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Manulife US REIT (SGX:BTOU) Gross Profit : $114.6 Mil (TTM As of Dec. 2023)


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What is Manulife US REIT Gross Profit?

Manulife US REIT's gross profit for the six months ended in Dec. 2023 was $60.7 Mil. Manulife US REIT's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $114.6 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Manulife US REIT's gross profit for the six months ended in Dec. 2023 was $60.7 Mil. Manulife US REIT's Revenue for the six months ended in Dec. 2023 was $108.5 Mil. Therefore, Manulife US REIT's Gross Margin % for the quarter that ended in Dec. 2023 was 55.93%.

Manulife US REIT had a gross margin of 55.93% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 11 years, the highest Gross Margin % of Manulife US REIT was 63.40%. The lowest was 55.09%. And the median was 62.16%.

Warning Sign:

Manulife US REIT gross margin has been in long-term decline. The average rate of decline per year is -2.8%.


Manulife US REIT Gross Profit Historical Data

The historical data trend for Manulife US REIT's Gross Profit 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.

* Premium members only.

Manulife US REIT Gross Profit Chart

Manulife US REIT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 110.78 115.84 109.55 113.16 114.61

Manulife US REIT Semi-Annual Data
Dec13 Dec14 Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Gross Profit 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 59.22 56.16 57.00 53.95 60.66

Competitive Comparison of Manulife US REIT's Gross Profit

For the REIT - Office subindustry, Manulife US REIT's Gross Profit, along with its competitors' market caps and Gross Profit 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.


Manulife US REIT's Gross Profit Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Manulife US REIT's Gross Profit distribution charts can be found below:

* The bar in red indicates where Manulife US REIT's Gross Profit falls into.



Manulife US REIT Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Manulife US REIT's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=208.025 - 93.419
=114.6

Manulife US REIT's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=108.457 - 47.802
=60.7

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $114.6 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Manulife US REIT's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=60.7 / 108.457
=55.93 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Manulife US REIT  (SGX:BTOU) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Manulife US REIT had a gross margin of 55.93% for the quarter that ended in Dec. 2023 => Durable competitive advantage


Manulife US REIT Gross Profit Related Terms

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Manulife US REIT (SGX:BTOU) Business Description

Traded in Other Exchanges
Address
8 Cross Street, No.16-03 Manulife Tower, Singapore, SGP, 048424
Manulife US REIT is a pure-play U.S. office REIT in Asia. The company along with its subsidiaries invests, directly or indirectly, in a portfolio of income-producing office real estate in markets in the U.S., as well as real estate-related assets. The Group's investment properties comprise commercial office properties. Some of its properties include Figueroa and Michelson in California along with Plaza and Exchange in New Jersey. Geographically, the majority is derived from the United States.

Manulife US REIT (SGX:BTOU) Headlines

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