Tosei Reit Investment (TSE:3451) Net Margin %: 39.28% (As of Apr. 2026) — Near Median


TSE:3451 Tosei Reit Investment Corp TSE:3451
62 GF Score
Price 円134,300.00
GF Value 円142,503.42
Valuation Fairly Valued
! 5 Warning Signs
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What is Tosei Reit Investment Net Margin %?

Tosei Reit Investment TSE:3451 +0.60% 62 Net Margin % is 39.28% as of Apr. 2026, which is 1% below its 10-year median of 39.60. GuruFocus rates TSE:3451 with a GF Score™ of 62/100 and a GF Value™ of 円142,503.42 (Fairly Valued). The stock has 5 warning signs investors should review. Among 932 REITs companies, Tosei Reit Investment ranks worse than 56.55% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Tosei Reit Investment's Net Income for the six months ended in Apr. 2026 was 円1,478 Mil. Tosei Reit Investment's Revenue for the six months ended in Apr. 2026 was 円3,763 Mil. Therefore, Tosei Reit Investment's net margin for the quarter that ended in Apr. 2026 was 39.28%.

The historical rank and industry rank for Tosei Reit Investment's Net Margin % or its related term are showing as below:

TSE:3451' s Net Margin % Range Over the Past 10 Years
Min: 38.3   Med: 39.6   Max: 42.67
Current: 39.21


TSE:3451's Net Margin % is ranked worse than
56.55% of 932 companies
in the REITs industry
Industry Median: 45.23 vs TSE:3451: 39.21

Tosei Reit Investment  (TSE:3451) 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.


Tosei Reit Investment Net Margin % Related Terms


Tosei Reit Investment Net Margin % Historical Data

* Premium members only.

The historical data trend for Tosei Reit Investment'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.

Tosei Reit Investment Net Margin % Chart

Tosei Reit Investment Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.88 38.60 38.30 38.71 39.00

Tosei Reit Investment Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.75 38.66 38.86 39.14 39.28

TSE:3451 vs VICI, WPC: Net Margin % Comparison

For the REIT - Diversified subindustry, Tosei Reit Investment'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.


Tosei Reit Investment Net Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Tosei Reit Investment's Net Margin % distribution charts can be found below:

* The bar in red indicates where Tosei Reit Investment's Net Margin % falls into.


TSE:3451
62GF Score
Tosei Reit Investment Corp TSE:3451
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tosei Reit Investment 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.

Tosei Reit Investment's Net Margin for the fiscal year that ended in Oct. 2025 is calculated as

Net Margin=Net Income (A: Oct. 2025 )/Revenue (A: Oct. 2025 )
=2894.344/7421.001
=39.00 %

Tosei Reit Investment's Net Margin for the quarter that ended in Apr. 2026 is calculated as

Net Margin=Net Income (Q: Apr. 2026 )/Revenue (Q: Apr. 2026 )
=1478.012/3762.646
=39.28 %

* 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 39.28% mean?
Tosei Reit Investment (TSE:3451) has a Net Margin % of 39.28% as of Apr. 2026. Net margin is the ratio of total net income to net sales. View historical data on Tosei Reit Investment and its competitors. This is near median its historical median of 39.60. Over the past decade, Tosei Reit Investment's Net Margin % has ranged from 38.30 to 42.67. According to the industry distribution chart, Tosei Reit Investment ranks #527 out of 932 companies in the REITs industry, placing it in the top 56.5%.
Is Tosei Reit Investment's Net Margin % too high?
Tosei Reit Investment's current Net Margin % of 39.28% is near median its 10-year median of 39.60. Over the past 10 years, this metric has ranged from a low of 38.30 to a high of 42.67. The REITs industry median Net Margin % is 45.23. Tosei Reit Investment's value of 39.28% is 13.2% below this industry median. Based on the distribution chart, Tosei Reit Investment ranks #527 out of 932 companies in the REITs industry, which is below the industry midpoint. Overall, Tosei Reit Investment has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tosei Reit Investment's Net Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Tosei Reit Investment ranks #527 out of 932 companies for Net Margin %. This places Tosei Reit Investment in the lower half of its industry. The industry median Net Margin % is 45.23. Tosei Reit Investment's value of 39.28% is 13.2% below this benchmark. Historically, Tosei Reit Investment's own Net Margin % has ranged from 38.30 to 42.67 over the past decade. While the company's 10-year median is 39.60 vs. the industry median of 45.23, Tosei Reit Investment 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 45.23, based on 932 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. Tosei Reit Investment's current Net Margin % of 39.28% is 13.2% 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 Tosei Reit Investment 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. Tosei Reit Investment's current Net Margin % is 39.28%, which is near median its own 10-year median of 39.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosei Reit Investment stock overvalued right now?
Based on GuruFocus' analysis, Tosei Reit Investment (TSE:3451) is currently considered Fairly Valued. The stock's GF Value™ is 円142,503.42, compared to a current price of 円134,300.00 — trading 5.8% below its estimated fair value. The current Net Margin % is 39.28%, which is near median its 10-year median of 39.60 and 13.2% below the REITs industry median of 45.23. Tosei Reit Investment's overall GF Score™ is 62/100 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 Tosei Reit Investment (TSE:3451), the current Net Margin % is 39.28% as of Apr. 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 Tosei Reit Investment (TSE:3451) Overvalued in 2026?

Based on GuruFocus' analysis, Tosei Reit Investment stock appears to be undervalued. The current stock price of 円134,300.00 is trading 5.8% below its estimated GF Value™ of 円142,503.42. GuruFocus considers Tosei Reit Investment to be Fairly Valued.

Key valuation signals for TSE:3451:

  • Net Margin %: 39.28% (near median its 10-year median of 39.60)
  • GF Value™: 円142,503.42 vs. price of 円134,300.00 (5.8% below fair value)
  • GF Score™: 62/100 with 5 warning signs
  • Industry Position: 13.2% below the REITs median (#527 of 932)

No single metric tells the full story. See the TSE:3451 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tosei Reit Investment Business Description

Industry Real EstateREITs
Address 4-5-4 Shibaura, Tamachi Tosei Building, Minato-ku, Tokyo, JPN
Tosei Reit Investment Corp is a Japanese company operating in the real estate industry. The company invests in real estate and other assets and the investments are spread across Offices, Commercial facility and Housing.
62GF Score

Get the complete analysis for TSE:3451

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

円134,300.00
Price
円142,503.42
GF Value