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Boardwalk Real Estate Investment Trust (Boardwalk Real Estate Investment Trust) Gross Margin % : 61.45% (As of Dec. 2023)


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What is Boardwalk Real Estate Investment Trust Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Boardwalk Real Estate Investment Trust's Gross Profit for the three months ended in Dec. 2023 was $65.6 Mil. Boardwalk Real Estate Investment Trust's Revenue for the three months ended in Dec. 2023 was $106.7 Mil. Therefore, Boardwalk Real Estate Investment Trust's Gross Margin % for the quarter that ended in Dec. 2023 was 61.45%.


The historical rank and industry rank for Boardwalk Real Estate Investment Trust's Gross Margin % or its related term are showing as below:

BOWFF' s Gross Margin % Range Over the Past 10 Years
Min: 51.09   Med: 57.99   Max: 61.89
Current: 61.03


During the past 13 years, the highest Gross Margin % of Boardwalk Real Estate Investment Trust was 61.89%. The lowest was 51.09%. And the median was 57.99%.

BOWFF's Gross Margin % is ranked worse than
68.61% of 634 companies
in the REITs industry
Industry Median: 68.745 vs BOWFF: 61.03

Boardwalk Real Estate Investment Trust had a gross margin of 61.45% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Boardwalk Real Estate Investment Trust was 2.50% per year.


Boardwalk Real Estate Investment Trust Gross Margin % Historical Data

The historical data trend for Boardwalk Real Estate Investment Trust'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.

Boardwalk Real Estate Investment Trust Gross Margin % Chart

Boardwalk Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.84 57.81 58.30 58.16 61.03

Boardwalk Real Estate Investment Trust 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 57.40 58.06 61.58 62.85 61.45

Competitive Comparison of Boardwalk Real Estate Investment Trust's Gross Margin %

For the REIT - Residential subindustry, Boardwalk Real Estate Investment Trust'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.


Boardwalk Real Estate Investment Trust's Gross Margin % Distribution in the REITs Industry

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

* The bar in red indicates where Boardwalk Real Estate Investment Trust's Gross Margin % falls into.



Boardwalk Real Estate Investment Trust Gross Margin % Calculation

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

Boardwalk Real Estate Investment Trust'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 )
=248.2 / 406.722
=(Revenue - Cost of Goods Sold) / Revenue
=(406.722 - 158.519) / 406.722
=61.03 %

Boardwalk Real Estate Investment Trust'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 )
=65.6 / 106.685
=(Revenue - Cost of Goods Sold) / Revenue
=(106.685 - 41.13) / 106.685
=61.45 %

* 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.


Boardwalk Real Estate Investment Trust  (OTCPK:BOWFF) 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

Boardwalk Real Estate Investment Trust had a gross margin of 61.45% 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.


Boardwalk Real Estate Investment Trust Gross Margin % Related Terms

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Boardwalk Real Estate Investment Trust (Boardwalk Real Estate Investment Trust) Business Description

Traded in Other Exchanges
Address
1501 - 1st Street S.W., Suite 200, First West Place, Calgary, AB, CAN, T2R 0W1
Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company's cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT's total residential suites. The company derives substantially all of its income in the form of rental revenue from leasing its properties to tenants under short-term agreements. Boardwalk REIT's assets in Alberta contribute the majority of this revenue.