Vukile Property Fund (NAM:VKN) Gross Margin %: 67.74% (As of Mar. 2026) — Near Median


NAM:VKN Vukile Property Fund Ltd NAM:VKN
69 GF Score
Price N$24.90
GF Value N$21.20
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Vukile Property Fund Gross Margin %?

Vukile Property Fund NAM:VKN -1.74% 69 Gross Margin % is 67.74% as of Mar. 2026, which is 3% above its 10-year median of 65.47. GuruFocus rates NAM:VKN with a GF Score™ of 69/100 and a GF Value™ of N$21.20 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 681 REITs companies, Vukile Property Fund ranks worse than 56.98% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Vukile Property Fund's Gross Profit for the six months ended in Mar. 2026 was N$1,948 Mil. Vukile Property Fund's Revenue for the six months ended in Mar. 2026 was N$2,875 Mil. Therefore, Vukile Property Fund's Gross Margin % for the quarter that ended in Mar. 2026 was 67.74%.


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

NAM:VKN' s Gross Margin % Range Over the Past 10 Years
Min: 60.18   Med: 65.47   Max: 67.75
Current: 66.56


During the past 13 years, the highest Gross Margin % of Vukile Property Fund was 67.75%. The lowest was 60.18%. And the median was 65.47%.

NAM:VKN's Gross Margin % is ranked worse than
56.98% of 681 companies
in the REITs industry
Industry Median: 69.62 vs NAM:VKN: 66.56

Vukile Property Fund had a gross margin of 67.74% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Vukile Property Fund was 1.70% per year.


Vukile Property Fund  (NAM:VKN) 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

Vukile Property Fund had a gross margin of 67.74% 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.


Vukile Property Fund Gross Margin % Related Terms


Vukile Property Fund Gross Margin % Historical Data

* Premium members only.

The historical data trend for Vukile 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.

Vukile Property Fund Gross Margin % Chart

Vukile Property Fund Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.37 65.14 65.80 67.05 66.56

Vukile Property Fund Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 64.49 66.08 67.90 65.38 67.74

NAM:VKN vs SPG, O, KIM: Gross Margin % Comparison

For the REIT - Retail subindustry, Vukile 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.


Vukile Property Fund Gross Margin % vs REITs Industry

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

* The bar in red indicates where Vukile Property Fund's Gross Margin % falls into.


NAM:VKN
69GF Score
Vukile Property Fund Ltd NAM:VKN
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vukile Property Fund Gross Margin % Calculation

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

Vukile Property Fund's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=3818.6 / 5736.719
=(Revenue - Cost of Goods Sold) / Revenue
=(5736.719 - 1918.154) / 5736.719
=66.56 %

Vukile Property Fund's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=1947.7 / 2875.259
=(Revenue - Cost of Goods Sold) / Revenue
=(2875.259 - 927.535) / 2875.259
=67.74 %

* 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 67.74% mean?
Vukile Property Fund (NAM:VKN) has a Gross Margin % of 67.74% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Vukile Property Fund and its competitors. This is near median its historical median of 65.47. Over the past decade, Vukile Property Fund's Gross Margin % has ranged from 60.18 to 67.75. According to the industry distribution chart, Vukile Property Fund ranks #388 out of 681 companies in the REITs industry, placing it in the top 57%.
Is Vukile Property Fund's Gross Margin % too high?
Vukile Property Fund's current Gross Margin % of 67.74% is near median its 10-year median of 65.47. Over the past 10 years, this metric has ranged from a low of 60.18 to a high of 67.75. The REITs industry median Gross Margin % is 69.62. Vukile Property Fund's value of 67.74% is 2.7% below this industry median. Based on the distribution chart, Vukile Property Fund ranks #388 out of 681 companies in the REITs industry, which is below the industry midpoint. Overall, Vukile Property Fund has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vukile Property Fund's Gross Margin % compare to SPG and O?
According to the REITs industry distribution chart, Vukile Property Fund ranks #388 out of 681 companies for Gross Margin %. This places Vukile Property Fund in the lower half of its industry. The industry median Gross Margin % is 69.62. Vukile Property Fund's value of 67.74% is 2.7% below this benchmark. Historically, Vukile Property Fund's own Gross Margin % has ranged from 60.18 to 67.75 over the past decade. While the company's 10-year median is 65.47 vs. the industry median of 69.62, Vukile 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 69.62, 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. Vukile Property Fund's current Gross Margin % of 67.74% is 2.7% 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 Vukile Property Fund 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. Vukile Property Fund's current Gross Margin % is 67.74%, which is near median its own 10-year median of 65.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vukile Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Vukile Property Fund (NAM:VKN) is currently considered Modestly Overvalued. The stock's GF Value™ is N$21.20, compared to a current price of N$24.90 — trading 17.5% above its estimated fair value. The current Gross Margin % is 67.74%, which is near median its 10-year median of 65.47 and 2.7% below the REITs industry median of 69.62. Vukile Property Fund's overall GF Score™ is 69/100 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 Vukile Property Fund (NAM:VKN), the current Gross Margin % is 67.74% 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 Vukile Property Fund (NAM:VKN) Overvalued in 2026?

Based on GuruFocus' analysis, Vukile Property Fund stock appears to be overvalued. The current stock price of N$24.90 is trading 17.5% above its estimated GF Value™ of N$21.20. GuruFocus considers Vukile Property Fund to be Modestly Overvalued.

Key valuation signals for NAM:VKN:

  • Gross Margin %: 67.74% (near median its 10-year median of 65.47)
  • GF Value™: N$21.20 vs. price of N$24.90 (17.5% above fair value)
  • GF Score™: 69/100 with 7 warning signs
  • Industry Position: 2.7% below the REITs median (#388 of 681)

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


Vukile Property Fund Business Description

Industry Real EstateREITs
Other Exchanges VKE:South Africa
Address 11 Ninth Street, 4th Floor, Houghton Estate, Johannesburg, GT, ZAF, 2198
Vukile Property Fund Ltd is a real estate company that owns property throughout South Africa. The company derives its revenue predominantly from property leases. Retail properties, particularly shopping malls, represent more than half of Vukile's property portfolio. Offices, industrial buildings, and sovereign properties are also its portfolio constituents. The majority of the company's tenants are large, listed national companies and franchises, with the remainder comprising government and midsize to large professional firms. The company's geographical segment includes South Africa and the Iberian Peninsula, which is further disaggregated into Spain and Portugal.
69GF Score

Get the complete analysis for NAM:VKN

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

N$24.90
Price
N$21.20
GF Value