Retail Estates (XAMS:RET) ROE %: 12.14% (As of Mar. 2026) — 30% Above Median


What is Retail Estates ROE %?

Retail Estates XAMS:RET 75 ROE % is 12.14% as of Mar. 2026, which is 30% above its 10-year median of 9.37. GuruFocus rates XAMS:RET with a GF Score™ of 75/100. The stock has 9 warning signs investors should review. Among 933 REITs companies, Retail Estates ranks better than 72.67% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Retail Estates's annualized net income for the quarter that ended in Mar. 2026 was €151.60 Mil. Retail Estates's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €1,249.01 Mil. Therefore, Retail Estates's annualized ROE % for the quarter that ended in Mar. 2026 was 12.14%.

The historical rank and industry rank for Retail Estates's ROE % or its related term are showing as below:

XAMS:RET' s ROE % Range Over the Past 10 Years
Min: 7.65   Med: 9.37   Max: 17.9
Current: 9.92

During the past 13 years, Retail Estates's highest ROE % was 17.90%. The lowest was 7.65%. And the median was 9.37%.

XAMS:RET's ROE % is ranked better than
72.67% of 933 companies
in the REITs industry
Industry Median: 6.15 vs XAMS:RET: 9.92

Retail Estates  (XAMS:RET) 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: Mar. 2026 )
=Net Income/Total Stockholders Equity
=151.602/1249.0145
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(151.602 / 162.306)*(162.306 / 2179.649)*(2179.649 / 1249.0145)
=Net Margin %*Asset Turnover*Equity Multiplier
=93.41 %*0.0745*1.7451
=ROA %*Equity Multiplier
=6.96 %*1.7451
=12.14 %

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: Mar. 2026 )
=Net Income/Total Stockholders Equity
=151.602/1249.0145
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (151.602 / 157.428) * (157.428 / 119.472) * (119.472 / 162.306) * (162.306 / 2179.649) * (2179.649 / 1249.0145)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.963 * 1.3177 * 73.61 % * 0.0745 * 1.7451
=12.14 %

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


Retail Estates ROE % Related Terms


Retail Estates ROE % Historical Data

* Premium members only.

The historical data trend for Retail Estates'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.

Retail Estates ROE % Chart

Retail Estates Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.25 17.90 10.86 8.93 9.80

Retail Estates Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 6.32 7.21 10.91 7.75 12.14

XAMS:RET vs SPG, O, KIM: ROE % Comparison

For the REIT - Retail subindustry, Retail Estates'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.


Retail Estates ROE % vs REITs Industry

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

* The bar in red indicates where Retail Estates's ROE % falls into.



Retail Estates ROE % Calculation

Retail Estates's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=122.95/( (1221.04+1286.865)/ 2 )
=122.95/1253.9525
=9.80 %

Retail Estates's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Sep. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=151.602/( (1211.164+1286.865)/ 2 )
=151.602/1249.0145
=12.14 %

* 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 (Mar. 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 12.14% mean?
Retail Estates (XAMS:RET) has a ROE % of 12.14% 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 Retail Estates and its competitors. This is 30% above median its historical median of 9.37. Over the past decade, Retail Estates' ROE % has ranged from 7.65 to 17.90. According to the industry distribution chart, Retail Estates ranks #255 out of 933 companies in the REITs industry, placing it in the top 27.3%.
Is Retail Estates' ROE % too high?
Retail Estates' current ROE % of 12.14% is 30% above median its 10-year median of 9.37. Over the past 10 years, this metric has ranged from a low of 7.65 to a high of 17.90. The REITs industry median ROE % is 6.15. Retail Estates' value of 12.14% is 97.4% above this industry median. Based on the distribution chart, Retail Estates ranks #255 out of 933 companies in the REITs industry, which is above the industry midpoint. Overall, Retail Estates has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Retail Estates' ROE % compare to SPG and O?
According to the REITs industry distribution chart, Retail Estates ranks #255 out of 933 companies for ROE %. This puts Retail Estates in the upper half of its industry. The industry median ROE % is 6.15. Retail Estates' value of 12.14% is 97.4% above this benchmark. Historically, Retail Estates' own ROE % has ranged from 7.65 to 17.90 over the past decade. While the company's 10-year median is 9.37 vs. the industry median of 6.15, Retail Estates 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. Retail Estates's current ROE % of 12.14% is 97.4% 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 Retail Estates 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. Retail Estates's current ROE % is 12.14%, which is 30% above median its own 10-year median of 9.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Retail Estates stock overvalued right now?
Retail Estates (XAMS:RET) has a current ROE % of 12.14%. The current ROE % is 12.14%, which is 30% above median its 10-year median of 9.37 and 97.4% above the REITs industry median of 6.15. Retail Estates' overall GF Score™ is 75/100 with 9 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 Retail Estates (XAMS:RET), the current ROE % is 12.14% 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.

Retail Estates Business Description

Industry Real EstateREITs
Address Industrielaan 6, Ternat, BEL, 1740
Retail Estates SA is a real estate investment trust that invests mainly in retail properties. It is a niche player specialised in making out-of town retail properties located on the periphery of residential areas or along main access roads to urban centres available to users. It has distinguished between two geographical segments: Belgium and the Netherlands. The majority of revenue comes from Belgium.