribution chart, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ranks #21 out of 934 companies for ROE %. This places Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada in the top 2% of its industry — outperforming the majority of peers. The industry median ROE % is 6.13. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's value of 39.07% is 537.4% above this benchmark. Historically, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's own ROE % has ranged from 39.07 to 39.07 over the past decade. While the company's 10-year median is 39.07 vs. the industry median of 6.13, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada 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 934 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. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's current ROE % of 39.07% is 537.4% 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 Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada 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. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's current ROE % is 39.07%, which is near median its own 10-year median of 39.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada stock overvalued right now?
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada (BSP:SPG211) has a current ROE % of 39.07%. The current ROE % is 39.07%, which is near median its 10-year median of 39.07 and 537.4% above the REITs industry median of 6.13. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's overall GF Score™ is 7/100 with 1 warning sign 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 Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada (BSP:SPG211), the current ROE % is 39.07% 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.

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Business Description

Industry Real EstateREITs
Address Rua Dr. Eduardo de Souza Aranha, No. 153, 4th floor, Itaim Bibi, Sao Paulo, SP, BRA, 4543-120
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada is a real estate investment fund. It is established to carry out the activity of providing services for the management of portfolios of securities and securities (Administrator), within the scope of the primary public offering of the 1st (first) issue of shares of Class Single Class of the Fund, in a single class and series.
7GF Score

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