Mori Hills Reit Investment (TSE:3234) Pretax Margin %: 53.82% (As of Jan. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3234 Mori Hills Reit Investment Corp TSE:3234
64 GF Score
Price 円131,800.00
GF Value 円142,591.00
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Mori Hills Reit Investment Pretax Margin %?

Mori Hills Reit Investment TSE:3234 +0.53% 64 Pretax Margin % is 53.82% as of Jan. 2026, which is 5% below its 10-year median of 56.45. GuruFocus rates TSE:3234 with a GF Score™ of 64/100 and a GF Value™ of 円142,591.00 (Fairly Valued). The stock has 3 warning signs investors should review. Among 923 REITs companies, Mori Hills Reit Investment ranks better than 55.04% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Mori Hills Reit Investment's Pre-Tax Income for the six months ended in Jan. 2026 was 円6,126 Mil. Mori Hills Reit Investment's Revenue for the six months ended in Jan. 2026 was 円11,381 Mil. Therefore, Mori Hills Reit Investment's pretax margin for the quarter that ended in Jan. 2026 was 53.82%.

The historical rank and industry rank for Mori Hills Reit Investment's Pretax Margin % or its related term are showing as below:

TSE:3234' s Pretax Margin % Range Over the Past 10 Years
Min: 54.06   Med: 56.45   Max: 58.19
Current: 54.06


TSE:3234's Pretax Margin % is ranked better than
55.04% of 923 companies
in the REITs industry
Industry Median: 46.7 vs TSE:3234: 54.06

Mori Hills Reit Investment  (TSE:3234) 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.


Mori Hills Reit Investment Pretax Margin % Related Terms


Mori Hills Reit Investment Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Mori Hills Reit Investment'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.

Mori Hills Reit Investment Pretax Margin % Chart

Mori Hills Reit Investment Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.76 56.90 57.21 56.53 54.94

Mori Hills Reit Investment Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.29 56.78 55.60 54.30 53.82

TSE:3234 vs VICI, WPC: Pretax Margin % Comparison

For the REIT - Diversified subindustry, Mori Hills Reit Investment'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.


Mori Hills Reit Investment Pretax Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Mori Hills Reit Investment's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Mori Hills Reit Investment's Pretax Margin % falls into.


TSE:3234
64GF Score
Mori Hills Reit Investment Corp TSE:3234
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mori Hills Reit Investment 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.

Mori Hills Reit Investment's Pretax Margin for the fiscal year that ended in Jul. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Jul. 2025 )/Revenue (A: Jul. 2025 )
=12259.234/22311.898
=54.94 %

Mori Hills Reit Investment's Pretax Margin for the quarter that ended in Jan. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=6125.617/11381.328
=53.82 %

* 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 53.82% mean?
Mori Hills Reit Investment (TSE:3234) has a Pretax Margin % of 53.82% as of Jan. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Mori Hills Reit Investment and its competitors. This is near median its historical median of 56.45. Over the past decade, Mori Hills Reit Investment's Pretax Margin % has ranged from 54.06 to 58.19. According to the industry distribution chart, Mori Hills Reit Investment ranks #415 out of 923 companies in the REITs industry, placing it in the top 45%.
Is Mori Hills Reit Investment's Pretax Margin % too high?
Mori Hills Reit Investment's current Pretax Margin % of 53.82% is near median its 10-year median of 56.45. Over the past 10 years, this metric has ranged from a low of 54.06 to a high of 58.19. The REITs industry median Pretax Margin % is 46.70. Mori Hills Reit Investment's value of 53.82% is 15.2% above this industry median. Based on the distribution chart, Mori Hills Reit Investment ranks #415 out of 923 companies in the REITs industry, which is above the industry midpoint. Overall, Mori Hills Reit Investment has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mori Hills Reit Investment's Pretax Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Mori Hills Reit Investment ranks #415 out of 923 companies for Pretax Margin %. This puts Mori Hills Reit Investment in the upper half of its industry. The industry median Pretax Margin % is 46.70. Mori Hills Reit Investment's value of 53.82% is 15.2% above this benchmark. Historically, Mori Hills Reit Investment's own Pretax Margin % has ranged from 54.06 to 58.19 over the past decade. While the company's 10-year median is 56.45 vs. the industry median of 46.70, Mori Hills Reit Investment 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 923 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. Mori Hills Reit Investment's current Pretax Margin % of 53.82% is 15.2% 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 Mori Hills Reit Investment 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. Mori Hills Reit Investment's current Pretax Margin % is 53.82%, which is near median its own 10-year median of 56.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mori Hills Reit Investment stock overvalued right now?
Based on GuruFocus' analysis, Mori Hills Reit Investment (TSE:3234) is currently considered Fairly Valued. The stock's GF Value™ is 円142,591.00, compared to a current price of 円131,800.00 — trading 7.6% below its estimated fair value. The current Pretax Margin % is 53.82%, which is near median its 10-year median of 56.45 and 15.2% above the REITs industry median of 46.70. Mori Hills Reit Investment's overall GF Score™ is 64/100 with 3 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 Mori Hills Reit Investment (TSE:3234), the current Pretax Margin % is 53.82% 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 Mori Hills Reit Investment (TSE:3234) Overvalued in 2026?

Based on GuruFocus' analysis, Mori Hills Reit Investment stock appears to be undervalued. The current stock price of 円131,800.00 is trading 7.6% below its estimated GF Value™ of 円142,591.00. GuruFocus considers Mori Hills Reit Investment to be Fairly Valued.

Key valuation signals for TSE:3234:

  • Pretax Margin %: 53.82% (near median its 10-year median of 56.45)
  • GF Value™: 円142,591.00 vs. price of 円131,800.00 (7.6% below fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 15.2% above the REITs median (#415 of 923)

No single metric tells the full story. See the TSE:3234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mori Hills Reit Investment Business Description

Industry Real EstateREITs
Address 1-12-32 Akasaka, ARK Mori Building, Minato-ku, Tokyo, JPN, 107-6011
Mori Hills Reit Investment Corp is engaged in real estate investment, leasing, and management. The firm's primary objective is to secure steady growth in its portfolio and to maximize unitholders' value by making selective investments that mainly target areas and real estate properties. The company's real estate portfolio, as of the end of the twenty-first fiscal period, was comprised of ten properties. The company owns real estate office buildings and residential and retail properties available for lease in Tokyo.
64GF Score

Get the complete analysis for TSE:3234

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

円131,800.00
Price
円142,591.00
GF Value