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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.
Morguard Real Estate Investment Trust's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 30.10%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
FRA:T0L's 3-Year ROIIC % is ranked better than 93.63% of 691
companies
in the REITs industry
Industry Median: 3.63
vs FRA:T0L: 30.10
Morguard Real Estate Investment Trust (FRA:T0L) 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.
Morguard Real Estate Investment Trust 3-Year ROIIC % Related Terms
Morguard 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.
Morguard Real Estate Investment Trust 3-Year ROIIC % Chart
FRA:T0L vs VICI, WPC, BNL: 3-Year ROIIC % Comparison
For the REIT - Diversified subindustry, Morguard 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.
Morguard Real Estate Investment Trust 3-Year ROIIC % vs REITs Industry
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 66.764 (Dec. 2025) - 82.257 (Dec. 2022) )
/
( 1660.545 (Dec. 2025) - 1888.227 (Dec. 2022) )
=
-15.493
/
-227.682
=
6.80%***
* 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.
Morguard Real Estate Investment Trust (FRA:T0L) has a 3-Year ROIIC % of 30.10 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 Morguard Real Estate Investment Trust and its competitors. This is 1129% above median its historical median of 2.45. According to the industry distribution chart, Morguard Real Estate Investment Trust ranks #44 out of 691 companies in the REITs industry, placing it in the top 6.4%.
Is Morguard Real Estate Investment Trust's 3-Year ROIIC % too high?
Morguard Real Estate Investment Trust's current 3-Year ROIIC % of 30.10 is 1129% above median its 10-year median of 2.45. The REITs industry median 3-Year ROIIC % is 3.63. Morguard Real Estate Investment Trust's value of 30.10 is 729.2% above this industry median. Based on the distribution chart, Morguard Real Estate Investment Trust ranks #44 out of 691 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Morguard Real Estate Investment Trust has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Morguard Real Estate Investment Trust's 3-Year ROIIC % compare to VICI and WPC?
According to the REITs industry distribution chart, Morguard Real Estate Investment Trust ranks #44 out of 691 companies for 3-Year ROIIC %. This places Morguard Real Estate Investment Trust in the top 6% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.63. Morguard Real Estate Investment Trust's value of 30.10 is 729.2% above this benchmark. While the company's 10-year median is 2.45 vs. the industry median of 3.63, Morguard 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 3.63, based on 691 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. Morguard Real Estate Investment Trust's current 3-Year ROIIC % of 30.10 is 729.2% 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 Morguard Real Estate Investment Trust and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morguard Real Estate Investment Trust's current 3-Year ROIIC % is 30.10, which is 1129% above median its own 10-year median of 2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morguard Real Estate Investment Trust stock overvalued right now?
Morguard Real Estate Investment Trust (FRA:T0L) has a current 3-Year ROIIC % of 30.10. The stock's GF Value™ is €3.30, compared to a current price of €4.26 — trading 29.1% above its estimated fair value. The current 3-Year ROIIC % is 30.10, which is 1129% above median its 10-year median of 2.45 and 729.2% above the REITs industry median of 3.63. Morguard Real Estate Investment Trust's overall GF Score™ is 59/100 with 8 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 Morguard Real Estate Investment Trust (FRA:T0L), the current 3-Year ROIIC % is 30.10 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 Morguard Real Estate Investment Trust (FRA:T0L) Overvalued in 2026?
Based on GuruFocus' analysis, Morguard Real Estate Investment Trust stock appears to be overvalued.
The current stock price of €4.26 is trading 29.1% above its estimated GF Value™ of €3.30.
Key valuation signals for FRA:T0L:
3-Year ROIIC %: 30.10 (1129% above median its 10-year median of 2.45)
GF Value™: €3.30 vs. price of €4.26 (29.1% above fair value)
Industry Position: 729.2% above the REITs median (#44 of 691)
No single metric tells the full story. See the FRA:T0L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morguard Real Estate Investment Trust Business Description
Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It derives maximum revenue from the Retail segment.
59GF Score
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