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
Fundo Investimento Imobiliario SC 401 had a gross margin of 79.59% for the quarter that ended in Dec. 2025 => 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.
Fundo Investimento Imobiliario SC 401 Gross Margin % Related Terms
Fundo Investimento Imobiliario SC 401 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.
BSP:FISC11 vs VICI, WPC: Gross Margin % Comparison
For the REIT - Diversified subindustry, Fundo Investimento Imobiliario SC 401'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.
Fundo Investimento Imobiliario SC 401 Gross 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.
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.
Fundo Investimento Imobiliario SC 401 (BSP:FISC11) has a Gross Margin % of 79.59% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Fundo Investimento Imobiliario SC 401 and its competitors. This is 90% above median its historical median of 41.95. Over the past decade, Fundo Investimento Imobiliario SC 401's Gross Margin % has ranged from 6.12 to 81.02. According to the industry distribution chart, Fundo Investimento Imobiliario SC 401 ranks #209 out of 680 companies in the REITs industry, placing it in the top 30.7%.
Is Fundo Investimento Imobiliario SC 401's Gross Margin % too high?
Fundo Investimento Imobiliario SC 401's current Gross Margin % of 79.59% is 90% above median its 10-year median of 41.95. Over the past 10 years, this metric has ranged from a low of 6.12 to a high of 81.02. The REITs industry median Gross Margin % is 69.61. Fundo Investimento Imobiliario SC 401's value of 79.59% is 14.3% above this industry median. Based on the distribution chart, Fundo Investimento Imobiliario SC 401 ranks #209 out of 680 companies in the REITs industry, which is above the industry midpoint. Overall, Fundo Investimento Imobiliario SC 401 has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fundo Investimento Imobiliario SC 401's Gross Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Fundo Investimento Imobiliario SC 401 ranks #209 out of 680 companies for Gross Margin %. This puts Fundo Investimento Imobiliario SC 401 in the upper half of its industry. The industry median Gross Margin % is 69.61. Fundo Investimento Imobiliario SC 401's value of 79.59% is 14.3% above this benchmark. Historically, Fundo Investimento Imobiliario SC 401's own Gross Margin % has ranged from 6.12 to 81.02 over the past decade. While the company's 10-year median is 41.95 vs. the industry median of 69.61, Fundo Investimento Imobiliario SC 401 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 69.61, based on 680 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. Fundo Investimento Imobiliario SC 401's current Gross Margin % of 79.59% is 14.3% 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 Fundo Investimento Imobiliario SC 401 and its competitors. For the REITs industry, the median Gross Margin % is 69.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo Investimento Imobiliario SC 401's current Gross Margin % is 79.59%, which is 90% above median its own 10-year median of 41.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo Investimento Imobiliario SC 401 stock overvalued right now?
Based on GuruFocus' analysis, Fundo Investimento Imobiliario SC 401 (BSP:FISC11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$95.51, compared to a current price of R$68.25 — trading 28.5% below its estimated fair value. The current Gross Margin % is 79.59%, which is 90% above median its 10-year median of 41.95 and 14.3% above the REITs industry median of 69.61. Fundo Investimento Imobiliario SC 401's overall GF Score™ is 71/100 with 2 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 Fundo Investimento Imobiliario SC 401 (BSP:FISC11), the current Gross Margin % is 79.59% 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 Fundo Investimento Imobiliario SC 401 (BSP:FISC11) Overvalued in 2026?
Based on GuruFocus' analysis, Fundo Investimento Imobiliario SC 401 stock appears to be undervalued.
The current stock price of R$68.25 is trading 28.5% below its estimated GF Value™ of R$95.51.
GuruFocus considers Fundo Investimento Imobiliario SC 401 to be Modestly Undervalued.
Key valuation signals for BSP:FISC11:
Gross Margin %: 79.59% (90% above median its 10-year median of 41.95)
GF Value™: R$95.51 vs. price of R$68.25 (28.5% below fair value)
Industry Position: 14.3% above the REITs median (#209 of 680)
No single metric tells the full story. See the BSP:FISC11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fundo Investimento Imobiliario SC 401 Business Description
Fundo Investimento Imobiliario SC 401 is a structured fund operated by UNITS BR-CAPITAL. The fund owns stores and office complexes for the lease of Square SC, a multipurpose development located in Florianopolis/SC, and Mall W Tower, a mall located in Caxias do Sul/RS. The fund owns stores and corporate offices in Square SC, in addition to owning the rotating parking lot and owns stores in the Mall W Tower and the rotating parking in the Mall.
71GF Score
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