Tokaido REITFRA:AI70 -0.94%48 Pretax Margin % is 45.54% as of Jan. 2026, which is 4% below its 10-year median of 47.60. GuruFocus rates FRA:AI70 with a GF Score™ of 48/100 and a GF Value™ of €665.21. The stock has 4 warning signs investors should review. Among 927 REITs companies, Tokaido REIT ranks worse than 50.92% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Tokaido REIT's Pre-Tax Income for the
six
months ended in Jan. 2026 was €5.73 Mil. Tokaido REIT's Revenue for the
six
months ended in Jan. 2026 was €12.58 Mil. Therefore, Tokaido REIT's pretax margin for the quarter that ended in Jan. 2026 was 45.54%.
The historical rank and industry rank for Tokaido REIT's Pretax Margin % or its related term are showing as below:
FRA:AI70'
s Pretax Margin % Range Over the Past 10 Years
Min: 32.32 Med: 47.6 Max: 49.92
Current: 46.01
FRA:AI70's Pretax Margin % is ranked worse than 50.92% of 927
companies
in the REITs industry
Industry Median: 46.7
vs FRA:AI70: 46.01
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.
Tokaido REIT Pretax Margin % Related Terms
Tokaido REIT Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Tokaido 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.
For the REIT - Diversified subindustry, Tokaido 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.
Tokaido REIT Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Tokaido REIT's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Tokaido REIT's Pretax Margin % falls into.
* 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.
Tokaido REIT (FRA:AI70) has a Pretax Margin % of 45.54% as of Jan. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Tokaido REIT and its competitors. This is near median its historical median of 47.60. Over the past decade, Tokaido REIT's Pretax Margin % has ranged from 32.32 to 49.92. According to the industry distribution chart, Tokaido REIT ranks #472 out of 927 companies in the REITs industry, placing it in the top 50.9%.
Is Tokaido REIT's Pretax Margin % too high?
Tokaido REIT's current Pretax Margin % of 45.54% is near median its 10-year median of 47.60. Over the past 10 years, this metric has ranged from a low of 32.32 to a high of 49.92. The REITs industry median Pretax Margin % is 46.70. Tokaido REIT's value of 45.54% is 2.5% below this industry median. Based on the distribution chart, Tokaido REIT ranks #472 out of 927 companies in the REITs industry, which is below the industry midpoint. Overall, Tokaido REIT has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Tokaido REIT's Pretax Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Tokaido REIT ranks #472 out of 927 companies for Pretax Margin %. This places Tokaido REIT in the lower half of its industry. The industry median Pretax Margin % is 46.70. Tokaido REIT's value of 45.54% is 2.5% below this benchmark. Historically, Tokaido REIT's own Pretax Margin % has ranged from 32.32 to 49.92 over the past decade. While the company's 10-year median is 47.60 vs. the industry median of 46.70, Tokaido REIT has consistently been below 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. Tokaido REIT's current Pretax Margin % of 45.54% is 2.5% below 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 Tokaido REIT 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. Tokaido REIT's current Pretax Margin % is 45.54%, which is near median its own 10-year median of 47.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokaido REIT stock overvalued right now?
Tokaido REIT (FRA:AI70) has a current Pretax Margin % of 45.54%. The stock's GF Value™ is €665.21, compared to a current price of €525.00 — trading 21.1% below its estimated fair value. The current Pretax Margin % is 45.54%, which is near median its 10-year median of 47.60 and 2.5% below the REITs industry median of 46.70. Tokaido REIT's overall GF Score™ is 48/100 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 Tokaido REIT (FRA:AI70), the current Pretax Margin % is 45.54% as of Jan. 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 Tokaido REIT (FRA:AI70) Overvalued in 2026?
Based on GuruFocus' analysis, Tokaido REIT stock appears to be undervalued.
The current stock price of €525.00 is trading 21.1% below its estimated GF Value™ of €665.21.
Key valuation signals for FRA:AI70:
Pretax Margin %: 45.54% (near median its 10-year median of 47.60)
GF Value™: €665.21 vs. price of €525.00 (21.1% below fair value)
Industry Position: 2.5% below the REITs median (#472 of 927)
No single metric tells the full story. See the FRA:AI70 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.
48GF Score
Get the complete analysis for FRA:AI70
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:AI70 has been successfully added to your 
