Boston Properties (BSP:BOXP34) Gross Margin %

: 62.63% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Boston Properties's Gross Profit for the three months ended in Dec. 2023 was R$2,544 Mil. Boston Properties's Revenue for the three months ended in Dec. 2023 was R$4,062 Mil. Therefore, Boston Properties's Gross Margin % for the quarter that ended in Dec. 2023 was 62.63%.

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

BSP:BOXP34' s Gross Margin % Range Over the Past 10 Years
Min: 62.72 Med: 63.43 Max: 64.2
Current: 62.85

During the past 13 years, the highest Gross Margin % of Boston Properties was 64.20%. The lowest was 62.72%. And the median was 63.43%.

BSP:BOXP34's Gross Margin % is ranked worse than
64.14% of 633 companies
in the REITs industry
Industry Median: 68.71 vs BSP:BOXP34: 62.85

Boston Properties had a gross margin of 62.63% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Boston Properties was 0.10% per year.

Boston Properties Gross Margin % Historical Data

The historical data trend for Boston Properties'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.

Boston Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

63.38

62.75

64.20

63.47

62.85

Boston Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %																63.29	62.90	63.39	62.49	62.63

Competitive Comparison

For the REIT - Office subindustry, Boston Properties'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.

Boston Properties Gross Margin % Distribution

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

* The bar in red indicates where Boston Properties's Gross Margin % falls into.

Boston Properties Gross Margin % Calculation

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

Boston Properties'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 )
	=	10080.8	/	16039.833
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(16039.833 - 5958.999)	/	16039.833
	=	62.85 %

Boston Properties'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 )
	=	2543.7	/	4061.606
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4061.606 - 1517.88)	/	4061.606
	=	62.63 %

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.

Boston Properties (BSP:BOXP34) 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

Boston Properties had a gross margin of 62.63% 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.

Boston Properties Gross Margin % Related Terms

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Boston Properties (BSP:BOXP34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Boston Properties Inc (BSP:BOXP34) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

BXP:USA BXP:Mexico BO9:Germany

Address

800 Boylston Street, Suite 1900, Prudential Center, Boston, MA, USA, 02199-8103

Website

https://www.bxp.com

Boston Properties owns over 190 properties consisting of approximately 54 million rentable square feet of space. The portfolio is dominated by office buildings and is spread across major cities such as New York, Boston, San Francisco, Los Angeles, Seattle, and the Washington, D.C., region. The real estate investment trust also owns limited retail, hotel, and residential properties.

Boston Properties (BSP:BOXP34) Headlines

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