Hedge Realty Development Fundo Investimento Imobiliario FII (BSP:HRDF11) Scaled Net Operating Assets: 1.12 (As of Dec. 2025)


BSP:HRDF11 Hedge Realty Development Fundo Investimento Imobiliario FII BSP:HRDF11
19 GF Score
Price R$5.08
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What is Hedge Realty Development Fundo Investimento Imobiliario FII Scaled Net Operating Assets?

Hedge Realty Development Fundo Investimento Imobiliario FII BSP:HRDF11 19 Scaled Net Operating Assets is 1.12 as of Dec. 2025. GuruFocus rates BSP:HRDF11 with a GF Score™ of 19/100.

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

Hedge Realty Development Fundo Investimento Imobiliario FII's operating assets for the quarter that ended in Dec. 2025 was R$13.24 Mil. Hedge Realty Development Fundo Investimento Imobiliario FII's operating liabilities for the quarter that ended in Dec. 2025 was R$0.04 Mil. Hedge Realty Development Fundo Investimento Imobiliario FII's Total Assets for the quarter that ended in Dec. 2024 was R$11.76 Mil. Therefore, Hedge Realty Development Fundo Investimento Imobiliario FII's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.12.

BSP:HRDF11
19GF Score
Hedge Realty Development Fundo Investimento Imobiliario FII BSP:HRDF11
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hedge Realty Development Fundo Investimento Imobiliario 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.

Hedge Realty Development Fundo Investimento Imobiliario 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 )
=(13.244-0.04)/11.758
=1.12

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=13.246 - 0.002
=13.244

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.04 - 0 - 0
=0.04

Hedge Realty Development Fundo Investimento Imobiliario 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 )
=(13.244-0.04)/11.758
=1.12

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=13.246 - 0.002
=13.244

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.04 - 0 - 0
=0.04

* 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 1.12 mean?
Hedge Realty Development Fundo Investimento Imobiliario FII (BSP:HRDF11) has a Scaled Net Operating Assets of 1.12 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 Hedge Realty Development Fundo Investimento Imobiliario FII and its competitors.
Is Hedge Realty Development Fundo Investimento Imobiliario FII's Scaled Net Operating Assets too high?
Hedge Realty Development Fundo Investimento Imobiliario FII's current Scaled Net Operating Assets is 1.12. Overall, Hedge Realty Development Fundo Investimento Imobiliario FII has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Hedge Realty Development Fundo Investimento Imobiliario FII's Scaled Net Operating Assets compare to VICI and WPC?
Hedge Realty Development Fundo Investimento Imobiliario FII's Scaled Net Operating Assets of 1.12 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 Hedge Realty Development Fundo Investimento Imobiliario FII and its competitors. Hedge Realty Development Fundo Investimento Imobiliario FII's current Scaled Net Operating Assets is 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedge Realty Development Fundo Investimento Imobiliario FII stock overvalued right now?
Hedge Realty Development Fundo Investimento Imobiliario FII (BSP:HRDF11) has a current Scaled Net Operating Assets of 1.12. The current Scaled Net Operating Assets is 1.12. Hedge Realty Development Fundo Investimento Imobiliario FII's overall GF Score™ is 19/100. 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 Hedge Realty Development Fundo Investimento Imobiliario FII (BSP:HRDF11), the current Scaled Net Operating Assets is 1.12 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.

Hedge Realty Development Fundo Investimento Imobiliario FII Business Description

Industry Real EstateREITs
Address Avenue Horacio Lafer, 160, 9th Floor, Itaim Bibi, Sao Paulo, BRA
Hedge Realty Development Fundo Investimento Imobiliario FII is a closed-end fund. The Fund's objective is to provide its shareholders with long-term appreciation and profitability of their shares, predominantly through investment.
19GF 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$5.08
Price