Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) Net Margin %: 394.43% (As of Dec. 2025) — 142% Above Median


BSP:MFII11 Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario BSP:MFII11
42 GF Score
Price R$50.71
GF Value R$35.23
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Net Margin %?

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario BSP:MFII11 +0.32% 42 Net Margin % is 394.43% as of Dec. 2025, which is 142% above its 10-year median of 162.72. GuruFocus rates BSP:MFII11 with a GF Score™ of 42/100 and a GF Value™ of R$35.23 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 928 REITs companies, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks better than 97.41% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Net Income for the six months ended in Dec. 2025 was R$70.58 Mil. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Revenue for the six months ended in Dec. 2025 was R$17.89 Mil. Therefore, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's net margin for the quarter that ended in Dec. 2025 was 394.43%.

The historical rank and industry rank for Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Net Margin % or its related term are showing as below:

BSP:MFII11' s Net Margin % Range Over the Past 10 Years
Min: -121.93   Med: 162.72   Max: 394.43
Current: 394.43


BSP:MFII11's Net Margin % is ranked better than
97.41% of 928 companies
in the REITs industry
Industry Median: 45.23 vs BSP:MFII11: 394.43

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario  (BSP:MFII11) 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.


Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Net Margin % Related Terms


Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Net Margin % Historical Data

* Premium members only.

The historical data trend for Merito Desenvolvimento Imobiliario I FII 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.

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Net Margin % Chart

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
-121.93 185.35 116.54 162.72 394.43

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin % -121.93 185.35 116.54 162.72 394.43

BSP:MFII11 vs VICI, WPC: Net Margin % Comparison

For the REIT - Diversified subindustry, Merito Desenvolvimento Imobiliario I FII 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.


Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Net Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Net Margin % distribution charts can be found below:

* The bar in red indicates where Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Net Margin % falls into.


BSP:MFII11
42GF Score
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario BSP:MFII11
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merito Desenvolvimento Imobiliario I FII 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.

Merito Desenvolvimento Imobiliario I FII 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 )
=70.576/17.893
=394.43 %

Merito Desenvolvimento Imobiliario I FII 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 )
=70.576/17.893
=394.43 %

* 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 394.43% mean?
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) has a Net Margin % of 394.43% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario and its competitors. This is 142% above median its historical median of 162.72. According to the industry distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #24 out of 928 companies in the REITs industry, placing it in the top 2.6%.
Is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Net Margin % too high?
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current Net Margin % of 394.43% is 142% above median its 10-year median of 162.72. The REITs industry median Net Margin % is 45.23. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's value of 394.43% is 772.1% above this industry median. Based on the distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #24 out of 928 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Net Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #24 out of 928 companies for Net Margin %. This places Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario in the top 3% of its industry — outperforming the majority of peers. The industry median Net Margin % is 45.23. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's value of 394.43% is 772.1% above this benchmark. While the company's 10-year median is 162.72 vs. the industry median of 45.23, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario 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 45.23, 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. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current Net Margin % of 394.43% is 772.1% 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 Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario and its competitors. For the REITs industry, the median Net Margin % is 45.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current Net Margin % is 394.43%, which is 142% above median its own 10-year median of 162.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) is currently considered Significantly Overvalued. The stock's GF Value™ is R$35.23, compared to a current price of R$50.71 — trading 43.9% above its estimated fair value. The current Net Margin % is 394.43%, which is 142% above median its 10-year median of 162.72 and 772.1% above the REITs industry median of 45.23. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's overall GF Score™ is 42/100 with 5 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 Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11), the current Net Margin % is 394.43% 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 Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) Overvalued in 2026?

Based on GuruFocus' analysis, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario stock appears to be overvalued. The current stock price of R$50.71 is trading 43.9% above its estimated GF Value™ of R$35.23. GuruFocus considers Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario to be Significantly Overvalued.

Key valuation signals for BSP:MFII11:

  • Net Margin %: 394.43% (142% above median its 10-year median of 162.72)
  • GF Value™: R$35.23 vs. price of R$50.71 (43.9% above fair value)
  • GF Score™: 42/100 with 5 warning signs
  • Industry Position: 772.1% above the REITs median (#24 of 928)

No single metric tells the full story. See the BSP:MFII11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Business Description

Industry Real EstateREITs
Address Rua Funchal, 418 - 21 andar, Sao Paulo, SP, BRA, 04548-004
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario is a real estate investment trust. It is engaged in the acquisition of interests in real estate development projects developed in partnership with developers.
42GF Score

Get the complete analysis for BSP:MFII11

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

R$50.71
Price
R$35.23
GF Value