Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Firm Capital Property TrustFRMUF 71 ROE % is 5.36% as of Mar. 2026, which is 52% below its 10-year median of 11.18. GuruFocus rates FRMUF with a GF Score™ of 71/100 and a GF Value™ of $4.35 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 928 REITs companies, Firm Capital Property Trust ranks better than 65.3% on this metric.
The historical rank and industry rank for Firm Capital Property Trust's ROE % or its related term are showing as below:
FRMUF'
s ROE % Range Over the Past 10 Years
Min: -0.4 Med: 11.18 Max: 22.48
Current: 8.26
During the past 13 years, Firm Capital Property Trust's highest ROE % was 22.48%. The lowest was -0.40%. And the median was 11.18%.
FRMUF's ROE % is ranked better than 65.3% of 928
companies
in the REITs industry
Industry Median: 6.135
vs FRMUF: 8.26
Firm Capital Property Trust (OTCPK:FRMUF) 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:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
* 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.
For the REIT - Retail subindustry, Firm Capital Property 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.
Firm Capital Property Trust ROE % vs REITs Industry
For the REITs industry and Real Estate sector, Firm Capital Property Trust's ROE % distribution charts can be found below:
* The bar in red indicates where Firm Capital Property Trust's ROE % falls into.
* 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 four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Firm Capital Property Trust (FRMUF) has a ROE % of 5.36% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Firm Capital Property Trust and its competitors. This is 52% below median its historical median of 11.18. According to the industry distribution chart, Firm Capital Property Trust ranks #322 out of 928 companies in the REITs industry, placing it in the top 34.7%.
Is Firm Capital Property Trust's ROE % too high?
Firm Capital Property Trust's current ROE % of 5.36% is 52% below median its 10-year median of 11.18. The REITs industry median ROE % is 6.14. Firm Capital Property Trust's value of 5.36% is 12.6% below this industry median. Based on the distribution chart, Firm Capital Property Trust ranks #322 out of 928 companies in the REITs industry, which is above the industry midpoint. Overall, Firm Capital Property Trust has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firm Capital Property Trust's ROE % compare to SPG and O?
According to the REITs industry distribution chart, Firm Capital Property Trust ranks #322 out of 928 companies for ROE %. This puts Firm Capital Property Trust in the upper half of its industry. The industry median ROE % is 6.14. Firm Capital Property Trust's value of 5.36% is 12.6% below this benchmark. While the company's 10-year median is 11.18 vs. the industry median of 6.14, Firm Capital Property 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 6.14, based on 928 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. Firm Capital Property Trust's current ROE % of 5.36% is 12.6% 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 Firm Capital Property Trust and its competitors. For the REITs industry, the median ROE % is 6.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firm Capital Property Trust's current ROE % is 5.36%, which is 52% below median its own 10-year median of 11.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firm Capital Property Trust stock overvalued right now?
Based on GuruFocus' analysis, Firm Capital Property Trust (FRMUF) is currently considered Modestly Overvalued. The stock's GF Value™ is $4.35, compared to a current price of $4.93 — trading 13.3% above its estimated fair value. The current ROE % is 5.36%, which is 52% below median its 10-year median of 11.18 and 12.6% below the REITs industry median of 6.14. Firm Capital Property Trust's overall GF Score™ is 71/100 with 10 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 Firm Capital Property Trust (FRMUF), the current ROE % is 5.36% as of Mar. 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 Firm Capital Property Trust (FRMUF) Overvalued in 2026?
Based on GuruFocus' analysis, Firm Capital Property Trust stock appears to be overvalued.
The current stock price of $4.93 is trading 13.3% above its estimated GF Value™ of $4.35.
GuruFocus considers Firm Capital Property Trust to be Modestly Overvalued.
Key valuation signals for FRMUF:
ROE %: 5.36% (52% below median its 10-year median of 11.18)
GF Value™: $4.35 vs. price of $4.93 (13.3% above fair value)
Industry Position: 12.6% below the REITs median (#322 of 928)
No single metric tells the full story. See the FRMUF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Firm Capital Property Trust is a Canada-based open-ended real estate investment trust. The Trust operates in six reportable segments: grocery-anchored retail, non-grocery anchored retail, industrial, multi-residential, core service office provider, and manufactured homes community. A vast majority of its revenues are derived from the grocery-anchored retail segment. Its products and services are Mortgage Banking, Real Estate Investments, Private Equity, and Alternative Credit.
71GF Score
Get the complete analysis for FRMUF
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRMUF has been successfully added to your 
