Emira Property FundJSE:EMI -1.14%59 Gross Margin % is 52.02% as of Mar. 2026, which is 5% below its 10-year median of 54.62. GuruFocus rates JSE:EMI with a GF Score™ of 59/100 and a GF Value™ of R8.66 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 680 REITs companies, Emira Property Fund ranks worse than 83.09% on this metric.
Emira Property Fund Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.4%.
The historical rank and industry rank for Emira Property Fund's Gross Margin % or its related term are showing as below:
JSE:EMI'
s Gross Margin % Range Over the Past 10 Years
Min: 50.33 Med: 54.62 Max: 64.51
Current: 51.76
During the past 13 years, the highestGross Margin % of Emira Property Fund was 64.51%. The lowest was 50.33%. And the median was 54.62%.
JSE:EMI's Gross Margin % is ranked worse than 83.09% of 680
companies
in the REITs industry
Industry Median: 69.61
vs JSE:EMI: 51.76
Emira Property Fund had a gross margin of 52.02% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Emira Property Fund was -1.40% per year.
Emira Property Fund (JSE:EMI) 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
Emira Property Fund had a gross margin of 52.02% 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.
Emira Property Fund Gross Margin % Related Terms
Emira Property Fund Gross Margin % Historical Data
* Premium members only.
The historical data trend for Emira Property Fund'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.
For the REIT - Diversified subindustry, Emira Property Fund'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.
Emira Property Fund Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Emira Property Fund's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Emira Property Fund'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.
Emira Property Fund (JSE:EMI) has a Gross Margin % of 52.02% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Emira Property Fund and its competitors. This is near median its historical median of 54.62. Over the past decade, Emira Property Fund's Gross Margin % has ranged from 50.33 to 64.51. According to the industry distribution chart, Emira Property Fund ranks #565 out of 680 companies in the REITs industry, placing it in the top 83.1%.
Is Emira Property Fund's Gross Margin % too high?
Emira Property Fund's current Gross Margin % of 52.02% is near median its 10-year median of 54.62. Over the past 10 years, this metric has ranged from a low of 50.33 to a high of 64.51. The REITs industry median Gross Margin % is 69.61. Emira Property Fund's value of 52.02% is 25.3% below this industry median. Based on the distribution chart, Emira Property Fund ranks #565 out of 680 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Emira Property Fund has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emira Property Fund's Gross Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Emira Property Fund ranks #565 out of 680 companies for Gross Margin %. This places Emira Property Fund in the lower half of its industry. The industry median Gross Margin % is 69.61. Emira Property Fund's value of 52.02% is 25.3% below this benchmark. Historically, Emira Property Fund's own Gross Margin % has ranged from 50.33 to 64.51 over the past decade. While the company's 10-year median is 54.62 vs. the industry median of 69.61, Emira Property Fund 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. Emira Property Fund's current Gross Margin % of 52.02% is 25.3% 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 Emira Property Fund 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. Emira Property Fund's current Gross Margin % is 52.02%, which is near median its own 10-year median of 54.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emira Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Emira Property Fund (JSE:EMI) is currently considered Significantly Overvalued. The stock's GF Value™ is R8.66, compared to a current price of R13.06 — trading 50.8% above its estimated fair value. The current Gross Margin % is 52.02%, which is near median its 10-year median of 54.62 and 25.3% below the REITs industry median of 69.61. Emira Property Fund's overall GF Score™ is 59/100 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 Emira Property Fund (JSE:EMI), the current Gross Margin % is 52.02% 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 Emira Property Fund (JSE:EMI) Overvalued in 2026?
Based on GuruFocus' analysis, Emira Property Fund stock appears to be overvalued.
The current stock price of R13.06 is trading 50.8% above its estimated GF Value™ of R8.66.
GuruFocus considers Emira Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:EMI:
Gross Margin %: 52.02% (near median its 10-year median of 54.62)
GF Value™: R8.66 vs. price of R13.06 (50.8% above fair value)
Industry Position: 25.3% below the REITs median (#565 of 680)
No single metric tells the full story. See the JSE:EMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential, and industrial properties. The majority of the properties are in Gauteng, with the others in the Western Cape and KwaZulu-Natal. The company operates through five segments, namely: Office; Retail; Industrial; Residential; and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties. The residential segment comprises directly held residential property, and the corporate segment comprises the South African administration activities of the Group.
59GF Score
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