Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio (BSP:HDEL11) Pretax Margin %: 1,055.57% (As of Dec. 2025) — 874% Above Median

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BSP:HDEL11 Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio BSP:HDEL11
24 GF Score
Price R$3.30
! 2 Warning Signs
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What is Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio Pretax Margin %?

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio BSP:HDEL11 24 Pretax Margin % is 1,055.57% as of Dec. 2025, which is 874% above its 10-year median of 108.43. GuruFocus rates BSP:HDEL11 with a GF Score™ of 24/100. The stock has 2 warning signs investors should review. Among 923 REITs companies, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio ranks better than 99.13% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's Pre-Tax Income for the six months ended in Dec. 2025 was R$68.86 Mil. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's Revenue for the six months ended in Dec. 2025 was R$6.52 Mil. Therefore, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's pretax margin for the quarter that ended in Dec. 2025 was 1,055.57%.

The historical rank and industry rank for Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's Pretax Margin % or its related term are showing as below:

BSP:HDEL11' s Pretax Margin % Range Over the Past 10 Years
Min: 96.49   Med: 108.43   Max: 1055.57
Current: 1055.57


BSP:HDEL11's Pretax Margin % is ranked better than
99.13% of 923 companies
in the REITs industry
Industry Median: 46.7 vs BSP:HDEL11: 1055.57

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio  (BSP:HDEL11) 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.


Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio Pretax Margin % Related Terms


Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio'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.

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio Pretax Margin % Chart

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Pretax Margin %
0.00 96.49 108.43 1,055.57

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Pretax Margin % 0.00 96.49 108.43 1,055.57

BSP:HDEL11 vs VICI, WPC: Pretax Margin % Comparison

For the REIT - Diversified subindustry, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio'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.


Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio Pretax Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's Pretax Margin % falls into.


BSP:HDEL11
24GF Score
Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio BSP:HDEL11
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio 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.

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio'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 )
=68.855/6.523
=1,055.57 %

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio'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 )
=68.855/6.523
=1,055.57 %

* 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 1,055.57% mean?
Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio (BSP:HDEL11) has a Pretax Margin % of 1,055.57% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio and its competitors. This is 874% above median its historical median of 108.43. Over the past decade, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's Pretax Margin % has ranged from 96.49 to 1,055.57. According to the industry distribution chart, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio ranks #8 out of 923 companies in the REITs industry, placing it in the top 0.90000000000001%.
Is Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's Pretax Margin % too high?
Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's current Pretax Margin % of 1,055.57% is 874% above median its 10-year median of 108.43. Over the past 10 years, this metric has ranged from a low of 96.49 to a high of 1,055.57. The REITs industry median Pretax Margin % is 46.70. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's value of 1,055.57% is 2160.3% above this industry median. Based on the distribution chart, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio ranks #8 out of 923 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's Pretax Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio ranks #8 out of 923 companies for Pretax Margin %. This places Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio in the top 1% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 46.70. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's value of 1,055.57% is 2160.3% above this benchmark. Historically, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's own Pretax Margin % has ranged from 96.49 to 1,055.57 over the past decade. While the company's 10-year median is 108.43 vs. the industry median of 46.70, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio 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 923 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. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's current Pretax Margin % of 1,055.57% is 2160.3% 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 Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio 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. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's current Pretax Margin % is 1,055.57%, which is 874% above median its own 10-year median of 108.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio stock overvalued right now?
Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio (BSP:HDEL11) has a current Pretax Margin % of 1,055.57%. The current Pretax Margin % is 1,055.57%, which is 874% above median its 10-year median of 108.43 and 2160.3% above the REITs industry median of 46.70. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's overall GF Score™ is 24/100 with 2 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 Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio (BSP:HDEL11), the current Pretax Margin % is 1,055.57% 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.

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio Business Description

Industry Real EstateREITs
Address Avenida Brigadeiro Faria Lima 3600, 11th Floor, cjto 112 (parte), Sao Paulo, SP, BRA, 4538132
Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio is a closed-end fund. The fund's objective is to provide its shareholders with appreciation and profitability of their shares in the long term, aiming to obtain capital gains through the investment of its assets.
24GF Score

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