S Prime Growth Leasehold REIT (BKK:SPRIME) Pretax Margin %: 58.53% (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:SPRIME S Prime Growth Leasehold REIT BKK:SPRIME
72 GF Score
Price ฿4.16
GF Value ฿3.73
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is S Prime Growth Leasehold REIT Pretax Margin %?

S Prime Growth Leasehold REIT BKK:SPRIME +0.48% 72 Pretax Margin % is 58.53% as of Mar. 2026, which is 3% above its 10-year median of 56.66. GuruFocus rates BKK:SPRIME with a GF Score™ of 72/100 and a GF Value™ of ฿3.73 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 929 REITs companies, S Prime Growth Leasehold REIT ranks better than 57.48% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. S Prime Growth Leasehold REIT's Pre-Tax Income for the three months ended in Mar. 2026 was ฿74.2 Mil. S Prime Growth Leasehold REIT's Revenue for the three months ended in Mar. 2026 was ฿126.8 Mil. Therefore, S Prime Growth Leasehold REIT's pretax margin for the quarter that ended in Mar. 2026 was 58.53%.

The historical rank and industry rank for S Prime Growth Leasehold REIT's Pretax Margin % or its related term are showing as below:

BKK:SPRIME' s Pretax Margin % Range Over the Past 10 Years
Min: -19.88   Med: 56.66   Max: 92.85
Current: 57.65


BKK:SPRIME's Pretax Margin % is ranked better than
57.48% of 929 companies
in the REITs industry
Industry Median: 46.93 vs BKK:SPRIME: 57.65

S Prime Growth Leasehold REIT  (BKK:SPRIME) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


S Prime Growth Leasehold REIT Pretax Margin % Related Terms


S Prime Growth Leasehold REIT Pretax Margin % Historical Data

* Premium members only.

The historical data trend for S Prime Growth Leasehold REIT's Pretax 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.

S Prime Growth Leasehold REIT Pretax Margin % Chart

S Prime Growth Leasehold REIT Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial 91.33 62.36 56.66 42.53 55.84

S Prime Growth Leasehold REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Pretax 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 51.37 50.41 53.44 67.94 58.53

BKK:SPRIME vs VICI, WPC, BNL: Pretax Margin % Comparison

For the REIT - Diversified subindustry, S Prime Growth Leasehold REIT's Pretax Margin %, along with its competitors' market caps and Pretax 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.


S Prime Growth Leasehold REIT Pretax Margin % vs REITs Industry

For the REITs industry and Real Estate sector, S Prime Growth Leasehold REIT's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where S Prime Growth Leasehold REIT's Pretax Margin % falls into.


BKK:SPRIME
72GF Score
S Prime Growth Leasehold REIT BKK:SPRIME
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

S Prime Growth Leasehold REIT Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

S Prime Growth Leasehold REIT's Pretax Margin for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=254.226/455.273
=55.84 %

S Prime Growth Leasehold REIT's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=74.217/126.811
=58.53 %

* 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 Pretax Margin % →
What does a Pretax Margin % of 58.53% mean?
S Prime Growth Leasehold REIT (BKK:SPRIME) has a Pretax Margin % of 58.53% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on S Prime Growth Leasehold REIT and its competitors. This is near median its historical median of 56.66. According to the industry distribution chart, S Prime Growth Leasehold REIT ranks #395 out of 929 companies in the REITs industry, placing it in the top 42.5%.
Is S Prime Growth Leasehold REIT's Pretax Margin % too high?
S Prime Growth Leasehold REIT's current Pretax Margin % of 58.53% is near median its 10-year median of 56.66. The REITs industry median Pretax Margin % is 46.93. S Prime Growth Leasehold REIT's value of 58.53% is 24.7% above this industry median. Based on the distribution chart, S Prime Growth Leasehold REIT ranks #395 out of 929 companies in the REITs industry, which is above the industry midpoint. Overall, S Prime Growth Leasehold REIT has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does S Prime Growth Leasehold REIT's Pretax Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, S Prime Growth Leasehold REIT ranks #395 out of 929 companies for Pretax Margin %. This puts S Prime Growth Leasehold REIT in the upper half of its industry. The industry median Pretax Margin % is 46.93. S Prime Growth Leasehold REIT's value of 58.53% is 24.7% above this benchmark. While the company's 10-year median is 56.66 vs. the industry median of 46.93, S Prime Growth Leasehold REIT 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.93, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. S Prime Growth Leasehold REIT's current Pretax Margin % of 58.53% is 24.7% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on S Prime Growth Leasehold REIT and its competitors. For the REITs industry, the median Pretax Margin % is 46.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S Prime Growth Leasehold REIT's current Pretax Margin % is 58.53%, which is near median its own 10-year median of 56.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S Prime Growth Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, S Prime Growth Leasehold REIT (BKK:SPRIME) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿3.73, compared to a current price of ฿4.16 — trading 11.5% above its estimated fair value. The current Pretax Margin % is 58.53%, which is near median its 10-year median of 56.66 and 24.7% above the REITs industry median of 46.93. S Prime Growth Leasehold REIT's overall GF Score™ is 72/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For S Prime Growth Leasehold REIT (BKK:SPRIME), the current Pretax Margin % is 58.53% 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 S Prime Growth Leasehold REIT (BKK:SPRIME) Overvalued in 2026?

Based on GuruFocus' analysis, S Prime Growth Leasehold REIT stock appears to be overvalued. The current stock price of ฿4.16 is trading 11.5% above its estimated GF Value™ of ฿3.73. GuruFocus considers S Prime Growth Leasehold REIT to be Modestly Overvalued.

Key valuation signals for BKK:SPRIME:

  • Pretax Margin %: 58.53% (near median its 10-year median of 56.66)
  • GF Value™: ฿3.73 vs. price of ฿4.16 (11.5% above fair value)
  • GF Score™: 72/100 with 7 warning signs
  • Industry Position: 24.7% above the REITs median (#395 of 929)

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


S Prime Growth Leasehold REIT Business Description

Industry Real EstateREITs
Address Vibhavadi Rangsit Road, No. 123, Suntowers Building B, 37th Floor, Chom Phon Sub-District, Chatuchak District, Bangkok, THA, 10900
S Prime Growth Leasehold REIT is engaged in investing mostly in property or property leasehold rights and generating benefits from such properties for the benefit of the property, and creating revenue and return for the Trust and the unitholders. It mainly invests in the right to lease certain land plots and office spaces, conference spaces, common areas, parking areas, and building systems of Suntowers Complex for a specific term of years. The Trust operates in a single reportable operating segment, which is the investment in leasehold rights on properties, and the sole geographical area of its operations is Thailand.
72GF Score

Get the complete analysis for BKK:SPRIME

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

฿4.16
Price
฿3.73
GF Value