CovivioFRA:F5D0 -1.50%74 Pretax Margin % is 56.33% as of Dec. 2025, which is 58% below its 10-year median of 132.59. GuruFocus rates FRA:F5D0 with a GF Score™ of 74/100 and a GF Value™ of €10.09. The stock has 8 warning signs investors should review. Among 927 REITs companies, Covivio ranks better than 63.11% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Covivio's Pre-Tax Income for the
six
months ended in Dec. 2025 was €394 Mil. Covivio's Revenue for the
six
months ended in Dec. 2025 was €700 Mil. Therefore, Covivio's pretax margin for the quarter that ended in Dec. 2025 was 56.33%.
The historical rank and industry rank for Covivio's Pretax Margin % or its related term are showing as below:
FRA:F5D0'
s Pretax Margin % Range Over the Past 10 Years
Min: -172.04 Med: 132.59 Max: 168.88
Current: 69.11
FRA:F5D0's Pretax Margin % is ranked better than 63.11% of 927
companies
in the REITs industry
Industry Median: 46.7
vs FRA:F5D0: 69.11
Covivio (FRA:F5D0) 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.
Covivio Pretax Margin % Related Terms
Covivio Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Covivio'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.
FRA:F5D0 vs VICI, WPC, BNL: Pretax Margin % Comparison
For the REIT - Diversified subindustry, Covivio'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.
Covivio Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Covivio's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Covivio'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.
Covivio (FRA:F5D0) has a Pretax Margin % of 56.33% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Covivio and its competitors. This is 58% below median its historical median of 132.59. According to the industry distribution chart, Covivio ranks #342 out of 927 companies in the REITs industry, placing it in the top 36.9%.
Is Covivio's Pretax Margin % too high?
Covivio's current Pretax Margin % of 56.33% is 58% below median its 10-year median of 132.59. The REITs industry median Pretax Margin % is 46.70. Covivio's value of 56.33% is 20.6% above this industry median. Based on the distribution chart, Covivio ranks #342 out of 927 companies in the REITs industry, which is above the industry midpoint. Overall, Covivio has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Covivio's Pretax Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Covivio ranks #342 out of 927 companies for Pretax Margin %. This puts Covivio in the upper half of its industry. The industry median Pretax Margin % is 46.70. Covivio's value of 56.33% is 20.6% above this benchmark. While the company's 10-year median is 132.59 vs. the industry median of 46.70, Covivio 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. Covivio's current Pretax Margin % of 56.33% is 20.6% 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 Covivio 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. Covivio's current Pretax Margin % is 56.33%, which is 58% below median its own 10-year median of 132.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covivio stock overvalued right now?
Covivio (FRA:F5D0) has a current Pretax Margin % of 56.33%. The stock's GF Value™ is €10.09, compared to a current price of €13.10 — trading 29.8% above its estimated fair value. The current Pretax Margin % is 56.33%, which is 58% below median its 10-year median of 132.59 and 20.6% above the REITs industry median of 46.70. Covivio's overall GF Score™ is 74/100 with 8 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 Covivio (FRA:F5D0), the current Pretax Margin % is 56.33% 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 Covivio (FRA:F5D0) Overvalued in 2026?
Based on GuruFocus' analysis, Covivio stock appears to be overvalued.
The current stock price of €13.10 is trading 29.8% above its estimated GF Value™ of €10.09.
Key valuation signals for FRA:F5D0:
Pretax Margin %: 56.33% (58% below median its 10-year median of 132.59)
GF Value™: €10.09 vs. price of €13.10 (29.8% above fair value)
Industry Position: 20.6% above the REITs median (#342 of 927)
No single metric tells the full story. See the FRA:F5D0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Covivio SA is a French real estate investment trust involved in the ownership of properties mainly in France, Italy, and Germany. The majority of the properties in the company's real estate portfolio are office buildings located in Paris and Milan. German residential properties also represent a significant percentage of its total assets. Fonciere des Regions derives nearly all of its revenue in the form of rental income from the ownership and maintenance of its portfolio of properties. French offices generate the majority revenue for the company, while Italian office buildings and German residential buildings in Berlin, Hamburg, and Dresden also contribute sizable income streams.
74GF Score
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