Wereldhave Belgium (LTS:0N2C) Gross Margin %: 89.87% (As of Dec. 2025) — 13% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

LTS:0N2C Wereldhave Belgium LTS:0N2C
81 GF Score
Price €52.80
GF Value €53.32
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Wereldhave Belgium Gross Margin %?

Wereldhave Belgium LTS:0N2C -1.12% 81 Gross Margin % is 89.87% as of Dec. 2025, which is 13% above its 10-year median of 79.56. GuruFocus rates LTS:0N2C with a GF Score™ of 81/100 and a GF Value™ of €53.32 (Fairly Valued). The stock has 8 warning signs investors should review. Among 680 REITs companies, Wereldhave Belgium ranks better than 68.53% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Wereldhave Belgium's Gross Profit for the six months ended in Dec. 2025 was €44.06 Mil. Wereldhave Belgium's Revenue for the six months ended in Dec. 2025 was €49.03 Mil. Therefore, Wereldhave Belgium's Gross Margin % for the quarter that ended in Dec. 2025 was 89.87%.


The historical rank and industry rank for Wereldhave Belgium's Gross Margin % or its related term are showing as below:

LTS:0N2C' s Gross Margin % Range Over the Past 10 Years
Min: 77.54   Med: 79.56   Max: 84.29
Current: 79.41


During the past 13 years, the highest Gross Margin % of Wereldhave Belgium was 84.29%. The lowest was 77.54%. And the median was 79.56%.

LTS:0N2C's Gross Margin % is ranked better than
68.53% of 680 companies
in the REITs industry
Industry Median: 69.955 vs LTS:0N2C: 79.41

Wereldhave Belgium had a gross margin of 89.87% for the quarter that ended in Dec. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Wereldhave Belgium was -0.60% per year.


Wereldhave Belgium  (LTS:0N2C) 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

Wereldhave Belgium had a gross margin of 89.87% 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.


Wereldhave Belgium Gross Margin % Related Terms


Wereldhave Belgium Gross Margin % Historical Data

* Premium members only.

The historical data trend for Wereldhave Belgium'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.

Wereldhave Belgium Gross Margin % Chart

Wereldhave Belgium Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.48 82.48 77.73 81.08 79.40

Wereldhave Belgium Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 85.62 69.51 92.58 68.71 89.87

LTS:0N2C vs SPG, O, KIM: Gross Margin % Comparison

For the REIT - Retail subindustry, Wereldhave Belgium'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.


Wereldhave Belgium Gross Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Wereldhave Belgium's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Wereldhave Belgium's Gross Margin % falls into.


LTS:0N2C
81GF Score
Wereldhave Belgium LTS:0N2C
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wereldhave Belgium Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Wereldhave Belgium's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=77.1 / 97.036
=(Revenue - Cost of Goods Sold) / Revenue
=(97.036 - 19.985) / 97.036
=79.40 %

Wereldhave Belgium's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=44.1 / 49.029
=(Revenue - Cost of Goods Sold) / Revenue
=(49.029 - 4.965) / 49.029
=89.87 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 89.87% mean?
Wereldhave Belgium (LTS:0N2C) has a Gross Margin % of 89.87% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Wereldhave Belgium and its competitors. This is 13% above median its historical median of 79.56. Over the past decade, Wereldhave Belgium's Gross Margin % has ranged from 77.54 to 84.29. According to the industry distribution chart, Wereldhave Belgium ranks #214 out of 680 companies in the REITs industry, placing it in the top 31.5%.
Is Wereldhave Belgium's Gross Margin % too high?
Wereldhave Belgium's current Gross Margin % of 89.87% is 13% above median its 10-year median of 79.56. Over the past 10 years, this metric has ranged from a low of 77.54 to a high of 84.29. The REITs industry median Gross Margin % is 69.96. Wereldhave Belgium's value of 89.87% is 28.5% above this industry median. Based on the distribution chart, Wereldhave Belgium ranks #214 out of 680 companies in the REITs industry, which is above the industry midpoint. Overall, Wereldhave Belgium has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Wereldhave Belgium's Gross Margin % compare to SPG and O?
According to the REITs industry distribution chart, Wereldhave Belgium ranks #214 out of 680 companies for Gross Margin %. This puts Wereldhave Belgium in the upper half of its industry. The industry median Gross Margin % is 69.96. Wereldhave Belgium's value of 89.87% is 28.5% above this benchmark. Historically, Wereldhave Belgium's own Gross Margin % has ranged from 77.54 to 84.29 over the past decade. While the company's 10-year median is 79.56 vs. the industry median of 69.96, Wereldhave Belgium 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 69.96, 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. Wereldhave Belgium's current Gross Margin % of 89.87% is 28.5% 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 Wereldhave Belgium and its competitors. For the REITs industry, the median Gross Margin % is 69.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wereldhave Belgium's current Gross Margin % is 89.87%, which is 13% above median its own 10-year median of 79.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wereldhave Belgium stock overvalued right now?
Based on GuruFocus' analysis, Wereldhave Belgium (LTS:0N2C) is currently considered Fairly Valued. The stock's GF Value™ is €53.32, compared to a current price of €52.80 — trading 1% below its estimated fair value. The current Gross Margin % is 89.87%, which is 13% above median its 10-year median of 79.56 and 28.5% above the REITs industry median of 69.96. Wereldhave Belgium's overall GF Score™ is 81/100 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 Wereldhave Belgium (LTS:0N2C), the current Gross Margin % is 89.87% 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 Wereldhave Belgium (LTS:0N2C) Overvalued in 2026?

Based on GuruFocus' analysis, Wereldhave Belgium stock appears to be undervalued. The current stock price of €52.80 is trading 1% below its estimated GF Value™ of €53.32. GuruFocus considers Wereldhave Belgium to be Fairly Valued.

Key valuation signals for LTS:0N2C:

  • Gross Margin %: 89.87% (13% above median its 10-year median of 79.56)
  • GF Value™: €53.32 vs. price of €52.80 (1% below fair value)
  • GF Score™: 81/100 with 8 warning signs
  • Industry Position: 28.5% above the REITs median (#214 of 680)

No single metric tells the full story. See the LTS:0N2C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wereldhave Belgium Business Description

Industry Real EstateREITs
Other Exchanges WEHB:Belgium
Address Medialaan 30 bus 6, Vilvoorde, BEL, 1800
Wereldhave Belgium is a publicly-regulated real estate company with a focus on commercial property and operating in Belgium. Wereldhave Belgium targets shopping centers as new investments. Its operational shopping center portfolio includes locations in Liege, Nivelles, Tournai, Ghent, Genk, Waterloo, and Kortrijk. The company also owns office properties in Brussels, Vilvoorde, and Antwerp. The company's focus is to create value through both active management and redevelopment, with tactics that include maintaining contact with lessees to acquire up-to-date market information. The company has two segments: offices and retail.
81GF Score

Get the complete analysis for LTS:0N2C

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€52.80
Price
€53.32
GF Value