Mori Hills Reit Investment (TSE:3234) Gross Margin %: 67.20% (As of Jan. 2026) — Near 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.

TSE:3234 Mori Hills Reit Investment Corp TSE:3234
64 GF Score
Price 円131,800.00
GF Value 円142,591.00
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Mori Hills Reit Investment Gross Margin %?

Mori Hills Reit Investment TSE:3234 +0.53% 64 Gross Margin % is 67.20% as of Jan. 2026, which is 0% below its 10-year median of 67.32. GuruFocus rates TSE:3234 with a GF Score™ of 64/100 and a GF Value™ of 円142,591.00 (Fairly Valued). The stock has 3 warning signs investors should review. Among 678 REITs companies, Mori Hills Reit Investment ranks worse than 55.31% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Mori Hills Reit Investment's Gross Profit for the six months ended in Jan. 2026 was 円7,648 Mil. Mori Hills Reit Investment's Revenue for the six months ended in Jan. 2026 was 円11,381 Mil. Therefore, Mori Hills Reit Investment's Gross Margin % for the quarter that ended in Jan. 2026 was 67.20%.


The historical rank and industry rank for Mori Hills Reit Investment's Gross Margin % or its related term are showing as below:

TSE:3234' s Gross Margin % Range Over the Past 10 Years
Min: 65.75   Med: 67.32   Max: 71.26
Current: 67.27


During the past 13 years, the highest Gross Margin % of Mori Hills Reit Investment was 71.26%. The lowest was 65.75%. And the median was 67.32%.

TSE:3234's Gross Margin % is ranked worse than
55.31% of 678 companies
in the REITs industry
Industry Median: 69.925 vs TSE:3234: 67.27

Mori Hills Reit Investment had a gross margin of 67.20% for the quarter that ended in Jan. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Mori Hills Reit Investment was 0.50% per year.


Mori Hills Reit Investment  (TSE:3234) 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

Mori Hills Reit Investment had a gross margin of 67.20% for the quarter that ended in Jan. 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.


Mori Hills Reit Investment Gross Margin % Related Terms


Mori Hills Reit Investment Gross Margin % Historical Data

* Premium members only.

The historical data trend for Mori Hills Reit Investment'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.

Mori Hills Reit Investment Gross Margin % Chart

Mori Hills Reit Investment Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.22 67.41 68.82 67.86 67.55

Mori Hills Reit Investment Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 67.53 68.18 67.77 67.34 67.20

TSE:3234 vs VICI, WPC: Gross Margin % Comparison

For the REIT - Diversified subindustry, Mori Hills Reit Investment'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.


Mori Hills Reit Investment Gross Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Mori Hills Reit Investment's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Mori Hills Reit Investment's Gross Margin % falls into.


TSE:3234
64GF Score
Mori Hills Reit Investment Corp TSE:3234
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mori Hills Reit Investment Gross Margin % Calculation

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

Mori Hills Reit Investment's Gross Margin for the fiscal year that ended in Jul. 2025 is calculated as

Gross Margin % (A: Jul. 2025 )=Gross Profit (A: Jul. 2025 ) / Revenue (A: Jul. 2025 )
=15072.4 / 22311.898
=(Revenue - Cost of Goods Sold) / Revenue
=(22311.898 - 7239.522) / 22311.898
=67.55 %

Mori Hills Reit Investment's Gross Margin for the quarter that ended in Jan. 2026 is calculated as


Gross Margin % (Q: Jan. 2026 )=Gross Profit (Q: Jan. 2026 ) / Revenue (Q: Jan. 2026 )
=7648.1 / 11381.328
=(Revenue - Cost of Goods Sold) / Revenue
=(11381.328 - 3733.257) / 11381.328
=67.20 %

* 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 67.20% mean?
Mori Hills Reit Investment (TSE:3234) has a Gross Margin % of 67.20% as of Jan. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Mori Hills Reit Investment and its competitors. This is near median its historical median of 67.32. Over the past decade, Mori Hills Reit Investment's Gross Margin % has ranged from 65.75 to 71.26. According to the industry distribution chart, Mori Hills Reit Investment ranks #375 out of 678 companies in the REITs industry, placing it in the top 55.3%.
Is Mori Hills Reit Investment's Gross Margin % too high?
Mori Hills Reit Investment's current Gross Margin % of 67.20% is near median its 10-year median of 67.32. Over the past 10 years, this metric has ranged from a low of 65.75 to a high of 71.26. The REITs industry median Gross Margin % is 69.93. Mori Hills Reit Investment's value of 67.20% is 3.9% below this industry median. Based on the distribution chart, Mori Hills Reit Investment ranks #375 out of 678 companies in the REITs industry, which is below the industry midpoint. Overall, Mori Hills Reit Investment has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mori Hills Reit Investment's Gross Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Mori Hills Reit Investment ranks #375 out of 678 companies for Gross Margin %. This places Mori Hills Reit Investment in the lower half of its industry. The industry median Gross Margin % is 69.93. Mori Hills Reit Investment's value of 67.20% is 3.9% below this benchmark. Historically, Mori Hills Reit Investment's own Gross Margin % has ranged from 65.75 to 71.26 over the past decade. While the company's 10-year median is 67.32 vs. the industry median of 69.93, Mori Hills Reit Investment 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 69.93, based on 678 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. Mori Hills Reit Investment's current Gross Margin % of 67.20% is 3.9% 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 Mori Hills Reit Investment and its competitors. For the REITs industry, the median Gross Margin % is 69.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mori Hills Reit Investment's current Gross Margin % is 67.20%, which is near median its own 10-year median of 67.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mori Hills Reit Investment stock overvalued right now?
Based on GuruFocus' analysis, Mori Hills Reit Investment (TSE:3234) is currently considered Fairly Valued. The stock's GF Value™ is 円142,591.00, compared to a current price of 円131,800.00 — trading 7.6% below its estimated fair value. The current Gross Margin % is 67.20%, which is near median its 10-year median of 67.32 and 3.9% below the REITs industry median of 69.93. Mori Hills Reit Investment's overall GF Score™ is 64/100 with 3 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 Mori Hills Reit Investment (TSE:3234), the current Gross Margin % is 67.20% as of Jan. 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 Mori Hills Reit Investment (TSE:3234) Overvalued in 2026?

Based on GuruFocus' analysis, Mori Hills Reit Investment stock appears to be undervalued. The current stock price of 円131,800.00 is trading 7.6% below its estimated GF Value™ of 円142,591.00. GuruFocus considers Mori Hills Reit Investment to be Fairly Valued.

Key valuation signals for TSE:3234:

  • Gross Margin %: 67.20% (near median its 10-year median of 67.32)
  • GF Value™: 円142,591.00 vs. price of 円131,800.00 (7.6% below fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 3.9% below the REITs median (#375 of 678)

No single metric tells the full story. See the TSE:3234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mori Hills Reit Investment Business Description

Industry Real EstateREITs
Address 1-12-32 Akasaka, ARK Mori Building, Minato-ku, Tokyo, JPN, 107-6011
Mori Hills Reit Investment Corp is engaged in real estate investment, leasing, and management. The firm's primary objective is to secure steady growth in its portfolio and to maximize unitholders' value by making selective investments that mainly target areas and real estate properties. The company's real estate portfolio, as of the end of the twenty-first fiscal period, was comprised of ten properties. The company owns real estate office buildings and residential and retail properties available for lease in Tokyo.
64GF Score

Get the complete analysis for TSE:3234

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

円131,800.00
Price
円142,591.00
GF Value