Fundo De Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11) Gross Margin %: 98.10% (As of Dec. 2025) — Near Median


BSP:SPXS11 Fundo De Investimento Imobiliario Spx Syn Multiestrategia BSP:SPXS11
27 GF Score
Price R$8.06
! 2 Warning Signs
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What is Fundo De Investimento Imobiliario Spx Syn Multiestrategia Gross Margin %?

Fundo De Investimento Imobiliario Spx Syn Multiestrategia BSP:SPXS11 -0.25% 27 Gross Margin % is 98.10% as of Dec. 2025, which is 1% above its 10-year median of 96.97. GuruFocus rates BSP:SPXS11 with a GF Score™ of 27/100. The stock has 2 warning signs investors should review. Among 680 REITs companies, Fundo De Investimento Imobiliario Spx Syn Multiestrategia ranks better than 94.12% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Gross Profit for the six months ended in Dec. 2025 was R$24.00 Mil. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Revenue for the six months ended in Dec. 2025 was R$24.47 Mil. Therefore, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Gross Margin % for the quarter that ended in Dec. 2025 was 98.10%.


The historical rank and industry rank for Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Gross Margin % or its related term are showing as below:

BSP:SPXS11' s Gross Margin % Range Over the Past 10 Years
Min: 95.83   Med: 96.97   Max: 98.1
Current: 98.1


During the past 4 years, the highest Gross Margin % of Fundo De Investimento Imobiliario Spx Syn Multiestrategia was 98.10%. The lowest was 95.83%. And the median was 96.97%.

BSP:SPXS11's Gross Margin % is ranked better than
94.12% of 680 companies
in the REITs industry
Industry Median: 69.955 vs BSP:SPXS11: 98.10

Fundo De Investimento Imobiliario Spx Syn Multiestrategia had a gross margin of 98.10% for the quarter that ended in Dec. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Fundo De Investimento Imobiliario Spx Syn Multiestrategia was 0.00% per year.


Fundo De Investimento Imobiliario Spx Syn Multiestrategia  (BSP:SPXS11) 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

Fundo De Investimento Imobiliario Spx Syn Multiestrategia had a gross margin of 98.10% 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 De Investimento Imobiliario Spx Syn Multiestrategia Gross Margin % Related Terms


Fundo De Investimento Imobiliario Spx Syn Multiestrategia Gross Margin % Historical Data

* Premium members only.

The historical data trend for Fundo De Investimento Imobiliario Spx Syn Multiestrategia'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.

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Gross Margin % Chart

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Gross Margin %
0.00 95.83 0.00 98.10

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Gross Margin % 0.00 95.83 0.00 98.10

BSP:SPXS11 vs VICI, WPC: Gross Margin % Comparison

For the REIT - Diversified subindustry, Fundo De Investimento Imobiliario Spx Syn Multiestrategia'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 De Investimento Imobiliario Spx Syn Multiestrategia Gross Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Gross Margin % falls into.


BSP:SPXS11
27GF Score
Fundo De Investimento Imobiliario Spx Syn Multiestrategia BSP:SPXS11
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Fundo De Investimento Imobiliario Spx Syn Multiestrategia Gross Margin % Calculation

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

Fundo De Investimento Imobiliario Spx Syn Multiestrategia'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 )
=24 / 24.468
=(Revenue - Cost of Goods Sold) / Revenue
=(24.468 - 0.464) / 24.468
=98.10 %

Fundo De Investimento Imobiliario Spx Syn Multiestrategia'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 )
=24 / 24.468
=(Revenue - Cost of Goods Sold) / Revenue
=(24.468 - 0.464) / 24.468
=98.10 %

* 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 98.10% mean?
Fundo De Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11) has a Gross Margin % of 98.10% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Fundo De Investimento Imobiliario Spx Syn Multiestrategia and its competitors. This is near median its historical median of 96.97. Over the past decade, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Gross Margin % has ranged from 95.83 to 98.10. According to the industry distribution chart, Fundo De Investimento Imobiliario Spx Syn Multiestrategia ranks #40 out of 680 companies in the REITs industry, placing it in the top 5.9%.
Is Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Gross Margin % too high?
Fundo De Investimento Imobiliario Spx Syn Multiestrategia's current Gross Margin % of 98.10% is near median its 10-year median of 96.97. Over the past 10 years, this metric has ranged from a low of 95.83 to a high of 98.10. The REITs industry median Gross Margin % is 69.96. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's value of 98.10% is 40.2% above this industry median. Based on the distribution chart, Fundo De Investimento Imobiliario Spx Syn Multiestrategia ranks #40 out of 680 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Fundo De Investimento Imobiliario Spx Syn Multiestrategia has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Gross Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Fundo De Investimento Imobiliario Spx Syn Multiestrategia ranks #40 out of 680 companies for Gross Margin %. This places Fundo De Investimento Imobiliario Spx Syn Multiestrategia in the top 6% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 69.96. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's value of 98.10% is 40.2% above this benchmark. Historically, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's own Gross Margin % has ranged from 95.83 to 98.10 over the past decade. While the company's 10-year median is 96.97 vs. the industry median of 69.96, Fundo De Investimento Imobiliario Spx Syn Multiestrategia 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 69.96, 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 De Investimento Imobiliario Spx Syn Multiestrategia's current Gross Margin % of 98.10% is 40.2% 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 Fundo De Investimento Imobiliario Spx Syn Multiestrategia and its competitors. For the REITs industry, the median Gross Margin % is 69.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's current Gross Margin % is 98.10%, which is near median its own 10-year median of 96.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo De Investimento Imobiliario Spx Syn Multiestrategia stock overvalued right now?
Fundo De Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11) has a current Gross Margin % of 98.10%. The current Gross Margin % is 98.10%, which is near median its 10-year median of 96.97 and 40.2% above the REITs industry median of 69.96. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's overall GF Score™ is 27/100 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 De Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11), the current Gross Margin % is 98.10% 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.

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Business Description

Industry Real EstateREITs
Address PRAIA DE BOTAFOGO, 501 - 6th Floor, Botafogo, Rio de Janeiro, RJ, BRA, 22250040
Fundo De Investimento Imobiliario SPX Syn Multiestrategia is a closed-end real estate investment fund. The fund's goal is to generate income and/or capital gains, as well as to provide shareholders with appreciation of their shares through investment and, when applicable, divestment, in various asset classes.
27GF Score

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

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