VARNF (Varia US Properties) Selling, General, & Admin. Expense: $14.76 Mil (TTM As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

VARNF Varia US Properties Ltd VARNF
36 GF Score
Price $24.25
GF Value $41.32
! 5 Warning Signs
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What is Varia US Properties Selling, General, & Admin. Expense?

Varia US Properties VARNF 36 Selling, General, & Admin. Expense is $14.76 Mil as of Mar. 2026. GuruFocus rates VARNF with a GF Score™ of 36/100 and a GF Value™ of $41.32. The stock has 5 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Varia US Properties's selling, general, & admin. expense for the three months ended in Mar. 2026 was $3.57 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was $14.76 Mil.


Varia US Properties  (OTCPK:VARNF) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Varia US Properties Selling, General, & Admin. Expense Related Terms


Varia US Properties Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Varia US Properties's Selling, General, & Admin. Expense 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.

Varia US Properties Selling, General, & Admin. Expense Chart

Varia US Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.18 15.56 16.31 13.80 14.44

Varia US Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Selling, General, & Admin. Expense 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 3.26 3.46 3.22 4.51 3.57

VARNF vs CBRE, BEKE, JLL: Selling, General, & Admin. Expense Comparison

For the Real Estate Services subindustry, Varia US Properties's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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.


Varia US Properties Selling, General, & Admin. Expense vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Varia US Properties's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Varia US Properties's Selling, General, & Admin. Expense falls into.


VARNF
36GF Score
Varia US Properties Ltd VARNF
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Varia US Properties Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $14.76 Mil.

* 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.

What does a Selling, General, & Admin. Expense of $14.76 Mil mean?
Varia US Properties (VARNF) has a Selling, General, & Admin. Expense of $14.76 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Varia US Properties and its competitors.
Is Varia US Properties' Selling, General, & Admin. Expense too high?
Varia US Properties' current Selling, General, & Admin. Expense is $14.76 Mil. Overall, Varia US Properties has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Varia US Properties' Selling, General, & Admin. Expense compare to CBRE and BEKE?
Varia US Properties' Selling, General, & Admin. Expense of $14.76 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Real Estate company?
A good Selling, General, & Admin. Expense depends on the Real Estate industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Varia US Properties and its competitors. Varia US Properties's current Selling, General, & Admin. Expense is $14.76 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Varia US Properties stock overvalued right now?
Varia US Properties (VARNF) has a current Selling, General, & Admin. Expense of $14.76 Mil. The stock's GF Value™ is $41.32, compared to a current price of $24.25 — trading 41.3% below its estimated fair value. The current Selling, General, & Admin. Expense is $14.76 Mil. Varia US Properties' overall GF Score™ is 36/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Varia US Properties (VARNF), the current Selling, General, & Admin. Expense is $14.76 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Varia US Properties (VARNF) Overvalued in 2026?

Based on GuruFocus' analysis, Varia US Properties stock appears to be undervalued. The current stock price of $24.25 is trading 41.3% below its estimated GF Value™ of $41.32.

Key valuation signals for VARNF:

  • Selling, General, & Admin. Expense: $14.76 Mil
  • GF Value™: $41.32 vs. price of $24.25 (41.3% below fair value)
  • GF Score™: 36/100 with 5 warning signs

No single metric tells the full story. See the VARNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Varia US Properties Business Description

Address Gubelstrasse 19, Zug, CHE, CH-6300
Varia US Properties Ltd is a Swiss-based company exclusively investing in the United States residential real estate market. It focuses on secondary and tertiary areas characterized by population, employment growth, and limited housing offering. It invests in low to moderate-income and workforce multifamily housing properties. The majority of revenue comes from Rental income.
36GF Score

Get the complete analysis for VARNF

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$24.25
Price
$41.32
GF Value