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Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) 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.
Starlight US Residential Fund (Multi-Family) Investment LP Pretax Margin % Related Terms
Starlight US Residential Fund (Multi-Family) Investment LP Pretax Margin % Historical Data
* 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.
Starlight US Residential Fund (Multi-Family) Investment LP Pretax Margin % Chart
Starlight US Residential Fund (Multi-Family) Investment LP Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Pretax Margin %
-15.87
-65.07
-274.63
-147.43
-128.05
Starlight US Residential Fund (Multi-Family) Investment LP Quarterly Data
* 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.
Starlight US Residential Fund (Multi-Family) Investment LP Pretax Margin % vs REITs Industry
* 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.
Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) has a Pretax Margin % of -351.11% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Starlight US Residential Fund (Multi-Family) Investment LP and its competitors. According to the industry distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #886 out of 916 companies in the REITs industry, placing it in the top 96.7%.
Is Starlight US Residential Fund (Multi-Family) Investment LP's Pretax Margin % too high?
Starlight US Residential Fund (Multi-Family) Investment LP's current Pretax Margin % is -351.11%. Based on the distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #886 out of 916 companies in the REITs industry, which is in the bottom quartile relative to peers.
How does Starlight US Residential Fund (Multi-Family) Investment LP's Pretax Margin % compare to AVB and EQR?
According to the REITs industry distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #886 out of 916 companies for Pretax Margin %. This places Starlight US Residential Fund (Multi-Family) Investment LP in the lower half of its industry. The industry median Pretax Margin % is 47.82. 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 47.82, based on 916 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. 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 Starlight US Residential Fund (Multi-Family) Investment LP and its competitors. For the REITs industry, the median Pretax Margin % is 47.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starlight US Residential Fund (Multi-Family) Investment LP's current Pretax Margin % is -351.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starlight US Residential Fund (Multi-Family) Investment LP stock overvalued right now?
Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) has a current Pretax Margin % of -351.11%. The current Pretax Margin % is -351.11%. 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 Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN), the current Pretax Margin % is -351.11% 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.
Starlight US Residential Fund (Multi-Family) Investment LP is a "closed-end" trust. It operates as a real estate investment and asset management company that acquires, owns, and operates a portfolio of multifamily properties and single-family rental homes. The company evaluates properties based on pricing and local supply-and-demand conditions in relation to the fund's stated performance targets. Its portfolio includes properties located in Arizona, Florida, and North Carolina.
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