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Highwoods Properties (Highwoods Properties) Gross Margin %

: 66.38% (As of Dec. 2023)
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Gross Margin % is calculated as gross profit divided by its revenue. Highwoods Properties's Gross Profit for the three months ended in Dec. 2023 was $137.3 Mil. Highwoods Properties's Revenue for the three months ended in Dec. 2023 was $206.9 Mil. Therefore, Highwoods Properties's Gross Margin % for the quarter that ended in Dec. 2023 was 66.38%.


The historical rank and industry rank for Highwoods Properties's Gross Margin % or its related term are showing as below:

HIW' s Gross Margin % Range Over the Past 10 Years
Min: 62.96   Med: 66.31   Max: 69.21
Current: 67.77


During the past 13 years, the highest Gross Margin % of Highwoods Properties was 69.21%. The lowest was 62.96%. And the median was 66.31%.

HIW's Gross Margin % is ranked worse than
52.76% of 633 companies
in the REITs industry
Industry Median: 68.71 vs HIW: 67.77

Highwoods Properties had a gross margin of 66.38% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Highwoods Properties was 0.70% per year.


Highwoods Properties Gross Margin % Historical Data

The historical data trend for Highwoods Properties's Gross 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.

* Premium members only.

Highwoods Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.23 68.54 69.21 68.66 67.77

Highwoods Properties Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross 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 67.09 69.10 68.01 67.55 66.38

Competitive Comparison

For the REIT - Office subindustry, Highwoods Properties's Gross Margin %, along with its competitors' market caps and Gross 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.


Highwoods Properties Gross Margin % Distribution

For the REITs industry and Real Estate sector, Highwoods Properties's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Highwoods Properties's Gross Margin % falls into.



Highwoods Properties Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Highwoods Properties's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=565.2 / 833.997
=(Revenue - Cost of Goods Sold) / Revenue
=(833.997 - 268.782) / 833.997
=67.77 %

Highwoods Properties'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 )
=137.3 / 206.859
=(Revenue - Cost of Goods Sold) / Revenue
=(206.859 - 69.551) / 206.859
=66.38 %

* 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.


Highwoods Properties  (NYSE:HIW) Gross Margin % 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

Highwoods Properties had a gross margin of 66.38% for the quarter that ended in Dec. 2023 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Highwoods Properties Gross Margin % Related Terms

Thank you for viewing the detailed overview of Highwoods Properties's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Highwoods Properties (Highwoods Properties) Business Description

Traded in Other Exchanges
N/A
Address
150 Fayetteville Street, Suite 1400, Raleigh, NC, USA, 27601
Highwoods Properties Inc is a real estate investment trust engaged in the acquisition, ownership, management, and leasing of properties in urban areas throughout the Southern United States. In terms of total square footage, the vast majority of the company's real estate portfolio comprises office buildings in terms. Highwoods Properties derives nearly all of its income in the form of rental revenue from the tenants of its buildings. The majority of this revenue comes from its holdings in the urban markets of Atlanta, Raleigh, Nashville, and Tampa. These cities also account for the majority of the square footage under the company's ownership. Highwoods Properties' largest customers include the U.S. Government, financial services firms, industrial supply retailers, and healthcare companies.
Executives
Brian M Leary officer: EVP & COO 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Theodore J Klinck officer: VP/Chief Investment Officer 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Brendan C Maiorana officer: EVP of Finance & IR 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Jeffrey Douglas Miller officer: General Counsel & Sec. 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
David L Gadis director 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Mark F Mulhern director 410 S. WILMINGTON STREET, RALEIGH NC 27601
David John Hartzell director 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Thomas P Anderson director 3751 GRISSOM PARKWAY, SUITE 100, MYRTLE BEACH SC 29577
Carlos E Evans director 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27616
Anne H Lloyd director
Sherry A Kellett director
Edward J Fritsch director, officer: EVP & COO
Kevin E Penn officer: VP/Chief Strategy & Admin 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Michael E Harris officer: Sr. Vice President
Terry L Stevens officer: VP, CFO & Treasurer 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604

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