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.
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.
SmartCentres Real Estate Investment Trust's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 7.40%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
SmartCentres Real Estate Investment Trust (FRA:C7J1) 3-Year ROIIC % Explanation
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.
SmartCentres Real Estate Investment Trust 3-Year ROIIC % Related Terms
SmartCentres Real Estate Investment Trust 3-Year ROIIC % Historical Data
* 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.
SmartCentres Real Estate Investment Trust 3-Year ROIIC % Chart
SmartCentres Real Estate Investment Trust Annual Data
FRA:C7J1 vs SPG, O, KIM: 3-Year ROIIC % Comparison
For the REIT - Retail subindustry, SmartCentres Real Estate Investment Trust'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.
SmartCentres Real Estate Investment Trust 3-Year ROIIC % vs REITs Industry
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 323.418 (Dec. 2025) - 326.133 (Dec. 2022) )
/
( 7959.285 (Dec. 2025) - 8435.788 (Dec. 2022) )
=
-2.715
/
-476.503
=
0.57%***
* 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.
SmartCentres Real Estate Investment Trust (FRA:C7J1) has a 3-Year ROIIC % of 7.40 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 SmartCentres Real Estate Investment Trust and its competitors. This is 95% above median its historical median of 3.80. According to the industry distribution chart, SmartCentres Real Estate Investment Trust ranks #193 out of 684 companies in the REITs industry, placing it in the top 28.2%.
Is SmartCentres Real Estate Investment Trust's 3-Year ROIIC % too high?
SmartCentres Real Estate Investment Trust's current 3-Year ROIIC % of 7.40 is 95% above median its 10-year median of 3.80. The REITs industry median 3-Year ROIIC % is 3.61. SmartCentres Real Estate Investment Trust's value of 7.40 is 105% above this industry median. Based on the distribution chart, SmartCentres Real Estate Investment Trust ranks #193 out of 684 companies in the REITs industry, which is above the industry midpoint. Overall, SmartCentres Real Estate Investment 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 SmartCentres Real Estate Investment Trust's 3-Year ROIIC % compare to SPG and O?
According to the REITs industry distribution chart, SmartCentres Real Estate Investment Trust ranks #193 out of 684 companies for 3-Year ROIIC %. This puts SmartCentres Real Estate Investment Trust in the upper half of its industry. The industry median 3-Year ROIIC % is 3.61. SmartCentres Real Estate Investment Trust's value of 7.40 is 105% above this benchmark. While the company's 10-year median is 3.80 vs. the industry median of 3.61, SmartCentres Real Estate Investment Trust 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 3-Year ROIIC % for a REITs company?
The median 3-Year ROIIC % among REITs companies is 3.61, based on 684 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. SmartCentres Real Estate Investment Trust's current 3-Year ROIIC % of 7.40 is 105% 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 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 SmartCentres Real Estate Investment Trust and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SmartCentres Real Estate Investment Trust's current 3-Year ROIIC % is 7.40, which is 95% above median its own 10-year median of 3.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SmartCentres Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, SmartCentres Real Estate Investment Trust (FRA:C7J1) is currently considered Modestly Overvalued. The stock's GF Value™ is €15.42, compared to a current price of €17.20 — trading 11.6% above its estimated fair value. The current 3-Year ROIIC % is 7.40, which is 95% above median its 10-year median of 3.80 and 105% above the REITs industry median of 3.61. SmartCentres Real Estate Investment Trust's overall GF Score™ is 71/100 with 12 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 SmartCentres Real Estate Investment Trust (FRA:C7J1), the current 3-Year ROIIC % is 7.40 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 SmartCentres Real Estate Investment Trust (FRA:C7J1) Overvalued in 2026?
Based on GuruFocus' analysis, SmartCentres Real Estate Investment Trust stock appears to be overvalued.
The current stock price of €17.20 is trading 11.6% above its estimated GF Value™ of €15.42.
GuruFocus considers SmartCentres Real Estate Investment Trust to be Modestly Overvalued.
Key valuation signals for FRA:C7J1:
3-Year ROIIC %: 7.40 (95% above median its 10-year median of 3.80)
GF Value™: €15.42 vs. price of €17.20 (11.6% above fair value)
Industry Position: 105% above the REITs median (#193 of 684)
No single metric tells the full story. See the FRA:C7J1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SmartCentres Real Estate Investment Trust is a Canadian fully integrated commercial and residential REIT, with several strategically located properties in communities across the country. It develops, leases, constructs, owns, and manages shopping centers, office buildings, high-rise and low-rise condos and rental residences, seniors' housing, townhome units, self-storage rental facilities, and industrial facilities in Canada, both directly and through its subsidiaries. The company generates maximum revenue from its retail properties. It has one reportable segment, which comprises the development, ownership, management, and operation of investment properties located in Canada.
71GF Score
Get the complete analysis for FRA:C7J1
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:C7J1 has been successfully added to your 
