Washington Prime Group (Washington Prime Group) Gross Margin %

: 59.93% (As of Jun. 2021)

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Gross Margin % is calculated as gross profit divided by its revenue. Washington Prime Group's Gross Profit for the three months ended in Jun. 2021 was $82.95 Mil. Washington Prime Group's Revenue for the three months ended in Jun. 2021 was $138.40 Mil. Therefore, Washington Prime Group's Gross Margin % for the quarter that ended in Jun. 2021 was 59.93%.

Warning Sign:

Washington Prime Group Inc gross margin has been in long term decline. The average rate of decline per year is -2.3%.

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

WPGIQ.PFD' s Gross Margin % Range Over the Past 10 Years
Min: 58.45 Med: 67.23 Max: 68.64
Current: 58.45

During the past 9 years, the highest Gross Margin % of Washington Prime Group was 68.64%. The lowest was 58.45%. And the median was 67.23%.

WPGIQ.PFD's Gross Margin % is not ranked
in the REITs industry.
Industry Median: 68.71 vs WPGIQ.PFD: 58.45

Washington Prime Group had a gross margin of 59.93% for the quarter that ended in Jun. 2021 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Washington Prime Group was -2.30% per year.

Washington Prime Group Gross Margin % Historical Data

The historical data trend for Washington Prime Group'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.

Washington Prime Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Gross Margin %

68.07

68.64

67.23

64.25

58.78

Washington Prime Group Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Gross Margin %																52.87	54.98	62.24	55.84	59.93

Competitive Comparison

For the REIT - Retail subindustry, Washington Prime Group'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.

Washington Prime Group Gross Margin % Distribution

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

* The bar in red indicates where Washington Prime Group's Gross Margin % falls into.

Washington Prime Group Gross Margin % Calculation

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

Washington Prime Group'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 )
	=	308.3	/	524.418
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(524.418 - 216.158)	/	524.418
	=	58.78 %

Washington Prime Group'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 )
	=	82.9	/	138.397
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(138.397 - 55.452)	/	138.397
	=	59.93 %

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.

Washington Prime Group (OTCPK:WPGIQ.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

Washington Prime Group had a gross margin of 59.93% 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.

Washington Prime Group Gross Margin % Related Terms

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Washington Prime Group (Washington Prime Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Washington Prime Group Inc (OTCPK:WPGIQ.PFD) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 East Broad Street, Columbus, OH, USA, 43215

Website

http://www.washingtonprime.com

Washington Prime Group Inc is a self-managed real estate investment trust that invests in, manages, and develops retail properties. The company's portfolio consists of community shopping centres and malls across the United States, with most properties located in Texas, Ohio, Indiana, Illinois, and Florida. It generates the majority of revenue from leasing properties to tenants, which include department stores, restaurants, homeware and furniture stores, entertainment venues, general retailers, and cosmetic stores.

Executives

Stephan Gerber	officer: Senior VP, Property Mgmt.	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Joshua Lindimore	officer: Senior VP, Head of Leasing	C/O WASHINGTON PRIME GROUP, 180 EAST BROAD STREET, COLUMBUS OH 43215
Armand Mastropietro	officer: Exec VP, Property Management	C/O GLIMCHER REALTY TRUST, 180 EAST BROAD STREET, COLUMBUS OH 43215
Paul S Ajdaharian	officer: Exec VP, Head of Open Air Ctrs	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Gregory E Zimmerman	officer: Exec VP, Development	909 WALNUT, SUITE 200, KANSAS CITY MO 64106
J. Taggart Birge	director	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Von Blucher Sheryl G.	director	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
John F Levy	director	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
John J Dillon	director	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Gregory A Gorospe	officer: EVP, General Counsel,Secretary	180 EAST BROAD STREET, COLUMBUS OH 43215
Farinaz S Tehrani	officer: EVP, Legal & Compliance	180 EAST BROAD STREET, COLUMBUS OH 43215
Michael P Glimcher	director, officer: Vice Chairman and CEO	C/O GLIMCHER REALTY TRUST, 180 EAST BROAD STREET, COLUMBUS OH 43215
Mark Edward Yale	officer: EVP, CFO	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Melissa A. Indest	officer: CAO and SVP,Finance	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Niles C Overly	director	180 EAST BROAD STREET, COLUMBUS OH 43215