BTBIF (BTB Real Estate Investment Trust) Gross Margin %: 55.63% (As of Mar. 2026) — Near Median


BTBIF BTB Real Estate Investment Trust BTBIF
64 GF Score
Price $2.73
GF Value $2.42
Valuation Modestly Overvalued
! 11 Warning Signs
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What is BTB Real Estate Investment Trust Gross Margin %?

BTB Real Estate Investment Trust BTBIF 64 Gross Margin % is 55.63% as of Mar. 2026, which is 1% below its 10-year median of 56.24. GuruFocus rates BTBIF with a GF Score™ of 64/100 and a GF Value™ of $2.42 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 680 REITs companies, BTB Real Estate Investment Trust ranks worse than 76.47% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. BTB Real Estate Investment Trust's Gross Profit for the three months ended in Mar. 2026 was $12.96 Mil. BTB Real Estate Investment Trust's Revenue for the three months ended in Mar. 2026 was $23.29 Mil. Therefore, BTB Real Estate Investment Trust's Gross Margin % for the quarter that ended in Mar. 2026 was 55.63%.


The historical rank and industry rank for BTB Real Estate Investment Trust's Gross Margin % or its related term are showing as below:

BTBIF' s Gross Margin % Range Over the Past 10 Years
Min: 53.12   Med: 56.24   Max: 58.97
Current: 57.18


During the past 13 years, the highest Gross Margin % of BTB Real Estate Investment Trust was 58.97%. The lowest was 53.12%. And the median was 56.24%.

BTBIF's Gross Margin % is ranked worse than
76.47% of 680 companies
in the REITs industry
Industry Median: 69.61 vs BTBIF: 57.18

BTB Real Estate Investment Trust had a gross margin of 55.63% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for BTB Real Estate Investment Trust was 0.90% per year.


BTB Real Estate Investment Trust  (OTCPK:BTBIF) 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

BTB Real Estate Investment Trust had a gross margin of 55.63% for the quarter that ended in Mar. 2026 => 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.


BTB Real Estate Investment Trust Gross Margin % Related Terms


BTB Real Estate Investment Trust Gross Margin % Historical Data

* Premium members only.

The historical data trend for BTB Real Estate Investment Trust'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.

BTB Real Estate Investment Trust Gross Margin % Chart

BTB Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.14 58.94 58.97 57.72 57.67

BTB Real Estate Investment Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 57.60 56.14 60.42 56.40 55.63

BTBIF vs BXP, ARE, VNO: Gross Margin % Comparison

For the REIT - Office subindustry, BTB Real Estate Investment Trust'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.


BTB Real Estate Investment Trust Gross Margin % vs REITs Industry

For the REITs industry and Real Estate sector, BTB Real Estate Investment Trust's Gross Margin % distribution charts can be found below:

* The bar in red indicates where BTB Real Estate Investment Trust's Gross Margin % falls into.


BTBIF
64GF Score
BTB Real Estate Investment Trust BTBIF
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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BTB Real Estate Investment Trust Gross Margin % Calculation

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

BTB Real Estate Investment Trust'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 )
=54.4 / 94.338
=(Revenue - Cost of Goods Sold) / Revenue
=(94.338 - 39.931) / 94.338
=57.67 %

BTB Real Estate Investment Trust's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=13 / 23.294
=(Revenue - Cost of Goods Sold) / Revenue
=(23.294 - 10.336) / 23.294
=55.63 %

* 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 55.63% mean?
BTB Real Estate Investment Trust (BTBIF) has a Gross Margin % of 55.63% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on BTB Real Estate Investment Trust and its competitors. This is near median its historical median of 56.24. Over the past decade, BTB Real Estate Investment Trust's Gross Margin % has ranged from 53.12 to 58.97. According to the industry distribution chart, BTB Real Estate Investment Trust ranks #520 out of 680 companies in the REITs industry, placing it in the top 76.5%.
Is BTB Real Estate Investment Trust's Gross Margin % too high?
BTB Real Estate Investment Trust's current Gross Margin % of 55.63% is near median its 10-year median of 56.24. Over the past 10 years, this metric has ranged from a low of 53.12 to a high of 58.97. The REITs industry median Gross Margin % is 69.61. BTB Real Estate Investment Trust's value of 55.63% is 20.1% below this industry median. Based on the distribution chart, BTB Real Estate Investment Trust ranks #520 out of 680 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, BTB Real Estate Investment Trust has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BTB Real Estate Investment Trust's Gross Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, BTB Real Estate Investment Trust ranks #520 out of 680 companies for Gross Margin %. This places BTB Real Estate Investment Trust in the lower half of its industry. The industry median Gross Margin % is 69.61. BTB Real Estate Investment Trust's value of 55.63% is 20.1% below this benchmark. Historically, BTB Real Estate Investment Trust's own Gross Margin % has ranged from 53.12 to 58.97 over the past decade. While the company's 10-year median is 56.24 vs. the industry median of 69.61, BTB Real Estate Investment Trust 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 69.61, 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. BTB Real Estate Investment Trust's current Gross Margin % of 55.63% is 20.1% 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 BTB Real Estate Investment Trust 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. BTB Real Estate Investment Trust's current Gross Margin % is 55.63%, which is near median its own 10-year median of 56.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BTB Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, BTB Real Estate Investment Trust (BTBIF) is currently considered Modestly Overvalued. The stock's GF Value™ is $2.42, compared to a current price of $2.73 — trading 12.8% above its estimated fair value. The current Gross Margin % is 55.63%, which is near median its 10-year median of 56.24 and 20.1% below the REITs industry median of 69.61. BTB Real Estate Investment Trust's overall GF Score™ is 64/100 with 11 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 BTB Real Estate Investment Trust (BTBIF), the current Gross Margin % is 55.63% as of Mar. 2026. 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 BTB Real Estate Investment Trust (BTBIF) Overvalued in 2026?

Based on GuruFocus' analysis, BTB Real Estate Investment Trust stock appears to be overvalued. The current stock price of $2.73 is trading 12.8% above its estimated GF Value™ of $2.42. GuruFocus considers BTB Real Estate Investment Trust to be Modestly Overvalued.

Key valuation signals for BTBIF:

  • Gross Margin %: 55.63% (near median its 10-year median of 56.24)
  • GF Value™: $2.42 vs. price of $2.73 (12.8% above fair value)
  • GF Score™: 64/100 with 11 warning signs
  • Industry Position: 20.1% below the REITs median (#520 of 680)

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


BTB Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges BTB.UN:Canada
Address No. 1411, Crescent Street, Suite 300, Montreal, QC, CAN, H3G 2B3
BTB Real Estate Investment Trust is a real estate investment trust engaged in owning and managing properties across Canada. Its objective is to generate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders by acquiring properties with high occupancy rates and good tenant quality. The company has three operating segments; Industrial, Suburban office, and Necessity-based retail. Suburban office segment generates the majority of the revenue in the form of rental income.
64GF Score

Get the complete analysis for BTBIF

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

$2.73
Price
$2.42
GF Value