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TSXV:SURF.UN's Gross Margin % is ranked worse than 85.61% of 667
companies
in the REITs industry
Industry Median: 69.62
vs TSXV:SURF.UN: 48.38
Starlight US Residential Fund (Multi-Family) Investment LP had a gross margin of 54.84% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.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
Starlight US Residential Fund (Multi-Family) Investment LP had a gross margin of 54.84% 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.
Starlight US Residential Fund (Multi-Family) Investment LP Gross Margin % Related Terms
Starlight US Residential Fund (Multi-Family) Investment LP Gross Margin % Historical Data
* 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.
Starlight US Residential Fund (Multi-Family) Investment LP Gross Margin % Chart
Starlight US Residential Fund (Multi-Family) Investment LP Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Gross Margin %
65.12
56.76
53.44
57.76
49.27
Starlight US Residential Fund (Multi-Family) Investment LP Quarterly Data
* 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.
Starlight US Residential Fund (Multi-Family) Investment LP Gross Margin % vs REITs Industry
* 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.
Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) has a Gross Margin % of 54.84% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Starlight US Residential Fund (Multi-Family) Investment LP and its competitors. This is near median its historical median of 56.76. Over the past decade, Starlight US Residential Fund (Multi-Family) Investment LP's Gross Margin % has ranged from 48.38 to 65.12. According to the industry distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #571 out of 667 companies in the REITs industry, placing it in the top 85.6%.
Is Starlight US Residential Fund (Multi-Family) Investment LP's Gross Margin % too high?
Starlight US Residential Fund (Multi-Family) Investment LP's current Gross Margin % of 54.84% is near median its 10-year median of 56.76. Over the past 10 years, this metric has ranged from a low of 48.38 to a high of 65.12. The REITs industry median Gross Margin % is 69.62. Starlight US Residential Fund (Multi-Family) Investment LP's value of 54.84% is 21.2% below this industry median. Based on the distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #571 out of 667 companies in the REITs industry, which is in the bottom quartile relative to peers.
How does Starlight US Residential Fund (Multi-Family) Investment LP's Gross Margin % compare to AVB and EQR?
According to the REITs industry distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #571 out of 667 companies for Gross Margin %. This places Starlight US Residential Fund (Multi-Family) Investment LP in the lower half of its industry. The industry median Gross Margin % is 69.62. Starlight US Residential Fund (Multi-Family) Investment LP's value of 54.84% is 21.2% below this benchmark. Historically, Starlight US Residential Fund (Multi-Family) Investment LP's own Gross Margin % has ranged from 48.38 to 65.12 over the past decade. While the company's 10-year median is 56.76 vs. the industry median of 69.62, Starlight US Residential Fund (Multi-Family) Investment LP 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 667 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. Starlight US Residential Fund (Multi-Family) Investment LP's current Gross Margin % of 54.84% is 21.2% 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 Starlight US Residential Fund (Multi-Family) Investment LP 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. Starlight US Residential Fund (Multi-Family) Investment LP's current Gross Margin % is 54.84%, which is near median its own 10-year median of 56.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starlight US Residential Fund (Multi-Family) Investment LP stock overvalued right now?
Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) has a current Gross Margin % of 54.84%. The current Gross Margin % is 54.84%, which is near median its 10-year median of 56.76 and 21.2% below the REITs industry median of 69.62. 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 Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN), the current Gross Margin % is 54.84% 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.
Starlight US Residential Fund (Multi-Family) Investment LP is a "closed-end" trust. It operates as a real estate investment and asset management company that acquires, owns, and operates a portfolio of multifamily properties and single-family rental homes. The company evaluates properties based on pricing and local supply-and-demand conditions in relation to the fund's stated performance targets. Its portfolio includes properties located in Arizona, Florida, and North Carolina.
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