FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII (BSP:APXM11) Scaled Net Operating Assets: 0.82 (As of Dec. 2025)


BSP:APXM11 FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII BSP:APXM11
14 GF Score
Price R$64.80
! 2 Warning Signs
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What is FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Scaled Net Operating Assets?

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII BSP:APXM11 -1.82% 14 Scaled Net Operating Assets is 0.82 as of Dec. 2025. GuruFocus rates BSP:APXM11 with a GF Score™ of 14/100. The stock has 2 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's operating assets for the quarter that ended in Dec. 2025 was R$292.09 Mil. FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's operating liabilities for the quarter that ended in Dec. 2025 was R$2.76 Mil. FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Total Assets for the quarter that ended in Dec. 2024 was R$352.86 Mil. Therefore, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.82.


FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Scaled Net Operating Assets Historical Data

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The historical data trend for FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Scaled Net Operating Assets 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.

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Scaled Net Operating Assets Chart

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
-0.02 89.43 2.02 0.82

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets -0.02 89.43 2.02 0.82

BSP:APXM11 vs SPG, O, KIM: Scaled Net Operating Assets Comparison

For the REIT - Retail subindustry, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Scaled Net Operating Assets falls into.


BSP:APXM11
14GF Score
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII BSP:APXM11
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(292.089-2.761)/352.861
=0.82

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=294.994 - 2.905
=292.089

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.761 - 0 - 0
=2.761

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Dec. 2024 )
=(292.089-2.761)/352.861
=0.82

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=294.994 - 2.905
=292.089

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.761 - 0 - 0
=2.761

* 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.

What does a Scaled Net Operating Assets of 0.82 mean?
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII (BSP:APXM11) has a Scaled Net Operating Assets of 0.82 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII and its competitors.
Is FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Scaled Net Operating Assets too high?
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's current Scaled Net Operating Assets is 0.82. Overall, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Scaled Net Operating Assets compare to SPG and O?
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Scaled Net Operating Assets of 0.82 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII and its competitors. FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's current Scaled Net Operating Assets is 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII stock overvalued right now?
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII (BSP:APXM11) has a current Scaled Net Operating Assets of 0.82. The current Scaled Net Operating Assets is 0.82. FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's overall GF Score™ is 14/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII (BSP:APXM11), the current Scaled Net Operating Assets is 0.82 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.

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Business Description

Industry Real EstateREITs
Address Praia de Botafogo, 501 - 6th Floor (part, Torre Corcovado, RIO DE JANEIRO, RJ, BRA, 22250040
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII was established as a condominium. The Fund's objective is to invest in real estate ventures, in completed properties, land, or properties under construction intended for exploitation of commercial activities, especially, but not limited to, shopping centers.
14GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$64.80
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