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.
Town Centre SecuritiesLSE:TOWN +4.35%64 Gross Margin % is 46.52% as of Dec. 2025, which is 13% below its 10-year median of 53.51. GuruFocus rates LSE:TOWN with a GF Score™ of 64/100 and a GF Value™ of £1.43 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 677 REITs companies, Town Centre Securities ranks worse than 88.04% on this metric.
LSE:TOWN's Gross Margin % is ranked worse than 88.04% of 677
companies
in the REITs industry
Industry Median: 69.79
vs LSE:TOWN: 44.24
Town Centre Securities had a gross margin of 46.52% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Town Centre Securities was -2.40% per year.
Town Centre Securities (LSE:TOWN) 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
Town Centre Securities had a gross margin of 46.52% 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.
Town Centre Securities Gross Margin % Related Terms
Town Centre Securities Gross Margin % Historical Data
* Premium members only.
The historical data trend for Town Centre Securities'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, Town Centre Securities'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.
Town Centre Securities Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Town Centre Securities's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Town Centre Securities'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.
Town Centre Securities (LSE:TOWN) has a Gross Margin % of 46.52% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Town Centre Securities and its competitors. This is 13% below median its historical median of 53.51. Over the past decade, Town Centre Securities' Gross Margin % has ranged from 44.24 to 70.83. According to the industry distribution chart, Town Centre Securities ranks #596 out of 677 companies in the REITs industry, placing it in the top 88%.
Is Town Centre Securities' Gross Margin % too high?
Town Centre Securities' current Gross Margin % of 46.52% is 13% below median its 10-year median of 53.51. Over the past 10 years, this metric has ranged from a low of 44.24 to a high of 70.83. The REITs industry median Gross Margin % is 69.79. Town Centre Securities' value of 46.52% is 33.3% below this industry median. Based on the distribution chart, Town Centre Securities ranks #596 out of 677 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Town Centre Securities has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Town Centre Securities' Gross Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Town Centre Securities ranks #596 out of 677 companies for Gross Margin %. This places Town Centre Securities in the lower half of its industry. The industry median Gross Margin % is 69.79. Town Centre Securities' value of 46.52% is 33.3% below this benchmark. Historically, Town Centre Securities' own Gross Margin % has ranged from 44.24 to 70.83 over the past decade. While the company's 10-year median is 53.51 vs. the industry median of 69.79, Town Centre Securities 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 69.79, based on 677 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. Town Centre Securities's current Gross Margin % of 46.52% is 33.3% 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 Town Centre Securities and its competitors. For the REITs industry, the median Gross Margin % is 69.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Town Centre Securities's current Gross Margin % is 46.52%, which is 13% below median its own 10-year median of 53.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Town Centre Securities stock overvalued right now?
Based on GuruFocus' analysis, Town Centre Securities (LSE:TOWN) is currently considered Modestly Undervalued. The stock's GF Value™ is £1.43, compared to a current price of £1.20 — trading 16.1% below its estimated fair value. The current Gross Margin % is 46.52%, which is 13% below median its 10-year median of 53.51 and 33.3% below the REITs industry median of 69.79. Town Centre Securities' overall GF Score™ is 64/100 with 7 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 Town Centre Securities (LSE:TOWN), the current Gross Margin % is 46.52% 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 Town Centre Securities (LSE:TOWN) Overvalued in 2026?
Based on GuruFocus' analysis, Town Centre Securities stock appears to be undervalued.
The current stock price of £1.20 is trading 16.1% below its estimated GF Value™ of £1.43.
GuruFocus considers Town Centre Securities to be Modestly Undervalued.
Key valuation signals for LSE:TOWN:
Gross Margin %: 46.52% (13% below median its 10-year median of 53.51)
GF Value™: £1.43 vs. price of £1.20 (16.1% below fair value)
Industry Position: 33.3% below the REITs median (#596 of 677)
No single metric tells the full story. See the LSE:TOWN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Town Centre Securities PLC is a United Kingdom-based company engaged in property investment, development, trading, and the provision of hotel and car parks. The company operates in four business segments comprising property rental, car park operations, hotel operations, and investments. Geographically their operations are performed wholly in the United Kingdom. It serves various sectors such as retail, leisure, office, car parking, distribution, and residential. The company's property portfolio includes Rochdale Retail Park, Marina Residential, Eider House, Brownsfield Mill, Carver's Warehouse, Retail Village, The Arena Quarter, and others. The company derives its revenue from the Property Rental segment.
64GF Score
Get the complete analysis for LSE:TOWN
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
LSE:TOWN has been successfully added to your 
