CovivioFNCDY 60 Net Margin % is 56.83% as of Dec. 2025, which is 22% below its 10-year median of 73.11. GuruFocus rates FNCDY with a GF Score™ of 60/100 and a GF Value™ of $11.16 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 928 REITs companies, Covivio ranks better than 56.25% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Covivio's Net Income for the
six
months ended in Dec. 2025 was $466 Mil. Covivio's Revenue for the
six
months ended in Dec. 2025 was $819 Mil. Therefore, Covivio's net margin for the quarter that ended in Dec. 2025 was 56.83%.
The historical rank and industry rank for Covivio's Net Margin % or its related term are showing as below:
FNCDY'
s Net Margin % Range Over the Past 10 Years
Min: -115.68 Med: 73.11 Max: 106.61
Current: 52.92
FNCDY's Net Margin % is ranked better than 56.25% of 928
companies
in the REITs industry
Industry Median: 44.95
vs FNCDY: 52.92
Covivio (OTCPK:FNCDY) 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.
Covivio Net Margin % Related Terms
Covivio Net Margin % Historical Data
* Premium members only.
The historical data trend for Covivio'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.
For the REIT - Diversified subindustry, Covivio'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.
Covivio Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Covivio's Net Margin % distribution charts can be found below:
* The bar in red indicates where Covivio's Net Margin % falls into.
* 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.
Covivio (FNCDY) has a Net Margin % of 56.83% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Covivio and its competitors. This is 22% below median its historical median of 73.11. According to the industry distribution chart, Covivio ranks #406 out of 928 companies in the REITs industry, placing it in the top 43.7%.
Is Covivio's Net Margin % too high?
Covivio's current Net Margin % of 56.83% is 22% below median its 10-year median of 73.11. The REITs industry median Net Margin % is 44.95. Covivio's value of 56.83% is 26.4% above this industry median. Based on the distribution chart, Covivio ranks #406 out of 928 companies in the REITs industry, which is above the industry midpoint. Overall, Covivio has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Covivio's Net Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Covivio ranks #406 out of 928 companies for Net Margin %. This puts Covivio in the upper half of its industry. The industry median Net Margin % is 44.95. Covivio's value of 56.83% is 26.4% above this benchmark. While the company's 10-year median is 73.11 vs. the industry median of 44.95, Covivio 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. Covivio's current Net Margin % of 56.83% is 26.4% 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 Covivio 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. Covivio's current Net Margin % is 56.83%, which is 22% below median its own 10-year median of 73.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covivio stock overvalued right now?
Based on GuruFocus' analysis, Covivio (FNCDY) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.16, compared to a current price of $17.03 — trading 52.6% above its estimated fair value. The current Net Margin % is 56.83%, which is 22% below median its 10-year median of 73.11 and 26.4% above the REITs industry median of 44.95. Covivio's overall GF Score™ is 60/100 with 8 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 Covivio (FNCDY), the current Net Margin % is 56.83% 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 Covivio (FNCDY) Overvalued in 2026?
Based on GuruFocus' analysis, Covivio stock appears to be overvalued.
The current stock price of $17.03 is trading 52.6% above its estimated GF Value™ of $11.16.
GuruFocus considers Covivio to be Significantly Overvalued.
Key valuation signals for FNCDY:
Net Margin %: 56.83% (22% below median its 10-year median of 73.11)
GF Value™: $11.16 vs. price of $17.03 (52.6% above fair value)
Industry Position: 26.4% above the REITs median (#406 of 928)
No single metric tells the full story. See the FNCDY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Covivio SA is a French real estate investment trust involved in the ownership of properties mainly in France, Italy, and Germany. The majority of the properties in the company's real estate portfolio are office buildings located in Paris and Milan. German residential properties also represent a significant percentage of its total assets. Fonciere des Regions derives nearly all of its revenue in the form of rental income from the ownership and maintenance of its portfolio of properties. French offices generate the majority revenue for the company, while Italian office buildings and German residential buildings in Berlin, Hamburg, and Dresden also contribute sizable income streams.
60GF Score
Get the complete analysis for FNCDY
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FNCDY has been successfully added to your 
