SF Real Estate Investment Trust (FRA:8ET) ROE %: 1.85% (As of Dec. 2025) — 65% Below Median


FRA:8ET SF Real Estate Investment Trust FRA:8ET
42 GF Score
Price €0.23
GF Value €0.25
Valuation Fairly Valued
! 5 Warning Signs
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What is SF Real Estate Investment Trust ROE %?

SF Real Estate Investment Trust FRA:8ET -1.85% 42 ROE % is 1.85% as of Dec. 2025, which is 65% below its 10-year median of 5.35. GuruFocus rates FRA:8ET with a GF Score™ of 42/100 and a GF Value™ of €0.25 (Fairly Valued). The stock has 5 warning signs investors should review. Among 939 REITs companies, SF Real Estate Investment Trust ranks worse than 93.08% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. SF Real Estate Investment Trust's annualized net income for the quarter that ended in Dec. 2025 was €6.57 Mil. SF Real Estate Investment Trust's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was €354.11 Mil. Therefore, SF Real Estate Investment Trust's annualized ROE % for the quarter that ended in Dec. 2025 was 1.85%.

The historical rank and industry rank for SF Real Estate Investment Trust's ROE % or its related term are showing as below:

FRA:8ET' s ROE % Range Over the Past 10 Years
Min: -9.86   Med: 5.35   Max: 12.84
Current: -9.86

During the past 8 years, SF Real Estate Investment Trust's highest ROE % was 12.84%. The lowest was -9.86%. And the median was 5.35%.

FRA:8ET's ROE % is ranked worse than
93.08% of 939 companies
in the REITs industry
Industry Median: 6.13 vs FRA:8ET: -9.86

SF Real Estate Investment Trust  (FRA:8ET) 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
=6.568/354.1085
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(6.568 / 48.482)*(48.482 / 707.858)*(707.858 / 354.1085)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.55 %*0.0685*1.999
=ROA %*Equity Multiplier
=0.93 %*1.999
=1.85 %

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
=6.568/354.1085
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (6.568 / 10.548) * (10.548 / 36.024) * (36.024 / 48.482) * (48.482 / 707.858) * (707.858 / 354.1085)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6227 * 0.2928 * 74.3 % * 0.0685 * 1.999
=1.85 %

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.


SF Real Estate Investment Trust ROE % Related Terms


SF Real Estate Investment Trust ROE % Historical Data

* Premium members only.

The historical data trend for SF Real Estate Investment Trust'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.

SF Real Estate Investment Trust ROE % Chart

SF Real Estate Investment Trust Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial 5.66 10.87 5.08 -7.62 -9.10

SF Real Estate Investment Trust Semi-Annual Data
Dec18 Dec19 Dec20 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 3.35 0.59 -15.98 -19.73 1.85

FRA:8ET vs PLD, PSA, EXR: ROE % Comparison

For the REIT - Industrial subindustry, SF Real Estate Investment Trust'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.


SF Real Estate Investment Trust ROE % vs REITs Industry

For the REITs industry and Real Estate sector, SF Real Estate Investment Trust's ROE % distribution charts can be found below:

* The bar in red indicates where SF Real Estate Investment Trust's ROE % falls into.


FRA:8ET
42GF Score
SF Real Estate Investment Trust FRA:8ET
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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SF Real Estate Investment Trust ROE % Calculation

SF Real Estate Investment Trust'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 )
=-36.474/( (452.156+349.345)/ 2 )
=-36.474/400.7505
=-9.10 %

SF Real Estate Investment Trust'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 )
=6.568/( (358.872+349.345)/ 2 )
=6.568/354.1085
=1.85 %

* 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 1.85% mean?
SF Real Estate Investment Trust (FRA:8ET) has a ROE % of 1.85% 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 SF Real Estate Investment Trust and its competitors. This is 65% below median its historical median of 5.35. According to the industry distribution chart, SF Real Estate Investment Trust ranks #874 out of 939 companies in the REITs industry, placing it in the top 93.1%.
Is SF Real Estate Investment Trust's ROE % too high?
SF Real Estate Investment Trust's current ROE % of 1.85% is 65% below median its 10-year median of 5.35. The REITs industry median ROE % is 6.13. SF Real Estate Investment Trust's value of 1.85% is 69.8% below this industry median. Based on the distribution chart, SF Real Estate Investment Trust ranks #874 out of 939 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, SF Real Estate Investment Trust has a GF Score™ of 42/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SF Real Estate Investment Trust's ROE % compare to PLD and PSA?
According to the REITs industry distribution chart, SF Real Estate Investment Trust ranks #874 out of 939 companies for ROE %. This places SF Real Estate Investment Trust in the lower half of its industry. The industry median ROE % is 6.13. SF Real Estate Investment Trust's value of 1.85% is 69.8% below this benchmark. While the company's 10-year median is 5.35 vs. the industry median of 6.13, SF Real Estate Investment Trust has consistently been below 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 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. SF Real Estate Investment Trust's current ROE % of 1.85% is 69.8% below 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 SF Real Estate Investment Trust 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. SF Real Estate Investment Trust's current ROE % is 1.85%, which is 65% below median its own 10-year median of 5.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SF Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, SF Real Estate Investment Trust (FRA:8ET) is currently considered Fairly Valued. The stock's GF Value™ is €0.25, compared to a current price of €0.23 — trading 6.7% below its estimated fair value. The current ROE % is 1.85%, which is 65% below median its 10-year median of 5.35 and 69.8% below the REITs industry median of 6.13. SF Real Estate Investment Trust's overall GF Score™ is 42/100 with 5 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 SF Real Estate Investment Trust (FRA:8ET), the current ROE % is 1.85% 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 SF Real Estate Investment Trust (FRA:8ET) Overvalued in 2026?

Based on GuruFocus' analysis, SF Real Estate Investment Trust stock appears to be undervalued. The current stock price of €0.23 is trading 6.7% below its estimated GF Value™ of €0.25. GuruFocus considers SF Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for FRA:8ET:

  • ROE %: 1.85% (65% below median its 10-year median of 5.35)
  • GF Value™: €0.25 vs. price of €0.23 (6.7% below fair value)
  • GF Score™: 42/100 with 5 warning signs
  • Industry Position: 69.8% below the REITs median (#874 of 939)

No single metric tells the full story. See the FRA:8ET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SF Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges 02191:Hong Kong
Address 111 Leighton Road, Room 2002, 20th Floor, Lee Garden Six, Causeway Bay, Hong Kong, HKG
SF Real Estate Investment Trust is an investment holding company. It is engaged in property investments in Hong Kong, and in Foshan, Wuhu, and Changsha of the People's Republic of China. The Group holds one property company in Hong Kong and three property companies in Mainland China. It has two reportable segments of its business, Hong Kong and Mainland China. Key revenue is generated from Hong Kong.
42GF Score

Get the complete analysis for FRA:8ET

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

€0.23
Price
€0.25
GF Value