WPGHQ.PFD (Washington Prime Group) Gross Profit : $317.59 Mil (TTM As of Jun. 2021)

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What is Washington Prime Group Gross Profit?

Washington Prime Group's gross profit for the three months ended in Jun. 2021 was $82.95 Mil. Washington Prime Group's gross profit for the trailing twelve months (TTM) ended in Jun. 2021 was $317.59 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Washington Prime Group's gross profit for the three months ended in Jun. 2021 was $82.95 Mil. Washington Prime Group's Revenue for the three months ended in Jun. 2021 was $138.40 Mil. Therefore, Washington Prime Group's Gross Margin % for the quarter that ended in Jun. 2021 was 59.93%.

Washington Prime Group had a gross margin of 59.93% for the quarter that ended in Jun. 2021 => Durable competitive advantage

During the past 9 years, the highest Gross Margin % of Washington Prime Group was 68.64%. The lowest was 58.45%. And the median was 67.23%.

Warning Sign:

Washington Prime Group Inc gross margin has been in long term decline. The average rate of decline per year is -2.3%.

Washington Prime Group Gross Profit Historical Data

The historical data trend for Washington Prime Group's Gross Profit 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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Washington Prime Group Gross Profit Chart

Washington Prime Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Gross Profit

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574.15

516.91

482.38

425.02

308.26

Washington Prime Group Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Gross Profit	Get a 7-Day Free Trial															52.22	68.00	92.97	73.67	82.95

Competitive Comparison of Washington Prime Group's Gross Profit

For the REIT - Retail subindustry, Washington Prime Group's Gross Profit, along with its competitors' market caps and Gross Profit 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.

Washington Prime Group's Gross Profit Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Washington Prime Group's Gross Profit distribution charts can be found below:

* The bar in red indicates where Washington Prime Group's Gross Profit falls into.

Washington Prime Group Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Washington Prime Group's Gross Profit for the fiscal year that ended in Dec. 2020 is calculated as

Gross Profit (A: Dec. 2020 )	=	Revenue	-	Cost of Goods Sold
	=	524.418	-	216.158
	=	308.26

Washington Prime Group's Gross Profit for the quarter that ended in Jun. 2021 is calculated as

Gross Profit (Q: Jun. 2021 )	=	Revenue	-	Cost of Goods Sold
	=	138.397	-	55.452
	=	82.95

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $317.59 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Washington Prime Group's Gross Margin % for the quarter that ended in Jun. 2021 is calculated as

Gross Margin % (Q: Jun. 2021 )	=	Gross Profit (Q: Jun. 2021 )	/	Revenue (Q: Jun. 2021 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	82.95	/	138.397
	=	59.93 %

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.

Washington Prime Group (OTCPK:WPGHQ.PFD) Gross Profit 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

Washington Prime Group had a gross margin of 59.93% for the quarter that ended in Jun. 2021 => Durable competitive advantage

Washington Prime Group Gross Profit Related Terms

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Washington Prime Group Business Description

Industry

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Traded in Other Exchanges

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Address

180 East Broad Street, Columbus, OH, USA, 43215

Website

http://www.washingtonprime.com

Washington Prime Group Inc is a self-managed real estate investment trust that invests in, manages, and develops retail properties. The company's portfolio consists of community shopping centres and malls across the United States, with most properties located in Texas, Ohio, Indiana, Illinois, and Florida. It generates the majority of revenue from leasing properties to tenants, which include department stores, restaurants, homeware and furniture stores, entertainment venues, general retailers, and cosmetic stores.