Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios (BSP:RECR11) Operating Margin %: 89.33% (As of Dec. 2025) — Near Median


BSP:RECR11 Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios BSP:RECR11
78 GF Score
Price R$81.67
GF Value R$85.03
Valuation Fairly Valued
! 6 Warning Signs
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What is Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Operating Margin %?

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios BSP:RECR11 +0.63% 78 Operating Margin % is 89.33% as of Dec. 2025, which is 0% below its 10-year median of 89.46. GuruFocus rates BSP:RECR11 with a GF Scoreâ„¢ of 78/100 and a GF Valueâ„¢ of R$85.03 (Fairly Valued). The stock has 6 warning signs investors should review. Among 749 REITs companies, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios ranks better than 94.26% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Operating Income for the six months ended in Dec. 2025 was R$279.7 Mil. Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Revenue for the six months ended in Dec. 2025 was R$313.1 Mil. Therefore, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Operating Margin % for the quarter that ended in Dec. 2025 was 89.33%.

Warning Sign:

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios operating margin has been in a 5-year decline. The average rate of decline per year is -1.9%.

The historical rank and industry rank for Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Operating Margin % or its related term are showing as below:

BSP:RECR11' s Operating Margin % Range Over the Past 10 Years
Min: 75.43   Med: 89.46   Max: 91.31
Current: 89.33


BSP:RECR11's Operating Margin % is ranked better than
94.26% of 749 companies
in the REITs industry
Industry Median: 52.63 vs BSP:RECR11: 89.33

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's 5-Year Average Operating Margin % Growth Rate was -1.90% per year.

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Operating Income for the six months ended in Dec. 2025 was R$279.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was R$279.7 Mil.


Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios  (BSP:RECR11) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But NokiaÂ’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Operating Margin % Related Terms


Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Operating Margin % Historical Data

* Premium members only.

The historical data trend for Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Operating 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.

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Operating Margin % Chart

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial 91.03 90.12 89.58 75.43 89.33

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin % Get a 7-Day Free Trial 91.03 90.12 89.58 75.43 89.33

BSP:RECR11 vs VICI, WPC: Operating Margin % Comparison

For the REIT - Diversified subindustry, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Operating Margin %, along with its competitors' market caps and Operating 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.


Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Operating Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Operating Margin % falls into.


BSP:RECR11
78GF Score
Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios BSP:RECR11
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=279.721 / 313.14
=89.33 %

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=279.721 / 313.14
=89.33 %

* 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 Operating Margin % →
What does a Operating Margin % of 89.33% mean?
Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios (BSP:RECR11) has a Operating Margin % of 89.33% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios and its competitors. This is near median its historical median of 89.46. Over the past decade, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios' Operating Margin % has ranged from 75.43 to 91.31. According to the industry distribution chart, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios ranks #43 out of 749 companies in the REITs industry, placing it in the top 5.7%.
Is Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios' Operating Margin % too high?
Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios' current Operating Margin % of 89.33% is near median its 10-year median of 89.46. Over the past 10 years, this metric has ranged from a low of 75.43 to a high of 91.31. The REITs industry median Operating Margin % is 52.63. Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios' value of 89.33% is 69.7% above this industry median. Based on the distribution chart, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios ranks #43 out of 749 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios' Operating Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios ranks #43 out of 749 companies for Operating Margin %. This places Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios in the top 6% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 52.63. Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios' value of 89.33% is 69.7% above this benchmark. Historically, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios' own Operating Margin % has ranged from 75.43 to 91.31 over the past decade. While the company's 10-year median is 89.46 vs. the industry median of 52.63, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios 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 Operating Margin % for a REITs company?
The median Operating Margin % among REITs companies is 52.63, based on 749 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's current Operating Margin % of 89.33% is 69.7% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios and its competitors. For the REITs industry, the median Operating Margin % is 52.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's current Operating Margin % is 89.33%, which is near median its own 10-year median of 89.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios stock overvalued right now?
Based on GuruFocus' analysis, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios (BSP:RECR11) is currently considered Fairly Valued. The stock's GF Value™ is R$85.03, compared to a current price of R$81.67 — trading 4% below its estimated fair value. The current Operating Margin % is 89.33%, which is near median its 10-year median of 89.46 and 69.7% above the REITs industry median of 52.63. Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios' overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios (BSP:RECR11), the current Operating Margin % is 89.33% 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 Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios (BSP:RECR11) Overvalued in 2026?

Based on GuruFocus' analysis, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios stock appears to be undervalued. The current stock price of R$81.67 is trading 4% below its estimated GF Value™ of R$85.03. GuruFocus considers Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios to be Fairly Valued.

Key valuation signals for BSP:RECR11:

  • Operating Margin %: 89.33% (near median its 10-year median of 89.46)
  • GF Value™: R$85.03 vs. price of R$81.67 (4% below fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 69.7% above the REITs median (#43 of 749)

No single metric tells the full story. See the BSP:RECR11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Business Description

Industry Real EstateREITs
Address Rua Iguatemi, 151, 19th floor, Itaim Bibi, Sao Paulo, SP, BRA, 01451-011
Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios is an investment company. The purpose of the Fund is to invest in real estate projects, through the acquisition of assets, or rights related thereto, subject to the other requirements and investment policy provisions.
78GF Score

Get the complete analysis for BSP:RECR11

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

R$81.67
Price
R$85.03
GF Value