Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 3.88% is 13% above its 5-year average of 3.43%, near the high end of its 5-year range (3.25%–3.88%).
As of the fiscal period ended Wednesday, December 31, 2025. 9.92% above its 12-month average of 3.53%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
3.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.46%
CURRENT VS TTM AVG
+9.92%
CURRENT VS 3Y AVG
+14.20%
CURRENT VS 5Y AVG
+13.12%
CURRENT VS 10Y AVG
-1.66%
CURRENT VS 15Y AVG
-0.35%
CURRENT VS 20Y AVG
-13.02%
SECTOR MEDIAN · REAL ESTATE
5.75%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-32.58%
vs the sector median at left
Agree Realty Corporation
Market Cap
$9.34B
Return on Invested Capital (ROIC)
3.88%
TTM Avg
3.53%
3Y Avg
3.40%
5Y Avg
3.43%
Market Cap
$9.42B
Return on Invested Capital (ROIC)
7.28%
TTM Avg
7.72%
3Y Avg
7.50%
5Y Avg
7.42%
Market Cap
$9.04B
Return on Invested Capital (ROIC)
6.39%
TTM Avg
6.40%
3Y Avg
6.33%
5Y Avg
6.08%
Market Cap
$8.97B
Return on Invested Capital (ROIC)
-4.40%
TTM Avg
-0.89%
3Y Avg
0.68%
5Y Avg
1.87%
Market Cap
$8.73B
Return on Invested Capital (ROIC)
5.76%
TTM Avg
5.57%
3Y Avg
5.17%
5Y Avg
5.20%
Market Cap
$10.72B
Return on Invested Capital (ROIC)
5.84%
TTM Avg
5.92%
3Y Avg
6.12%
5Y Avg
5.87%
Market Cap
$7.62B
Return on Invested Capital (ROIC)
3.80%
TTM Avg
3.55%
3Y Avg
3.65%
5Y Avg
3.99%
Market Cap
$11.14B
Return on Invested Capital (ROIC)
5.75%
TTM Avg
3.53%
3Y Avg
3.47%
5Y Avg
3.42%
Market Cap
$11.18B
Return on Invested Capital (ROIC)
5.96%
TTM Avg
7.00%
3Y Avg
6.05%
5Y Avg
5.75%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Agree Realty Corporation (ADC) | $9.34B | 3.88% | 3.53% | 3.40% | 3.43% |
| CubeSmart (CUBE)vs › | $9.42B | 7.28% | 7.72% | 7.50% | 7.42% |
| NNN REIT, Inc. (NNN)vs › | $9.04B | 6.39% | 6.40% | 6.33% | 6.08% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.97B | -4.40% | -0.89% | 0.68% | 1.87% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.73B | 5.76% | 5.57% | 5.17% | 5.20% |
| Federal Realty Investment Trust (FRT)vs › | $10.72B | 5.84% | 5.92% | 6.12% | 5.87% |
| Terreno Realty Corporation (TRNO)vs › | $7.62B | 3.80% | 3.55% | 3.65% | 3.99% |
| Camden Property Trust (CPT)vs › | $11.14B | 5.75% | 3.53% | 3.47% | 3.42% |
| BXP, Inc. (BXP)vs › | $11.18B | 5.96% | 7.00% | 6.05% | 5.75% |
| CoStar Group, Inc. (CSGP)vs › | $11.65B | -0.18% | -0.21% | 4.37% | 6.09% |
ROIC
3.9%
ROE
3.4%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 3.51% |
| 2024-12-31 | 3.55% |
| 2023-12-31 | 3.28% |
| 2022-12-31 | 3.25% |
| 2021-12-31 | 3.55% |
| 2020-12-31 | 3.44% |
| 2019-12-31 | 4.31% |
| 2018-12-31 | 3.80% |
| 2017-12-31 | 4.57% |
| 2016-12-31 | 4.92% |
| 2015-12-31 | 5.22% |
| 2014-12-31 | 2.69% |
| 2013-12-31 | 5.86% |
| 2012-12-31 | 5.46% |
| 2011-12-31 | 3.05% |
| 2010-12-31 | 1.84% |
| 2009-12-31 | 8.56% |
| 2008-12-31 | 13.01% |
| 2007-12-31 | 12.32% |
| 2006-12-31 | 9.97% |
| 2005-12-31 | 9.43% |
| 2004-12-31 | 9.27% |
| 2003-12-31 | 8.36% |
| 2002-12-31 | 9.37% |
| 2001-12-31 | 9.67% |
| 2000-12-31 | 10.67% |
| 1999-12-31 | 10.35% |
| 1998-12-31 | 9.61% |
| 1997-12-31 | 10.25% |
| 1996-12-31 | 9.94% |
