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Daiwa House Logistics TrustSGX:DHLU 26 Operating Margin % is 69.43% as of Jun. 2026, which is 4% above its 10-year median of 66.69. GuruFocus rates SGX:DHLU with a GF Score™ of 26/100 and a GF Value™ of S$0.52 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 735 REITs companies, Daiwa House Logistics Trust ranks better than 76.19% on this metric.
Daiwa House Logistics Trust (SGX:DHLU) 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 Nokias 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.
Daiwa House Logistics Trust Operating Margin % Related Terms
Daiwa House Logistics Trust Operating 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.
Daiwa House Logistics Trust Operating Margin % Chart
SGX:DHLU vs PLD, PSA, EXR: Operating Margin % Comparison
For the REIT - Industrial subindustry, Daiwa House Logistics Trust'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.
Daiwa House Logistics Trust Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Daiwa House Logistics Trust's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Daiwa House Logistics Trust's Operating Margin % falls into.
Daiwa House Logistics Trust 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.
Daiwa House Logistics Trust's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Daiwa House Logistics Trust (SGX:DHLU) has a Operating Margin % of 69.43% as of Jun. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Daiwa House Logistics Trust and its competitors. This is near median its historical median of 66.69. Over the past decade, Daiwa House Logistics Trust's Operating Margin % has ranged from 63.26 to 69.21. According to the industry distribution chart, Daiwa House Logistics Trust ranks #175 out of 735 companies in the REITs industry, placing it in the top 23.8%.
Is Daiwa House Logistics Trust's Operating Margin % too high?
Daiwa House Logistics Trust's current Operating Margin % of 69.43% is near median its 10-year median of 66.69. Over the past 10 years, this metric has ranged from a low of 63.26 to a high of 69.21. The REITs industry median Operating Margin % is 52.58. Daiwa House Logistics Trust's value of 69.43% is 32% above this industry median. Based on the distribution chart, Daiwa House Logistics Trust ranks #175 out of 735 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Daiwa House Logistics Trust has a GF Score™ of 26/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Daiwa House Logistics Trust's Operating Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, Daiwa House Logistics Trust ranks #175 out of 735 companies for Operating Margin %. This places Daiwa House Logistics Trust in the top 24% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 52.58. Daiwa House Logistics Trust's value of 69.43% is 32% above this benchmark. Historically, Daiwa House Logistics Trust's own Operating Margin % has ranged from 63.26 to 69.21 over the past decade. While the company's 10-year median is 66.69 vs. the industry median of 52.58, Daiwa House Logistics 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 Operating Margin % for a REITs company?
The median Operating Margin % among REITs companies is 52.58, based on 735 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. Daiwa House Logistics Trust's current Operating Margin % of 69.43% is 32% 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 Daiwa House Logistics Trust and its competitors. For the REITs industry, the median Operating Margin % is 52.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa House Logistics Trust's current Operating Margin % is 69.43%, which is near median its own 10-year median of 66.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa House Logistics Trust stock overvalued right now?
Based on GuruFocus' analysis, Daiwa House Logistics Trust (SGX:DHLU) is currently considered Modestly Undervalued. The stock's GF Value™ is S$0.52, compared to a current price of S$0.41 — trading 22.1% below its estimated fair value. The current Operating Margin % is 69.43%, which is near median its 10-year median of 66.69 and 32% above the REITs industry median of 52.58. Daiwa House Logistics Trust's overall GF Score™ is 26/100 with 8 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 Daiwa House Logistics Trust (SGX:DHLU), the current Operating Margin % is 69.43% 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 Daiwa House Logistics Trust (SGX:DHLU) Overvalued in 2026?
Based on GuruFocus' analysis, Daiwa House Logistics Trust stock appears to be undervalued.
The current stock price of S$0.41 is trading 22.1% below its estimated GF Value™ of S$0.52.
GuruFocus considers Daiwa House Logistics Trust to be Modestly Undervalued.
Key valuation signals for SGX:DHLU:
Operating Margin %: 69.43% (near median its 10-year median of 66.69)
GF Value™: S$0.52 vs. price of S$0.41 (22.1% below fair value)
Industry Position: 32% above the REITs median (#175 of 735)
No single metric tells the full story. See the SGX:DHLU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daiwa House Logistics Trust is a real estate investment trust established with the investment plan of principally investing in a portfolio of income-producing logistics and industrial real estate assets located across Asia. The DHLT Portfolio comprises nineteen quality logistics facilities with eighteen properties well-diversified across Japan and one strategically located in Long An Province, near Ho Chi Minh City in Vietnam.
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