Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda (BSP:AZPL11) Scaled Net Operating Assets: 1.54 (As of Dec. 2025)


BSP:AZPL11 Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda BSP:AZPL11
7 GF Score
Price R$7.55
! 1 Warning Sign
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What is Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda Scaled Net Operating Assets?

Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda BSP:AZPL11 -0.13% 7 Scaled Net Operating Assets is 1.54 as of Dec. 2025. GuruFocus rates BSP:AZPL11 with a GF Score™ of 7/100. The stock has 1 warning sign investors should review.

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

Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda's operating assets for the quarter that ended in Dec. 2025 was R$350.20 Mil. Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda's operating liabilities for the quarter that ended in Dec. 2025 was R$3.52 Mil. Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda's Total Assets for the quarter that ended in Dec. 2024 was R$225.24 Mil. Therefore, Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.54.

BSP:AZPL11
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Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda BSP:AZPL11
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Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda 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.

Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda'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 )
=(350.201-3.516)/225.244
=1.54

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=363.375 - 13.174
=350.201

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.516 - 0 - 0
=3.516

Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda'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 )
=(350.201-3.516)/225.244
=1.54

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=363.375 - 13.174
=350.201

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.516 - 0 - 0
=3.516

* 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 1.54 mean?
Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda (BSP:AZPL11) has a Scaled Net Operating Assets of 1.54 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 Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda and its competitors.
Is Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda's Scaled Net Operating Assets too high?
Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda's current Scaled Net Operating Assets is 1.54. Overall, Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda's Scaled Net Operating Assets compare to PLD and PSA?
Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda's Scaled Net Operating Assets of 1.54 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 Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda and its competitors. Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda's current Scaled Net Operating Assets is 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda stock overvalued right now?
Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda (BSP:AZPL11) has a current Scaled Net Operating Assets of 1.54. The current Scaled Net Operating Assets is 1.54. Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda's overall GF Score™ is 7/100 with 1 warning sign 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 Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda (BSP:AZPL11), the current Scaled Net Operating Assets is 1.54 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.

Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda Business Description

Industry Real EstateREITs
Address 1793, Bela Vista, Sao Paulo, SP, BRA, 01311200
Az Quest Panorama Logistica Fundo De Investimento Imobiliario Renda is a real estate investment fund. It invests in performing logistics warehouses leased to tenants with good credit quality. Its Portfolio is composed of (i) assets located close (up to 40km) to the main urban centers of the country and (ii) assets that may be outside the 40km radius, but that have an atypical long-term lease agreement.
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R$7.55
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