Btsp II Fundo DE Investimento Imobiliario FII (BSP:BTSI11) Net Margin %: 175.52% (As of Dec. 2025) — 30% Below Median

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BSP:BTSI11 Btsp II Fundo DE Investimento Imobiliario FII BSP:BTSI11
14 GF Score
Price R$109.17
GF Value R$185.25
! 6 Warning Signs
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What is Btsp II Fundo DE Investimento Imobiliario FII Net Margin %?

Btsp II Fundo DE Investimento Imobiliario FII BSP:BTSI11 14 Net Margin % is 175.52% as of Dec. 2025, which is 30% below its 10-year median of 250.74. GuruFocus rates BSP:BTSI11 with a GF Score™ of 14/100 and a GF Value™ of R$185.25. The stock has 6 warning signs investors should review.

Net margin is calculated as Net Income divided by its Revenue. Btsp II Fundo DE Investimento Imobiliario FII's Net Income for the six months ended in Dec. 2025 was R$86.27 Mil. Btsp II Fundo DE Investimento Imobiliario FII's Revenue for the six months ended in Dec. 2025 was R$49.15 Mil. Therefore, Btsp II Fundo DE Investimento Imobiliario FII's net margin for the quarter that ended in Dec. 2025 was 175.52%.

The historical rank and industry rank for Btsp II Fundo DE Investimento Imobiliario FII's Net Margin % or its related term are showing as below:

BSP:BTSI11' s Net Margin % Range Over the Past 10 Years
Min: -3470.93   Med: 250.74   Max: 468.64
Current: 175.52


BSP:BTSI11's Net Margin % is not ranked
in the REITs industry.
Industry Median: 45.13 vs BSP:BTSI11: 175.52

Btsp II Fundo DE Investimento Imobiliario FII  (BSP:BTSI11) 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.


Btsp II Fundo DE Investimento Imobiliario FII Net Margin % Related Terms


Btsp II Fundo DE Investimento Imobiliario FII Net Margin % Historical Data

* Premium members only.

The historical data trend for Btsp II Fundo DE Investimento Imobiliario FII'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.

Btsp II Fundo DE Investimento Imobiliario FII Net Margin % Chart

Btsp II Fundo DE Investimento Imobiliario FII Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
0.00 -3,470.93 468.64 325.96 175.52

Btsp II Fundo DE Investimento Imobiliario FII Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin % 0.00 -3,470.93 468.64 325.96 175.52

BSP:BTSI11 vs PLD, PSA, EXR: Net Margin % Comparison

For the REIT - Industrial subindustry, Btsp II Fundo DE Investimento Imobiliario FII'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.


Btsp II Fundo DE Investimento Imobiliario FII Net Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Btsp II Fundo DE Investimento Imobiliario FII's Net Margin % distribution charts can be found below:

* The bar in red indicates where Btsp II Fundo DE Investimento Imobiliario FII's Net Margin % falls into.


BSP:BTSI11
14GF Score
Btsp II Fundo DE Investimento Imobiliario FII BSP:BTSI11
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Btsp II Fundo DE Investimento Imobiliario FII 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.

Btsp II Fundo DE Investimento Imobiliario FII'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 )
=86.268/49.15
=175.52 %

Btsp II Fundo DE Investimento Imobiliario FII'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 )
=86.268/49.15
=175.52 %

* 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 175.52% mean?
Btsp II Fundo DE Investimento Imobiliario FII (BSP:BTSI11) has a Net Margin % of 175.52% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Btsp II Fundo DE Investimento Imobiliario FII and its competitors. This is 30% below median its historical median of 250.74.
Is Btsp II Fundo DE Investimento Imobiliario FII's Net Margin % too high?
Btsp II Fundo DE Investimento Imobiliario FII's current Net Margin % of 175.52% is 30% below median its 10-year median of 250.74. The REITs industry median Net Margin % is 45.13. Btsp II Fundo DE Investimento Imobiliario FII's value of 175.52% is 288.9% above this industry median. Overall, Btsp II Fundo DE Investimento Imobiliario FII has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Btsp II Fundo DE Investimento Imobiliario FII's Net Margin % compare to PLD and PSA?
Btsp II Fundo DE Investimento Imobiliario FII's Net Margin % of 175.52% can be compared against companies in the REITs industry. The industry median Net Margin % is 45.13. Btsp II Fundo DE Investimento Imobiliario FII's value of 175.52% is 288.9% above this benchmark. While the company's 10-year median is 250.74 vs. the industry median of 45.13, Btsp II Fundo DE Investimento Imobiliario FII 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 45.13, based on 925 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. Btsp II Fundo DE Investimento Imobiliario FII's current Net Margin % of 175.52% is 288.9% 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 Btsp II Fundo DE Investimento Imobiliario FII and its competitors. For the REITs industry, the median Net Margin % is 45.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Btsp II Fundo DE Investimento Imobiliario FII's current Net Margin % is 175.52%, which is 30% below median its own 10-year median of 250.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Btsp II Fundo DE Investimento Imobiliario FII stock overvalued right now?
Btsp II Fundo DE Investimento Imobiliario FII (BSP:BTSI11) has a current Net Margin % of 175.52%. The stock's GF Value™ is R$185.25, compared to a current price of R$109.17 — trading 41.1% below its estimated fair value. The current Net Margin % is 175.52%, which is 30% below median its 10-year median of 250.74 and 288.9% above the REITs industry median of 45.13. Btsp II Fundo DE Investimento Imobiliario FII's overall GF Score™ is 14/100 with 6 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 Btsp II Fundo DE Investimento Imobiliario FII (BSP:BTSI11), the current Net Margin % is 175.52% 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 Btsp II Fundo DE Investimento Imobiliario FII (BSP:BTSI11) Overvalued in 2026?

Based on GuruFocus' analysis, Btsp II Fundo DE Investimento Imobiliario FII stock appears to be undervalued. The current stock price of R$109.17 is trading 41.1% below its estimated GF Value™ of R$185.25.

Key valuation signals for BSP:BTSI11:

  • Net Margin %: 175.52% (30% below median its 10-year median of 250.74)
  • GF Value™: R$185.25 vs. price of R$109.17 (41.1% below fair value)
  • GF Score™: 14/100 with 6 warning signs
  • Industry Position: 288.9% above the REITs median

No single metric tells the full story. See the BSP:BTSI11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Btsp II Fundo DE Investimento Imobiliario FII Business Description

Industry Real EstateREITs
Address Avenida Barbacena, 1219, 21st Floor, PARTE, Santo Agostinho, Belo Horizonte, MG, BRA, 30190131
Btsp II Fundo DE Investimento Imobiliario FII is a closed end fund. The fund aims to develop real estate ventures focused on logistics and industrial operations, located in the Southeast and Midwest Regions, through the acquisition of land for construction or the acquisition of properties under construction or completed, for subsequent lease, rental or sale, including assets and rights related thereto, as well as other properties with potential income generation, and assets and rights related thereto.
14GF Score

Get the complete analysis for BSP:BTSI11

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

R$109.17
Price
R$185.25
GF Value