LaSalle LOGIPORT REIT (TSE:3466) Pretax Margin %: 48.28% (As of Feb. 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:3466 LaSalle LOGIPORT REIT TSE:3466
71 GF Score
Price 円148,600.00
GF Value 円160,169.81
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is LaSalle LOGIPORT REIT Pretax Margin %?

LaSalle LOGIPORT REIT TSE:3466 -0.54% 71 Pretax Margin % is 48.28% as of Feb. 2026, which is 3% below its 10-year median of 49.65. GuruFocus rates TSE:3466 with a GF Score™ of 71/100 and a GF Value™ of 円160,169.81 (Fairly Valued). The stock has 5 warning signs investors should review. Among 923 REITs companies, LaSalle LOGIPORT REIT ranks better than 51.79% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. LaSalle LOGIPORT REIT's Pre-Tax Income for the six months ended in Feb. 2026 was 円6,021 Mil. LaSalle LOGIPORT REIT's Revenue for the six months ended in Feb. 2026 was 円12,471 Mil. Therefore, LaSalle LOGIPORT REIT's pretax margin for the quarter that ended in Feb. 2026 was 48.28%.

The historical rank and industry rank for LaSalle LOGIPORT REIT's Pretax Margin % or its related term are showing as below:

TSE:3466' s Pretax Margin % Range Over the Past 10 Years
Min: 45.9   Med: 49.65   Max: 52.04
Current: 48.97


TSE:3466's Pretax Margin % is ranked better than
51.79% of 923 companies
in the REITs industry
Industry Median: 46.7 vs TSE:3466: 48.97

LaSalle LOGIPORT REIT  (TSE:3466) 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.


LaSalle LOGIPORT REIT Pretax Margin % Related Terms


LaSalle LOGIPORT REIT Pretax Margin % Historical Data

* Premium members only.

The historical data trend for LaSalle LOGIPORT 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.

LaSalle LOGIPORT REIT Pretax Margin % Chart

LaSalle LOGIPORT REIT Annual Data
Trend Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only 49.26 47.93 45.90 49.99 49.65

LaSalle LOGIPORT REIT Semi-Annual Data
Mar16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 50.60 49.35 49.69 49.62 48.28

TSE:3466 vs PLD, PSA, EXR: Pretax Margin % Comparison

For the REIT - Industrial subindustry, LaSalle LOGIPORT 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.


LaSalle LOGIPORT REIT Pretax Margin % vs REITs Industry

For the REITs industry and Real Estate sector, LaSalle LOGIPORT REIT's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where LaSalle LOGIPORT REIT's Pretax Margin % falls into.


TSE:3466
71GF Score
LaSalle LOGIPORT REIT TSE:3466
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LaSalle LOGIPORT REIT 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.

LaSalle LOGIPORT REIT's Pretax Margin for the fiscal year that ended in Aug. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Aug. 2025 )/Revenue (A: Aug. 2025 )
=12907.026/25994.044
=49.65 %

LaSalle LOGIPORT REIT's Pretax Margin for the quarter that ended in Feb. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=6021.393/12471.111
=48.28 %

* 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 48.28% mean?
LaSalle LOGIPORT REIT (TSE:3466) has a Pretax Margin % of 48.28% as of Feb. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on LaSalle LOGIPORT REIT and its competitors. This is near median its historical median of 49.65. Over the past decade, LaSalle LOGIPORT REIT's Pretax Margin % has ranged from 45.90 to 52.04. According to the industry distribution chart, LaSalle LOGIPORT REIT ranks #445 out of 923 companies in the REITs industry, placing it in the top 48.2%.
Is LaSalle LOGIPORT REIT's Pretax Margin % too high?
LaSalle LOGIPORT REIT's current Pretax Margin % of 48.28% is near median its 10-year median of 49.65. Over the past 10 years, this metric has ranged from a low of 45.90 to a high of 52.04. The REITs industry median Pretax Margin % is 46.70. LaSalle LOGIPORT REIT's value of 48.28% is 3.4% above this industry median. Based on the distribution chart, LaSalle LOGIPORT REIT ranks #445 out of 923 companies in the REITs industry, which is above the industry midpoint. Overall, LaSalle LOGIPORT REIT has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does LaSalle LOGIPORT REIT's Pretax Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, LaSalle LOGIPORT REIT ranks #445 out of 923 companies for Pretax Margin %. This puts LaSalle LOGIPORT REIT in the upper half of its industry. The industry median Pretax Margin % is 46.70. LaSalle LOGIPORT REIT's value of 48.28% is 3.4% above this benchmark. Historically, LaSalle LOGIPORT REIT's own Pretax Margin % has ranged from 45.90 to 52.04 over the past decade. While the company's 10-year median is 49.65 vs. the industry median of 46.70, LaSalle LOGIPORT REIT 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. LaSalle LOGIPORT REIT's current Pretax Margin % of 48.28% is 3.4% 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 LaSalle LOGIPORT 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. LaSalle LOGIPORT REIT's current Pretax Margin % is 48.28%, which is near median its own 10-year median of 49.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LaSalle LOGIPORT REIT stock overvalued right now?
Based on GuruFocus' analysis, LaSalle LOGIPORT REIT (TSE:3466) is currently considered Fairly Valued. The stock's GF Value™ is 円160,169.81, compared to a current price of 円148,600.00 — trading 7.2% below its estimated fair value. The current Pretax Margin % is 48.28%, which is near median its 10-year median of 49.65 and 3.4% above the REITs industry median of 46.70. LaSalle LOGIPORT REIT's overall GF Score™ is 71/100 with 5 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 LaSalle LOGIPORT REIT (TSE:3466), the current Pretax Margin % is 48.28% as of Feb. 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 LaSalle LOGIPORT REIT (TSE:3466) Overvalued in 2026?

Based on GuruFocus' analysis, LaSalle LOGIPORT REIT stock appears to be undervalued. The current stock price of 円148,600.00 is trading 7.2% below its estimated GF Value™ of 円160,169.81. GuruFocus considers LaSalle LOGIPORT REIT to be Fairly Valued.

Key valuation signals for TSE:3466:

  • Pretax Margin %: 48.28% (near median its 10-year median of 49.65)
  • GF Value™: 円160,169.81 vs. price of 円148,600.00 (7.2% below fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 3.4% above the REITs median (#445 of 923)

No single metric tells the full story. See the TSE:3466 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LaSalle LOGIPORT REIT Business Description

Industry Real EstateREITs
Address Marunouchi, 1-11-1, Marunouchi, 14th Floor, Pacific Century Place, Chiyoda-ku, Tokyo, JPN
LaSalle LOGIPORT REIT is a Japan-based real estate investment trust. The company intends to invest in facilities that cater to its tenant's needs for integrated and efficient logistics operations. The majority of firm's assets are located in Tokyo area. The firm focuses on investments in prime logistics within the Tokyo and Osaka area. Its growth strategy is backed by the sponsor group's support.
71GF Score

Get the complete analysis for TSE:3466

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

円148,600.00
Price
円160,169.81
GF Value