GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Morguard Real Estate Investment Trust (OTCPK:MGRUF) » Definitions » Gross Margin %

Morguard Real Estate Investment Trust (Morguard Real Estate Investment Trust) Gross Margin % : 50.64% (As of Dec. 2023)


View and export this data going back to 2009. Start your Free Trial

What is Morguard Real Estate Investment Trust Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Morguard Real Estate Investment Trust's Gross Profit for the three months ended in Dec. 2023 was $24.9 Mil. Morguard Real Estate Investment Trust's Revenue for the three months ended in Dec. 2023 was $49.1 Mil. Therefore, Morguard Real Estate Investment Trust's Gross Margin % for the quarter that ended in Dec. 2023 was 50.64%.

Warning Sign:

Morguard Real Estate Investment Trust gross margin has been in long-term decline. The average rate of decline per year is -2.2%.


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

MGRUF' s Gross Margin % Range Over the Past 10 Years
Min: 48.67   Med: 54.85   Max: 57.07
Current: 49.3


During the past 13 years, the highest Gross Margin % of Morguard Real Estate Investment Trust was 57.07%. The lowest was 48.67%. And the median was 54.85%.

MGRUF's Gross Margin % is ranked worse than
85.49% of 634 companies
in the REITs industry
Industry Median: 68.745 vs MGRUF: 49.30

Morguard Real Estate Investment Trust had a gross margin of 50.64% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Morguard Real Estate Investment Trust was -2.20% per year.


Morguard Real Estate Investment Trust Gross Margin % Historical Data

The historical data trend for Morguard 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.

Morguard Real Estate Investment Trust Gross Margin % Chart

Morguard 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 54.81 48.67 50.49 50.28 49.30

Morguard 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 56.17 48.57 49.15 48.80 50.64

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

For the REIT - Diversified subindustry, Morguard 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.


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

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

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



Morguard Real Estate Investment Trust Gross Margin % Calculation

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

Morguard 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 )
=93.7 / 190.128
=(Revenue - Cost of Goods Sold) / Revenue
=(190.128 - 96.403) / 190.128
=49.30 %

Morguard 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 )
=24.9 / 49.088
=(Revenue - Cost of Goods Sold) / Revenue
=(49.088 - 24.231) / 49.088
=50.64 %

* 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.


Morguard Real Estate Investment Trust  (OTCPK:MGRUF) 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

Morguard Real Estate Investment Trust had a gross margin of 50.64% 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.


Morguard Real Estate Investment Trust Gross Margin % Related Terms

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


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

Traded in Other Exchanges
Address
55 City Centre Drive, Suite 1000, Mississauga, ON, CAN, L5B 1M3
Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It generates maximum revenue from the Retail segment.

Morguard Real Estate Investment Trust (Morguard Real Estate Investment Trust) Headlines