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 100.00% is 63% above its 5-year average of 61.29%, near the high end of its 5-year range (-90.46%–100.00%).
As of the fiscal period ended Tuesday, June 30, 2026. 240.01% above its 12-month average of 29.41%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
100.00%
GROSS MARGIN AVG TTM
29.41%
GROSS MARGIN AVG 3Y
66.12%
GROSS MARGIN AVG 5Y
70.20%
GROSS MARGIN AVG 10Y
68.68%
GROSS MARGIN AVG 15Y
66.69%
GROSS MARGIN AVG 20Y
65.35%
CURRENT VS TTM AVG
+240.01%
CURRENT VS 3Y AVG
+51.24%
CURRENT VS 5Y AVG
+42.45%
CURRENT VS 10Y AVG
+45.60%
CURRENT VS 15Y AVG
+49.95%
CURRENT VS 20Y AVG
+53.01%
SECTOR MEDIAN · REAL ESTATE
40.22%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+148.66%
vs the sector median at left
Market Cap
$9.08B
Gross Margin
87.73%
TTM Avg
87.80%
3Y Avg
87.76%
5Y Avg
87.69%
Market Cap
$8.67B
Gross Margin
68.02%
TTM Avg
69.56%
3Y Avg
69.63%
5Y Avg
70.15%
Market Cap
$10.25B
Gross Margin
9.73%
TTM Avg
38.58%
3Y Avg
52.97%
5Y Avg
57.31%
Market Cap
$8.44B
Gross Margin
22.60%
TTM Avg
47.65%
3Y Avg
60.43%
5Y Avg
64.59%
Market Cap
$11.25B
Gross Margin
61.41%
TTM Avg
61.30%
3Y Avg
61.88%
5Y Avg
61.30%
Market Cap
$7.31B
Gross Margin
75.84%
TTM Avg
75.10%
3Y Avg
75.20%
5Y Avg
74.87%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CubeSmart (CUBE) | $9.46B | 100.00% | 29.41% | 66.12% | 70.20% |
| Agree Realty Corporation (ADC)vs › | $9.08B | 87.73% | 87.80% | 87.76% | 87.69% |
| NNN REIT, Inc. (NNN)vs › | $8.91B | 38.00% | 67.14% | 81.86% | 86.54% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.67B | 68.02% | 69.56% | 69.63% | 70.15% |
| Federal Realty Investment Trust (FRT)vs › | $10.25B | 9.73% | 38.58% | 52.97% | 57.31% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.44B | 22.60% | 47.65% | 60.43% | 64.59% |
| BXP, Inc. (BXP)vs › | $11.12B | 60.56% | 60.88% | 62.02% | 62.51% |
| Camden Property Trust (CPT)vs › | $11.25B | 61.41% | 61.30% | 61.88% | 61.30% |
| Terreno Realty Corporation (TRNO)vs › | $7.31B | 75.84% | 75.10% | 75.20% | 74.87% |
| CoStar Group, Inc. (CSGP)vs › | $12.25B | 76.48% | 77.41% | 78.96% | 79.81% |
Gross Margin
100.0%
(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 | 100.00% |
| 2026-03-31 | 24.47% |
| 2025-12-31 | -90.46% |
| 2025-09-30 | 68.13% |
| 2025-06-30 | 44.91% |
| 2025-03-31 | 69.63% |
| 2024-12-31 | 71.71% |
| 2024-09-30 | 69.78% |
| 2024-06-30 | 68.79% |
| 2024-03-31 | 51.13% |
| 2023-12-31 | 82.46% |
| 2023-09-30 | 71.05% |
| 2023-06-30 | 71.40% |
| 2023-03-31 | 72.36% |
| 2022-12-31 | 80.90% |
| 2022-09-30 | 70.74% |
| 2022-06-30 | 70.53% |
| 2022-03-31 | 70.46% |
| 2021-12-31 | 81.10% |
| 2021-09-30 | 69.98% |
| 2021-06-30 | 68.08% |
| 2021-03-31 | 67.65% |
| 2020-12-31 | 78.49% |
| 2020-09-30 | 66.89% |
| 2020-06-30 | 66.18% |
| 2020-03-31 | 66.03% |
| 2019-12-31 | 73.90% |
| 2019-09-30 | 67.90% |
| 2019-06-30 | 68.48% |
| 2019-03-31 | 66.35% |
| 2018-12-31 | 67.62% |
| 2018-09-30 | 68.21% |
| 2018-06-30 | 66.49% |
| 2018-03-31 | 65.88% |
| 2017-12-31 | 68.87% |
| 2017-09-30 | 67.22% |
| 2017-06-30 | 67.65% |
| 2017-03-31 | 66.27% |
| 2016-12-31 | 68.15% |
| 2016-09-30 | 68.35% |
| 2016-06-30 | 67.12% |
| 2016-03-31 | 66.17% |
| 2015-12-31 | 66.75% |
| 2015-09-30 | 66.11% |
| 2015-06-30 | 65.22% |
| 2015-03-31 | 63.90% |
| 2014-12-31 | 65.38% |
| 2014-09-30 | 65.37% |
| 2014-06-30 | 65.26% |
| 2014-03-31 | 63.00% |
| 2013-12-31 | 63.06% |
| 2013-09-30 | 63.66% |
| 2013-06-30 | 63.60% |
| 2013-03-31 | 60.72% |
| 2012-12-31 | 62.77% |
| 2012-09-30 | 60.62% |
| 2012-06-30 | 60.12% |
| 2012-03-31 | 59.40% |
| 2011-12-31 | 60.55% |
| 2011-09-30 | 58.74% |
| 2011-06-30 | 57.77% |
| 2011-03-31 | 55.49% |
| 2010-12-31 | 58.24% |
| 2010-09-30 | 56.85% |
| 2010-06-30 | 55.40% |
| 2010-03-31 | 56.76% |
| 2009-12-31 | 58.15% |
| 2009-09-30 | 57.80% |
| 2009-06-30 | 54.39% |
| 2009-03-31 | 59.06% |
| 2008-12-31 | 56.57% |
| 2008-09-30 | 59.25% |
| 2008-06-30 | 58.98% |
| 2008-03-31 | 57.73% |
| 2007-12-31 | 386.26% |
| 2007-09-30 | 99.99% |
| 2007-06-30 | 99.98% |
| 2007-03-31 | 99.93% |
| 2006-12-31 | 384.74% |
| 2006-09-30 | 99.97% |
| 2006-06-30 | 99.98% |
| 2006-03-31 | 99.96% |
| 2005-12-31 | 341.83% |
| 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% |
