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 18.58% is in line with its 5-year average of 19.99%, near the low end of its 5-year range (15.29%–93.66%).
As of the fiscal period ended Tuesday, June 30, 2026. 43.53% below its 12-month average of 32.91%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
18.58%
GROSS MARGIN AVG TTM
32.91%
GROSS MARGIN AVG 3Y
19.23%
GROSS MARGIN AVG 5Y
19.99%
GROSS MARGIN AVG 10Y
20.85%
GROSS MARGIN AVG 15Y
27.47%
GROSS MARGIN AVG 20Y
31.53%
CURRENT VS TTM AVG
-43.53%
CURRENT VS 3Y AVG
-3.39%
CURRENT VS 5Y AVG
-7.03%
CURRENT VS 10Y AVG
-10.89%
CURRENT VS 15Y AVG
-32.35%
CURRENT VS 20Y AVG
-41.07%
SECTOR MEDIAN · REAL ESTATE
40.22%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-53.79%
vs the sector median at left
Market Cap
$37.00B
Gross Margin
25.69%
TTM Avg
40.92%
3Y Avg
48.98%
5Y Avg
51.92%
Market Cap
$31.01B
Gross Margin
23.00%
TTM Avg
52.37%
3Y Avg
65.12%
5Y Avg
68.48%
Market Cap
$28.71B
Gross Margin
99.39%
TTM Avg
99.22%
3Y Avg
99.21%
5Y Avg
98.79%
Market Cap
$58.36B
Gross Margin
89.80%
TTM Avg
91.32%
3Y Avg
92.03%
5Y Avg
92.56%
Market Cap
$25.67B
Gross Margin
66.99%
TTM Avg
65.07%
3Y Avg
64.75%
5Y Avg
64.34%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CBRE Group, Inc. (CBRE) | $42.70B | 18.58% | 32.91% | 19.23% | 19.99% |
| Ventas, Inc. (VTR)vs › | $43.28B | -2.58% | 18.35% | 31.12% | 36.46% |
| Iron Mountain Incorporated (IRM)vs › | $37.00B | 25.69% | 40.92% | 48.98% | 51.92% |
| Crown Castle Inc. (CCI)vs › | $32.32B | 63.19% | 68.97% | 70.00% | 69.14% |
| Extra Space Storage Inc. (EXR)vs › | $31.01B | 23.00% | 52.37% | 65.12% | 68.48% |
| VICI Properties Inc. (VICI)vs › | $28.71B | 99.39% | 99.22% | 99.21% | 98.79% |
| Realty Income Corporation (O)vs › | $58.36B | 89.80% | 91.32% | 92.03% | 92.56% |
| AvalonBay Communities, Inc. (AVB)vs › | $25.67B | 66.99% | 65.07% | 64.75% | 64.34% |
| Public Storage (PSA)vs › | $60.34B | 24.96% | 49.08% | 61.90% | 65.14% |
| Equity Residential (EQR)vs › | $24.15B | 45.96% | 54.80% | 59.31% | 60.52% |
Gross Margin
18.6%
(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 | 18.58% |
| 2026-03-31 | 17.59% |
| 2025-12-31 | 15.29% |
| 2025-09-30 | 19.40% |
| 2025-06-30 | 93.66% |
| 2025-03-31 | 18.46% |
| 2024-12-31 | 20.66% |
| 2024-09-30 | 19.74% |
| 2024-06-30 | 19.04% |
| 2024-03-31 | 18.40% |
| 2023-12-31 | 21.04% |
| 2023-09-30 | 18.70% |
| 2023-06-30 | 19.96% |
| 2023-03-31 | 18.96% |
| 2022-12-31 | 21.10% |
| 2022-09-30 | 21.18% |
| 2022-06-30 | 22.10% |
| 2022-03-31 | 21.56% |
| 2021-12-31 | 22.99% |
| 2021-09-30 | 22.64% |
| 2021-06-30 | 22.32% |
| 2021-03-31 | 20.53% |
| 2020-12-31 | 22.89% |
| 2020-09-30 | 19.14% |
| 2020-06-30 | 18.38% |
| 2020-03-31 | 19.98% |
| 2019-12-31 | 22.27% |
| 2019-09-30 | 20.89% |
| 2019-06-30 | 22.20% |
| 2019-03-31 | 21.68% |
| 2018-12-31 | 24.19% |
| 2018-09-30 | 22.09% |
| 2018-06-30 | 22.55% |
| 2018-03-31 | 22.55% |
| 2017-12-31 | 24.53% |
| 2017-09-30 | 22.43% |
| 2017-06-30 | 23.20% |
| 2017-03-31 | 22.33% |
| 2016-12-31 | 31.92% |
| 2016-09-30 | 29.92% |
| 2016-06-30 | 30.28% |
| 2016-03-31 | 29.27% |
| 2015-12-31 | 32.11% |
| 2015-09-30 | 34.61% |
| 2015-06-30 | 37.75% |
| 2015-03-31 | 37.11% |
| 2014-12-31 | 38.78% |
| 2014-09-30 | 37.19% |
| 2014-06-30 | 38.19% |
| 2014-03-31 | 37.58% |
| 2013-12-31 | 42.83% |
| 2013-09-30 | 40.46% |
| 2013-06-30 | 41.51% |
| 2013-03-31 | 41.61% |
| 2012-12-31 | 43.24% |
| 2012-09-30 | 41.67% |
| 2012-06-30 | 43.28% |
| 2012-03-31 | 41.66% |
| 2011-12-31 | 42.79% |
| 2011-09-30 | 41.70% |
| 2011-06-30 | 40.95% |
| 2011-03-31 | 39.77% |
| 2010-12-31 | 43.63% |
| 2010-09-30 | 41.92% |
| 2010-06-30 | 42.09% |
| 2010-03-31 | 40.03% |
| 2009-12-31 | 44.38% |
| 2009-09-30 | 40.73% |
| 2009-06-30 | 40.69% |
| 2009-03-31 | 37.85% |
| 2008-12-31 | 43.14% |
| 2008-09-30 | 41.88% |
| 2008-06-30 | 43.93% |
| 2008-03-31 | 42.77% |
| 2007-12-31 | 47.33% |
| 2007-09-30 | 46.96% |
| 2007-06-30 | 46.89% |
| 2007-03-31 | 46.48% |
| 2006-12-31 | 44.13% |
| 2006-09-30 | 49.44% |
| 2006-06-30 | 50.67% |
| 2006-03-31 | 49.94% |
| 2005-12-31 | 49.54% |
| 2005-09-30 | 48.81% |
| 2005-06-30 | 49.61% |
| 2005-03-31 | 50.20% |
| 2004-12-31 | 49.11% |
| 2004-09-30 | 47.70% |
| 2004-06-30 | 50.52% |
| 2004-03-31 | 49.16% |
| 2003-12-31 | 49.85% |
| 2003-09-30 | 50.82% |
| 2003-06-30 | 52.42% |
| 2003-03-31 | 53.13% |
| 2002-12-31 | 100.00% |
| 2002-09-30 | 100.00% |
