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Tokaido REITTSE:2989 44 Net Margin % is 45.50% as of Jan. 2026, which is 4% below its 10-year median of 47.56. GuruFocus rates TSE:2989 with a GF Score™ of 44/100 and a GF Value™ of 円130,489.16 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 918 REITs companies, Tokaido REIT ranks better than 50.33% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Tokaido REIT's Net Income for the
six
months ended in Jan. 2026 was 円1,054 Mil. Tokaido REIT's Revenue for the
six
months ended in Jan. 2026 was 円2,316 Mil. Therefore, Tokaido REIT's net margin for the quarter that ended in Jan. 2026 was 45.50%.
The historical rank and industry rank for Tokaido REIT's Net Margin % or its related term are showing as below:
TSE:2989'
s Net Margin % Range Over the Past 10 Years
Min: 32.18 Med: 47.56 Max: 49.85
Current: 45.97
TSE:2989's Net Margin % is ranked better than 50.33% of 918
companies
in the REITs industry
Industry Median: 45.815
vs TSE:2989: 45.97
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.
Tokaido REIT Net Margin % Related Terms
Tokaido REIT Net Margin % Historical Data
* Premium members only.
The historical data trend for Tokaido REIT'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, Tokaido REIT'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.
Tokaido REIT Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Tokaido REIT's Net Margin % distribution charts can be found below:
* The bar in red indicates where Tokaido REIT'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.
Tokaido REIT (TSE:2989) has a Net Margin % of 45.50% as of Jan. 2026. Net margin is the ratio of total net income to net sales. View historical data on Tokaido REIT and its competitors. This is near median its historical median of 47.56. Over the past decade, Tokaido REIT's Net Margin % has ranged from 32.18 to 49.85. According to the industry distribution chart, Tokaido REIT ranks #456 out of 918 companies in the REITs industry, placing it in the top 49.7%.
Is Tokaido REIT's Net Margin % too high?
Tokaido REIT's current Net Margin % of 45.50% is near median its 10-year median of 47.56. Over the past 10 years, this metric has ranged from a low of 32.18 to a high of 49.85. The REITs industry median Net Margin % is 45.82. Tokaido REIT's value of 45.50% is 0.7% below this industry median. Based on the distribution chart, Tokaido REIT ranks #456 out of 918 companies in the REITs industry, which is above the industry midpoint. Overall, Tokaido REIT has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tokaido REIT's Net Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Tokaido REIT ranks #456 out of 918 companies for Net Margin %. This puts Tokaido REIT in the upper half of its industry. The industry median Net Margin % is 45.82. Tokaido REIT's value of 45.50% is 0.7% below this benchmark. Historically, Tokaido REIT's own Net Margin % has ranged from 32.18 to 49.85 over the past decade. While the company's 10-year median is 47.56 vs. the industry median of 45.82, Tokaido REIT has consistently been below 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 45.82, based on 918 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. Tokaido REIT's current Net Margin % of 45.50% is 0.7% below 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 Tokaido REIT and its competitors. For the REITs industry, the median Net Margin % is 45.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokaido REIT's current Net Margin % is 45.50%, which is near median its own 10-year median of 47.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokaido REIT stock overvalued right now?
Based on GuruFocus' analysis, Tokaido REIT (TSE:2989) is currently considered Modestly Undervalued. The stock's GF Value™ is 円130,489.16, compared to a current price of 円98,600.00 — trading 24.4% below its estimated fair value. The current Net Margin % is 45.50%, which is near median its 10-year median of 47.56 and 0.7% below the REITs industry median of 45.82. Tokaido REIT's overall GF Score™ is 44/100 with 4 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 Tokaido REIT (TSE:2989), the current Net Margin % is 45.50% as of Jan. 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 Tokaido REIT (TSE:2989) Overvalued in 2026?
Based on GuruFocus' analysis, Tokaido REIT stock appears to be undervalued.
The current stock price of 円98,600.00 is trading 24.4% below its estimated GF Value™ of 円130,489.16.
GuruFocus considers Tokaido REIT to be Modestly Undervalued.
Key valuation signals for TSE:2989:
Net Margin %: 45.50% (near median its 10-year median of 47.56)
GF Value™: 円130,489.16 vs. price of 円98,600.00 (24.4% below fair value)
Industry Position: 0.7% below the REITs median (#456 of 918)
No single metric tells the full story. See the TSE:2989 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.
44GF Score
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