Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 73.95% is in line with its 5-year average of 69.57%, near the high end of its 5-year range (66.60%–73.95%).
As of the fiscal period ended Tuesday, June 30, 2026. 6.63% above its 12-month average of 69.35%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
73.95%
GROSS MARGIN AVG TTM
69.35%
GROSS MARGIN AVG 3Y
69.82%
GROSS MARGIN AVG 5Y
69.57%
GROSS MARGIN AVG 10Y
70.23%
GROSS MARGIN AVG 15Y
69.85%
GROSS MARGIN AVG 20Y
69.73%
CURRENT VS TTM AVG
+6.63%
CURRENT VS 3Y AVG
+5.92%
CURRENT VS 5Y AVG
+6.30%
CURRENT VS 10Y AVG
+5.30%
CURRENT VS 15Y AVG
+5.87%
CURRENT VS 20Y AVG
+6.05%
SECTOR MEDIAN · REAL ESTATE
40.22%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+83.89%
vs the sector median at left
Alexandria Real Estate Equities, Inc.
Market Cap
$8.39B
Gross Margin
73.95%
TTM Avg
69.35%
3Y Avg
69.82%
5Y Avg
69.57%
Market Cap
$8.35B
Gross Margin
22.60%
TTM Avg
47.65%
3Y Avg
60.43%
5Y Avg
64.59%
Market Cap
$8.81B
Gross Margin
87.73%
TTM Avg
87.80%
3Y Avg
87.76%
5Y Avg
87.69%
Market Cap
$7.26B
Gross Margin
75.84%
TTM Avg
75.10%
3Y Avg
75.20%
5Y Avg
74.87%
Market Cap
$10.08B
Gross Margin
9.73%
TTM Avg
38.58%
3Y Avg
52.97%
5Y Avg
57.31%
Market Cap
$10.89B
Gross Margin
61.41%
TTM Avg
61.30%
3Y Avg
61.88%
5Y Avg
61.30%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Alexandria Real Estate Equities, Inc. (ARE) | $8.39B | 73.95% | 69.35% | 69.82% | 69.57% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.35B | 22.60% | 47.65% | 60.43% | 64.59% |
| NNN REIT, Inc. (NNN)vs › | $8.63B | 38.00% | 67.14% | 81.86% | 86.54% |
| Agree Realty Corporation (ADC)vs › | $8.81B | 87.73% | 87.80% | 87.76% | 87.69% |
| CubeSmart (CUBE)vs › | $9.25B | 22.74% | 46.47% | 58.95% | 62.46% |
| Terreno Realty Corporation (TRNO)vs › | $7.26B | 75.84% | 75.10% | 75.20% | 74.87% |
| Federal Realty Investment Trust (FRT)vs › | $10.08B | 9.73% | 38.58% | 52.97% | 57.31% |
| BXP, Inc. (BXP)vs › | $10.77B | 60.56% | 60.88% | 62.02% | 62.51% |
| Camden Property Trust (CPT)vs › | $10.89B | 61.41% | 61.30% | 61.88% | 61.30% |
| UDR, Inc. (UDR)vs › | $11.98B | 25.59% | 25.27% | 24.12% | 21.91% |
Gross Margin
74.0%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 73.95% |
| 2026-03-31 | 66.60% |
| 2025-12-31 | 69.18% |
| 2025-09-30 | 67.49% |
| 2025-06-30 | 69.56% |
| 2025-03-31 | 69.54% |
| 2024-12-31 | 68.50% |
| 2024-09-30 | 69.93% |
| 2024-06-30 | 71.23% |
| 2024-03-31 | 71.11% |
| 2023-12-31 | 70.01% |
| 2023-09-30 | 69.23% |
| 2023-06-30 | 69.92% |
| 2023-03-31 | 69.92% |
| 2022-12-31 | 69.30% |
| 2022-09-30 | 69.37% |
| 2022-06-30 | 69.38% |
| 2022-03-31 | 70.40% |
| 2021-12-31 | 69.42% |
| 2021-09-30 | 69.87% |
| 2021-06-30 | 71.68% |
| 2021-03-31 | 71.20% |
| 2020-12-31 | 70.35% |
| 2020-09-30 | 74.16% |
| 2020-06-30 | 71.57% |
| 2020-03-31 | 70.50% |
| 2019-12-31 | 69.89% |
| 2019-09-30 | 70.18% |
| 2019-06-30 | 71.73% |
| 2019-03-31 | 71.71% |
| 2018-12-31 | 71.31% |
| 2018-09-30 | 70.82% |
| 2018-06-30 | 71.72% |
| 2018-03-31 | 71.33% |
| 2017-12-31 | 70.53% |
| 2017-09-30 | 70.58% |
| 2017-06-30 | 71.81% |
| 2017-03-31 | 71.33% |
| 2016-12-31 | 70.18% |
| 2016-09-30 | 68.04% |
| 2016-06-30 | 68.81% |
| 2016-03-31 | 68.82% |
| 2015-12-31 | 67.70% |
| 2015-09-30 | 67.52% |
| 2015-06-30 | 69.13% |
| 2015-03-31 | 68.21% |
| 2014-12-31 | 69.85% |
| 2014-09-30 | 69.06% |
| 2014-06-30 | 70.32% |
| 2014-03-31 | 70.20% |
| 2013-12-31 | 70.45% |
| 2013-09-30 | 69.90% |
| 2013-06-30 | 69.97% |
| 2013-03-31 | 69.93% |
| 2012-12-31 | 69.75% |
| 2012-09-30 | 65.24% |
| 2012-06-30 | 67.32% |
| 2012-03-31 | 66.28% |
| 2011-12-31 | -33.37% |
| 2011-09-30 | 67.01% |
| 2011-06-30 | 68.07% |
| 2011-03-31 | 65.76% |
| 2010-12-31 | 16.16% |
| 2010-09-30 | 68.06% |
| 2010-06-30 | 69.10% |
| 2010-03-31 | 68.01% |
| 2009-12-31 | -169.35% |
| 2009-09-30 | 73.14% |
| 2009-06-30 | 73.97% |
| 2009-03-31 | 70.96% |
| 2008-12-31 | -7.54% |
| 2008-09-30 | 68.79% |
| 2008-06-30 | 70.12% |
| 2008-03-31 | 67.70% |
| 2007-12-31 | -18.14% |
| 2007-09-30 | 68.17% |
| 2007-06-30 | 69.96% |
| 2007-03-31 | 68.70% |
| 2006-12-31 | 100.00% |
| 2006-09-30 | 100.00% |
| 2006-06-30 | 100.00% |
| 2006-03-31 | 100.00% |
| 2005-12-31 | 100.00% |
| 2005-09-30 | 100.00% |
| 2005-06-30 | 100.00% |
| 2005-03-31 | 100.00% |
| 2004-12-31 | 100.00% |
| 2004-09-30 | 100.00% |
| 2004-06-30 | 100.00% |
| 2004-03-31 | 100.00% |
| 2003-12-31 | 100.00% |
| 2003-09-30 | 100.00% |
| 2003-06-30 | 100.00% |
| 2003-03-31 | 100.00% |
| 2002-12-31 | 100.00% |
| 2002-09-30 | 100.00% |
