BSP:ZAVI11's Gross Margin % is ranked worse than 85.9% of 681
companies
in the REITs industry
Industry Median: 69.62
vs BSP:ZAVI11: 48.72
Real Estate Fund -Fundo De Investimento Imobiliario had a gross margin of 48.72% for the quarter that ended in Jun. 2025 => Durable competitive advantage
Real Estate Fund -Fundo De Investimento Imobiliario (BSP:ZAVI11) 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
Real Estate Fund -Fundo De Investimento Imobiliario had a gross margin of 48.72% 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.
Real Estate Fund -Fundo De Investimento Imobiliario Gross Margin % Related Terms
Real Estate Fund -Fundo De Investimento Imobiliario 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.
Real Estate Fund -Fundo De Investimento Imobiliario Gross Margin % Chart
Real Estate Fund -Fundo De Investimento Imobiliario Annual Data
Trend
Jun22
Jun23
Jun24
Jun25
Gross Margin %
24.87
59.29
49.34
48.72
Real Estate Fund -Fundo De Investimento Imobiliario Semi-Annual Data
Jun22
Jun23
Jun24
Jun25
Gross Margin %
24.87
59.29
49.34
48.72
BSP:ZAVI11 vs VICI, WPC: Gross Margin % Comparison
* 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.
Real Estate Fund -Fundo De Investimento Imobiliario 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.
Real Estate Fund -Fundo De Investimento Imobiliario (BSP:ZAVI11) has a Gross Margin % of 48.72% as of Jun. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Real Estate Fund -Fundo De Investimento Imobiliario and its competitors. This is near median its historical median of 49.03. Over the past decade, Real Estate Fund -Fundo De Investimento Imobiliario's Gross Margin % has ranged from 24.87 to 59.29. According to the industry distribution chart, Real Estate Fund -Fundo De Investimento Imobiliario ranks #585 out of 681 companies in the REITs industry, placing it in the top 85.9%.
Is Real Estate Fund -Fundo De Investimento Imobiliario's Gross Margin % too high?
Real Estate Fund -Fundo De Investimento Imobiliario's current Gross Margin % of 48.72% is near median its 10-year median of 49.03. Over the past 10 years, this metric has ranged from a low of 24.87 to a high of 59.29. The REITs industry median Gross Margin % is 69.62. Real Estate Fund -Fundo De Investimento Imobiliario's value of 48.72% is 30% below this industry median. Based on the distribution chart, Real Estate Fund -Fundo De Investimento Imobiliario ranks #585 out of 681 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Real Estate Fund -Fundo De Investimento Imobiliario has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Real Estate Fund -Fundo De Investimento Imobiliario's Gross Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Real Estate Fund -Fundo De Investimento Imobiliario ranks #585 out of 681 companies for Gross Margin %. This places Real Estate Fund -Fundo De Investimento Imobiliario in the lower half of its industry. The industry median Gross Margin % is 69.62. Real Estate Fund -Fundo De Investimento Imobiliario's value of 48.72% is 30% below this benchmark. Historically, Real Estate Fund -Fundo De Investimento Imobiliario's own Gross Margin % has ranged from 24.87 to 59.29 over the past decade. While the company's 10-year median is 49.03 vs. the industry median of 69.62, Real Estate Fund -Fundo De Investimento Imobiliario has consistently been below 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 69.62, based on 681 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. Real Estate Fund -Fundo De Investimento Imobiliario's current Gross Margin % of 48.72% is 30% below 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 Real Estate Fund -Fundo De Investimento Imobiliario and its competitors. For the REITs industry, the median Gross Margin % is 69.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Real Estate Fund -Fundo De Investimento Imobiliario's current Gross Margin % is 48.72%, which is near median its own 10-year median of 49.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Real Estate Fund -Fundo De Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Real Estate Fund -Fundo De Investimento Imobiliario (BSP:ZAVI11) is currently considered Possible Value Trap. The stock's GF Value™ is R$19.50, compared to a current price of R$9.51 — trading 51.2% below its estimated fair value. The current Gross Margin % is 48.72%, which is near median its 10-year median of 49.03 and 30% below the REITs industry median of 69.62. Real Estate Fund -Fundo De Investimento Imobiliario's overall GF Score™ is 57/100 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 Real Estate Fund -Fundo De Investimento Imobiliario (BSP:ZAVI11), the current Gross Margin % is 48.72% 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.
Is Real Estate Fund -Fundo De Investimento Imobiliario (BSP:ZAVI11) Overvalued in 2026?
Based on GuruFocus' analysis, Real Estate Fund -Fundo De Investimento Imobiliario stock appears to be undervalued.
The current stock price of R$9.51 is trading 51.2% below its estimated GF Value™ of R$19.50.
GuruFocus considers Real Estate Fund -Fundo De Investimento Imobiliario to be Possible Value Trap.
Key valuation signals for BSP:ZAVI11:
Gross Margin %: 48.72% (near median its 10-year median of 49.03)
GF Value™: R$19.50 vs. price of R$9.51 (51.2% below fair value)
Industry Position: 30% below the REITs median (#585 of 681)
No single metric tells the full story. See the BSP:ZAVI11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Real Estate Fund -Fundo De Investimento Imobiliario Business Description
Real Estate Fund -Fundo De Investimento Imobiliario is a closed-end fund. The fund's objective is to provide shareholders with appreciation and profitability of their shares predominantly through investments.
57GF Score
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