Saul Centers (Saul Centers) Gross Margin % : 74.43% (As of Dec. 2023)

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What is Saul Centers Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Saul Centers's Gross Profit for the three months ended in Dec. 2023 was $49.6 Mil. Saul Centers's Revenue for the three months ended in Dec. 2023 was $66.7 Mil. Therefore, Saul Centers's Gross Margin % for the quarter that ended in Dec. 2023 was 74.43%.

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

BFS' s Gross Margin % Range Over the Past 10 Years
Min: 73.76 Med: 75.26 Max: 76.42
Current: 73.9

During the past 13 years, the highest Gross Margin % of Saul Centers was 76.42%. The lowest was 73.76%. And the median was 75.26%.

BFS's Gross Margin % is ranked better than
60.25% of 634 companies
in the REITs industry
Industry Median: 68.745 vs BFS: 73.90

Saul Centers had a gross margin of 74.43% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Saul Centers was -0.50% per year.

Saul Centers Gross Margin % Historical Data

The historical data trend for Saul Centers'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.

* Premium members only.

Saul Centers Gross Margin % Chart

Saul Centers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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74.98

74.06

74.24

73.76

73.90

Saul Centers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															73.22	74.18	74.18	72.77	74.43

Competitive Comparison of Saul Centers's Gross Margin %

For the REIT - Retail subindustry, Saul Centers'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.

Saul Centers's Gross Margin % Distribution in the REITs Industry

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

* The bar in red indicates where Saul Centers's Gross Margin % falls into.

Saul Centers Gross Margin % Calculation

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

Saul Centers'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 )
	=	190.1	/	257.207
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(257.207 - 67.139)	/	257.207
	=	73.90 %

Saul Centers's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	49.6	/	66.683
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(66.683 - 17.048)	/	66.683
	=	74.43 %

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.

Saul Centers (NYSE:BFS) 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

Saul Centers had a gross margin of 74.43% for the quarter that ended in Dec. 2023 => 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.

Saul Centers Gross Margin % Related Terms

Thank you for viewing the detailed overview of Saul Centers's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Saul Centers (Saul Centers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Saul Centers Inc (NYSE:BFS) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

BFSpE.PFD:USA BFSpD.PFD:USA SA4:Germany

Address

7501 Wisconsin Avenue, Suite 1500E, Bethesda, MD, USA, 20814-6522

Website

https://www.saulcenters.com

Saul Centers Inc is a self-managed real estate investment trust which invests in, operates, and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are primarily located in the Washington, D.C. and Maryland metropolitan areas. Saul Centers operates through two business segments: shopping centers, which contribute the maximum portion of total revenue; and mixed-use properties. Major tenants include grocery stores, discount department stores, and drug stores.

Executives

Saul B Francis Ii	director, 10 percent owner, officer: Chief Executive Officer	8401 CONNECTICUT AVE, CHEVY CHASE MD 20815
Carlos Lawrence Heard	officer: Senior Vice President & CFO	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
David Todd Pearson	officer: Executive V.P.-Real Estate	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20895
Patricia Saul Lotuff	director	7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA MD 20814
John E Chapoton	director	BROWN INVESTMENT ADVISORY INCORPORATED, 1717 H STREET, NW, FIFTH FLOOR, WASHINGTON DC 20006
H. Gregory Platts	director	7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA MD 20814
Clancy George Patrick Jr	director	1100 H ST NW, WASHINGTON DC 20080
Philip D Caraci	director
James Page Lansdale	officer: Exec. VP - Real Estate	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Joel Albert Friedman	officer: Sr. V.P./Chief Acctng Officer	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Mark Iii Sullivan	director	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
John F Collich	officer: Sr. VP-Acquisitions & Dev.
Lori Godby	officer: Senior Vice Pres.-Residential	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Judith K. Garland	officer: SVP, Office and Retail	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Willoughby B. Laycock	director, officer: VP-Residential Development	7501 WISCONSIN AVE., SUITE 1400, BETHESDA MD 20814