Fundo De Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11) ROE %: 15.87% (As of Dec. 2025) — 18% Above Median


BSP:SPXS11 Fundo De Investimento Imobiliario Spx Syn Multiestrategia BSP:SPXS11
27 GF Score
Price R$8.06
! 2 Warning Signs
View Full Analysis

What is Fundo De Investimento Imobiliario Spx Syn Multiestrategia ROE %?

Fundo De Investimento Imobiliario Spx Syn Multiestrategia BSP:SPXS11 -0.25% 27 ROE % is 15.87% as of Dec. 2025, which is 18% above its 10-year median of 13.46. GuruFocus rates BSP:SPXS11 with a GF Score™ of 27/100. The stock has 2 warning signs investors should review. Among 935 REITs companies, Fundo De Investimento Imobiliario Spx Syn Multiestrategia ranks better than 90.16% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's annualized net income for the quarter that ended in Dec. 2025 was R$29.71 Mil. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was R$187.22 Mil. Therefore, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's annualized ROE % for the quarter that ended in Dec. 2025 was 15.87%.

The historical rank and industry rank for Fundo De Investimento Imobiliario Spx Syn Multiestrategia's ROE % or its related term are showing as below:

BSP:SPXS11' s ROE % Range Over the Past 10 Years
Min: 6.94   Med: 13.46   Max: 15.87
Current: 15.87

During the past 4 years, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's highest ROE % was 15.87%. The lowest was 6.94%. And the median was 13.46%.

BSP:SPXS11's ROE % is ranked better than
90.16% of 935 companies
in the REITs industry
Industry Median: 6.12 vs BSP:SPXS11: 15.87

Fundo De Investimento Imobiliario Spx Syn Multiestrategia  (BSP:SPXS11) 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
=29.705/187.2245
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(29.705 / 24.468)*(24.468 / 190.6365)*(190.6365 / 187.2245)
=Net Margin %*Asset Turnover*Equity Multiplier
=121.4 %*0.1283*1.0182
=ROA %*Equity Multiplier
=15.58 %*1.0182
=15.87 %

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
=29.705/187.2245
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (29.705 / 29.705) * (29.705 / 29.712) * (29.712 / 24.468) * (24.468 / 190.6365) * (190.6365 / 187.2245)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.9998 * 121.43 % * 0.1283 * 1.0182
=15.87 %

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.

Fundo De Investimento Imobiliario Spx Syn Multiestrategia ROE % Related Terms

Fundo De Investimento Imobiliario Spx Syn Multiestrategia ROE % Historical Data

* Premium members only.

The historical data trend for Fundo De Investimento Imobiliario Spx Syn Multiestrategia'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 Investimento Imobiliario Spx Syn Multiestrategia ROE % Chart

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Annual Data
Trend Dec22 Dec23 Dec24 Dec25
ROE %
0.00 13.46 6.94 15.87

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
ROE % 0.00 13.46 6.94 15.87

BSP:SPXS11 vs VICI, WPC: ROE % Comparison

For the REIT - Diversified subindustry, Fundo De Investimento Imobiliario Spx Syn Multiestrategia'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 Investimento Imobiliario Spx Syn Multiestrategia ROE % vs REITs Industry

For the REITs industry and Real Estate sector, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's ROE % distribution charts can be found below:

* The bar in red indicates where Fundo De Investimento Imobiliario Spx Syn Multiestrategia's ROE % falls into.


BSP:SPXS11
27GF Score
Fundo De Investimento Imobiliario Spx Syn Multiestrategia BSP:SPXS11
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fundo De Investimento Imobiliario Spx Syn Multiestrategia ROE % Calculation

Fundo De Investimento Imobiliario Spx Syn Multiestrategia'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 )
=29.705/( (184.686+189.763)/ 2 )
=29.705/187.2245
=15.87 %

Fundo De Investimento Imobiliario Spx Syn Multiestrategia'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 )
=29.705/( (184.686+189.763)/ 2 )
=29.705/187.2245
=15.87 %

* 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 15.87% mean?
Fundo De Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11) has a ROE % of 15.87% 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 Fundo De Investimento Imobiliario Spx Syn Multiestrategia and its competitors. This is 18% above median its historical median of 13.46. Over the past decade, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's ROE % has ranged from 6.94 to 15.87. According to the industry distribution chart, Fundo De Investimento Imobiliario Spx Syn Multiestrategia ranks #92 out of 935 companies in the REITs industry, placing it in the top 9.8%.
Is Fundo De Investimento Imobiliario Spx Syn Multiestrategia's ROE % too high?
Fundo De Investimento Imobiliario Spx Syn Multiestrategia's current ROE % of 15.87% is 18% above median its 10-year median of 13.46. Over the past 10 years, this metric has ranged from a low of 6.94 to a high of 15.87. The REITs industry median ROE % is 6.12. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's value of 15.87% is 159.3% above this industry median. Based on the distribution chart, Fundo De Investimento Imobiliario Spx Syn Multiestrategia ranks #92 out of 935 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Fundo De Investimento Imobiliario Spx Syn Multiestrategia has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Fundo De Investimento Imobiliario Spx Syn Multiestrategia's ROE % compare to VICI and WPC?
According to the REITs industry distribution chart, Fundo De Investimento Imobiliario Spx Syn Multiestrategia ranks #92 out of 935 companies for ROE %. This places Fundo De Investimento Imobiliario Spx Syn Multiestrategia in the top 10% of its industry — outperforming the majority of peers. The industry median ROE % is 6.12. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's value of 15.87% is 159.3% above this benchmark. Historically, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's own ROE % has ranged from 6.94 to 15.87 over the past decade. While the company's 10-year median is 13.46 vs. the industry median of 6.12, Fundo De Investimento Imobiliario Spx Syn Multiestrategia 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 6.12, 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. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's current ROE % of 15.87% is 159.3% 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 Investimento Imobiliario Spx Syn Multiestrategia 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. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's current ROE % is 15.87%, which is 18% above median its own 10-year median of 13.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo De Investimento Imobiliario Spx Syn Multiestrategia stock overvalued right now?
Fundo De Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11) has a current ROE % of 15.87%. The current ROE % is 15.87%, which is 18% above median its 10-year median of 13.46 and 159.3% above the REITs industry median of 6.12. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's overall GF Score™ is 27/100 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 Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11), the current ROE % is 15.87% 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.

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Business Description

Industry Real EstateREITs
Address PRAIA DE BOTAFOGO, 501 - 6th Floor, Botafogo, Rio de Janeiro, RJ, BRA, 22250040
Fundo De Investimento Imobiliario SPX Syn Multiestrategia is a closed-end real estate investment fund. The fund's goal is to generate income and/or capital gains, as well as to provide shareholders with appreciation of their shares through investment and, when applicable, divestment, in various asset classes.
27GF Score

Get the complete analysis for BSP:SPXS11

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

R$8.06
Price