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Emirates REIT (CEIC)DIFX:REIT -1.44%49 3-Year ROIIC % is 3.18 as of Dec. 2025, which is 16% above its 10-year median of 2.73. GuruFocus rates DIFX:REIT with a GF Score™ of 49/100 and a GF Value™ of $0.26 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 693 REITs companies, Emirates REIT (CEIC) ranks worse than 52.96% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Emirates REIT (CEIC)'s 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 3.18%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Emirates REIT (CEIC)'s 3-Year ROIIC % or its related term are showing as below:
DIFX:REIT's 3-Year ROIIC % is ranked worse than 52.96% of 693
companies
in the REITs industry
Industry Median: 3.52
vs DIFX:REIT: 3.18
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Emirates REIT (CEIC) 3-Year ROIIC % Related Terms
Emirates REIT (CEIC) 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Emirates REIT (CEIC)'s 3-Year ROIIC % 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.
DIFX:REIT vs VICI, WPC, BNL: 3-Year ROIIC % Comparison
For the REIT - Diversified subindustry, Emirates REIT (CEIC)'s 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.
Emirates REIT (CEIC) 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Emirates REIT (CEIC)'s 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Emirates REIT (CEIC)'s 3-Year ROIIC % falls into.
Emirates REIT (CEIC)'s 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 44.234 (Dec. 2025) - 33.657 (Dec. 2022) )
/
( 1231.341 (Dec. 2025) - 898.283 (Dec. 2022) )
=
10.577
/
333.058
=
3.18%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Emirates REIT (CEIC) (DIFX:REIT) has a 3-Year ROIIC % of 3.18 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Emirates REIT (CEIC) and its competitors. This is 16% above median its historical median of 2.73. According to the industry distribution chart, Emirates REIT (CEIC) ranks #367 out of 693 companies in the REITs industry, placing it in the top 53%.
Is Emirates REIT (CEIC)'s 3-Year ROIIC % too high?
Emirates REIT (CEIC)'s current 3-Year ROIIC % of 3.18 is 16% above median its 10-year median of 2.73. The REITs industry median 3-Year ROIIC % is 3.52. Emirates REIT (CEIC)'s value of 3.18 is 9.7% below this industry median. Based on the distribution chart, Emirates REIT (CEIC) ranks #367 out of 693 companies in the REITs industry, which is below the industry midpoint. Overall, Emirates REIT (CEIC) has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emirates REIT (CEIC)'s 3-Year ROIIC % compare to VICI and WPC?
According to the REITs industry distribution chart, Emirates REIT (CEIC) ranks #367 out of 693 companies for 3-Year ROIIC %. This places Emirates REIT (CEIC) in the lower half of its industry. The industry median 3-Year ROIIC % is 3.52. Emirates REIT (CEIC)'s value of 3.18 is 9.7% below this benchmark. While the company's 10-year median is 2.73 vs. the industry median of 3.52, Emirates REIT (CEIC) 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 3-Year ROIIC % for a REITs company?
The median 3-Year ROIIC % among REITs companies is 3.52, based on 693 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Emirates REIT (CEIC)'s current 3-Year ROIIC % of 3.18 is 9.7% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Emirates REIT (CEIC) and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emirates REIT (CEIC)'s current 3-Year ROIIC % is 3.18, which is 16% above median its own 10-year median of 2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emirates REIT (CEIC) stock overvalued right now?
Based on GuruFocus' analysis, Emirates REIT (CEIC) (DIFX:REIT) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.26, compared to a current price of $0.62 — trading 137.3% above its estimated fair value. The current 3-Year ROIIC % is 3.18, which is 16% above median its 10-year median of 2.73 and 9.7% below the REITs industry median of 3.52. Emirates REIT (CEIC)'s overall GF Score™ is 49/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Emirates REIT (CEIC) (DIFX:REIT), the current 3-Year ROIIC % is 3.18 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 Emirates REIT (CEIC) (DIFX:REIT) Overvalued in 2026?
Based on GuruFocus' analysis, Emirates REIT (CEIC) stock appears to be overvalued.
The current stock price of $0.62 is trading 137.3% above its estimated GF Value™ of $0.26.
GuruFocus considers Emirates REIT (CEIC) to be Significantly Overvalued.
Key valuation signals for DIFX:REIT:
3-Year ROIIC %: 3.18 (16% above median its 10-year median of 2.73)
GF Value™: $0.26 vs. price of $0.62 (137.3% above fair value)
Industry Position: 9.7% below the REITs median (#367 of 693)
No single metric tells the full story. See the DIFX:REIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emirates REIT (CEIC) PLC is a closed-ended investment company with a mandate to invest in a diversified portfolio of Shari'a-compliant real estate properties. The Investment objective of the company is to provide shareholders with a Shari'a-compliant income by maintaining a stable dividend distribution and increasing shareholder value through accretive acquisitions, active asset management, and capital appreciation. The property portfolio of the company Index Tower, Loft Offices, Building 24, Indigo 7, European Business Centre, Index Mall, Lycee Francais Jean Mermoz, GEMS World Academy, and Durham School Dubai.
49GF Score
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