NNN REITMEX:NNN 83 Pretax Margin % is 39.08% as of Mar. 2026, which is 13% below its 10-year median of 44.79. GuruFocus rates MEX:NNN with a GF Score™ of 83/100 and a GF Value™ of MXN809.16. The stock has 9 warning signs investors should review. Among 928 REITs companies, NNN REIT ranks worse than 56.25% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. NNN REIT's Pre-Tax Income for the
three
months ended in Mar. 2026 was MXN1,694 Mil. NNN REIT's Revenue for the
three
months ended in Mar. 2026 was MXN4,335 Mil. Therefore, NNN REIT's pretax margin for the quarter that ended in Mar. 2026 was 39.08%.
The historical rank and industry rank for NNN REIT's Pretax Margin % or its related term are showing as below:
MEX:NNN'
s Pretax Margin % Range Over the Past 10 Years
Min: 34.63 Med: 44.79 Max: 47.38
Current: 41.39
MEX:NNN's Pretax Margin % is ranked worse than 56.25% of 928
companies
in the REITs industry
Industry Median: 46.675
vs MEX:NNN: 41.39
NNN REIT (MEX:NNN) 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.
NNN REIT Pretax Margin % Related Terms
NNN REIT Pretax Margin % Historical Data
* Premium members only.
The historical data trend for NNN 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.
MEX:NNN vs ADC, BRX, MAC: Pretax Margin % Comparison
For the REIT - Retail subindustry, NNN 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.
NNN REIT Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, NNN REIT's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where NNN 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.
NNN REIT (MEX:NNN) has a Pretax Margin % of 39.08% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on NNN REIT and its competitors. This is 13% below median its historical median of 44.79. Over the past decade, NNN REIT's Pretax Margin % has ranged from 34.63 to 47.38. According to the industry distribution chart, NNN REIT ranks #522 out of 928 companies in the REITs industry, placing it in the top 56.2%.
Is NNN REIT's Pretax Margin % too high?
NNN REIT's current Pretax Margin % of 39.08% is 13% below median its 10-year median of 44.79. Over the past 10 years, this metric has ranged from a low of 34.63 to a high of 47.38. The REITs industry median Pretax Margin % is 46.68. NNN REIT's value of 39.08% is 16.3% below this industry median. Based on the distribution chart, NNN REIT ranks #522 out of 928 companies in the REITs industry, which is below the industry midpoint. Overall, NNN REIT has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does NNN REIT's Pretax Margin % compare to ADC and BRX?
According to the REITs industry distribution chart, NNN REIT ranks #522 out of 928 companies for Pretax Margin %. This places NNN REIT in the lower half of its industry. The industry median Pretax Margin % is 46.68. NNN REIT's value of 39.08% is 16.3% below this benchmark. Historically, NNN REIT's own Pretax Margin % has ranged from 34.63 to 47.38 over the past decade. While the company's 10-year median is 44.79 vs. the industry median of 46.68, NNN 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 46.68, based on 928 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. NNN REIT's current Pretax Margin % of 39.08% is 16.3% 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 NNN REIT and its competitors. For the REITs industry, the median Pretax Margin % is 46.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NNN REIT's current Pretax Margin % is 39.08%, which is 13% below median its own 10-year median of 44.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NNN REIT stock overvalued right now?
NNN REIT (MEX:NNN) has a current Pretax Margin % of 39.08%. The stock's GF Value™ is MXN809.16, compared to a current price of MXN839.10 — trading 3.7% above its estimated fair value. The current Pretax Margin % is 39.08%, which is 13% below median its 10-year median of 44.79 and 16.3% below the REITs industry median of 46.68. NNN REIT's overall GF Score™ is 83/100 with 9 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 NNN REIT (MEX:NNN), the current Pretax Margin % is 39.08% 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 NNN REIT (MEX:NNN) Overvalued in 2026?
Based on GuruFocus' analysis, NNN REIT stock appears to be overvalued.
The current stock price of MXN839.10 is trading 3.7% above its estimated GF Value™ of MXN809.16.
Key valuation signals for MEX:NNN:
Pretax Margin %: 39.08% (13% below median its 10-year median of 44.79)
GF Value™: MXN809.16 vs. price of MXN839.10 (3.7% above fair value)
Industry Position: 16.3% below the REITs median (#522 of 928)
No single metric tells the full story. See the MEX:NNN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NNN REIT Inc is a real estate investment trust that acquires, owns, invests in, and develops high-quality properties mainly leased under long-term net leases with minimal capital expenditure requirements. The company focuses mainly on retail properties, with a portfolio including convenience stores, automotive service properties, restaurants, theatres, entertainment venues, dealerships, and other retail-related assets. Primary business objectives emphasize retail properties, and it may invest in a wide variety of property and tenant types, leases, mortgages, loans secured by personal property, loans secured by partnership or membership interests, and securities of other REITs or other issuers.
83GF Score
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