Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario (BSP:BLMO11) Net Margin %: -3.75% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:BLMO11 Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario BSP:BLMO11
74 GF Score
Price R$88.88
GF Value R$115.16
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario Net Margin %?

Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario BSP:BLMO11 74 Net Margin % is -3.75% as of Dec. 2025. GuruFocus rates BSP:BLMO11 with a GF Score™ of 74/100 and a GF Value™ of R$115.16 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 917 REITs companies, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario ranks worse than 83.42% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's Net Income for the six months ended in Dec. 2025 was R$-0.27 Mil. Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's Revenue for the six months ended in Dec. 2025 was R$7.25 Mil. Therefore, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's net margin for the quarter that ended in Dec. 2025 was -3.75%.

The historical rank and industry rank for Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's Net Margin % or its related term are showing as below:

BSP:BLMO11' s Net Margin % Range Over the Past 10 Years
Min: -318.55   Med: 222.02   Max: 456.42
Current: -3.75


BSP:BLMO11's Net Margin % is ranked worse than
83.42% of 917 companies
in the REITs industry
Industry Median: 45.43 vs BSP:BLMO11: -3.75

Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario  (BSP:BLMO11) 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.


Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario Net Margin % Related Terms


Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario Net Margin % Historical Data

* Premium members only.

The historical data trend for Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario'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.

Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario Net Margin % Chart

Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial 344.60 355.16 -318.55 99.43 -3.75

Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin % Get a 7-Day Free Trial 344.60 355.16 -318.55 99.43 -3.75

BSP:BLMO11 vs VICI, WPC: Net Margin % Comparison

For the REIT - Diversified subindustry, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario'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.


Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario Net Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's Net Margin % distribution charts can be found below:

* The bar in red indicates where Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's Net Margin % falls into.


BSP:BLMO11
74GF Score
Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario BSP:BLMO11
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario 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.

Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-0.272/7.246
=-3.75 %

Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's Net Margin for the quarter that ended in Dec. 2025 is calculated as

Net Margin=Net Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-0.272/7.246
=-3.75 %

* 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 -3.75% mean?
Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario (BSP:BLMO11) has a Net Margin % of -3.75% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario and its competitors. According to the industry distribution chart, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario ranks #765 out of 917 companies in the REITs industry, placing it in the top 83.4%.
Is Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's Net Margin % too high?
Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's current Net Margin % is -3.75%. Based on the distribution chart, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario ranks #765 out of 917 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's Net Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario ranks #765 out of 917 companies for Net Margin %. This places Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario in the lower half of its industry. The industry median Net Margin % is 45.43. 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 45.43, based on 917 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. 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 Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario and its competitors. For the REITs industry, the median Net Margin % is 45.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's current Net Margin % is -3.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario (BSP:BLMO11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$115.16, compared to a current price of R$88.88 — trading 22.8% below its estimated fair value. The current Net Margin % is -3.75%. Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's overall GF Score™ is 74/100 with 2 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 Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario (BSP:BLMO11), the current Net Margin % is -3.75% 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.

Is Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario (BSP:BLMO11) Overvalued in 2026?

Based on GuruFocus' analysis, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario stock appears to be undervalued. The current stock price of R$88.88 is trading 22.8% below its estimated GF Value™ of R$115.16. GuruFocus considers Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario to be Modestly Undervalued.

Key valuation signals for BSP:BLMO11:

  • Net Margin %: -3.75%
  • GF Value™: R$115.16 vs. price of R$88.88 (22.8% below fair value)
  • GF Score™: 74/100 with 2 warning signs

No single metric tells the full story. See the BSP:BLMO11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario Business Description

Industry Real EstateREITs
Address Iguatemi, 151, 19 Andar, São Paulo, SP, BRA, 1451011
Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario invests in real estate, in addition to obtaining income and eventual gain of capital, to be obtained through the acquisition of Real Estate Assets ready for subsequent rental and/or disposal.
74GF Score

Get the complete analysis for BSP:BLMO11

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

R$88.88
Price
R$115.16
GF Value