Bulgarian Real Estate Fund REIT (XBUL:BREF) 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
Bulgarian Real Estate Fund REIT had a gross margin of 56.71% 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.
Bulgarian Real Estate Fund REIT Gross Margin % Related Terms
Bulgarian Real Estate Fund REIT 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.
Bulgarian Real Estate Fund REIT Gross Margin % Chart
For the REIT - Diversified subindustry, Bulgarian Real Estate Fund 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.
Bulgarian Real Estate Fund REIT Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Bulgarian Real Estate Fund REIT's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Bulgarian Real Estate Fund 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.
Bulgarian Real Estate Fund REIT (XBUL:BREF) has a Gross Margin % of 56.71% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Bulgarian Real Estate Fund REIT and its competitors. This is 29% below median its historical median of 80.24. Over the past decade, Bulgarian Real Estate Fund REIT's Gross Margin % has ranged from 24.92 to 89.74. According to the industry distribution chart, Bulgarian Real Estate Fund REIT ranks #653 out of 680 companies in the REITs industry, placing it in the top 96%.
Is Bulgarian Real Estate Fund REIT's Gross Margin % too high?
Bulgarian Real Estate Fund REIT's current Gross Margin % of 56.71% is 29% below median its 10-year median of 80.24. Over the past 10 years, this metric has ranged from a low of 24.92 to a high of 89.74. The REITs industry median Gross Margin % is 69.71. Bulgarian Real Estate Fund REIT's value of 56.71% is 18.6% below this industry median. Based on the distribution chart, Bulgarian Real Estate Fund REIT ranks #653 out of 680 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Bulgarian Real Estate Fund REIT has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Real Estate Fund REIT's Gross Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Bulgarian Real Estate Fund REIT ranks #653 out of 680 companies for Gross Margin %. This places Bulgarian Real Estate Fund REIT in the lower half of its industry. The industry median Gross Margin % is 69.71. Bulgarian Real Estate Fund REIT's value of 56.71% is 18.6% below this benchmark. Historically, Bulgarian Real Estate Fund REIT's own Gross Margin % has ranged from 24.92 to 89.74 over the past decade. While the company's 10-year median is 80.24 vs. the industry median of 69.71, Bulgarian Real Estate Fund 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 69.71, 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. Bulgarian Real Estate Fund REIT's current Gross Margin % of 56.71% is 18.6% 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 Bulgarian Real Estate Fund REIT and its competitors. For the REITs industry, the median Gross Margin % is 69.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Real Estate Fund REIT's current Gross Margin % is 56.71%, which is 29% below median its own 10-year median of 80.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian Real Estate Fund REIT stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT (XBUL:BREF) is currently considered Possible Value Trap. The stock's GF Value™ is €15.70, compared to a current price of €2.74 — trading 82.5% below its estimated fair value. The current Gross Margin % is 56.71%, which is 29% below median its 10-year median of 80.24 and 18.6% below the REITs industry median of 69.71. Bulgarian Real Estate Fund REIT's overall GF Score™ is 71/100 with 5 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 Bulgarian Real Estate Fund REIT (XBUL:BREF), the current Gross Margin % is 56.71% 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 Bulgarian Real Estate Fund REIT (XBUL:BREF) Overvalued in 2026?
Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT stock appears to be undervalued.
The current stock price of €2.74 is trading 82.5% below its estimated GF Value™ of €15.70.
GuruFocus considers Bulgarian Real Estate Fund REIT to be Possible Value Trap.
Key valuation signals for XBUL:BREF:
Gross Margin %: 56.71% (29% below median its 10-year median of 80.24)
GF Value™: €15.70 vs. price of €2.74 (82.5% below fair value)
Industry Position: 18.6% below the REITs median (#653 of 680)
No single metric tells the full story. See the XBUL:BREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bulgarian Real Estate Fund REIT Business Description
Bulgarian Real Estate Fund REIT is a special investment purpose joint-stock entity seated in the Republic of Bulgaria. The main activity of the fund is investing the cash funds raised through securities issuance in real property /securitization of real property/ through the purchase of ownership rights and other real rights over real property, carrying out construction and improvements therein for the purpose of making it available for management, renting, leasing and/or sale. Its investment objective is to achieve capital appreciation by means of diversified investments in business buildings, residential and other high-class properties, retail premises and agricultural land on the territory of Bulgaria.
71GF Score
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