Exemplar REITailJSE:EXP 69 Gross Margin % is 64.89% as of Feb. 2026, which is 1% above its 10-year median of 64.31. GuruFocus rates JSE:EXP with a GF Score™ of 69/100 and a GF Value™ of R15.65 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 680 REITs companies, Exemplar REITail ranks worse than 61.47% on this metric.
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
Exemplar REITail had a gross margin of 64.89% for the quarter that ended in Feb. 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.
Exemplar REITail Gross Margin % Related Terms
Exemplar REITail Gross Margin % Historical Data
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The historical data trend for Exemplar REITail'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 - Retail subindustry, Exemplar REITail'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.
Exemplar REITail Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Exemplar REITail's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Exemplar REITail'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.
Exemplar REITail (JSE:EXP) has a Gross Margin % of 64.89% as of Feb. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Exemplar REITail and its competitors. This is near median its historical median of 64.31. Over the past decade, Exemplar REITail's Gross Margin % has ranged from 62.25 to 83.68. According to the industry distribution chart, Exemplar REITail ranks #418 out of 680 companies in the REITs industry, placing it in the top 61.5%.
Is Exemplar REITail's Gross Margin % too high?
Exemplar REITail's current Gross Margin % of 64.89% is near median its 10-year median of 64.31. Over the past 10 years, this metric has ranged from a low of 62.25 to a high of 83.68. The REITs industry median Gross Margin % is 69.71. Exemplar REITail's value of 64.89% is 6.9% below this industry median. Based on the distribution chart, Exemplar REITail ranks #418 out of 680 companies in the REITs industry, which is below the industry midpoint. Overall, Exemplar REITail has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Exemplar REITail's Gross Margin % compare to SPG and O?
According to the REITs industry distribution chart, Exemplar REITail ranks #418 out of 680 companies for Gross Margin %. This places Exemplar REITail in the lower half of its industry. The industry median Gross Margin % is 69.71. Exemplar REITail's value of 64.89% is 6.9% below this benchmark. Historically, Exemplar REITail's own Gross Margin % has ranged from 62.25 to 83.68 over the past decade. While the company's 10-year median is 64.31 vs. the industry median of 69.71, Exemplar REITail 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. Exemplar REITail's current Gross Margin % of 64.89% is 6.9% 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 Exemplar REITail 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. Exemplar REITail's current Gross Margin % is 64.89%, which is near median its own 10-year median of 64.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exemplar REITail stock overvalued right now?
Based on GuruFocus' analysis, Exemplar REITail (JSE:EXP) is currently considered Modestly Overvalued. The stock's GF Value™ is R15.65, compared to a current price of R18.00 — trading 15% above its estimated fair value. The current Gross Margin % is 64.89%, which is near median its 10-year median of 64.31 and 6.9% below the REITs industry median of 69.71. Exemplar REITail's overall GF Score™ is 69/100 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 Exemplar REITail (JSE:EXP), the current Gross Margin % is 64.89% as of Feb. 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 Exemplar REITail (JSE:EXP) Overvalued in 2026?
Based on GuruFocus' analysis, Exemplar REITail stock appears to be overvalued.
The current stock price of R18.00 is trading 15% above its estimated GF Value™ of R15.65.
GuruFocus considers Exemplar REITail to be Modestly Overvalued.
Key valuation signals for JSE:EXP:
Gross Margin %: 64.89% (near median its 10-year median of 64.31)
GF Value™: R15.65 vs. price of R18.00 (15% above fair value)
Industry Position: 6.9% below the REITs median (#418 of 680)
No single metric tells the full story. See the JSE:EXP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Exemplar REITail Ltd is a real estate investment trust which develops, owns and manages township and rural retail real estate. The company is the only fund in the country focused purely on retail in under-serviced areas that offers stakeholders investment opportunities. The company's retail segments based on geography consist of Gauteng, Mpumalanga, KwaZulu-Natal, Limpopo, Eastern and Western Cape.
69GF Score
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