Fundo De Investimento Imobiliario Athena I (BSP:FATN11) Pretax Margin %: 61.57% (As of Dec. 2025) — 16% Below Median


BSP:FATN11 Fundo De Investimento Imobiliario Athena I BSP:FATN11
67 GF Score
Price R$80.20
GF Value R$73.23
Valuation Fairly Valued
! 4 Warning Signs
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What is Fundo De Investimento Imobiliario Athena I Pretax Margin %?

Fundo De Investimento Imobiliario Athena I BSP:FATN11 +0.40% 67 Pretax Margin % is 61.57% as of Dec. 2025, which is 16% below its 10-year median of 73.06. GuruFocus rates BSP:FATN11 with a GF Score™ of 67/100 and a GF Value™ of R$73.23 (Fairly Valued). The stock has 4 warning signs investors should review. Among 927 REITs companies, Fundo De Investimento Imobiliario Athena I ranks better than 59.65% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Fundo De Investimento Imobiliario Athena I's Pre-Tax Income for the six months ended in Dec. 2025 was R$29.64 Mil. Fundo De Investimento Imobiliario Athena I's Revenue for the six months ended in Dec. 2025 was R$48.15 Mil. Therefore, Fundo De Investimento Imobiliario Athena I's pretax margin for the quarter that ended in Dec. 2025 was 61.57%.

The historical rank and industry rank for Fundo De Investimento Imobiliario Athena I's Pretax Margin % or its related term are showing as below:

BSP:FATN11' s Pretax Margin % Range Over the Past 10 Years
Min: 46.72   Med: 73.06   Max: 139.16
Current: 61.57


BSP:FATN11's Pretax Margin % is ranked better than
59.65% of 927 companies
in the REITs industry
Industry Median: 46.7 vs BSP:FATN11: 61.57

Fundo De Investimento Imobiliario Athena I  (BSP:FATN11) 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.


Fundo De Investimento Imobiliario Athena I Pretax Margin % Related Terms


Fundo De Investimento Imobiliario Athena I Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Fundo De Investimento Imobiliario Athena I'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.

Fundo De Investimento Imobiliario Athena I Pretax Margin % Chart

Fundo De Investimento Imobiliario Athena I Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial 95.54 58.13 139.16 46.72 61.57

Fundo De Investimento Imobiliario Athena I Semi-Annual Data
Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin % Get a 7-Day Free Trial 95.54 58.13 139.16 46.72 61.57

BSP:FATN11 vs EQIX, AMT, DLR: Pretax Margin % Comparison

For the REIT - Specialty subindustry, Fundo De Investimento Imobiliario Athena I'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.


Fundo De Investimento Imobiliario Athena I Pretax Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Fundo De Investimento Imobiliario Athena I's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Fundo De Investimento Imobiliario Athena I's Pretax Margin % falls into.


BSP:FATN11
67GF Score
Fundo De Investimento Imobiliario Athena I BSP:FATN11
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Fundo De Investimento Imobiliario Athena I 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.

Fundo De Investimento Imobiliario Athena I'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 )
=29.644/48.149
=61.57 %

Fundo De Investimento Imobiliario Athena I's Pretax Margin for the quarter that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=29.644/48.149
=61.57 %

* 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 61.57% mean?
Fundo De Investimento Imobiliario Athena I (BSP:FATN11) has a Pretax Margin % of 61.57% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Fundo De Investimento Imobiliario Athena I and its competitors. This is 16% below median its historical median of 73.06. Over the past decade, Fundo De Investimento Imobiliario Athena I's Pretax Margin % has ranged from 46.72 to 139.16. According to the industry distribution chart, Fundo De Investimento Imobiliario Athena I ranks #374 out of 927 companies in the REITs industry, placing it in the top 40.3%.
Is Fundo De Investimento Imobiliario Athena I's Pretax Margin % too high?
Fundo De Investimento Imobiliario Athena I's current Pretax Margin % of 61.57% is 16% below median its 10-year median of 73.06. Over the past 10 years, this metric has ranged from a low of 46.72 to a high of 139.16. The REITs industry median Pretax Margin % is 46.70. Fundo De Investimento Imobiliario Athena I's value of 61.57% is 31.8% above this industry median. Based on the distribution chart, Fundo De Investimento Imobiliario Athena I ranks #374 out of 927 companies in the REITs industry, which is above the industry midpoint. Overall, Fundo De Investimento Imobiliario Athena I has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fundo De Investimento Imobiliario Athena I's Pretax Margin % compare to EQIX and AMT?
According to the REITs industry distribution chart, Fundo De Investimento Imobiliario Athena I ranks #374 out of 927 companies for Pretax Margin %. This puts Fundo De Investimento Imobiliario Athena I in the upper half of its industry. The industry median Pretax Margin % is 46.70. Fundo De Investimento Imobiliario Athena I's value of 61.57% is 31.8% above this benchmark. Historically, Fundo De Investimento Imobiliario Athena I's own Pretax Margin % has ranged from 46.72 to 139.16 over the past decade. While the company's 10-year median is 73.06 vs. the industry median of 46.70, Fundo De Investimento Imobiliario Athena I 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 46.70, based on 927 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. Fundo De Investimento Imobiliario Athena I's current Pretax Margin % of 61.57% is 31.8% 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 Fundo De Investimento Imobiliario Athena I and its competitors. For the REITs industry, the median Pretax Margin % is 46.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo De Investimento Imobiliario Athena I's current Pretax Margin % is 61.57%, which is 16% below median its own 10-year median of 73.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo De Investimento Imobiliario Athena I stock overvalued right now?
Based on GuruFocus' analysis, Fundo De Investimento Imobiliario Athena I (BSP:FATN11) is currently considered Fairly Valued. The stock's GF Value™ is R$73.23, compared to a current price of R$80.20 — trading 9.5% above its estimated fair value. The current Pretax Margin % is 61.57%, which is 16% below median its 10-year median of 73.06 and 31.8% above the REITs industry median of 46.70. Fundo De Investimento Imobiliario Athena I's overall GF Score™ is 67/100 with 4 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 Fundo De Investimento Imobiliario Athena I (BSP:FATN11), the current Pretax Margin % is 61.57% 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 De Investimento Imobiliario Athena I (BSP:FATN11) Overvalued in 2026?

Based on GuruFocus' analysis, Fundo De Investimento Imobiliario Athena I stock appears to be overvalued. The current stock price of R$80.20 is trading 9.5% above its estimated GF Value™ of R$73.23. GuruFocus considers Fundo De Investimento Imobiliario Athena I to be Fairly Valued.

Key valuation signals for BSP:FATN11:

  • Pretax Margin %: 61.57% (16% below median its 10-year median of 73.06)
  • GF Value™: R$73.23 vs. price of R$80.20 (9.5% above fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 31.8% above the REITs median (#374 of 927)

No single metric tells the full story. See the BSP:FATN11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fundo De Investimento Imobiliario Athena I Business Description

Industry Real EstateREITs
Address Avenida das Nacoes Unidas, Sao Paulo, BRA, 11857
Fundo De Investimento Imobiliario Athena I is a real estate investment fund focused on acquiring and generating income from leasing of slabs.
67GF Score

Get the complete analysis for BSP:FATN11

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

R$80.20
Price
R$73.23
GF Value