Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Spring Real Estate Investment Trust (HKSE:01426) 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
Spring Real Estate Investment Trust had a gross margin of 58.34% 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.
Spring Real Estate Investment Trust Gross Margin % Related Terms
Spring Real Estate Investment Trust 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.
Spring Real Estate Investment Trust Gross Margin % Chart
HKSE:01426 vs VICI, WPC, BNL: Gross Margin % Comparison
For the REIT - Diversified subindustry, Spring 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.
Spring Real Estate Investment Trust 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.
Spring Real Estate Investment Trust (HKSE:01426) has a Gross Margin % of 58.34% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Spring Real Estate Investment Trust and its competitors. This is 10% below median its historical median of 64.69. Over the past decade, Spring Real Estate Investment Trust's Gross Margin % has ranged from 61.38 to 66.23. According to the industry distribution chart, Spring Real Estate Investment Trust ranks #450 out of 670 companies in the REITs industry, placing it in the top 67.2%.
Is Spring Real Estate Investment Trust's Gross Margin % too high?
Spring Real Estate Investment Trust's current Gross Margin % of 58.34% is 10% below median its 10-year median of 64.69. Over the past 10 years, this metric has ranged from a low of 61.38 to a high of 66.23. The REITs industry median Gross Margin % is 69.80. Spring Real Estate Investment Trust's value of 58.34% is 16.4% below this industry median. Based on the distribution chart, Spring Real Estate Investment Trust ranks #450 out of 670 companies in the REITs industry, which is below the industry midpoint. Overall, Spring Real Estate Investment Trust has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Spring Real Estate Investment Trust's Gross Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Spring Real Estate Investment Trust ranks #450 out of 670 companies for Gross Margin %. This places Spring Real Estate Investment Trust in the lower half of its industry. The industry median Gross Margin % is 69.80. Spring Real Estate Investment Trust's value of 58.34% is 16.4% below this benchmark. Historically, Spring Real Estate Investment Trust's own Gross Margin % has ranged from 61.38 to 66.23 over the past decade. While the company's 10-year median is 64.69 vs. the industry median of 69.80, Spring 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 69.80, based on 670 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. Spring Real Estate Investment Trust's current Gross Margin % of 58.34% is 16.4% 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 Spring Real Estate Investment Trust and its competitors. For the REITs industry, the median Gross Margin % is 69.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spring Real Estate Investment Trust's current Gross Margin % is 58.34%, which is 10% below median its own 10-year median of 64.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spring Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Spring Real Estate Investment Trust (HKSE:01426) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.68, compared to a current price of HK$1.17 — trading 30.4% below its estimated fair value. The current Gross Margin % is 58.34%, which is 10% below median its 10-year median of 64.69 and 16.4% below the REITs industry median of 69.80. Spring Real Estate Investment Trust's overall GF Score™ is 62/100 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 Spring Real Estate Investment Trust (HKSE:01426), the current Gross Margin % is 58.34% 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 Spring Real Estate Investment Trust (HKSE:01426) Overvalued in 2026?
Based on GuruFocus' analysis, Spring Real Estate Investment Trust stock appears to be undervalued.
The current stock price of HK$1.17 is trading 30.4% below its estimated GF Value™ of HK$1.68.
GuruFocus considers Spring Real Estate Investment Trust to be Possible Value Trap.
Key valuation signals for HKSE:01426:
Gross Margin %: 58.34% (10% below median its 10-year median of 64.69)
GF Value™: HK$1.68 vs. price of HK$1.17 (30.4% below fair value)
Industry Position: 16.4% below the REITs median (#450 of 670)
No single metric tells the full story. See the HKSE:01426 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spring Real Estate Investment Trust is a real estate investment trust. The group holds investment properties in China and the United Kingdom and is principally engaged in property investment. The company generates revenue from three sources, namely, Rental income, Car park income, and other income. A majority of the company's revenue is produced by the Rental income segment.
62GF Score
Get the complete analysis for HKSE:01426
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:01426 has been successfully added to your 
