Inter Residence Fundo DE Investimento Imobiliario -FII (BSP:INRD11) Gross Margin %: 92.64% (As of Jun. 2025) — Near Median

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BSP:INRD11 Inter Residence Fundo DE Investimento Imobiliario -FII BSP:INRD11
52 GF Score
Price R$76.15
! 3 Warning Signs
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What is Inter Residence Fundo DE Investimento Imobiliario -FII Gross Margin %?

Inter Residence Fundo DE Investimento Imobiliario -FII BSP:INRD11 +0.33% 52 Gross Margin % is 92.64% as of Jun. 2025, which is 4% below its 10-year median of 96.24. GuruFocus rates BSP:INRD11 with a GF Score™ of 52/100. The stock has 3 warning signs investors should review. Among 676 REITs companies, Inter Residence Fundo DE Investimento Imobiliario -FII ranks better than 88.02% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Inter Residence Fundo DE Investimento Imobiliario -FII's Gross Profit for the six months ended in Jun. 2025 was R$10.66 Mil. Inter Residence Fundo DE Investimento Imobiliario -FII's Revenue for the six months ended in Jun. 2025 was R$11.51 Mil. Therefore, Inter Residence Fundo DE Investimento Imobiliario -FII's Gross Margin % for the quarter that ended in Jun. 2025 was 92.64%.


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

BSP:INRD11' s Gross Margin % Range Over the Past 10 Years
Min: 92.64   Med: 96.24   Max: 97.04
Current: 92.64


During the past 5 years, the highest Gross Margin % of Inter Residence Fundo DE Investimento Imobiliario -FII was 97.04%. The lowest was 92.64%. And the median was 96.24%.

BSP:INRD11's Gross Margin % is ranked better than
88.02% of 676 companies
in the REITs industry
Industry Median: 69.705 vs BSP:INRD11: 92.64

Inter Residence Fundo DE Investimento Imobiliario -FII had a gross margin of 92.64% for the quarter that ended in Jun. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Inter Residence Fundo DE Investimento Imobiliario -FII was -1.00% per year.


Inter Residence Fundo DE Investimento Imobiliario -FII  (BSP:INRD11) 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

Inter Residence Fundo DE Investimento Imobiliario -FII had a gross margin of 92.64% for the quarter that ended in Jun. 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.


Inter Residence Fundo DE Investimento Imobiliario -FII Gross Margin % Related Terms


Inter Residence Fundo DE Investimento Imobiliario -FII Gross Margin % Historical Data

* Premium members only.

The historical data trend for Inter Residence 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.

Inter Residence Fundo DE Investimento Imobiliario -FII Gross Margin % Chart

Inter Residence Fundo DE Investimento Imobiliario -FII Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24
Gross Margin %
97.04 96.24 96.34 94.39 93.16

Inter Residence Fundo DE Investimento Imobiliario -FII Semi-Annual Data
Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Gross Margin % Get a 7-Day Free Trial 96.24 96.34 94.39 93.16 92.64

BSP:INRD11 vs AVB, EQR, ESS: Gross Margin % Comparison

For the REIT - Residential subindustry, Inter Residence 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.


Inter Residence Fundo DE Investimento Imobiliario -FII Gross Margin % vs REITs Industry

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

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


BSP:INRD11
52GF Score
Inter Residence Fundo DE Investimento Imobiliario -FII BSP:INRD11
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Inter Residence Fundo DE Investimento Imobiliario -FII Gross Margin % Calculation

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

Inter Residence Fundo DE Investimento Imobiliario -FII's Gross Margin for the fiscal year that ended in Jun. 2024 is calculated as

Gross Margin % (A: Jun. 2024 )=Gross Profit (A: Jun. 2024 ) / Revenue (A: Jun. 2024 )
=9.8 / 10.474
=(Revenue - Cost of Goods Sold) / Revenue
=(10.474 - 0.716) / 10.474
=93.16 %

Inter Residence Fundo DE Investimento Imobiliario -FII's Gross Margin for the quarter that ended in Jun. 2025 is calculated as


Gross Margin % (Q: Jun. 2025 )=Gross Profit (Q: Jun. 2025 ) / Revenue (Q: Jun. 2025 )
=10.7 / 11.506
=(Revenue - Cost of Goods Sold) / Revenue
=(11.506 - 0.847) / 11.506
=92.64 %

* 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 92.64% mean?
Inter Residence Fundo DE Investimento Imobiliario -FII (BSP:INRD11) has a Gross Margin % of 92.64% as of Jun. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Inter Residence Fundo DE Investimento Imobiliario -FII and its competitors. This is near median its historical median of 96.24. Over the past decade, Inter Residence Fundo DE Investimento Imobiliario -FII's Gross Margin % has ranged from 92.64 to 97.04. According to the industry distribution chart, Inter Residence Fundo DE Investimento Imobiliario -FII ranks #81 out of 676 companies in the REITs industry, placing it in the top 12%.
Is Inter Residence Fundo DE Investimento Imobiliario -FII's Gross Margin % too high?
Inter Residence Fundo DE Investimento Imobiliario -FII's current Gross Margin % of 92.64% is near median its 10-year median of 96.24. Over the past 10 years, this metric has ranged from a low of 92.64 to a high of 97.04. The REITs industry median Gross Margin % is 69.71. Inter Residence Fundo DE Investimento Imobiliario -FII's value of 92.64% is 32.9% above this industry median. Based on the distribution chart, Inter Residence Fundo DE Investimento Imobiliario -FII ranks #81 out of 676 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Inter Residence Fundo DE Investimento Imobiliario -FII has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Inter Residence Fundo DE Investimento Imobiliario -FII's Gross Margin % compare to AVB and EQR?
According to the REITs industry distribution chart, Inter Residence Fundo DE Investimento Imobiliario -FII ranks #81 out of 676 companies for Gross Margin %. This places Inter Residence Fundo DE Investimento Imobiliario -FII in the top 12% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 69.71. Inter Residence Fundo DE Investimento Imobiliario -FII's value of 92.64% is 32.9% above this benchmark. Historically, Inter Residence Fundo DE Investimento Imobiliario -FII's own Gross Margin % has ranged from 92.64 to 97.04 over the past decade. While the company's 10-year median is 96.24 vs. the industry median of 69.71, Inter Residence Fundo DE Investimento Imobiliario -FII 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 69.71, based on 676 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. Inter Residence Fundo DE Investimento Imobiliario -FII's current Gross Margin % of 92.64% is 32.9% 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 Inter Residence Fundo DE Investimento Imobiliario -FII and its competitors. For the REITs industry, the median Gross Margin % is 69.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inter Residence Fundo DE Investimento Imobiliario -FII's current Gross Margin % is 92.64%, which is near median its own 10-year median of 96.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inter Residence Fundo DE Investimento Imobiliario -FII stock overvalued right now?
Inter Residence Fundo DE Investimento Imobiliario -FII (BSP:INRD11) has a current Gross Margin % of 92.64%. The current Gross Margin % is 92.64%, which is near median its 10-year median of 96.24 and 32.9% above the REITs industry median of 69.71. Inter Residence Fundo DE Investimento Imobiliario -FII's overall GF Score™ is 52/100 with 3 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 Inter Residence Fundo DE Investimento Imobiliario -FII (BSP:INRD11), the current Gross Margin % is 92.64% as of Jun. 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.

Inter Residence Fundo DE Investimento Imobiliario -FII Business Description

Industry Real EstateREITs
Address Avenue Presidente Juscelino Kubitschek, 1400 - 8th Floor, Condminio Maria Cecilia Lara Campos - Itaim Bibi, Sao Paulo, SP, BRA, 04543-000
Inter Residence Fundo DE Investimento Imobiliario -FII formerly Luggo Fundo DE Investimento Imobiliario - FII is a real estate investment fund which focuses its investments in the residential construction sector.
52GF Score

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

R$76.15
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