Btsp II Fundo DE Investimento Imobiliario FII (BSP:BTSI11) Gross Margin %: 0.00% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:BTSI11 Btsp II Fundo DE Investimento Imobiliario FII BSP:BTSI11
14 GF Score
Price R$109.17
GF Value R$185.25
! 6 Warning Signs
View Full Analysis

What is Btsp II Fundo DE Investimento Imobiliario FII Gross Margin %?

Btsp II Fundo DE Investimento Imobiliario FII BSP:BTSI11 14 Gross Margin % is 0.00% as of Dec. 2025. GuruFocus rates BSP:BTSI11 with a GF Score™ of 14/100 and a GF Value™ of R$185.25. The stock has 6 warning signs investors should review.

Gross Margin % is calculated as gross profit divided by its revenue. Btsp II Fundo DE Investimento Imobiliario FII's Gross Profit for the six months ended in Dec. 2025 was R$49.15 Mil. Btsp II Fundo DE Investimento Imobiliario FII's Revenue for the six months ended in Dec. 2025 was R$49.15 Mil. Therefore, Btsp II Fundo DE Investimento Imobiliario FII's Gross Margin % for the quarter that ended in Dec. 2025 was 0.00%. If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.


The historical rank and industry rank for Btsp II Fundo DE Investimento Imobiliario FII's Gross Margin % or its related term are showing as below:


BSP:BTSI11's Gross Margin % is not ranked *
in the REITs industry.
Industry Median: 69.925
* Ranked among companies with meaningful Gross Margin % only.

Btsp II Fundo DE Investimento Imobiliario FII had a gross margin of N/A% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Btsp II Fundo DE Investimento Imobiliario FII was 0.00% per year.


Btsp II Fundo DE Investimento Imobiliario FII  (BSP:BTSI11) 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

Btsp II Fundo DE Investimento Imobiliario FII had a gross margin of N/A% for the quarter that ended in Dec. 2025 => No sustainable 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.


Btsp II Fundo DE Investimento Imobiliario FII Gross Margin % Related Terms


Btsp II Fundo DE Investimento Imobiliario FII Gross Margin % Historical Data

* Premium members only.

The historical data trend for Btsp II Fundo DE Investimento Imobiliario FII'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.

Btsp II Fundo DE Investimento Imobiliario FII Gross Margin % Chart

Btsp II Fundo DE Investimento Imobiliario FII Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
0.00 0.00 0.00 0.00 0.00

Btsp II Fundo DE Investimento Imobiliario FII Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin % 0.00 0.00 0.00 0.00 0.00

BSP:BTSI11 vs PLD, PSA, EXR: Gross Margin % Comparison

For the REIT - Industrial subindustry, Btsp II Fundo DE Investimento Imobiliario FII'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.


Btsp II Fundo DE Investimento Imobiliario FII Gross Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Btsp II Fundo DE Investimento Imobiliario FII's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Btsp II Fundo DE Investimento Imobiliario FII's Gross Margin % falls into.


BSP:BTSI11
14GF Score
Btsp II Fundo DE Investimento Imobiliario FII BSP:BTSI11
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Btsp II Fundo DE Investimento Imobiliario FII Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Btsp II Fundo DE Investimento Imobiliario FII's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=49.2 / 49.15
=(Revenue - Cost of Goods Sold) / Revenue
=(49.15 - 0) / 49.15
=N/A %

Btsp II Fundo DE Investimento Imobiliario FII's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=49.2 / 49.15
=(Revenue - Cost of Goods Sold) / Revenue
=(49.15 - 0) / 49.15
=N/A %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 0.00% mean?
Btsp II Fundo DE Investimento Imobiliario FII (BSP:BTSI11) has a Gross Margin % of 0.00% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Btsp II Fundo DE Investimento Imobiliario FII and its competitors.
Is Btsp II Fundo DE Investimento Imobiliario FII's Gross Margin % too high?
Btsp II Fundo DE Investimento Imobiliario FII's current Gross Margin % is 0.00%. Overall, Btsp II Fundo DE Investimento Imobiliario FII has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Btsp II Fundo DE Investimento Imobiliario FII's Gross Margin % compare to PLD and PSA?
Btsp II Fundo DE Investimento Imobiliario FII's Gross Margin % of 0.00% can be compared against companies in the REITs industry. The industry median Gross Margin % is 69.93. 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 69.93, based on 678 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. 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 Btsp II Fundo DE Investimento Imobiliario FII and its competitors. For the REITs industry, the median Gross Margin % is 69.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Btsp II Fundo DE Investimento Imobiliario FII's current Gross Margin % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Btsp II Fundo DE Investimento Imobiliario FII stock overvalued right now?
Btsp II Fundo DE Investimento Imobiliario FII (BSP:BTSI11) has a current Gross Margin % of 0.00%. The stock's GF Value™ is R$185.25, compared to a current price of R$109.17 — trading 41.1% below its estimated fair value. The current Gross Margin % is 0.00%. Btsp II Fundo DE Investimento Imobiliario FII's overall GF Score™ is 14/100 with 6 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 Btsp II Fundo DE Investimento Imobiliario FII (BSP:BTSI11), the current Gross Margin % is 0.00% as of Dec. 2025. 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 Btsp II Fundo DE Investimento Imobiliario FII (BSP:BTSI11) Overvalued in 2026?

Based on GuruFocus' analysis, Btsp II Fundo DE Investimento Imobiliario FII stock appears to be undervalued. The current stock price of R$109.17 is trading 41.1% below its estimated GF Value™ of R$185.25.

Key valuation signals for BSP:BTSI11:

  • Gross Margin %: 0.00%
  • GF Value™: R$185.25 vs. price of R$109.17 (41.1% below fair value)
  • GF Score™: 14/100 with 6 warning signs

No single metric tells the full story. See the BSP:BTSI11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Btsp II Fundo DE Investimento Imobiliario FII Business Description

Industry Real EstateREITs
Address Avenida Barbacena, 1219, 21st Floor, PARTE, Santo Agostinho, Belo Horizonte, MG, BRA, 30190131
Btsp II Fundo DE Investimento Imobiliario FII is a closed end fund. The fund aims to develop real estate ventures focused on logistics and industrial operations, located in the Southeast and Midwest Regions, through the acquisition of land for construction or the acquisition of properties under construction or completed, for subsequent lease, rental or sale, including assets and rights related thereto, as well as other properties with potential income generation, and assets and rights related thereto.
14GF Score

Get the complete analysis for BSP:BTSI11

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

R$109.17
Price
R$185.25
GF Value