Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. 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 -4.23% is 305% below its 5-year average of 2.06%, near the low end of its 5-year range (-4.23%–2.67%).
As of the fiscal period ended Tuesday, June 30, 2026. 153.13% below its 12-month average of -1.67%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -4.23%.
RETURN ON INVESTED CAPITAL (ROIC)
-4.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-1.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
1.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
2.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
2.61%
CURRENT VS TTM AVG
-153.13%
CURRENT VS 3Y AVG
-315.93%
CURRENT VS 5Y AVG
-304.78%
CURRENT VS 10Y AVG
-300.36%
CURRENT VS 15Y AVG
-299.17%
CURRENT VS 20Y AVG
-261.75%
SECTOR MEDIAN · REAL ESTATE
4.89%
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
-186.45%
vs the sector median at left
Alexandria Real Estate Equities, Inc.
Market Cap
$8.70B
Return on Invested Capital (ROIC)
-4.23%
TTM Avg
-1.67%
3Y Avg
1.96%
5Y Avg
2.06%
Market Cap
$8.56B
Return on Invested Capital (ROIC)
6.88%
TTM Avg
7.40%
3Y Avg
7.29%
5Y Avg
7.17%
Market Cap
$8.11B
Return on Invested Capital (ROIC)
5.63%
TTM Avg
5.36%
3Y Avg
4.93%
5Y Avg
4.92%
Market Cap
$8.10B
Return on Invested Capital (ROIC)
3.56%
TTM Avg
3.52%
3Y Avg
3.39%
5Y Avg
3.41%
Market Cap
$7.86B
Return on Invested Capital (ROIC)
6.18%
TTM Avg
6.31%
3Y Avg
6.25%
5Y Avg
5.96%
Market Cap
$9.55B
Return on Invested Capital (ROIC)
5.08%
TTM Avg
5.49%
3Y Avg
5.65%
5Y Avg
5.34%
Market Cap
$9.86B
Return on Invested Capital (ROIC)
2.93%
TTM Avg
3.40%
3Y Avg
3.32%
5Y Avg
3.21%
Market Cap
$10.11B
Return on Invested Capital (ROIC)
4.89%
TTM Avg
5.83%
3Y Avg
5.07%
5Y Avg
4.81%
Market Cap
$7.02B
Return on Invested Capital (ROIC)
3.65%
TTM Avg
3.42%
3Y Avg
3.48%
5Y Avg
3.75%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Alexandria Real Estate Equities, Inc. (ARE) | $8.70B | -4.23% | -1.67% | 1.96% | 2.06% |
| CubeSmart (CUBE)vs › | $8.56B | 6.88% | 7.40% | 7.29% | 7.17% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.11B | 5.63% | 5.36% | 4.93% | 4.92% |
| Agree Realty Corporation (ADC)vs › | $8.10B | 3.56% | 3.52% | 3.39% | 3.41% |
| NNN REIT, Inc. (NNN)vs › | $7.86B | 6.18% | 6.31% | 6.25% | 5.96% |
| Federal Realty Investment Trust (FRT)vs › | $9.55B | 5.08% | 5.49% | 5.65% | 5.34% |
| Camden Property Trust (CPT)vs › | $9.86B | 2.93% | 3.40% | 3.32% | 3.21% |
| BXP, Inc. (BXP)vs › | $10.11B | 4.89% | 5.83% | 5.07% | 4.81% |
| Terreno Realty Corporation (TRNO)vs › | $7.02B | 3.65% | 3.42% | 3.48% | 3.75% |
| UDR, Inc. (UDR)vs › | $10.87B | 4.92% | 2.76% | 3.41% | 3.13% |
ROIC
-4.2%
ROE
-5.8%
ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)
Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-06-30 | -4.23% |
| 2026-03-31 | -3.81% |
| 2025-12-31 | -3.73% |
| 2025-09-30 | 1.60% |
| 2025-06-30 | 1.81% |
| 2025-03-31 | 1.98% |
| 2024-12-31 | 2.16% |
| 2024-09-30 | 2.15% |
| 2024-06-30 | 2.10% |
| 2024-03-31 | 2.02% |
| 2023-12-31 | 1.98% |
| 2023-09-30 | 1.92% |
| 2023-06-30 | 1.85% |
| 2023-03-31 | 1.79% |
| 2022-12-31 | 1.81% |
| 2022-09-30 | 1.76% |
| 2022-06-30 | 2.44% |
| 2022-03-31 | 2.39% |
| 2021-12-31 | 2.53% |
| 2021-09-30 | 2.67% |
| 2021-06-30 | 2.18% |
| 2021-03-31 | 2.24% |
| 2020-12-31 | 2.37% |
| 2020-09-30 | 2.46% |
| 2020-06-30 | 1.65% |
| 2020-03-31 | 1.66% |
| 2019-12-31 | 2.14% |
| 2019-09-30 | 1.51% |
| 2019-06-30 | 3.49% |
| 2019-03-31 | 3.45% |
| 2018-12-31 | 3.77% |
| 2018-09-30 | 4.31% |
| 2018-06-30 | 3.06% |
| 2018-03-31 | 3.01% |
| 2017-12-31 | 2.27% |
| 2017-09-30 | 2.13% |
| 2017-06-30 | 1.74% |
| 2017-03-31 | 0.66% |
| 2016-12-31 | 0.27% |
| 2016-09-30 | 0.57% |
| 2016-06-30 | 0.55% |
| 2016-03-31 | 1.94% |
| 2015-12-31 | 2.20% |
| 2015-09-30 | 1.59% |
| 2015-06-30 | 1.64% |
| 2015-03-31 | 1.66% |
| 2014-12-31 | 1.60% |
| 2014-09-30 | 2.24% |
| 2014-06-30 | 2.22% |
| 2014-03-31 | 2.17% |
| 2013-12-31 | 2.10% |
| 2013-09-30 | 1.86% |
| 2013-06-30 | 1.87% |
| 2013-03-31 | 2.13% |
| 2012-12-31 | 2.38% |
| 2012-09-30 | 2.37% |
| 2012-06-30 | 2.58% |
| 2012-03-31 | 2.81% |
| 2011-12-31 | 3.09% |
| 2011-09-30 | 3.94% |
| 2011-06-30 | 3.99% |
| 2011-03-31 | 3.49% |
| 2010-12-31 | 3.47% |
| 2010-09-30 | 2.52% |
| 2010-06-30 | 2.08% |
| 2010-03-31 | 3.68% |
| 2009-12-31 | 3.96% |
| 2009-09-30 | 3.98% |
| 2009-06-30 | 4.10% |
| 2009-03-31 | 3.86% |
| 2008-12-31 | 3.93% |
| 2008-09-30 | 4.13% |
| 2008-06-30 | 4.20% |
| 2008-03-31 | 4.26% |
| 2007-12-31 | 3.92% |
| 2007-09-30 | 4.06% |
| 2007-06-30 | 4.31% |
| 2007-03-31 | 4.18% |
| 2006-12-31 | 4.00% |
| 2006-09-30 | 4.01% |
| 2006-06-30 | 4.81% |
| 2006-03-31 | 4.69% |
| 2005-12-31 | 4.76% |
| 2005-09-30 | 4.87% |
| 2005-06-30 | 4.77% |
| 2005-03-31 | 4.65% |
| 2004-12-31 | 4.75% |
| 2004-09-30 | 5.57% |
| 2004-06-30 | 6.58% |
| 2004-03-31 | 6.88% |
| 2003-12-31 | 6.76% |
| 2003-09-30 | 6.69% |
| 2003-06-30 | 5.66% |