Js Ativos Financeiros Fundo DE Investimento Imobiliario (BSP:JSAF11) Pretax Margin %: 99.37% (As of Dec. 2025) — Near Median


BSP:JSAF11 Js Ativos Financeiros Fundo DE Investimento Imobiliario BSP:JSAF11
28 GF Score
Price R$7.32
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What is Js Ativos Financeiros Fundo DE Investimento Imobiliario Pretax Margin %?

Js Ativos Financeiros Fundo DE Investimento Imobiliario BSP:JSAF11 -0.95% 28 Pretax Margin % is 99.37% as of Dec. 2025, which is 7% below its 10-year median of 106.41. GuruFocus rates BSP:JSAF11 with a GF Score™ of 28/100. Among 925 REITs companies, Js Ativos Financeiros Fundo DE Investimento Imobiliario ranks better than 87.03% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Js Ativos Financeiros Fundo DE Investimento Imobiliario's Pre-Tax Income for the six months ended in Dec. 2025 was R$146.7 Mil. Js Ativos Financeiros Fundo DE Investimento Imobiliario's Revenue for the six months ended in Dec. 2025 was R$147.6 Mil. Therefore, Js Ativos Financeiros Fundo DE Investimento Imobiliario's pretax margin for the quarter that ended in Dec. 2025 was 99.37%.

The historical rank and industry rank for Js Ativos Financeiros Fundo DE Investimento Imobiliario's Pretax Margin % or its related term are showing as below:

BSP:JSAF11' s Pretax Margin % Range Over the Past 10 Years
Min: 97.79   Med: 106.41   Max: 120.78
Current: 99.37


BSP:JSAF11's Pretax Margin % is ranked better than
87.03% of 925 companies
in the REITs industry
Industry Median: 46.55 vs BSP:JSAF11: 99.37

Js Ativos Financeiros Fundo DE Investimento Imobiliario  (BSP:JSAF11) 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.


Js Ativos Financeiros Fundo DE Investimento Imobiliario Pretax Margin % Related Terms


Js Ativos Financeiros Fundo DE Investimento Imobiliario Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Js Ativos Financeiros Fundo DE Investimento Imobiliario'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.

Js Ativos Financeiros Fundo DE Investimento Imobiliario Pretax Margin % Chart

Js Ativos Financeiros Fundo DE Investimento Imobiliario Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
0.00 120.78 113.44 97.79 99.37

Js Ativos Financeiros Fundo DE Investimento Imobiliario Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin % 0.00 120.78 113.44 97.79 99.37

BSP:JSAF11 vs VICI, WPC: Pretax Margin % Comparison

For the REIT - Diversified subindustry, Js Ativos Financeiros Fundo DE Investimento Imobiliario'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.


Js Ativos Financeiros Fundo DE Investimento Imobiliario Pretax Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Js Ativos Financeiros Fundo DE Investimento Imobiliario's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Js Ativos Financeiros Fundo DE Investimento Imobiliario's Pretax Margin % falls into.


BSP:JSAF11
28GF Score
Js Ativos Financeiros Fundo DE Investimento Imobiliario BSP:JSAF11
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Js Ativos Financeiros Fundo DE Investimento Imobiliario 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.

Js Ativos Financeiros Fundo DE Investimento Imobiliario'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 )
=146.682/147.607
=99.37 %

Js Ativos Financeiros Fundo DE Investimento Imobiliario'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 )
=146.682/147.607
=99.37 %

* 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 99.37% mean?
Js Ativos Financeiros Fundo DE Investimento Imobiliario (BSP:JSAF11) has a Pretax Margin % of 99.37% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Js Ativos Financeiros Fundo DE Investimento Imobiliario and its competitors. This is near median its historical median of 106.41. Over the past decade, Js Ativos Financeiros Fundo DE Investimento Imobiliario's Pretax Margin % has ranged from 97.79 to 120.78. According to the industry distribution chart, Js Ativos Financeiros Fundo DE Investimento Imobiliario ranks #120 out of 925 companies in the REITs industry, placing it in the top 13%.
Is Js Ativos Financeiros Fundo DE Investimento Imobiliario's Pretax Margin % too high?
Js Ativos Financeiros Fundo DE Investimento Imobiliario's current Pretax Margin % of 99.37% is near median its 10-year median of 106.41. Over the past 10 years, this metric has ranged from a low of 97.79 to a high of 120.78. The REITs industry median Pretax Margin % is 46.55. Js Ativos Financeiros Fundo DE Investimento Imobiliario's value of 99.37% is 113.5% above this industry median. Based on the distribution chart, Js Ativos Financeiros Fundo DE Investimento Imobiliario ranks #120 out of 925 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Js Ativos Financeiros Fundo DE Investimento Imobiliario has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Js Ativos Financeiros Fundo DE Investimento Imobiliario's Pretax Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Js Ativos Financeiros Fundo DE Investimento Imobiliario ranks #120 out of 925 companies for Pretax Margin %. This places Js Ativos Financeiros Fundo DE Investimento Imobiliario in the top 13% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 46.55. Js Ativos Financeiros Fundo DE Investimento Imobiliario's value of 99.37% is 113.5% above this benchmark. Historically, Js Ativos Financeiros Fundo DE Investimento Imobiliario's own Pretax Margin % has ranged from 97.79 to 120.78 over the past decade. While the company's 10-year median is 106.41 vs. the industry median of 46.55, Js Ativos Financeiros Fundo DE Investimento Imobiliario 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 46.55, based on 925 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. Js Ativos Financeiros Fundo DE Investimento Imobiliario's current Pretax Margin % of 99.37% is 113.5% 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 Js Ativos Financeiros Fundo DE Investimento Imobiliario and its competitors. For the REITs industry, the median Pretax Margin % is 46.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Js Ativos Financeiros Fundo DE Investimento Imobiliario's current Pretax Margin % is 99.37%, which is near median its own 10-year median of 106.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Js Ativos Financeiros Fundo DE Investimento Imobiliario stock overvalued right now?
Js Ativos Financeiros Fundo DE Investimento Imobiliario (BSP:JSAF11) has a current Pretax Margin % of 99.37%. The current Pretax Margin % is 99.37%, which is near median its 10-year median of 106.41 and 113.5% above the REITs industry median of 46.55. Js Ativos Financeiros Fundo DE Investimento Imobiliario's overall GF Score™ is 28/100. 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 Js Ativos Financeiros Fundo DE Investimento Imobiliario (BSP:JSAF11), the current Pretax Margin % is 99.37% 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.

Js Ativos Financeiros Fundo DE Investimento Imobiliario Business Description

Industry Real EstateREITs
Address Paulista, 2150 - 12th Floor, São Paulo, SP, BRA, CEP: 1310300
Js Ativos Financeiros Fundo DE Investimento Imobiliario is a Brazil based company. It objective of the Fund is to invest in real estate assets, through the acquisition of any of the Target Assets.
28GF Score

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

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