IGB Commercial REITXKLS:5299 +0.83%35 Gross Margin % is 56.97% as of Mar. 2026, which is 1% above its 10-year median of 56.30. GuruFocus rates XKLS:5299 with a GF Score™ of 35/100 and a GF Value™ of RM0.63 (Fairly Valued). The stock has 7 warning signs investors should review. Among 680 REITs companies, IGB Commercial REIT ranks worse than 81.47% on this metric.
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
IGB Commercial REIT had a gross margin of 56.97% 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.
IGB Commercial REIT Gross Margin % Related Terms
IGB Commercial REIT Gross Margin % Historical Data
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The historical data trend for IGB Commercial 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.
XKLS:5299 vs BXP, ARE, VNO: Gross Margin % Comparison
For the REIT - Office subindustry, IGB Commercial 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.
IGB Commercial REIT Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, IGB Commercial REIT's Gross Margin % distribution charts can be found below:
* The bar in red indicates where IGB Commercial 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.
IGB Commercial REIT (XKLS:5299) has a Gross Margin % of 56.97% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on IGB Commercial REIT and its competitors. This is near median its historical median of 56.30. Over the past decade, IGB Commercial REIT's Gross Margin % has ranged from 52.67 to 61.59. According to the industry distribution chart, IGB Commercial REIT ranks #554 out of 680 companies in the REITs industry, placing it in the top 81.5%.
Is IGB Commercial REIT's Gross Margin % too high?
IGB Commercial REIT's current Gross Margin % of 56.97% is near median its 10-year median of 56.30. Over the past 10 years, this metric has ranged from a low of 52.67 to a high of 61.59. The REITs industry median Gross Margin % is 69.61. IGB Commercial REIT's value of 56.97% is 18.2% below this industry median. Based on the distribution chart, IGB Commercial REIT ranks #554 out of 680 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, IGB Commercial REIT has a GF Score™ of 35/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IGB Commercial REIT's Gross Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, IGB Commercial REIT ranks #554 out of 680 companies for Gross Margin %. This places IGB Commercial REIT in the lower half of its industry. The industry median Gross Margin % is 69.61. IGB Commercial REIT's value of 56.97% is 18.2% below this benchmark. Historically, IGB Commercial REIT's own Gross Margin % has ranged from 52.67 to 61.59 over the past decade. While the company's 10-year median is 56.30 vs. the industry median of 69.61, IGB Commercial 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. IGB Commercial REIT's current Gross Margin % of 56.97% is 18.2% 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 IGB Commercial 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. IGB Commercial REIT's current Gross Margin % is 56.97%, which is near median its own 10-year median of 56.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGB Commercial REIT stock overvalued right now?
Based on GuruFocus' analysis, IGB Commercial REIT (XKLS:5299) is currently considered Fairly Valued. The stock's GF Value™ is RM0.63, compared to a current price of RM0.61 — trading 4% below its estimated fair value. The current Gross Margin % is 56.97%, which is near median its 10-year median of 56.30 and 18.2% below the REITs industry median of 69.61. IGB Commercial REIT's overall GF Score™ is 35/100 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 IGB Commercial REIT (XKLS:5299), the current Gross Margin % is 56.97% 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 IGB Commercial REIT (XKLS:5299) Overvalued in 2026?
Based on GuruFocus' analysis, IGB Commercial REIT stock appears to be undervalued.
The current stock price of RM0.61 is trading 4% below its estimated GF Value™ of RM0.63.
GuruFocus considers IGB Commercial REIT to be Fairly Valued.
Key valuation signals for XKLS:5299:
Gross Margin %: 56.97% (near median its 10-year median of 56.30)
GF Value™: RM0.63 vs. price of RM0.61 (4% below fair value)
Industry Position: 18.2% below the REITs median (#554 of 680)
No single metric tells the full story. See the XKLS:5299 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IGB Commercial REIT is established to provide unitholders with regular and stable distributions, sustainable long-term unit price and distributable income and capital growth, and maintaining an appropriate capital structure, by investing directly and indirectly in a portfolio of income-producing real estate used predominantly for commercial purposes in Malaysia and overseas. The trust's investment portfolio mainly comprises commercial properties with office and retail spaces, and includes the Gardens South Tower, Centrepoint North, The Gardens North Tower, and other properties.
35GF Score
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