IGB Commercial REITXKLS:5299 +0.83%35 Net Margin % is 41.86% as of Mar. 2026, which is 38% above its 10-year median of 30.34. GuruFocus rates XKLS:5299 with a GF Score™ of 35/100 and a GF Value™ of RM0.63 (Fairly Valued). The stock has 7 warning signs investors should review. Among 928 REITs companies, IGB Commercial REIT ranks worse than 58.3% on this metric.
The historical rank and industry rank for IGB Commercial REIT's Net Margin % or its related term are showing as below:
XKLS:5299'
s Net Margin % Range Over the Past 10 Years
Min: -172.4 Med: 30.34 Max: 81.91
Current: 37.65
XKLS:5299's Net Margin % is ranked worse than 58.3% of 928
companies
in the REITs industry
Industry Median: 45.23
vs XKLS:5299: 37.65
IGB Commercial REIT (XKLS:5299) 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.
IGB Commercial REIT Net Margin % Related Terms
IGB Commercial REIT Net Margin % Historical Data
* Premium members only.
The historical data trend for IGB Commercial 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.
XKLS:5299 vs BXP, ARE, VNO: Net Margin % Comparison
For the REIT - Office subindustry, IGB Commercial 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.
IGB Commercial REIT Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, IGB Commercial REIT's Net Margin % distribution charts can be found below:
* The bar in red indicates where IGB Commercial 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.
IGB Commercial REIT (XKLS:5299) has a Net Margin % of 41.86% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on IGB Commercial REIT and its competitors. This is 38% above median its historical median of 30.34. According to the industry distribution chart, IGB Commercial REIT ranks #541 out of 928 companies in the REITs industry, placing it in the top 58.3%.
Is IGB Commercial REIT's Net Margin % too high?
IGB Commercial REIT's current Net Margin % of 41.86% is 38% above median its 10-year median of 30.34. The REITs industry median Net Margin % is 45.23. IGB Commercial REIT's value of 41.86% is 7.5% below this industry median. Based on the distribution chart, IGB Commercial REIT ranks #541 out of 928 companies in the REITs industry, which is below the industry midpoint. Overall, IGB Commercial REIT has a GF Score™ of 35/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IGB Commercial REIT's Net Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, IGB Commercial REIT ranks #541 out of 928 companies for Net Margin %. This places IGB Commercial REIT in the lower half of its industry. The industry median Net Margin % is 45.23. IGB Commercial REIT's value of 41.86% is 7.5% below this benchmark. While the company's 10-year median is 30.34 vs. the industry median of 45.23, IGB Commercial 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 45.23, 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. IGB Commercial REIT's current Net Margin % of 41.86% is 7.5% 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 IGB Commercial REIT 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. IGB Commercial REIT's current Net Margin % is 41.86%, which is 38% above median its own 10-year median of 30.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGB Commercial REIT stock overvalued right now?
Based on GuruFocus' analysis, IGB Commercial REIT (XKLS:5299) is currently considered Fairly Valued. The stock's GF Value™ is RM0.63, compared to a current price of RM0.61 — trading 4% below its estimated fair value. The current Net Margin % is 41.86%, which is 38% above median its 10-year median of 30.34 and 7.5% below the REITs industry median of 45.23. IGB Commercial REIT's overall GF Score™ is 35/100 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 IGB Commercial REIT (XKLS:5299), the current Net Margin % is 41.86% as of Mar. 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 IGB Commercial REIT (XKLS:5299) Overvalued in 2026?
Based on GuruFocus' analysis, IGB Commercial REIT stock appears to be undervalued.
The current stock price of RM0.61 is trading 4% below its estimated GF Value™ of RM0.63.
GuruFocus considers IGB Commercial REIT to be Fairly Valued.
Key valuation signals for XKLS:5299:
Net Margin %: 41.86% (38% above median its 10-year median of 30.34)
GF Value™: RM0.63 vs. price of RM0.61 (4% below fair value)
Industry Position: 7.5% below the REITs median (#541 of 928)
No single metric tells the full story. See the XKLS:5299 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IGB Commercial REIT is established to provide unitholders with regular and stable distributions, sustainable long-term unit price and distributable income and capital growth, and maintaining an appropriate capital structure, by investing directly and indirectly in a portfolio of income-producing real estate used predominantly for commercial purposes in Malaysia and overseas. The trust's investment portfolio mainly comprises commercial properties with office and retail spaces, and includes the Gardens South Tower, Centrepoint North, The Gardens North Tower, and other properties.
35GF Score
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