Ten Desenvolvimento Fundo De Investimento Imobiliario (BSP:NAUI11) Scaled Net Operating Assets: 0.70 (As of Dec. 2025)


BSP:NAUI11 Ten Desenvolvimento Fundo De Investimento Imobiliario BSP:NAUI11
7 GF Score
Price R$1,000.00
! 1 Warning Sign
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What is Ten Desenvolvimento Fundo De Investimento Imobiliario Scaled Net Operating Assets?

Ten Desenvolvimento Fundo De Investimento Imobiliario BSP:NAUI11 7 Scaled Net Operating Assets is 0.70 as of Dec. 2025. GuruFocus rates BSP:NAUI11 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.

Ten Desenvolvimento Fundo De Investimento Imobiliario's operating assets for the quarter that ended in Dec. 2025 was R$20.41 Mil. Ten Desenvolvimento Fundo De Investimento Imobiliario's operating liabilities for the quarter that ended in Dec. 2025 was R$0.19 Mil. Ten Desenvolvimento Fundo De Investimento Imobiliario's Total Assets for the quarter that ended in Dec. 2024 was R$28.73 Mil. Therefore, Ten Desenvolvimento Fundo De Investimento Imobiliario's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.70.


Ten Desenvolvimento Fundo De Investimento Imobiliario Scaled Net Operating Assets Historical Data

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The historical data trend for Ten Desenvolvimento Fundo De Investimento Imobiliario'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.

Ten Desenvolvimento Fundo De Investimento Imobiliario Scaled Net Operating Assets Chart

Ten Desenvolvimento Fundo De Investimento Imobiliario Annual Data
Trend Dec24 Dec25
Scaled Net Operating Assets
0.99 0.70

Ten Desenvolvimento Fundo De Investimento Imobiliario Quarterly Data
Dec24 Dec25
Scaled Net Operating Assets 0.99 0.70

BSP:NAUI11 vs VICI, WPC: Scaled Net Operating Assets Comparison

For the REIT - Diversified subindustry, Ten Desenvolvimento Fundo De Investimento Imobiliario'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.


Ten Desenvolvimento Fundo De Investimento Imobiliario Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Ten Desenvolvimento Fundo De Investimento Imobiliario's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ten Desenvolvimento Fundo De Investimento Imobiliario's Scaled Net Operating Assets falls into.


BSP:NAUI11
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Ten Desenvolvimento Fundo De Investimento Imobiliario BSP:NAUI11
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ten Desenvolvimento Fundo De Investimento Imobiliario 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.

Ten Desenvolvimento Fundo De Investimento Imobiliario'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 )
=(20.414-0.186)/28.734
=0.70

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28.774 - 8.36
=20.414

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.186 - 0 - 0
=0.186

Ten Desenvolvimento Fundo De Investimento Imobiliario'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 )
=(20.414-0.186)/28.734
=0.70

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28.774 - 8.36
=20.414

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.186 - 0 - 0
=0.186

* 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 0.70 mean?
Ten Desenvolvimento Fundo De Investimento Imobiliario (BSP:NAUI11) has a Scaled Net Operating Assets of 0.70 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 Ten Desenvolvimento Fundo De Investimento Imobiliario and its competitors.
Is Ten Desenvolvimento Fundo De Investimento Imobiliario's Scaled Net Operating Assets too high?
Ten Desenvolvimento Fundo De Investimento Imobiliario's current Scaled Net Operating Assets is 0.70. Overall, Ten Desenvolvimento Fundo De Investimento Imobiliario has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Ten Desenvolvimento Fundo De Investimento Imobiliario's Scaled Net Operating Assets compare to VICI and WPC?
Ten Desenvolvimento Fundo De Investimento Imobiliario's Scaled Net Operating Assets of 0.70 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 Ten Desenvolvimento Fundo De Investimento Imobiliario and its competitors. Ten Desenvolvimento Fundo De Investimento Imobiliario's current Scaled Net Operating Assets is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ten Desenvolvimento Fundo De Investimento Imobiliario stock overvalued right now?
Ten Desenvolvimento Fundo De Investimento Imobiliario (BSP:NAUI11) has a current Scaled Net Operating Assets of 0.70. The current Scaled Net Operating Assets is 0.70. Ten Desenvolvimento Fundo De Investimento Imobiliario'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 Ten Desenvolvimento Fundo De Investimento Imobiliario (BSP:NAUI11), the current Scaled Net Operating Assets is 0.70 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.

Ten Desenvolvimento Fundo De Investimento Imobiliario Business Description

Industry Real EstateREITs
Address Gilberto Sabino Street, 215, 4th FLOOR, Pinheiros, Sao Paulo, SP, BRA, 5425020
Ten Desenvolvimento Fundo De Investimento Imobiliario is a real estate investment fund. The FUND aims to provide through investments: (i) in the acquisition of Real Estate; (ii) in the acquisition of shares in a company whose purpose is to develop projects and/or a developer duly contracted by the SPE for this purpose; and (iii) in investing in financial applications under the terms and limits of current legislation; aiming to make the investments made by the Quotaholders profitable through (a) the payment of remuneration arising from the exploitation of the Target Properties and/or real rights over such properties, which may be acquired the appreciation of the Fund's assets.
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