Veris Residential Inc gross margin has been in long-term decline. The average rate of decline per year is -1.5%.
The historical rank and industry rank for Veris Residential's Gross Margin % or its related term are showing as below:
VRE'
s Gross Margin % Range Over the Past 10 Years
Min: 50.97 Med: 55.51 Max: 58.29
Current: 55.6
During the past 13 years, the highestGross Margin % of Veris Residential was 58.29%. The lowest was 50.97%. And the median was 55.51%.
VRE's Gross Margin % is ranked worse than 76.97% of 634
companies
in the REITs industry
Industry Median: 68.745
vs VRE: 55.60
Veris Residential had a gross margin of 56.55% for the quarter that ended in Mar. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Veris Residential was -1.50% per year.
Veris Residential Gross Margin % Historical Data
The historical data trend for Veris Residential'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.
Competitive Comparison of Veris Residential's Gross Margin %
For the REIT - Residential subindustry, Veris Residential'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.
Veris Residential's Gross Margin % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Veris Residential's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Veris Residential'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
Veris Residential had a gross margin of 56.55% for the quarter that ended in Mar. 2024 => 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.
Veris Residential Gross Margin % Related Terms
Thank you for viewing the detailed overview of Veris Residential's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Veris Residential (Veris Residential) Business Description
Veris Residential Inc is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The company owns and operates a real estate portfolio comprised predominantly of multifamily rental properties located mainly in the Northeast and Class A office properties. The company performs substantially all real estate management, leasing, acquisition and development on an in-house basis. The properties are in three states in the Northeast, plus the District of Columbia. The company operates in two industry segments multifamily real estate & services and commercial & other real estate. The majority of revenue is from Multifamily real estate services.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
VRE has been successfully added to your 