SafeholdFRA:J0W +6.02%83 Pretax Margin % is 26.69% as of Mar. 2026, which is 12% below its 10-year median of 30.49. GuruFocus rates FRA:J0W with a GF Score™ of 83/100 and a GF Value™ of €17.69. The stock has 7 warning signs investors should review. Among 929 REITs companies, Safehold ranks worse than 65.88% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Safehold's Pre-Tax Income for the
three
months ended in Mar. 2026 was €25.6 Mil. Safehold's Revenue for the
three
months ended in Mar. 2026 was €95.9 Mil. Therefore, Safehold's pretax margin for the quarter that ended in Mar. 2026 was 26.69%.
The historical rank and industry rank for Safehold's Pretax Margin % or its related term are showing as below:
FRA:J0W'
s Pretax Margin % Range Over the Past 10 Years
Min: -14.99 Med: 30.49 Max: 53.52
Current: 29.31
FRA:J0W's Pretax Margin % is ranked worse than 65.88% of 929
companies
in the REITs industry
Industry Median: 46.7
vs FRA:J0W: 29.31
Safehold (FRA:J0W) 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.
Safehold Pretax Margin % Related Terms
Safehold Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Safehold'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:J0W vs ESRT, JBGS, AAT: Pretax Margin % Comparison
For the REIT - Diversified subindustry, Safehold'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.
Safehold Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Safehold's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Safehold'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.
Safehold (FRA:J0W) has a Pretax Margin % of 26.69% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Safehold and its competitors. This is 12% below median its historical median of 30.49. According to the industry distribution chart, Safehold ranks #612 out of 929 companies in the REITs industry, placing it in the top 65.9%.
Is Safehold's Pretax Margin % too high?
Safehold's current Pretax Margin % of 26.69% is 12% below median its 10-year median of 30.49. The REITs industry median Pretax Margin % is 46.70. Safehold's value of 26.69% is 42.8% below this industry median. Based on the distribution chart, Safehold ranks #612 out of 929 companies in the REITs industry, which is below the industry midpoint. Overall, Safehold has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Safehold's Pretax Margin % compare to ESRT and JBGS?
According to the REITs industry distribution chart, Safehold ranks #612 out of 929 companies for Pretax Margin %. This places Safehold in the lower half of its industry. The industry median Pretax Margin % is 46.70. Safehold's value of 26.69% is 42.8% below this benchmark. While the company's 10-year median is 30.49 vs. the industry median of 46.70, Safehold 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 929 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. Safehold's current Pretax Margin % of 26.69% is 42.8% 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 Safehold 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. Safehold's current Pretax Margin % is 26.69%, which is 12% below median its own 10-year median of 30.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safehold stock overvalued right now?
Safehold (FRA:J0W) has a current Pretax Margin % of 26.69%. The stock's GF Value™ is €17.69, compared to a current price of €14.10 — trading 20.3% below its estimated fair value. The current Pretax Margin % is 26.69%, which is 12% below median its 10-year median of 30.49 and 42.8% below the REITs industry median of 46.70. Safehold's overall GF Score™ is 83/100 with 7 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 Safehold (FRA:J0W), the current Pretax Margin % is 26.69% as of Mar. 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 Safehold (FRA:J0W) Overvalued in 2026?
Based on GuruFocus' analysis, Safehold stock appears to be undervalued.
The current stock price of €14.10 is trading 20.3% below its estimated GF Value™ of €17.69.
Key valuation signals for FRA:J0W:
Pretax Margin %: 26.69% (12% below median its 10-year median of 30.49)
GF Value™: €17.69 vs. price of €14.10 (20.3% below fair value)
Industry Position: 42.8% below the REITs median (#612 of 929)
No single metric tells the full story. See the FRA:J0W stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safehold Inc is a REIT that operates its business by acquiring, managing, and capitalizing ground leases. Ground leases are long-term contracts between the landlord (the Company) and a tenant or leaseholder. Ground leases generally represent ownership of the land underlying commercial real estate projects that are net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon.
83GF Score
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