Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 3.14% is 86% below its 5-year average of 22.90%, near the high end of its 5-year range (-213.55%–62.98%).
As of the fiscal period ended Tuesday, June 30, 2026. 109.89% above its 12-month average of -31.71%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
3.14%
OPERATING MARGIN AVG TTM
-31.71%
OPERATING MARGIN AVG 3Y
22.28%
OPERATING MARGIN AVG 5Y
22.90%
OPERATING MARGIN AVG 10Y
24.26%
OPERATING MARGIN AVG 15Y
24.64%
OPERATING MARGIN AVG 20Y
32.39%
CURRENT VS TTM AVG
+109.89%
CURRENT VS 3Y AVG
-85.92%
CURRENT VS 5Y AVG
-86.30%
CURRENT VS 10Y AVG
-87.07%
CURRENT VS 15Y AVG
-87.27%
CURRENT VS 20Y AVG
-90.32%
SECTOR MEDIAN · REAL ESTATE
29.30%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-89.30%
vs the sector median at left
Alexandria Real Estate Equities, Inc.
Market Cap
$8.39B
Operating Margin
3.14%
TTM Avg
-31.71%
3Y Avg
22.28%
5Y Avg
22.90%
Market Cap
$8.35B
Operating Margin
41.59%
TTM Avg
41.50%
3Y Avg
40.62%
5Y Avg
40.74%
Market Cap
$8.81B
Operating Margin
48.35%
TTM Avg
48.18%
3Y Avg
48.61%
5Y Avg
50.68%
Market Cap
$7.26B
Operating Margin
40.39%
TTM Avg
39.54%
3Y Avg
40.06%
5Y Avg
43.51%
Market Cap
$10.08B
Operating Margin
34.49%
TTM Avg
37.61%
3Y Avg
40.03%
5Y Avg
39.38%
Market Cap
$10.89B
Operating Margin
17.81%
TTM Avg
18.80%
3Y Avg
19.25%
5Y Avg
19.49%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Alexandria Real Estate Equities, Inc. (ARE) | $8.39B | 3.14% | -31.71% | 22.28% | 22.90% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.35B | 41.59% | 41.50% | 40.62% | 40.74% |
| NNN REIT, Inc. (NNN)vs › | $8.63B | 62.14% | 64.00% | 64.37% | 62.66% |
| Agree Realty Corporation (ADC)vs › | $8.81B | 48.35% | 48.18% | 48.61% | 50.68% |
| CubeSmart (CUBE)vs › | $9.25B | 38.19% | 42.64% | 41.85% | 43.95% |
| Terreno Realty Corporation (TRNO)vs › | $7.26B | 40.39% | 39.54% | 40.06% | 43.51% |
| Federal Realty Investment Trust (FRT)vs › | $10.08B | 34.49% | 37.61% | 40.03% | 39.38% |
| BXP, Inc. (BXP)vs › | $10.77B | 55.71% | 42.85% | 37.89% | 36.34% |
| Camden Property Trust (CPT)vs › | $10.89B | 17.81% | 18.80% | 19.25% | 19.49% |
| UDR, Inc. (UDR)vs › | $11.98B | 18.83% | 17.92% | 22.85% | 22.04% |
Gross Margin
69.5%
Operating Margin
3.1%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 3.14% |
| 2026-03-31 | 15.91% |
| 2025-12-31 | -213.55% |
| 2025-09-30 | 17.28% |
| 2025-06-30 | 18.66% |
| 2025-03-31 | 19.38% |
| 2024-12-31 | 20.96% |
| 2024-09-30 | 26.37% |
| 2024-06-30 | 26.82% |
| 2024-03-31 | 26.82% |
| 2023-12-31 | 23.62% |
| 2023-09-30 | 24.66% |
| 2023-06-30 | 24.57% |
| 2023-03-31 | 24.35% |
| 2022-12-31 | 23.11% |
| 2022-09-30 | 22.95% |
| 2022-06-30 | 24.84% |
| 2022-03-31 | 24.43% |
| 2021-12-31 | 20.54% |
| 2021-09-30 | 62.98% |
| 2021-06-30 | 26.85% |
| 2021-03-31 | 26.30% |
| 2020-12-31 | 24.74% |
| 2020-09-30 | 34.82% |
| 2020-06-30 | 25.73% |
| 2020-03-31 | 23.09% |
| 2019-12-31 | 27.81% |
| 2019-09-30 | -0.26% |
| 2019-06-30 | 32.54% |
| 2019-03-31 | 46.89% |
| 2018-12-31 | 4.57% |
| 2018-09-30 | 74.86% |
| 2018-06-30 | 28.56% |
| 2018-03-31 | 53.90% |
| 2017-12-31 | 25.25% |
| 2017-09-30 | 29.89% |
| 2017-06-30 | 24.16% |
| 2017-03-31 | 26.59% |
| 2016-12-31 | 18.94% |
| 2016-09-30 | 15.66% |
| 2016-06-30 | -40.12% |
| 2016-03-31 | 14.58% |
| 2015-12-31 | 32.92% |
| 2015-09-30 | 15.86% |
| 2015-06-30 | 17.83% |
| 2015-03-31 | 24.80% |
| 2014-12-31 | 7.84% |
| 2014-09-30 | 19.86% |
| 2014-06-30 | 20.88% |
| 2014-03-31 | 21.89% |
| 2013-12-31 | 36.07% |
| 2013-09-30 | 20.11% |
| 2013-06-30 | 19.97% |
| 2013-03-31 | 19.53% |
| 2012-12-31 | 23.13% |
| 2012-09-30 | 26.93% |
| 2012-06-30 | 31.36% |
| 2012-03-31 | 37.51% |
| 2011-12-31 | 38.82% |
| 2011-09-30 | 35.85% |
| 2011-06-30 | 39.20% |
| 2011-03-31 | 41.29% |
| 2010-12-31 | 68.61% |
| 2010-09-30 | 43.26% |
| 2010-06-30 | 5.73% |
| 2010-03-31 | 45.91% |
| 2009-12-31 | 57.80% |
| 2009-09-30 | 40.49% |
| 2009-06-30 | 54.48% |
| 2009-03-31 | 53.81% |
| 2008-12-31 | 44.15% |
| 2008-09-30 | 50.93% |
| 2008-06-30 | 49.99% |
| 2008-03-31 | 68.33% |
| 2007-12-31 | 58.35% |
| 2007-09-30 | 58.42% |
| 2007-06-30 | 57.76% |
| 2007-03-31 | 54.93% |
| 2006-12-31 | 58.39% |
| 2006-09-30 | 57.44% |
| 2006-06-30 | 61.81% |
| 2006-03-31 | 58.85% |
| 2005-12-31 | 56.12% |
| 2005-09-30 | 57.62% |
| 2005-06-30 | 58.59% |
| 2005-03-31 | 58.77% |
| 2004-12-31 | 56.85% |
| 2004-09-30 | 55.39% |
| 2004-06-30 | 56.87% |
| 2004-03-31 | 61.14% |
| 2003-12-31 | 60.89% |
| 2003-09-30 | 82.12% |
| 2003-06-30 | 56.82% |
| 2003-03-31 | 56.37% |
| 2002-12-31 | 48.59% |
| 2002-09-30 | 52.65% |
