One REITTSE:3290 -1.20%55 Gross Margin % is 58.72% as of Feb. 2026, which is 5% above its 10-year median of 55.81. GuruFocus rates TSE:3290 with a GF Score™ of 55/100 and a GF Value™ of 円89,257.36 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 680 REITs companies, One REIT ranks worse than 70.29% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. One REIT's Gross Profit for the
six
months ended in Feb. 2026 was 円2,754 Mil. One REIT's Revenue for the
six
months ended in Feb. 2026 was 円4,690 Mil. Therefore, One REIT's Gross Margin % for the quarter that ended in Feb. 2026 was 58.72%.
Warning Sign:
One REIT Inc gross margin has been in long-term decline. The average rate of decline per year is -1.5%.
The historical rank and industry rank for One REIT's Gross Margin % or its related term are showing as below:
TSE:3290'
s Gross Margin % Range Over the Past 10 Years
Min: 49.01 Med: 55.81 Max: 63.14
Current: 60.3
During the past 11 years, the highestGross Margin % of One REIT was 63.14%. The lowest was 49.01%. And the median was 55.81%.
TSE:3290's Gross Margin % is ranked worse than 70.29% of 680
companies
in the REITs industry
Industry Median: 69.61
vs TSE:3290: 60.30
One REIT had a gross margin of 58.72% for the quarter that ended in Feb. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for One REIT was -1.50% per year.
One REIT (TSE:3290) 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
One REIT had a gross margin of 58.72% for the quarter that ended in Feb. 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.
One REIT Gross Margin % Related Terms
One REIT Gross Margin % Historical Data
* Premium members only.
The historical data trend for One 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.
TSE:3290 vs BXP, ARE, VNO: Gross Margin % Comparison
For the REIT - Office subindustry, One 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.
One REIT Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, One REIT's Gross Margin % distribution charts can be found below:
* The bar in red indicates where One 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.
One REIT (TSE:3290) has a Gross Margin % of 58.72% as of Feb. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on One REIT and its competitors. This is near median its historical median of 55.81. Over the past decade, One REIT's Gross Margin % has ranged from 49.01 to 63.14. According to the industry distribution chart, One REIT ranks #478 out of 680 companies in the REITs industry, placing it in the top 70.3%.
Is One REIT's Gross Margin % too high?
One REIT's current Gross Margin % of 58.72% is near median its 10-year median of 55.81. Over the past 10 years, this metric has ranged from a low of 49.01 to a high of 63.14. The REITs industry median Gross Margin % is 69.61. One REIT's value of 58.72% is 15.6% below this industry median. Based on the distribution chart, One REIT ranks #478 out of 680 companies in the REITs industry, which is below the industry midpoint. Overall, One REIT has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does One REIT's Gross Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, One REIT ranks #478 out of 680 companies for Gross Margin %. This places One REIT in the lower half of its industry. The industry median Gross Margin % is 69.61. One REIT's value of 58.72% is 15.6% below this benchmark. Historically, One REIT's own Gross Margin % has ranged from 49.01 to 63.14 over the past decade. While the company's 10-year median is 55.81 vs. the industry median of 69.61, One 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 69.61, 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. One REIT's current Gross Margin % of 58.72% is 15.6% 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 One REIT and its competitors. For the REITs industry, the median Gross Margin % is 69.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. One REIT's current Gross Margin % is 58.72%, which is near median its own 10-year median of 55.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is One REIT stock overvalued right now?
Based on GuruFocus' analysis, One REIT (TSE:3290) is currently considered Modestly Undervalued. The stock's GF Value™ is 円89,257.36, compared to a current price of 円74,000.00 — trading 17.1% below its estimated fair value. The current Gross Margin % is 58.72%, which is near median its 10-year median of 55.81 and 15.6% below the REITs industry median of 69.61. One REIT's overall GF Score™ is 55/100 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 One REIT (TSE:3290), the current Gross Margin % is 58.72% as of Feb. 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 One REIT (TSE:3290) Overvalued in 2026?
Based on GuruFocus' analysis, One REIT stock appears to be undervalued.
The current stock price of 円74,000.00 is trading 17.1% below its estimated GF Value™ of 円89,257.36.
GuruFocus considers One REIT to be Modestly Undervalued.
Key valuation signals for TSE:3290:
Gross Margin %: 58.72% (near median its 10-year median of 55.81)
GF Value™: 円89,257.36 vs. price of 円74,000.00 (17.1% below fair value)
Industry Position: 15.6% below the REITs median (#478 of 680)
No single metric tells the full story. See the TSE:3290 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
One REIT Inc operates as a real estate investment trust. The company invest in commercial real estate and office buildings in Japan. It operates in a single segment, which is real estate leasing.
55GF Score
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