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DEA (Easterly Government Properties) Gross Margin % : 66.96% (As of Sep. 2024)


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What is Easterly Government Properties Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Easterly Government Properties's Gross Profit for the three months ended in Sep. 2024 was $50.1 Mil. Easterly Government Properties's Revenue for the three months ended in Sep. 2024 was $74.8 Mil. Therefore, Easterly Government Properties's Gross Margin % for the quarter that ended in Sep. 2024 was 66.96%.

Warning Sign:

Easterly Government Properties Inc gross margin has been in long-term decline. The average rate of decline per year is -1.3%.


The historical rank and industry rank for Easterly Government Properties's Gross Margin % or its related term are showing as below:

DEA' s Gross Margin % Range Over the Past 10 Years
Min: 64.34   Med: 69.17   Max: 71.53
Current: 66.01


During the past 12 years, the highest Gross Margin % of Easterly Government Properties was 71.53%. The lowest was 64.34%. And the median was 69.17%.

DEA's Gross Margin % is ranked worse than
56.46% of 689 companies
in the REITs industry
Industry Median: 68.88 vs DEA: 66.01

Easterly Government Properties had a gross margin of 66.96% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Easterly Government Properties was -1.30% per year.


Easterly Government Properties Gross Margin % Historical Data

The historical data trend for Easterly Government Properties'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.

* Premium members only.

Easterly Government Properties Gross Margin % Chart

Easterly Government Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 67.56 69.17 68.30 66.73 64.34

Easterly Government Properties Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 63.12 65.21 65.91 65.94 66.96

Competitive Comparison of Easterly Government Properties's Gross Margin %

For the REIT - Office subindustry, Easterly Government Properties'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.


Easterly Government Properties's Gross Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Easterly Government Properties's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Easterly Government Properties's Gross Margin % falls into.



Easterly Government Properties Gross Margin % Calculation

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

Easterly Government Properties's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=184.8 / 287.227
=(Revenue - Cost of Goods Sold) / Revenue
=(287.227 - 102.425) / 287.227
=64.34 %

Easterly Government Properties's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=50.1 / 74.781
=(Revenue - Cost of Goods Sold) / Revenue
=(74.781 - 24.71) / 74.781
=66.96 %

* 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.


Easterly Government Properties  (NYSE:DEA) 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

Easterly Government Properties had a gross margin of 66.96% for the quarter that ended in Sep. 2024 => 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.


Easterly Government Properties Gross Margin % Related Terms

Thank you for viewing the detailed overview of Easterly Government Properties's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Easterly Government Properties Business Description

Traded in Other Exchanges
Address
2001 K Street NW, Suite 775, Washington, DC, USA, 20006
Easterly Government Properties Inc is a real estate investment trust. It is engaged in the acquisition, development, and management of Class A commercial properties that are leased to U.S. government agencies. The company generates all its revenue by leasing its properties to such agencies.
Executives
Darrell W Crate director, officer: Chairman 138 CONANT STREET, BEVERLY MA 01915
John Stuart Burns officer: EVP, Government Relations EASTERLY GOVERNMENT PROPERTIES, INC., 2001 K STREET NW, SUITE 775 NORTH, WASHINGTON DC 20006
Franklin V. Logan officer: EVP, GC & Secretary EASTERLY GOVERNMENT PROPERTIES, INC., 2001 K STREET NW, SUITE 775 NORTH, WASHINGTON DC 20006
William C. Trimble director, officer: CEO and President EASTERLY GOVERNMENT PROPERTIES, INC., 2101 L STREET NW, SUITE 750, WASHINGTON DC 20037
Allison E. Marino officer: SVP & CAO C/O EASTERLY GOVERNMENT PROPERTIES, INC., 2001 K STREET NW, SUITE 775 NORTH, WASHINGTON DC 20006
Alison M. Bernard officer: EVP & CAO EASTERLY GOVERNMENT PROPERTIES, INC., 2101 L STREET NW, SUITE 750, WASHINGTON DC 20037
Scott D. Freeman director C/O EASTERLY GOVERNMENT PROPERTIES, INC., 2101 L STREET NW, SUITE 650, WASHINGTON DC 20037
James E Mead director C/O STRATEGIC HOTEL CAPITAL, INC., 77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Tara S. Innes director C/O EASTERLY GOVERNMENT PROPERTIES, INC., 2101 L STREET NW, SUITE 650, WASHINGTON DC 20037
Ronald E. Kendall officer: EVP - Government Relations C/O EASTERLY GOVERNMENT PROPERTIES, 2101 L STREET NW, SUITE 750, WASHINGTON DC 20037
Meghan G. Baivier officer: EVP, CFO & COO C/O EASTERLY GOVERNMENT PROPERTIES, INC., 2101 L STREET NW, SUITE 750, WASHINGTON DC 20037
Cynthia A Fisher director 186 PARK STREET, NEWTON MA 02458
Henry Emil W Jr director C/O GLEACHER & CO INC, 660 MADISON AVE 19TH FLOOR, NEW YORK NY 10021
William H Binnie director
Usgp Ii Investor, Lp 10 percent owner 2101 L STREET, NW, SUITE 750, WASHINGTON DC 20037