Pine Trail REIT (TSXV:PINE.UN) Gross Margin % : 61.80% (As of Sep. 2024)

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What is Pine Trail REIT Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Pine Trail REIT's Gross Profit for the three months ended in Sep. 2024 was C$0.06 Mil. Pine Trail REIT's Revenue for the three months ended in Sep. 2024 was C$0.09 Mil. Therefore, Pine Trail REIT's Gross Margin % for the quarter that ended in Sep. 2024 was 61.80%.

Warning Sign:

Pine Trail REIT gross margin has been in long-term decline. The average rate of decline per year is -2.7%.

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

TSXV:PINE.UN' s Gross Margin % Range Over the Past 10 Years
Min: 62.22 Med: 70.04 Max: 73.77
Current: 62.22

During the past 7 years, the highest Gross Margin % of Pine Trail REIT was 73.77%. The lowest was 62.22%. And the median was 70.04%.

TSXV:PINE.UN's Gross Margin % is ranked worse than
63.95% of 688 companies
in the REITs industry
Industry Median: 68.895 vs TSXV:PINE.UN: 62.22

Pine Trail REIT had a gross margin of 61.80% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Pine Trail REIT was -2.70% per year.

Pine Trail REIT Gross Margin % Historical Data

The historical data trend for Pine Trail 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.

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Pine Trail REIT Gross Margin % Chart

Pine Trail REIT Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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70.81

70.83

69.27

67.92

62.97

Pine Trail REIT Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial															62.79	62.07	62.50	62.50	61.80

Competitive Comparison of Pine Trail REIT's Gross Margin %

For the REIT - Healthcare Facilities subindustry, Pine Trail 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.

Pine Trail REIT's Gross Margin % Distribution in the REITs Industry

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

* The bar in red indicates where Pine Trail REIT's Gross Margin % falls into.

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Pine Trail REIT Gross Margin % Calculation

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

Pine Trail REIT's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	0.2	/	0.37
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.37 - 0.137)	/	0.37
	=	62.97 %

Pine Trail REIT's Gross Margin for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )	=	Gross Profit (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0.1	/	0.089
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.089 - 0.034)	/	0.089
	=	61.80 %

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.

Pine Trail REIT (TSXV:PINE.UN) 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

Pine Trail REIT had a gross margin of 61.80% for the quarter that ended in Sep. 2024 => 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.

Pine Trail REIT Gross Margin % Related Terms

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Pine Trail REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Pine Trail REIT (TSXV:PINE.UN) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

161 Bay Street, 27th Floor, Toronto, ON, CAN, M5J 2S1

Website

https://www.pinereit.com

Pine Trail REIT owns and rents a medical office real estate property through its wholly owned subsidiaries. It has invested in a medical office building located in Picton, Ontario.

Pine Trail REIT Headlines

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