Manulife US REITMNULF 29 Gross Margin % is 38.76% as of Dec. 2025, which is 35% below its 10-year median of 59.40. GuruFocus rates MNULF with a GF Score™ of 29/100 and a GF Value™ of $0.12. The stock has 7 warning signs investors should review. Among 681 REITs companies, Manulife US REIT ranks worse than 88.99% on this metric.
Manulife US REIT gross margin has been in long-term decline. The average rate of decline per year is -5.3%.
The historical rank and industry rank for Manulife US REIT's Gross Margin % or its related term are showing as below:
MNULF'
s Gross Margin % Range Over the Past 10 Years
Min: 42.27 Med: 59.4 Max: 63.4
Current: 42.27
During the past 13 years, the highestGross Margin % of Manulife US REIT was 63.40%. The lowest was 42.27%. And the median was 59.40%.
MNULF's Gross Margin % is ranked worse than 88.99% of 681
companies
in the REITs industry
Industry Median: 69.62
vs MNULF: 42.27
Manulife US REIT had a gross margin of 38.76% for the quarter that ended in Dec. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Manulife US REIT was -5.30% per year.
Manulife US REIT (OTCPK:MNULF) 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
Manulife US REIT had a gross margin of 38.76% for the quarter that ended in Dec. 2025 => Competition eroding margins
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.
Manulife US REIT Gross Margin % Related Terms
Manulife US REIT Gross Margin % Historical Data
* Premium members only.
The historical data trend for Manulife US REIT'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 - Office subindustry, Manulife US REIT'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.
Manulife US REIT Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Manulife US REIT's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Manulife US REIT'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.
Manulife US REIT (MNULF) has a Gross Margin % of 38.76% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Manulife US REIT and its competitors. This is 35% below median its historical median of 59.40. Over the past decade, Manulife US REIT's Gross Margin % has ranged from 42.27 to 63.40. According to the industry distribution chart, Manulife US REIT ranks #606 out of 681 companies in the REITs industry, placing it in the top 89%.
Is Manulife US REIT's Gross Margin % too high?
Manulife US REIT's current Gross Margin % of 38.76% is 35% below median its 10-year median of 59.40. Over the past 10 years, this metric has ranged from a low of 42.27 to a high of 63.40. The REITs industry median Gross Margin % is 69.62. Manulife US REIT's value of 38.76% is 44.3% below this industry median. Based on the distribution chart, Manulife US REIT ranks #606 out of 681 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Manulife US REIT has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Manulife US REIT's Gross Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Manulife US REIT ranks #606 out of 681 companies for Gross Margin %. This places Manulife US REIT in the lower half of its industry. The industry median Gross Margin % is 69.62. Manulife US REIT's value of 38.76% is 44.3% below this benchmark. Historically, Manulife US REIT's own Gross Margin % has ranged from 42.27 to 63.40 over the past decade. While the company's 10-year median is 59.40 vs. the industry median of 69.62, Manulife US REIT 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 69.62, based on 681 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. Manulife US REIT's current Gross Margin % of 38.76% is 44.3% 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 Manulife US REIT and its competitors. For the REITs industry, the median Gross Margin % is 69.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife US REIT's current Gross Margin % is 38.76%, which is 35% below median its own 10-year median of 59.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manulife US REIT stock overvalued right now?
Manulife US REIT (MNULF) has a current Gross Margin % of 38.76%. The stock's GF Value™ is $0.12, compared to a current price of $0.13 — trading 6.2% above its estimated fair value. The current Gross Margin % is 38.76%, which is 35% below median its 10-year median of 59.40 and 44.3% below the REITs industry median of 69.62. Manulife US REIT's overall GF Score™ is 29/100 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 Manulife US REIT (MNULF), the current Gross Margin % is 38.76% 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 Manulife US REIT (MNULF) Overvalued in 2026?
Based on GuruFocus' analysis, Manulife US REIT stock appears to be overvalued.
The current stock price of $0.13 is trading 6.2% above its estimated GF Value™ of $0.12.
Key valuation signals for MNULF:
Gross Margin %: 38.76% (35% below median its 10-year median of 59.40)
GF Value™: $0.12 vs. price of $0.13 (6.2% above fair value)
Industry Position: 44.3% below the REITs median (#606 of 681)
No single metric tells the full story. See the MNULF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manulife US REIT is a pure-play U.S. office REIT in Asia. The company along with its subsidiaries invests, directly or indirectly, in a portfolio of income-producing office real estate in markets in the U.S., as well as real estate-related assets. The Group's investment properties comprise commercial office properties. Some of its properties include Figueroa and Michelson in California along with Plaza and Exchange in New Jersey. Geographically, the majority is derived from the United States.
29GF Score
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