Centerspace (Centerspace) Gross Margin %

: 57.17% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Centerspace's Gross Profit for the three months ended in Dec. 2023 was $36.63 Mil. Centerspace's Revenue for the three months ended in Dec. 2023 was $64.07 Mil. Therefore, Centerspace's Gross Margin % for the quarter that ended in Dec. 2023 was 57.17%.

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

IRETPRBCL.PFD' s Gross Margin % Range Over the Past 10 Years
Min: 53.72 Med: 55.79 Max: 59.21
Current: 55.93

During the past 13 years, the highest Gross Margin % of Centerspace was 59.21%. The lowest was 53.72%. And the median was 55.79%.

IRETPRBCL.PFD's Gross Margin % is ranked worse than
76.5% of 634 companies
in the REITs industry
Industry Median: 68.745 vs IRETPRBCL.PFD: 55.93

Centerspace had a gross margin of 57.17% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Centerspace was 0.40% per year.

Centerspace Gross Margin % Historical Data

The historical data trend for Centerspace'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.

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Centerspace Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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54.51

55.64

55.08

53.83

55.93

Centerspace 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															53.46	53.62	57.87	55.18	57.17

Competitive Comparison

For the REIT - Residential subindustry, Centerspace'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.

Centerspace Gross Margin % Distribution

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

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

Centerspace Gross Margin % Calculation

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

Centerspace'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 )
	=	146.1	/	261.309
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(261.309 - 115.165)	/	261.309
	=	55.93 %

Centerspace'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 )
	=	36.6	/	64.068
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(64.068 - 27.439)	/	64.068
	=	57.17 %

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.

Centerspace (NYSE:IRETPRBCL.PFD) 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

Centerspace had a gross margin of 57.17% 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.

Centerspace Gross Margin % Related Terms

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Centerspace (Centerspace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Centerspace (NYSE:IRETPRBCL.PFD) » Definitions » Gross Margin %

Comparable Companies

NXRT UMH AIV ELME VRE BRT FREVS CLPR BHM IRT AVB EQR INVH SUI ESS MAA AMH UDR ELS CPT

Traded in Other Exchanges

CSRpC.PFD:USA CSR:USA

Address

3100 10th Street SW, Post Office Box 1988, Minot, ND, USA, 58702-1988

Website

https://www.centerspacehomes.com

Centerspace is a real estate investment trust (REIT) that focuses on the ownership, management, acquisitions, redevelopment, and development of apartment communities. The company operates through a single reportable segment, and it owns properties in the following states: Minnesota, Colorado, North Dakota, Nebraska, South Dakota, and Montana. Rental income represents the company's main source of revenue, and properties owned in Minnesota, Colorado, and North Dakota represent the majority of the firm's commercial presence.