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BB Fundo Invest Imobiliario Progressivo (BSP:BBFI11B) ROE % : 2.12% (As of Dec. 2023)


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What is BB Fundo Invest Imobiliario Progressivo ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. BB Fundo Invest Imobiliario Progressivo's annualized net income for the quarter that ended in Dec. 2023 was R$5.81 Mil. BB Fundo Invest Imobiliario Progressivo's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was R$274.06 Mil. Therefore, BB Fundo Invest Imobiliario Progressivo's annualized ROE % for the quarter that ended in Dec. 2023 was 2.12%.

The historical rank and industry rank for BB Fundo Invest Imobiliario Progressivo's ROE % or its related term are showing as below:

BSP:BBFI11B' s ROE % Range Over the Past 10 Years
Min: -14.27   Med: 2.12   Max: 24.01
Current: 2.12

During the past 5 years, BB Fundo Invest Imobiliario Progressivo's highest ROE % was 24.01%. The lowest was -14.27%. And the median was 2.12%.

BSP:BBFI11B's ROE % is ranked worse than
61.08% of 794 companies
in the REITs industry
Industry Median: 4.32 vs BSP:BBFI11B: 2.12

BB Fundo Invest Imobiliario Progressivo ROE % Historical Data

The historical data trend for BB Fundo Invest Imobiliario Progressivo's ROE % 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.

* Premium members only.

BB Fundo Invest Imobiliario Progressivo ROE % Chart

BB Fundo Invest Imobiliario Progressivo Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
11.72 -10.86 24.01 -14.27 2.12

BB Fundo Invest Imobiliario Progressivo Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23
ROE % 11.72 -10.86 24.01 -14.27 2.12

Competitive Comparison of BB Fundo Invest Imobiliario Progressivo's ROE %

For the REIT - Office subindustry, BB Fundo Invest Imobiliario Progressivo's ROE %, along with its competitors' market caps and ROE % 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.


BB Fundo Invest Imobiliario Progressivo's ROE % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, BB Fundo Invest Imobiliario Progressivo's ROE % distribution charts can be found below:

* The bar in red indicates where BB Fundo Invest Imobiliario Progressivo's ROE % falls into.



BB Fundo Invest Imobiliario Progressivo ROE % Calculation

BB Fundo Invest Imobiliario Progressivo's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=5.811/( (281.654+266.473)/ 2 )
=5.811/274.0635
=2.12 %

BB Fundo Invest Imobiliario Progressivo's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Dec. 2022 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=5.811/( (281.654+266.473)/ 2 )
=5.811/274.0635
=2.12 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is one times the annual (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


BB Fundo Invest Imobiliario Progressivo  (BSP:BBFI11B) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=5.811/274.0635
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5.811 / 57.337)*(57.337 / 280.6645)*(280.6645 / 274.0635)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.13 %*0.2043*1.0241
=ROA %*Equity Multiplier
=2.07 %*1.0241
=2.12 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=5.811/274.0635
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (5.811 / 5.811) * (5.811 / 15.906) * (15.906 / 57.337) * (57.337 / 280.6645) * (280.6645 / 274.0635)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.3653 * 27.74 % * 0.2043 * 1.0241
=2.12 %

Note: The net income data used here is one times the annual (Dec. 2023) net income data. The Revenue data used here is one times the annual (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


BB Fundo Invest Imobiliario Progressivo ROE % Related Terms

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BB Fundo Invest Imobiliario Progressivo (BSP:BBFI11B) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Paulista, 2300, 11th Floor, Sao Paulo, SP, BRA, 1310300
BB Fundo Invest Imobiliario Progressivo is an investment REIT. The firm invests in commercial real estate developments that generate frequent revenue, such as commercial buildings, hospitals, shopping malls, distribution, and logistics centers. It is managed by Caixa Economica Federal. Its assets are leased to the Bank of Brazil.

BB Fundo Invest Imobiliario Progressivo (BSP:BBFI11B) Headlines

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