FRA:PWJ's Gross Margin % is ranked better than 74.85% of 680
companies
in the REITs industry
Industry Median: 69.61
vs FRA:PWJ: 83.75
Property For Industry had a gross margin of 83.94% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Property For Industry was -0.60% per year.
Property For Industry (FRA:PWJ) 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
Property For Industry had a gross margin of 83.94% 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.
Property For Industry Gross Margin % Related Terms
Property For Industry Gross Margin % Historical Data
* Premium members only.
The historical data trend for Property For Industry'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.
FRA:PWJ vs PLD, PSA, EXR: Gross Margin % Comparison
For the REIT - Industrial subindustry, Property For Industry'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.
Property For Industry Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Property For Industry's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Property For Industry's Gross Margin % falls into.
* 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.
Property For Industry (FRA:PWJ) has a Gross Margin % of 83.94% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Property For Industry and its competitors. This is near median its historical median of 84.42. Over the past decade, Property For Industry's Gross Margin % has ranged from 80.28 to 92.66. According to the industry distribution chart, Property For Industry ranks #171 out of 680 companies in the REITs industry, placing it in the top 25.1%.
Is Property For Industry's Gross Margin % too high?
Property For Industry's current Gross Margin % of 83.94% is near median its 10-year median of 84.42. Over the past 10 years, this metric has ranged from a low of 80.28 to a high of 92.66. The REITs industry median Gross Margin % is 69.61. Property For Industry's value of 83.94% is 20.6% above this industry median. Based on the distribution chart, Property For Industry ranks #171 out of 680 companies in the REITs industry, which is above the industry midpoint. Overall, Property For Industry has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Property For Industry's Gross Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, Property For Industry ranks #171 out of 680 companies for Gross Margin %. This puts Property For Industry in the upper half of its industry. The industry median Gross Margin % is 69.61. Property For Industry's value of 83.94% is 20.6% above this benchmark. Historically, Property For Industry's own Gross Margin % has ranged from 80.28 to 92.66 over the past decade. While the company's 10-year median is 84.42 vs. the industry median of 69.61, Property For Industry 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 69.61, 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. Property For Industry's current Gross Margin % of 83.94% is 20.6% 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 Property For Industry 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. Property For Industry's current Gross Margin % is 83.94%, which is near median its own 10-year median of 84.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Property For Industry stock overvalued right now?
Property For Industry (FRA:PWJ) has a current Gross Margin % of 83.94%. The stock's GF Value™ is €1.10, compared to a current price of €1.14 — trading 3.3% above its estimated fair value. The current Gross Margin % is 83.94%, which is near median its 10-year median of 84.42 and 20.6% above the REITs industry median of 69.61. Property For Industry's overall GF Score™ is 79/100 with 8 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 Property For Industry (FRA:PWJ), the current Gross Margin % is 83.94% 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.
Is Property For Industry (FRA:PWJ) Overvalued in 2026?
Based on GuruFocus' analysis, Property For Industry stock appears to be overvalued.
The current stock price of €1.14 is trading 3.3% above its estimated GF Value™ of €1.10.
Key valuation signals for FRA:PWJ:
Gross Margin %: 83.94% (near median its 10-year median of 84.42)
GF Value™: €1.10 vs. price of €1.14 (3.3% above fair value)
Industry Position: 20.6% above the REITs median (#171 of 680)
No single metric tells the full story. See the FRA:PWJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Property For Industry Ltd is a New Zealand-based industrial property investment company. The company's portfolio is predominantly composed of industrial properties. Its investment properties are solely located in New Zealand, with the majority in Auckland and the remaining in other New Zealand cities. Its tenants encompass large enterprises such as Fisher and Paykel Appliances, Fletcher Building Products, Brambles, and Cottonsoft, among others. Rental and management fee income represents nearly all of its operating revenue.
79GF 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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