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CBL & Associates Properties (Old) (CBL & Associates Properties (Old)) Gross Margin % : 68.13% (As of Jun. 2021)


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What is CBL & Associates Properties (Old) Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. CBL & Associates Properties (Old)'s Gross Profit for the three months ended in Jun. 2021 was $93.04 Mil. CBL & Associates Properties (Old)'s Revenue for the three months ended in Jun. 2021 was $136.56 Mil. Therefore, CBL & Associates Properties (Old)'s Gross Margin % for the quarter that ended in Jun. 2021 was 68.13%.

Warning Sign:

CBL & Associates Properties Inc (Old) 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 CBL & Associates Properties (Old)'s Gross Margin % or its related term are showing as below:

CBLDQ.PFD' s Gross Margin % Range Over the Past 10 Years
Min: 66.71   Med: 71.98   Max: 73.14
Current: 66.71


During the past 13 years, the highest Gross Margin % of CBL & Associates Properties (Old) was 73.14%. The lowest was 66.71%. And the median was 71.98%.

CBLDQ.PFD's Gross Margin % is not ranked
in the REITs industry.
Industry Median: 68.745 vs CBLDQ.PFD: 66.71

CBL & Associates Properties (Old) had a gross margin of 68.13% for the quarter that ended in Jun. 2021 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for CBL & Associates Properties (Old) was -1.50% per year.


CBL & Associates Properties (Old) Gross Margin % Historical Data

The historical data trend for CBL & Associates Properties (Old)'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.

CBL & Associates Properties (Old) Gross Margin % Chart

CBL & Associates Properties (Old) Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 72.63 71.90 70.58 69.99 67.37

CBL & Associates Properties (Old) Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 67.16 64.56 70.36 63.11 68.13

Competitive Comparison of CBL & Associates Properties (Old)'s Gross Margin %

For the REIT - Retail subindustry, CBL & Associates Properties (Old)'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.


CBL & Associates Properties (Old)'s Gross Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CBL & Associates Properties (Old)'s Gross Margin % distribution charts can be found below:

* The bar in red indicates where CBL & Associates Properties (Old)'s Gross Margin % falls into.



CBL & Associates Properties (Old) Gross Margin % Calculation

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

CBL & Associates Properties (Old)'s Gross Margin for the fiscal year that ended in Dec. 2020 is calculated as

Gross Margin % (A: Dec. 2020 )=Gross Profit (A: Dec. 2020 ) / Revenue (A: Dec. 2020 )
=388 / 575.861
=(Revenue - Cost of Goods Sold) / Revenue
=(575.861 - 187.879) / 575.861
=67.37 %

CBL & Associates Properties (Old)'s Gross Margin for the quarter that ended in Jun. 2021 is calculated as


Gross Margin % (Q: Jun. 2021 )=Gross Profit (Q: Jun. 2021 ) / Revenue (Q: Jun. 2021 )
=93 / 136.561
=(Revenue - Cost of Goods Sold) / Revenue
=(136.561 - 43.517) / 136.561
=68.13 %

* 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.


CBL & Associates Properties (Old)  (OTCPK:CBLDQ.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

CBL & Associates Properties (Old) had a gross margin of 68.13% for the quarter that ended in Jun. 2021 => 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.


CBL & Associates Properties (Old) Gross Margin % Related Terms

Thank you for viewing the detailed overview of CBL & Associates Properties (Old)'s Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


CBL & Associates Properties (Old) (CBL & Associates Properties (Old)) Business Description

Traded in Other Exchanges
N/A
Address
2030 Hamilton Place Boulevard, CBL Center, Suite 500, Chattanooga, TN, USA, 37421
CBL & Associates Properties Inc is a U.S.-based real estate investment trust. The company engages in managing, acquiring, and leasing residential and commercial properties. Its portfolio of properties spans 24 states, mostly in the Southeastern and Midwestern regions of the United States. CBL's sales predominantly derive from leasing arrangements with retail tenants. The company also generates revenue from management and development fees, as well as sales of its real estate assets. CBL expands its portfolio of assets through activities such as redevelopment, renovation, and expansion.