Industrial & Infrastructure Fund Investment (FRA:2ES) ROE %: 8.57% (As of Jan. 2026) — 19% Above Median


FRA:2ES Industrial & Infrastructure Fund Investment Corp FRA:2ES
76 GF Score
Price €770.00
GF Value €759.39
! 7 Warning Signs
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What is Industrial & Infrastructure Fund Investment ROE %?

Industrial & Infrastructure Fund Investment FRA:2ES +1.32% 76 ROE % is 8.57% as of Jan. 2026, which is 19% above its 10-year median of 7.23. GuruFocus rates FRA:2ES with a GF Score™ of 76/100 and a GF Value™ of €759.39. The stock has 7 warning signs investors should review. Among 933 REITs companies, Industrial & Infrastructure Fund Investment ranks better than 64.84% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Industrial & Infrastructure Fund Investment's annualized net income for the quarter that ended in Jan. 2026 was €119.1 Mil. Industrial & Infrastructure Fund Investment's average Total Stockholders Equity over the quarter that ended in Jan. 2026 was €1,390.0 Mil. Therefore, Industrial & Infrastructure Fund Investment's annualized ROE % for the quarter that ended in Jan. 2026 was 8.57%.

The historical rank and industry rank for Industrial & Infrastructure Fund Investment's ROE % or its related term are showing as below:

FRA:2ES' s ROE % Range Over the Past 10 Years
Min: 6.47   Med: 7.23   Max: 8.21
Current: 8.21

During the past 13 years, Industrial & Infrastructure Fund Investment's highest ROE % was 8.21%. The lowest was 6.47%. And the median was 7.23%.

FRA:2ES's ROE % is ranked better than
64.84% of 933 companies
in the REITs industry
Industry Median: 6.15 vs FRA:2ES: 8.21

Industrial & Infrastructure Fund Investment  (FRA:2ES) 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: Jan. 2026 )
=Net Income/Total Stockholders Equity
=119.144/1390.026
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(119.144 / 261.008)*(261.008 / 3150.965)*(3150.965 / 1390.026)
=Net Margin %*Asset Turnover*Equity Multiplier
=45.65 %*0.0828*2.2668
=ROA %*Equity Multiplier
=3.78 %*2.2668
=8.57 %

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: Jan. 2026 )
=Net Income/Total Stockholders Equity
=119.144/1390.026
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (119.144 / 119.15) * (119.15 / 135.688) * (135.688 / 261.008) * (261.008 / 3150.965) * (3150.965 / 1390.026)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9999 * 0.8781 * 51.99 % * 0.0828 * 2.2668
=8.57 %

Note: The net income data used here is two times the semi-annual (Jan. 2026) net income data. The Revenue data used here is two times the semi-annual (Jan. 2026) 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.


Industrial & Infrastructure Fund Investment ROE % Related Terms


Industrial & Infrastructure Fund Investment ROE % Historical Data

* Premium members only.

The historical data trend for Industrial & Infrastructure Fund Investment'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.

Industrial & Infrastructure Fund Investment ROE % Chart

Industrial & Infrastructure Fund Investment Annual Data
Trend Dec16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.48 6.26 6.55 6.92 7.33

Industrial & Infrastructure Fund Investment Semi-Annual Data
Jun16 Dec16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.32 7.61 7.35 7.33 8.57

FRA:2ES vs PLD, PSA, EXR: ROE % Comparison

For the REIT - Industrial subindustry, Industrial & Infrastructure Fund Investment'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.


Industrial & Infrastructure Fund Investment ROE % vs REITs Industry

For the REITs industry and Real Estate sector, Industrial & Infrastructure Fund Investment's ROE % distribution charts can be found below:

* The bar in red indicates where Industrial & Infrastructure Fund Investment's ROE % falls into.


FRA:2ES
76GF Score
Industrial & Infrastructure Fund Investment Corp FRA:2ES
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Industrial & Infrastructure Fund Investment ROE % Calculation

Industrial & Infrastructure Fund Investment's annualized ROE % for the fiscal year that ended in Jul. 2025 is calculated as

ROE %=Net Income (A: Jul. 2025 )/( (Total Stockholders Equity (A: Jul. 2024 )+Total Stockholders Equity (A: Jul. 2025 ))/ count )
=105.401/( (1441.102+1434.912)/ 2 )
=105.401/1438.007
=7.33 %

Industrial & Infrastructure Fund Investment's annualized ROE % for the quarter that ended in Jan. 2026 is calculated as

ROE %=Net Income (Q: Jan. 2026 )/( (Total Stockholders Equity (Q: Jul. 2025 )+Total Stockholders Equity (Q: Jan. 2026 ))/ count )
=119.144/( (1434.912+1345.14)/ 2 )
=119.144/1390.026
=8.57 %

* 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 two times the semi-annual (Jan. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 8.57% mean?
Industrial & Infrastructure Fund Investment (FRA:2ES) has a ROE % of 8.57% as of Jan. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Industrial & Infrastructure Fund Investment and its competitors. This is 19% above median its historical median of 7.23. Over the past decade, Industrial & Infrastructure Fund Investment's ROE % has ranged from 6.47 to 8.21. According to the industry distribution chart, Industrial & Infrastructure Fund Investment ranks #328 out of 933 companies in the REITs industry, placing it in the top 35.2%.
Is Industrial & Infrastructure Fund Investment's ROE % too high?
Industrial & Infrastructure Fund Investment's current ROE % of 8.57% is 19% above median its 10-year median of 7.23. Over the past 10 years, this metric has ranged from a low of 6.47 to a high of 8.21. The REITs industry median ROE % is 6.15. Industrial & Infrastructure Fund Investment's value of 8.57% is 39.3% above this industry median. Based on the distribution chart, Industrial & Infrastructure Fund Investment ranks #328 out of 933 companies in the REITs industry, which is above the industry midpoint. Overall, Industrial & Infrastructure Fund Investment has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Industrial & Infrastructure Fund Investment's ROE % compare to PLD and PSA?
According to the REITs industry distribution chart, Industrial & Infrastructure Fund Investment ranks #328 out of 933 companies for ROE %. This puts Industrial & Infrastructure Fund Investment in the upper half of its industry. The industry median ROE % is 6.15. Industrial & Infrastructure Fund Investment's value of 8.57% is 39.3% above this benchmark. Historically, Industrial & Infrastructure Fund Investment's own ROE % has ranged from 6.47 to 8.21 over the past decade. While the company's 10-year median is 7.23 vs. the industry median of 6.15, Industrial & Infrastructure Fund Investment 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 6.15, based on 933 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. Industrial & Infrastructure Fund Investment's current ROE % of 8.57% is 39.3% 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 Industrial & Infrastructure Fund Investment and its competitors. For the REITs industry, the median ROE % is 6.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrial & Infrastructure Fund Investment's current ROE % is 8.57%, which is 19% above median its own 10-year median of 7.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial & Infrastructure Fund Investment stock overvalued right now?
Industrial & Infrastructure Fund Investment (FRA:2ES) has a current ROE % of 8.57%. The stock's GF Value™ is €759.39, compared to a current price of €770.00 — trading 1.4% above its estimated fair value. The current ROE % is 8.57%, which is 19% above median its 10-year median of 7.23 and 39.3% above the REITs industry median of 6.15. Industrial & Infrastructure Fund Investment's overall GF Score™ is 76/100 with 7 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 Industrial & Infrastructure Fund Investment (FRA:2ES), the current ROE % is 8.57% as of Jan. 2026. 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 Industrial & Infrastructure Fund Investment (FRA:2ES) Overvalued in 2026?

Based on GuruFocus' analysis, Industrial & Infrastructure Fund Investment stock appears to be overvalued. The current stock price of €770.00 is trading 1.4% above its estimated GF Value™ of €759.39.

Key valuation signals for FRA:2ES:

  • ROE %: 8.57% (19% above median its 10-year median of 7.23)
  • GF Value™: €759.39 vs. price of €770.00 (1.4% above fair value)
  • GF Score™: 76/100 with 7 warning signs
  • Industry Position: 39.3% above the REITs median (#328 of 933)

No single metric tells the full story. See the FRA:2ES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Industrial & Infrastructure Fund Investment Business Description

Industry Real EstateREITs
Other Exchanges 3249:Japan
Address Tokyo Building 7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-6420
Industrial & Infrastructure Fund Investment Corp operates as a J-REIT specializing in industrial properties. The company focuses on industrial properties including logistic facilities, manufacturing and R&D facilities, and infrastructures.
76GF Score

Get the complete analysis for FRA:2ES

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

€770.00
Price
€759.39
GF Value