Hedge Realty Development Fundo Investimento Imobiliario FII (BSP:HRDF11) Net Margin %: 95.01% (As of Dec. 2025) — 10% Below Median


BSP:HRDF11 Hedge Realty Development Fundo Investimento Imobiliario FII BSP:HRDF11
19 GF Score
Price R$5.10
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What is Hedge Realty Development Fundo Investimento Imobiliario FII Net Margin %?

Hedge Realty Development Fundo Investimento Imobiliario FII BSP:HRDF11 19 Net Margin % is 95.01% as of Dec. 2025, which is 10% below its 10-year median of 105.12. GuruFocus rates BSP:HRDF11 with a GF Score™ of 19/100. Among 928 REITs companies, Hedge Realty Development Fundo Investimento Imobiliario FII ranks better than 82.54% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Hedge Realty Development Fundo Investimento Imobiliario FII's Net Income for the six months ended in Dec. 2025 was R$1.49 Mil. Hedge Realty Development Fundo Investimento Imobiliario FII's Revenue for the six months ended in Dec. 2025 was R$1.56 Mil. Therefore, Hedge Realty Development Fundo Investimento Imobiliario FII's net margin for the quarter that ended in Dec. 2025 was 95.01%.

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

BSP:HRDF11' s Net Margin % Range Over the Past 10 Years
Min: 95.01   Med: 105.12   Max: 180.54
Current: 95.01


BSP:HRDF11's Net Margin % is ranked better than
82.54% of 928 companies
in the REITs industry
Industry Median: 44.95 vs BSP:HRDF11: 95.01

Hedge Realty Development Fundo Investimento Imobiliario FII  (BSP:HRDF11) 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.


Hedge Realty Development Fundo Investimento Imobiliario FII Net Margin % Related Terms


Hedge Realty Development Fundo Investimento Imobiliario FII Net Margin % Historical Data

* Premium members only.

The historical data trend for Hedge Realty Development Fundo 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.

Hedge Realty Development Fundo Investimento Imobiliario FII Net Margin % Chart

Hedge Realty Development Fundo Investimento Imobiliario FII Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial 105.12 118.75 96.44 180.54 95.01

Hedge Realty Development Fundo Investimento Imobiliario FII Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin % Get a 7-Day Free Trial 105.12 118.75 96.44 180.54 95.01

BSP:HRDF11 vs VICI, WPC: Net Margin % Comparison

For the REIT - Diversified subindustry, Hedge Realty Development Fundo 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.


Hedge Realty Development Fundo Investimento Imobiliario FII Net Margin % vs REITs Industry

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

* The bar in red indicates where Hedge Realty Development Fundo Investimento Imobiliario FII's Net Margin % falls into.


BSP:HRDF11
19GF Score
Hedge Realty Development Fundo Investimento Imobiliario FII BSP:HRDF11
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hedge Realty Development Fundo 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.

Hedge Realty Development Fundo 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 )
=1.486/1.564
=95.01 %

Hedge Realty Development Fundo 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 )
=1.486/1.564
=95.01 %

* 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 95.01% mean?
Hedge Realty Development Fundo Investimento Imobiliario FII (BSP:HRDF11) has a Net Margin % of 95.01% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Hedge Realty Development Fundo Investimento Imobiliario FII and its competitors. This is 10% below median its historical median of 105.12. Over the past decade, Hedge Realty Development Fundo Investimento Imobiliario FII's Net Margin % has ranged from 95.01 to 180.54. According to the industry distribution chart, Hedge Realty Development Fundo Investimento Imobiliario FII ranks #162 out of 928 companies in the REITs industry, placing it in the top 17.5%.
Is Hedge Realty Development Fundo Investimento Imobiliario FII's Net Margin % too high?
Hedge Realty Development Fundo Investimento Imobiliario FII's current Net Margin % of 95.01% is 10% below median its 10-year median of 105.12. Over the past 10 years, this metric has ranged from a low of 95.01 to a high of 180.54. The REITs industry median Net Margin % is 44.95. Hedge Realty Development Fundo Investimento Imobiliario FII's value of 95.01% is 111.4% above this industry median. Based on the distribution chart, Hedge Realty Development Fundo Investimento Imobiliario FII ranks #162 out of 928 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Hedge Realty Development Fundo Investimento Imobiliario FII has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Hedge Realty Development Fundo Investimento Imobiliario FII's Net Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Hedge Realty Development Fundo Investimento Imobiliario FII ranks #162 out of 928 companies for Net Margin %. This places Hedge Realty Development Fundo Investimento Imobiliario FII in the top 18% of its industry — outperforming the majority of peers. The industry median Net Margin % is 44.95. Hedge Realty Development Fundo Investimento Imobiliario FII's value of 95.01% is 111.4% above this benchmark. Historically, Hedge Realty Development Fundo Investimento Imobiliario FII's own Net Margin % has ranged from 95.01 to 180.54 over the past decade. While the company's 10-year median is 105.12 vs. the industry median of 44.95, Hedge Realty Development Fundo 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 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. Hedge Realty Development Fundo Investimento Imobiliario FII's current Net Margin % of 95.01% is 111.4% 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 Hedge Realty Development Fundo Investimento Imobiliario FII 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. Hedge Realty Development Fundo Investimento Imobiliario FII's current Net Margin % is 95.01%, which is 10% below median its own 10-year median of 105.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedge Realty Development Fundo Investimento Imobiliario FII stock overvalued right now?
Hedge Realty Development Fundo Investimento Imobiliario FII (BSP:HRDF11) has a current Net Margin % of 95.01%. The current Net Margin % is 95.01%, which is 10% below median its 10-year median of 105.12 and 111.4% above the REITs industry median of 44.95. Hedge Realty Development Fundo Investimento Imobiliario FII's overall GF Score™ is 19/100. 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 Hedge Realty Development Fundo Investimento Imobiliario FII (BSP:HRDF11), the current Net Margin % is 95.01% 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.

Hedge Realty Development Fundo Investimento Imobiliario FII Business Description

Industry Real EstateREITs
Address Avenue Horacio Lafer, 160, 9th Floor, Itaim Bibi, Sao Paulo, BRA
Hedge Realty Development Fundo Investimento Imobiliario FII is a closed-end fund. The Fund's objective is to provide its shareholders with long-term appreciation and profitability of their shares, predominantly through investment.
19GF Score

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

R$5.10
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