CENTRAL REIT Investment (TSE:3488) Pretax Margin %: 37.52% (As of Feb. 2026) — 25% Below Median


TSE:3488 CENTRAL REIT Investment Corp TSE:3488
60 GF Score
Price 円105,100.00
GF Value 円131,701.78
Valuation Modestly Undervalued
! 4 Warning Signs
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What is CENTRAL REIT Investment Pretax Margin %?

CENTRAL REIT Investment TSE:3488 +0.67% 60 Pretax Margin % is 37.52% as of Feb. 2026, which is 25% below its 10-year median of 49.77. GuruFocus rates TSE:3488 with a GF Score™ of 60/100 and a GF Value™ of 円131,701.78 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 929 REITs companies, CENTRAL REIT Investment ranks worse than 55.76% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. CENTRAL REIT Investment's Pre-Tax Income for the six months ended in Feb. 2026 was 円809 Mil. CENTRAL REIT Investment's Revenue for the six months ended in Feb. 2026 was 円2,157 Mil. Therefore, CENTRAL REIT Investment's pretax margin for the quarter that ended in Feb. 2026 was 37.52%.

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

TSE:3488' s Pretax Margin % Range Over the Past 10 Years
Min: 41.73   Med: 49.77   Max: 55.88
Current: 41.73


TSE:3488's Pretax Margin % is ranked worse than
55.76% of 929 companies
in the REITs industry
Industry Median: 46.7 vs TSE:3488: 41.73

CENTRAL REIT Investment  (TSE:3488) 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.


CENTRAL REIT Investment Pretax Margin % Related Terms


CENTRAL REIT Investment Pretax Margin % Historical Data

* Premium members only.

The historical data trend for CENTRAL 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.

CENTRAL REIT Investment Pretax Margin % Chart

CENTRAL REIT Investment Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Pretax Margin %
Get a 7-Day Free Trial 50.02 53.79 48.52 49.52 47.03

CENTRAL REIT Investment Semi-Annual Data
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 49.59 49.44 47.03 47.03 37.52

TSE:3488 vs VICI, WPC, BNL: Pretax Margin % Comparison

For the REIT - Diversified subindustry, CENTRAL 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.


CENTRAL REIT Investment Pretax Margin % vs REITs Industry

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

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


TSE:3488
60GF Score
CENTRAL REIT Investment Corp TSE:3488
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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CENTRAL 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.

CENTRAL REIT Investment'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 )
=1612.25/3428.45
=47.03 %

CENTRAL REIT Investment'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 )
=809.259/2156.766
=37.52 %

* 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 37.52% mean?
CENTRAL REIT Investment (TSE:3488) has a Pretax Margin % of 37.52% as of Feb. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on CENTRAL REIT Investment and its competitors. This is 25% below median its historical median of 49.77. Over the past decade, CENTRAL REIT Investment's Pretax Margin % has ranged from 41.73 to 55.88. According to the industry distribution chart, CENTRAL REIT Investment ranks #518 out of 929 companies in the REITs industry, placing it in the top 55.8%.
Is CENTRAL REIT Investment's Pretax Margin % too high?
CENTRAL REIT Investment's current Pretax Margin % of 37.52% is 25% below median its 10-year median of 49.77. Over the past 10 years, this metric has ranged from a low of 41.73 to a high of 55.88. The REITs industry median Pretax Margin % is 46.70. CENTRAL REIT Investment's value of 37.52% is 19.7% below this industry median. Based on the distribution chart, CENTRAL REIT Investment ranks #518 out of 929 companies in the REITs industry, which is below the industry midpoint. Overall, CENTRAL REIT Investment has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CENTRAL REIT Investment's Pretax Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, CENTRAL REIT Investment ranks #518 out of 929 companies for Pretax Margin %. This places CENTRAL REIT Investment in the lower half of its industry. The industry median Pretax Margin % is 46.70. CENTRAL REIT Investment's value of 37.52% is 19.7% below this benchmark. Historically, CENTRAL REIT Investment's own Pretax Margin % has ranged from 41.73 to 55.88 over the past decade. While the company's 10-year median is 49.77 vs. the industry median of 46.70, CENTRAL REIT Investment 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. CENTRAL REIT Investment's current Pretax Margin % of 37.52% is 19.7% 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 CENTRAL 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. CENTRAL REIT Investment's current Pretax Margin % is 37.52%, which is 25% below median its own 10-year median of 49.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CENTRAL REIT Investment stock overvalued right now?
Based on GuruFocus' analysis, CENTRAL REIT Investment (TSE:3488) is currently considered Modestly Undervalued. The stock's GF Value™ is 円131,701.78, compared to a current price of 円105,100.00 — trading 20.2% below its estimated fair value. The current Pretax Margin % is 37.52%, which is 25% below median its 10-year median of 49.77 and 19.7% below the REITs industry median of 46.70. CENTRAL REIT Investment's overall GF Score™ is 60/100 with 4 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 CENTRAL REIT Investment (TSE:3488), the current Pretax Margin % is 37.52% 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 CENTRAL REIT Investment (TSE:3488) Overvalued in 2026?

Based on GuruFocus' analysis, CENTRAL REIT Investment stock appears to be undervalued. The current stock price of 円105,100.00 is trading 20.2% below its estimated GF Value™ of 円131,701.78. GuruFocus considers CENTRAL REIT Investment to be Modestly Undervalued.

Key valuation signals for TSE:3488:

  • Pretax Margin %: 37.52% (25% below median its 10-year median of 49.77)
  • GF Value™: 円131,701.78 vs. price of 円105,100.00 (20.2% below fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 19.7% below the REITs median (#518 of 929)

No single metric tells the full story. See the TSE:3488 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CENTRAL REIT Investment Business Description

Industry Real EstateREITs
Address 1-11-30 Akasaka, Minato-ku, Tokyo, JPN, 107-0052
CENTRAL REIT Investment Corp, formerly XYMAX REIT Investment Corp works as a real estate manager. The company offers a range of services including leasing, managing, brokerage, consulting, and other services. It operates properties including office, retail, logistics and hotel buildings based on contract.
60GF Score

Get the complete analysis for TSE:3488

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

円105,100.00
Price
円131,701.78
GF Value