Gross Margin % is calculated as gross profit divided by its revenue. Cousins Properties's Gross Profit for the
three
months ended in Dec. 2023 was $133.7 Mil. Cousins Properties's Revenue for the
three
months ended in Dec. 2023 was $197.0 Mil. Therefore, Cousins Properties's Gross Margin % for the quarter that ended in Dec. 2023 was 67.87%.
The historical rank and industry rank for Cousins Properties's Gross Margin % or its related term are showing as below:
CUZ'
s Gross Margin % Range Over the Past 10 Years
Min: 56.66 Med: 65.5 Max: 66.82
Current: 66.82
During the past 13 years, the highestGross Margin % of Cousins Properties was 66.82%. The lowest was 56.66%. And the median was 65.50%.
CUZ's Gross Margin % is ranked worse than 54.1% of 634
companies
in the REITs industry
Industry Median: 68.745
vs CUZ: 66.82
Cousins Properties had a gross margin of 67.87% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Cousins Properties was 0.30% per year.
Cousins Properties Gross Margin % Historical Data
The historical data trend for Cousins Properties'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 Cousins Properties's Gross Margin %
For the REIT - Office subindustry, Cousins Properties'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.
Cousins Properties's Gross Margin % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Cousins Properties's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Cousins Properties'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
Cousins Properties had a gross margin of 67.87% 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.
Cousins Properties Gross Margin % Related Terms
Thank you for viewing the detailed overview of Cousins Properties's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Cousins Properties (Cousins Properties) Business Description
Cousins Properties Inc is a real estate investment trust principally involved in the ownership, management, and development of properties in the Southern United States. Cousins Properties' real estate portfolio primarily comprises offices and mixed-use developments that encompass both apartment and retail space. Offices make up the vast majority of the portfolio in terms of total square footage. Cousins' assets are mainly located in Texas and Georgia, with North Carolina also playing host to a smaller amount of rental space. The company derives nearly all of its revenue in the form of rental income from its properties, most of which comes from its office locations. A diverse set of tenants in the cities of Houston and Atlanta represent the company's major markets.
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