Gross Margin % is calculated as gross profit divided by its revenue. Essex Property Trust's Gross Profit for the
three
months ended in Jun. 2022 was $276 Mil. Essex Property Trust's Revenue for the
three
months ended in Jun. 2022 was $400 Mil. Therefore, Essex Property Trust's Gross Margin % for the quarter that ended in Jun. 2022 was 69.07%.
The historical rank and industry rank for Essex Property Trust's Gross Margin % or its related term are showing as below:
ESS'
s Gross Margin % Range Over the Past 10 Years
Min: 66.58 Med: 68.91 Max: 70.51
Current: 67.33
During the past 13 years, the highestGross Margin % of Essex Property Trust was 70.51%. The lowest was 66.58%. And the median was 68.91%.
ESS's Gross Margin % is ranked worse than 53.93% of 649
companies
in the REITs industry
Industry Median: 68.66
vs ESS: 67.33
Essex Property Trust had a gross margin of 69.07% for the quarter that ended in Jun. 2022 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Essex Property Trust was -0.90% per year.
Essex Property Trust Gross Margin % Historical Data
The historical data trend for Essex Property 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.
Essex Property Trust Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Gross Margin %
70.27
70.26
70.51
68.25
66.58
Essex Property Trust Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Gross Margin %
66.78
65.72
67.43
66.94
69.07
Competitive Comparison
For the REIT - Residential subindustry, Essex Property 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.
Essex Property Trust Gross Margin % Distribution
For the REITs industry and Real Estate sector, Essex Property Trust's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Essex Property Trust's Gross Margin % falls into.
* 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.
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
Essex Property Trust had a gross margin of 69.07% for the quarter that ended in Jun. 2022 => 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.
Essex Property Trust Gross Margin % Related Terms
Thank you for viewing the detailed overview of Essex Property Trust's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Essex Property Trust owns a portfolio of 253 apartment communities with over 62,000 units and is developing three additional properties with 571 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
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