China Merchants Commercial REIT (FRA:5C3) ROE %: -3.42% (As of Dec. 2025)


FRA:5C3 China Merchants Commercial REIT FRA:5C3
72 GF Score
Price €0.10
GF Value €0.11
! 7 Warning Signs
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What is China Merchants Commercial REIT ROE %?

China Merchants Commercial REIT FRA:5C3 -1.96% 72 ROE % is -3.42% as of Dec. 2025. GuruFocus rates FRA:5C3 with a GF Score™ of 72/100 and a GF Value™ of €0.11. The stock has 7 warning signs investors should review. Among 939 REITs companies, China Merchants Commercial REIT ranks worse than 86.26% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. China Merchants Commercial REIT's annualized net income for the quarter that ended in Dec. 2025 was €-12.19 Mil. China Merchants Commercial REIT's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was €356.66 Mil. Therefore, China Merchants Commercial REIT's annualized ROE % for the quarter that ended in Dec. 2025 was -3.42%.

The historical rank and industry rank for China Merchants Commercial REIT's ROE % or its related term are showing as below:

FRA:5C3' s ROE % Range Over the Past 10 Years
Min: -5.62   Med: 3.89   Max: 57.47
Current: -3.32

During the past 10 years, China Merchants Commercial REIT's highest ROE % was 57.47%. The lowest was -5.62%. And the median was 3.89%.

FRA:5C3's ROE % is ranked worse than
86.26% of 939 companies
in the REITs industry
Industry Median: 6.13 vs FRA:5C3: -3.32

China Merchants Commercial REIT  (FRA:5C3) 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
=-12.19/356.655
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-12.19 / 50.254)*(50.254 / 1188.8865)*(1188.8865 / 356.655)
=Net Margin %*Asset Turnover*Equity Multiplier
=-24.26 %*0.0423*3.3334
=ROA %*Equity Multiplier
=-1.03 %*3.3334
=-3.42 %

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
=-12.19/356.655
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-12.19 / -15.53) * (-15.53 / 31.022) * (31.022 / 50.254) * (50.254 / 1188.8865) * (1188.8865 / 356.655)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7849 * -0.5006 * 61.73 % * 0.0423 * 3.3334
=-3.42 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-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.


China Merchants Commercial REIT ROE % Related Terms


China Merchants Commercial REIT ROE % Historical Data

* Premium members only.

The historical data trend for China Merchants Commercial REIT'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.

China Merchants Commercial REIT ROE % Chart

China Merchants Commercial REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.10 -5.08 -5.22 -5.76 -3.16

China Merchants Commercial REIT Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -7.60 -8.20 -3.18 -3.04 -3.42

FRA:5C3 vs BXP, ARE, VNO: ROE % Comparison

For the REIT - Office subindustry, China Merchants Commercial REIT'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.


China Merchants Commercial REIT ROE % vs REITs Industry

For the REITs industry and Real Estate sector, China Merchants Commercial REIT's ROE % distribution charts can be found below:

* The bar in red indicates where China Merchants Commercial REIT's ROE % falls into.


FRA:5C3
72GF Score
China Merchants Commercial REIT FRA:5C3
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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China Merchants Commercial REIT ROE % Calculation

China Merchants Commercial REIT'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 )
=-11.956/( (406.094+351.567)/ 2 )
=-11.956/378.8305
=-3.16 %

China Merchants Commercial REIT's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=-12.19/( (361.743+351.567)/ 2 )
=-12.19/356.655
=-3.42 %

* 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 (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 -3.42% mean?
China Merchants Commercial REIT (FRA:5C3) has a ROE % of -3.42% 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 China Merchants Commercial REIT and its competitors. According to the industry distribution chart, China Merchants Commercial REIT ranks #810 out of 939 companies in the REITs industry, placing it in the top 86.3%.
Is China Merchants Commercial REIT's ROE % too high?
China Merchants Commercial REIT's current ROE % is -3.42%. Based on the distribution chart, China Merchants Commercial REIT ranks #810 out of 939 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, China Merchants Commercial REIT has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does China Merchants Commercial REIT's ROE % compare to BXP and ARE?
According to the REITs industry distribution chart, China Merchants Commercial REIT ranks #810 out of 939 companies for ROE %. This places China Merchants Commercial REIT in the lower half of its industry. The industry median ROE % is 6.13. 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 939 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. 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 China Merchants Commercial REIT 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. China Merchants Commercial REIT's current ROE % is -3.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Commercial REIT stock overvalued right now?
China Merchants Commercial REIT (FRA:5C3) has a current ROE % of -3.42%. The stock's GF Value™ is €0.11, compared to a current price of €0.10 — trading 9.1% below its estimated fair value. The current ROE % is -3.42%. China Merchants Commercial REIT's overall GF Score™ is 72/100 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 China Merchants Commercial REIT (FRA:5C3), the current ROE % is -3.42% 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 China Merchants Commercial REIT (FRA:5C3) Overvalued in 2026?

Based on GuruFocus' analysis, China Merchants Commercial REIT stock appears to be undervalued. The current stock price of €0.10 is trading 9.1% below its estimated GF Value™ of €0.11.

Key valuation signals for FRA:5C3:

  • ROE %: -3.42%
  • GF Value™: €0.11 vs. price of €0.10 (9.1% below fair value)
  • GF Score™: 72/100 with 7 warning signs

No single metric tells the full story. See the FRA:5C3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Merchants Commercial REIT Business Description

Industry Real EstateREITs
Other Exchanges 01503:Hong Kong
Address Connaught Road Central, Room 2603-2606, 26th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG, 168-200
China Merchants Commercial REIT and its subsidiaries are engaged in the property investment. The operating business segments of the company are office buildings and shopping center. Its properties include New Times Plaza, Cyberport Building, Technology Building, Garden City Shopping Centre ,Onward Science And Trade Center and Technology Building 2 among others.
72GF Score

Get the complete analysis for FRA:5C3

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

€0.10
Price
€0.11
GF Value