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Mapletree Industrial TrustHAM:M2L 72 Net Margin % is 58.50% as of Jun. 2026, which is 9% below its 10-year median of 64.04. GuruFocus rates HAM:M2L with a GF Score™ of 72/100 and a GF Value™ of €1.36 (Fairly Valued). The stock has 7 warning signs investors should review. Among 913 REITs companies, Mapletree Industrial Trust ranks worse than 60.13% on this metric.
Mapletree Industrial Trust (HAM:M2L) 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.
Mapletree Industrial Trust Net Margin % Related Terms
Mapletree Industrial Trust Net Margin % Historical Data
* 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 - Industrial subindustry, Mapletree Industrial Trust'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.
Mapletree Industrial Trust Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Mapletree Industrial Trust's Net Margin % distribution charts can be found below:
* The bar in red indicates where Mapletree Industrial Trust'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.
Mapletree Industrial Trust (HAM:M2L) has a Net Margin % of 58.50% as of Jun. 2026. Net margin is the ratio of total net income to net sales. View historical data on Mapletree Industrial Trust and its competitors. This is near median its historical median of 64.04. Over the past decade, Mapletree Industrial Trust's Net Margin % has ranged from 18.24 to 96.84. According to the industry distribution chart, Mapletree Industrial Trust ranks #549 out of 913 companies in the REITs industry, placing it in the top 60.1%.
Is Mapletree Industrial Trust's Net Margin % too high?
Mapletree Industrial Trust's current Net Margin % of 58.50% is near median its 10-year median of 64.04. Over the past 10 years, this metric has ranged from a low of 18.24 to a high of 96.84. The REITs industry median Net Margin % is 45.43. Mapletree Industrial Trust's value of 58.50% is 28.8% above this industry median. Based on the distribution chart, Mapletree Industrial Trust ranks #549 out of 913 companies in the REITs industry, which is below the industry midpoint. Overall, Mapletree Industrial Trust has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mapletree Industrial Trust's Net Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, Mapletree Industrial Trust ranks #549 out of 913 companies for Net Margin %. This places Mapletree Industrial Trust in the lower half of its industry. The industry median Net Margin % is 45.43. Mapletree Industrial Trust's value of 58.50% is 28.8% above this benchmark. Historically, Mapletree Industrial Trust's own Net Margin % has ranged from 18.24 to 96.84 over the past decade. While the company's 10-year median is 64.04 vs. the industry median of 45.43, Mapletree Industrial Trust 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 45.43, based on 913 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. Mapletree Industrial Trust's current Net Margin % of 58.50% is 28.8% 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 Mapletree Industrial Trust 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. Mapletree Industrial Trust's current Net Margin % is 58.50%, which is near median its own 10-year median of 64.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mapletree Industrial Trust stock overvalued right now?
Based on GuruFocus' analysis, Mapletree Industrial Trust (HAM:M2L) is currently considered Fairly Valued. The stock's GF Value™ is €1.36, compared to a current price of €1.30 — trading 4.4% below its estimated fair value. The current Net Margin % is 58.50%, which is near median its 10-year median of 64.04 and 28.8% above the REITs industry median of 45.43. Mapletree Industrial Trust's overall GF Score™ is 72/100 with 7 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 Mapletree Industrial Trust (HAM:M2L), the current Net Margin % is 58.50% as of Jun. 2026. 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 Mapletree Industrial Trust (HAM:M2L) Overvalued in 2026?
Based on GuruFocus' analysis, Mapletree Industrial Trust stock appears to be undervalued.
The current stock price of €1.30 is trading 4.4% below its estimated GF Value™ of €1.36.
GuruFocus considers Mapletree Industrial Trust to be Fairly Valued.
Key valuation signals for HAM:M2L:
Net Margin %: 58.50% (near median its 10-year median of 64.04)
GF Value™: €1.36 vs. price of €1.30 (4.4% below fair value)
Industry Position: 28.8% above the REITs median (#549 of 913)
No single metric tells the full story. See the HAM:M2L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mapletree Industrial Trust is a real estate investment trust focused on industrial properties and data centers. Its property portfolio consists of 136 properties in Singapore, North America, and Japan. Types of property owned include data centers, high-tech buildings, business parks, and general industrial. The trust is externally managed by Mapletree Industrial Trust Management Limited, a subsidiary of its sponsor, which owns around 31% stake in the trust.
72GF Score
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