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WHA Industrial Leasehold REITBKK:WHAIR 76 Gross Margin % is 87.41% as of Mar. 2026, which is 3% below its 10-year median of 89.89. GuruFocus rates BKK:WHAIR with a GF Score™ of 76/100 and a GF Value™ of ฿6.19 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 677 REITs companies, WHA Industrial Leasehold REIT ranks better than 81.54% on this metric.
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
WHA Industrial Leasehold REIT had a gross margin of 87.41% for the quarter that ended in Mar. 2026 => 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.
WHA Industrial Leasehold REIT Gross Margin % Related Terms
WHA Industrial Leasehold REIT Gross 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.
BKK:WHAIR vs PLD, PSA, EXR: Gross Margin % Comparison
For the REIT - Industrial subindustry, WHA Industrial Leasehold REIT'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.
WHA Industrial Leasehold REIT Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, WHA Industrial Leasehold REIT's Gross Margin % distribution charts can be found below:
* The bar in red indicates where WHA Industrial Leasehold REIT's Gross Margin % falls into.
* 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.
WHA Industrial Leasehold REIT (BKK:WHAIR) has a Gross Margin % of 87.41% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on WHA Industrial Leasehold REIT and its competitors. This is near median its historical median of 89.89. Over the past decade, WHA Industrial Leasehold REIT's Gross Margin % has ranged from 85.96 to 91.42. According to the industry distribution chart, WHA Industrial Leasehold REIT ranks #125 out of 677 companies in the REITs industry, placing it in the top 18.5%.
Is WHA Industrial Leasehold REIT's Gross Margin % too high?
WHA Industrial Leasehold REIT's current Gross Margin % of 87.41% is near median its 10-year median of 89.89. Over the past 10 years, this metric has ranged from a low of 85.96 to a high of 91.42. The REITs industry median Gross Margin % is 69.79. WHA Industrial Leasehold REIT's value of 87.41% is 25.2% above this industry median. Based on the distribution chart, WHA Industrial Leasehold REIT ranks #125 out of 677 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, WHA Industrial Leasehold REIT has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WHA Industrial Leasehold REIT's Gross Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, WHA Industrial Leasehold REIT ranks #125 out of 677 companies for Gross Margin %. This places WHA Industrial Leasehold REIT in the top 19% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 69.79. WHA Industrial Leasehold REIT's value of 87.41% is 25.2% above this benchmark. Historically, WHA Industrial Leasehold REIT's own Gross Margin % has ranged from 85.96 to 91.42 over the past decade. While the company's 10-year median is 89.89 vs. the industry median of 69.79, WHA Industrial Leasehold 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 Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.79, based on 677 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. WHA Industrial Leasehold REIT's current Gross Margin % of 87.41% is 25.2% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on WHA Industrial Leasehold REIT and its competitors. For the REITs industry, the median Gross Margin % is 69.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WHA Industrial Leasehold REIT's current Gross Margin % is 87.41%, which is near median its own 10-year median of 89.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WHA Industrial Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, WHA Industrial Leasehold REIT (BKK:WHAIR) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿6.19, compared to a current price of ฿8.10 — trading 30.9% above its estimated fair value. The current Gross Margin % is 87.41%, which is near median its 10-year median of 89.89 and 25.2% above the REITs industry median of 69.79. WHA Industrial Leasehold REIT's overall GF Score™ is 76/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For WHA Industrial Leasehold REIT (BKK:WHAIR), the current Gross Margin % is 87.41% 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.
Is WHA Industrial Leasehold REIT (BKK:WHAIR) Overvalued in 2026?
Based on GuruFocus' analysis, WHA Industrial Leasehold REIT stock appears to be overvalued.
The current stock price of ฿8.10 is trading 30.9% above its estimated GF Value™ of ฿6.19.
GuruFocus considers WHA Industrial Leasehold REIT to be Significantly Overvalued.
Key valuation signals for BKK:WHAIR:
Gross Margin %: 87.41% (near median its 10-year median of 89.89)
GF Value™: ฿6.19 vs. price of ฿8.10 (30.9% above fair value)
Industry Position: 25.2% above the REITs median (#125 of 677)
No single metric tells the full story. See the BKK:WHAIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WHA Industrial Leasehold REIT Business Description
WHA Industrial Leasehold REIT is a Thailand-based REIT. The company invests in leasehold lands mainly in Thailand for the purpose of building warehouses and factories. It serves tenants and entrepreneurs from various industries. The Trust's revenue derives from rental income from ordinary business activities and also includes relevant service income.
76GF Score
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