Land Securities Group (FRA:LSU2) Gross Margin %: 56.44% (As of Mar. 2026) — 19% Below Median


FRA:LSU2 Land Securities Group PLC FRA:LSU2
62 GF Score
Price €7.56
GF Value €7.10
Valuation Fairly Valued
! 6 Warning Signs
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What is Land Securities Group Gross Margin %?

Land Securities Group FRA:LSU2 -2.14% 62 Gross Margin % is 56.44% as of Mar. 2026, which is 19% below its 10-year median of 69.76. GuruFocus rates FRA:LSU2 with a GF Score™ of 62/100 and a GF Value™ of €7.10 (Fairly Valued). The stock has 6 warning signs investors should review. Among 680 REITs companies, Land Securities Group ranks worse than 75.74% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Land Securities Group's Gross Profit for the six months ended in Mar. 2026 was €293 Mil. Land Securities Group's Revenue for the six months ended in Mar. 2026 was €519 Mil. Therefore, Land Securities Group's Gross Margin % for the quarter that ended in Mar. 2026 was 56.44%.

Warning Sign:

Land Securities Group PLC gross margin has been in long-term decline. The average rate of decline per year is -5.4%.


The historical rank and industry rank for Land Securities Group's Gross Margin % or its related term are showing as below:

FRA:LSU2' s Gross Margin % Range Over the Past 10 Years
Min: 57.47   Med: 69.76   Max: 78.27
Current: 57.47


During the past 13 years, the highest Gross Margin % of Land Securities Group was 78.27%. The lowest was 57.47%. And the median was 69.76%.

FRA:LSU2's Gross Margin % is ranked worse than
75.74% of 680 companies
in the REITs industry
Industry Median: 69.705 vs FRA:LSU2: 57.47

Land Securities Group had a gross margin of 56.44% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Land Securities Group was -5.40% per year.


Land Securities Group  (FRA:LSU2) 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

Land Securities Group had a gross margin of 56.44% 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.


Land Securities Group Gross Margin % Related Terms


Land Securities Group Gross Margin % Historical Data

* Premium members only.

The historical data trend for Land Securities Group'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.

Land Securities Group Gross Margin % Chart

Land Securities Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.19 65.61 60.68 61.30 57.47

Land Securities Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 57.52 61.88 60.80 58.57 56.44

FRA:LSU2 vs VICI, WPC: Gross Margin % Comparison

For the REIT - Diversified subindustry, Land Securities Group'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.


Land Securities Group Gross Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Land Securities Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Land Securities Group's Gross Margin % falls into.


FRA:LSU2
62GF Score
Land Securities Group PLC FRA:LSU2
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Land Securities Group Gross Margin % Calculation

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

Land Securities Group's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=576.7 / 1003.4
=(Revenue - Cost of Goods Sold) / Revenue
=(1003.4 - 426.733) / 1003.4
=57.47 %

Land Securities Group'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 )
=292.9 / 519
=(Revenue - Cost of Goods Sold) / Revenue
=(519 - 226.053) / 519
=56.44 %

* 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 56.44% mean?
Land Securities Group (FRA:LSU2) has a Gross Margin % of 56.44% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Land Securities Group and its competitors. This is 19% below median its historical median of 69.76. Over the past decade, Land Securities Group's Gross Margin % has ranged from 57.47 to 78.27. According to the industry distribution chart, Land Securities Group ranks #515 out of 680 companies in the REITs industry, placing it in the top 75.7%.
Is Land Securities Group's Gross Margin % too high?
Land Securities Group's current Gross Margin % of 56.44% is 19% below median its 10-year median of 69.76. Over the past 10 years, this metric has ranged from a low of 57.47 to a high of 78.27. The REITs industry median Gross Margin % is 69.71. Land Securities Group's value of 56.44% is 19% below this industry median. Based on the distribution chart, Land Securities Group ranks #515 out of 680 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Land Securities Group has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Land Securities Group's Gross Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Land Securities Group ranks #515 out of 680 companies for Gross Margin %. This places Land Securities Group in the lower half of its industry. The industry median Gross Margin % is 69.71. Land Securities Group's value of 56.44% is 19% below this benchmark. Historically, Land Securities Group's own Gross Margin % has ranged from 57.47 to 78.27 over the past decade. While the company's 10-year median is 69.76 vs. the industry median of 69.71, Land Securities Group 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 69.71, 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. Land Securities Group's current Gross Margin % of 56.44% is 19% 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 Land Securities Group 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. Land Securities Group's current Gross Margin % is 56.44%, which is 19% below median its own 10-year median of 69.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Land Securities Group stock overvalued right now?
Based on GuruFocus' analysis, Land Securities Group (FRA:LSU2) is currently considered Fairly Valued. The stock's GF Value™ is €7.10, compared to a current price of €7.56 — trading 6.5% above its estimated fair value. The current Gross Margin % is 56.44%, which is 19% below median its 10-year median of 69.76 and 19% below the REITs industry median of 69.71. Land Securities Group's overall GF Score™ is 62/100 with 6 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 Land Securities Group (FRA:LSU2), the current Gross Margin % is 56.44% 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 Land Securities Group (FRA:LSU2) Overvalued in 2026?

Based on GuruFocus' analysis, Land Securities Group stock appears to be overvalued. The current stock price of €7.56 is trading 6.5% above its estimated GF Value™ of €7.10. GuruFocus considers Land Securities Group to be Fairly Valued.

Key valuation signals for FRA:LSU2:

  • Gross Margin %: 56.44% (19% below median its 10-year median of 69.76)
  • GF Value™: €7.10 vs. price of €7.56 (6.5% above fair value)
  • GF Score™: 62/100 with 6 warning signs
  • Industry Position: 19% below the REITs median (#515 of 680)

No single metric tells the full story. See the FRA:LSU2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Land Securities Group Business Description

Industry Real EstateREITs
Address 100 Victoria Street, London, GBR, SW1E 5JL
Land Securities Group PLC is a real estate investment trust engaged in buying, selling, developing, and managing commercial property in the United Kingdom. The company's real estate portfolio is made up of office, retail, and leisure spaces in the London and Greater London regions. Office locations in London's West End, offices in the City of London, and shopping centers comprise the majority of the value of Land Securities' total assets. The company derives nearly all of its revenue in the form of rental income from medium- to long-term leases with tenants. Land Securities' overall net rental income is fairly evenly split between revenue from its London office properties and its retail properties in Greater London. It segments as Office-led, Retail-led, Residential-led and Other assets.
62GF Score

Get the complete analysis for FRA:LSU2

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

€7.56
Price
€7.10
GF Value