WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) Net Margin %: 45.64% (As of Mar. 2026) — 36% Below Median


BKK:WHABT WHA Business Complex Freehold and Leasehold Real Estate Investment Trust BKK:WHABT
66 GF Score
Price ฿5.95
GF Value ฿5.51
Valuation Fairly Valued
! 7 Warning Signs
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What is WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Net Margin %?

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust BKK:WHABT 66 Net Margin % is 45.64% as of Mar. 2026, which is 36% below its 10-year median of 71.24. GuruFocus rates BKK:WHABT with a GF Score™ of 66/100 and a GF Value™ of ฿5.51 (Fairly Valued). The stock has 7 warning signs investors should review. Among 928 REITs companies, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks better than 53.12% on this metric.

Net margin is calculated as Net Income divided by its Revenue. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Net Income for the three months ended in Mar. 2026 was ฿19.4 Mil. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Revenue for the three months ended in Mar. 2026 was ฿42.5 Mil. Therefore, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's net margin for the quarter that ended in Mar. 2026 was 45.64%.

The historical rank and industry rank for WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Net Margin % or its related term are showing as below:

BKK:WHABT' s Net Margin % Range Over the Past 10 Years
Min: 47.8   Med: 71.24   Max: 82
Current: 47.8


BKK:WHABT's Net Margin % is ranked better than
53.12% of 928 companies
in the REITs industry
Industry Median: 44.95 vs BKK:WHABT: 47.80

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust  (BKK:WHABT) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Net Margin % Related Terms


WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Net Margin % Historical Data

* Premium members only.

The historical data trend for WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Net Margin % 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.

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Net Margin % Chart

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 82.00 80.45 70.54 66.66 47.80

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 88.21 47.44 45.17 53.20 45.64

BKK:WHABT vs BXP, ARE, VNO: Net Margin % Comparison

For the REIT - Office subindustry, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Net Margin %, along with its competitors' market caps and Net Margin % 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.


WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Net Margin % vs REITs Industry

For the REITs industry and Real Estate sector, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Net Margin % distribution charts can be found below:

* The bar in red indicates where WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Net Margin % falls into.


BKK:WHABT
66GF Score
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust BKK:WHABT
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Net Margin for the fiscal year that ended in Mar. 2026 is calculated as

Net Margin=Net Income (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=84.605/177.006
=47.80 %

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=19.375/42.45
=45.64 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 45.64% mean?
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) has a Net Margin % of 45.64% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on WHA Business Complex Freehold and Leasehold Real Estate Investment Trust and its competitors. This is 36% below median its historical median of 71.24. Over the past decade, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Net Margin % has ranged from 47.80 to 82.00. According to the industry distribution chart, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks #435 out of 928 companies in the REITs industry, placing it in the top 46.9%.
Is WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Net Margin % too high?
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's current Net Margin % of 45.64% is 36% below median its 10-year median of 71.24. Over the past 10 years, this metric has ranged from a low of 47.80 to a high of 82.00. The REITs industry median Net Margin % is 44.95. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's value of 45.64% is 1.5% above this industry median. Based on the distribution chart, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks #435 out of 928 companies in the REITs industry, which is above the industry midpoint. Overall, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Net Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks #435 out of 928 companies for Net Margin %. This puts WHA Business Complex Freehold and Leasehold Real Estate Investment Trust in the upper half of its industry. The industry median Net Margin % is 44.95. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's value of 45.64% is 1.5% above this benchmark. Historically, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's own Net Margin % has ranged from 47.80 to 82.00 over the past decade. While the company's 10-year median is 71.24 vs. the industry median of 44.95, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 44.95, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's current Net Margin % of 45.64% is 1.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on WHA Business Complex Freehold and Leasehold Real Estate Investment Trust and its competitors. For the REITs industry, the median Net Margin % is 44.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's current Net Margin % is 45.64%, which is 36% below median its own 10-year median of 71.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WHA Business Complex Freehold and Leasehold Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) is currently considered Fairly Valued. The stock's GF Value™ is ฿5.51, compared to a current price of ฿5.95 — trading 8% above its estimated fair value. The current Net Margin % is 45.64%, which is 36% below median its 10-year median of 71.24 and 1.5% above the REITs industry median of 44.95. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's overall GF Score™ is 66/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT), the current Net Margin % is 45.64% as of Mar. 2026. 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.

Is WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) Overvalued in 2026?

Based on GuruFocus' analysis, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust stock appears to be overvalued. The current stock price of ฿5.95 is trading 8% above its estimated GF Value™ of ฿5.51. GuruFocus considers WHA Business Complex Freehold and Leasehold Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for BKK:WHABT:

  • Net Margin %: 45.64% (36% below median its 10-year median of 71.24)
  • GF Value™: ฿5.51 vs. price of ฿5.95 (8% above fair value)
  • GF Score™: 66/100 with 7 warning signs
  • Industry Position: 1.5% above the REITs median (#435 of 928)

No single metric tells the full story. See the BKK:WHABT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Business Description

Industry Real EstateREITs
Address South Sathorn Road, 1 Empire Tower, 32nd Floor, Yannawa, Sathorn, Bangkok, THA, 10120
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust is a closed-end property fund. The company is also involved in raising funds from investors, investing mostly in property or property leasehold rights. It operates in only one business segment which is the investment in property and the business operated in Thailand.
66GF Score

Get the complete analysis for BKK:WHABT

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

฿5.95
Price
฿5.51
GF Value