Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 34.49% is in line with its 5-year average of 34.90%, near the low end of its 5-year range (33.49%–70.11%).
15.06% below its 12-month average of 40.60%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 35.16%.
OPERATING MARGIN
34.49%
OPERATING MARGIN AVG TTM
40.60%
OPERATING MARGIN AVG 3Y
35.07%
OPERATING MARGIN AVG 5Y
34.90%
OPERATING MARGIN AVG 10Y
37.02%
OPERATING MARGIN AVG 15Y
38.32%
OPERATING MARGIN AVG 20Y
39.70%
CURRENT VS TTM AVG
-15.06%
CURRENT VS 3Y AVG
-1.64%
CURRENT VS 5Y AVG
-1.18%
CURRENT VS 10Y AVG
-6.84%
CURRENT VS 15Y AVG
-10.00%
CURRENT VS 20Y AVG
-13.12%
SECTOR MEDIAN · REAL ESTATE
29.30%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+17.69%
vs the sector median at left
Federal Realty Investment Trust
Market Cap
$9.65B
Operating Margin
34.49%
TTM Avg
40.60%
3Y Avg
35.07%
5Y Avg
34.90%
Market Cap
$9.82B
Operating Margin
-45.72%
TTM Avg
-7.62%
3Y Avg
8.22%
5Y Avg
20.35%
Market Cap
$10.15B
Operating Margin
17.82%
TTM Avg
18.80%
3Y Avg
19.25%
5Y Avg
19.49%
Market Cap
$8.27B
Operating Margin
41.59%
TTM Avg
41.50%
3Y Avg
40.62%
5Y Avg
40.74%
Market Cap
$8.19B
Operating Margin
48.35%
TTM Avg
48.18%
3Y Avg
48.61%
5Y Avg
50.68%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Federal Realty Investment Trust (FRT) | $9.65B | 34.49% | 40.60% | 35.07% | 34.90% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $9.82B | -45.72% | -7.62% | 8.22% | 20.35% |
| Camden Property Trust (CPT)vs › | $10.15B | 17.82% | 18.80% | 19.25% | 19.49% |
| BXP, Inc. (BXP)vs › | $10.20B | 55.71% | 42.85% | 37.89% | 36.34% |
| CubeSmart (CUBE)vs › | $9.10B | 39.85% | 42.64% | 41.85% | 43.95% |
| UDR, Inc. (UDR)vs › | $10.99B | 18.83% | 17.92% | 22.85% | 22.04% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.27B | 41.59% | 41.50% | 40.62% | 40.74% |
| Agree Realty Corporation (ADC)vs › | $8.19B | 48.35% | 48.18% | 48.61% | 50.68% |
| NNN REIT, Inc. (NNN)vs › | $7.93B | 62.03% | 64.00% | 64.37% | 62.66% |
| CoStar Group, Inc. (CSGP)vs › | $11.87B | 2.18% | -1.03% | 7.53% | 11.63% |
Gross Margin
9.7%
Operating Margin
34.5%
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 | 35.16% |
| 2026-03-31 | 34.09% |
| 2025-12-31 | 34.41% |
| 2025-09-30 | 34.28% |
| 2025-06-30 | 65.08% |
| 2025-03-31 | 34.98% |
| 2024-12-31 | 35.10% |
| 2024-09-30 | 34.86% |
| 2024-06-30 | 53.03% |
| 2024-03-31 | 34.39% |
| 2023-12-31 | 37.28% |
| 2023-09-30 | 34.92% |
| 2023-06-30 | 36.27% |
| 2023-03-31 | 35.09% |
| 2022-12-31 | 55.38% |
| 2022-09-30 | 70.11% |
| 2022-06-30 | 35.44% |
| 2022-03-31 | 33.49% |
| 2021-12-31 | 58.03% |
| 2021-09-30 | 34.61% |
| 2021-06-30 | 34.05% |
| 2021-03-31 | 37.95% |
| 2020-12-31 | 69.15% |
| 2020-09-30 | 1.77% |
| 2020-06-30 | 27.40% |
| 2020-03-31 | 37.03% |
| 2019-12-31 | 73.69% |
| 2019-09-30 | 40.19% |
| 2019-06-30 | 47.55% |
| 2019-03-31 | 39.23% |
| 2018-12-31 | 35.41% |
| 2018-09-30 | 40.68% |
| 2018-06-30 | 41.74% |
| 2018-03-31 | 39.69% |
| 2017-12-31 | 37.13% |
| 2017-09-30 | 38.77% |
| 2017-06-30 | 39.94% |
| 2017-03-31 | 39.32% |
| 2016-12-31 | 40.90% |
| 2016-09-30 | 40.00% |
| 2016-06-30 | 40.48% |
| 2016-03-31 | 38.78% |
| 2015-12-31 | 39.43% |
| 2015-09-30 | 40.98% |
| 2015-06-30 | 41.99% |
| 2015-03-31 | 39.03% |
| 2014-12-31 | 40.60% |
| 2014-09-30 | 39.56% |
| 2014-06-30 | 40.70% |
| 2014-03-31 | 37.14% |
| 2013-12-31 | 38.74% |
| 2013-09-30 | 40.68% |
| 2013-06-30 | 40.34% |
| 2013-03-31 | 39.77% |
| 2012-12-31 | 42.09% |
| 2012-09-30 | 42.45% |
| 2012-06-30 | 41.87% |
| 2012-03-31 | 41.39% |
| 2011-12-31 | 40.46% |
| 2011-09-30 | 41.23% |
| 2011-06-30 | 42.07% |
| 2011-03-31 | 40.95% |
| 2010-12-31 | 42.81% |
| 2010-09-30 | 41.89% |
| 2010-06-30 | 41.92% |
| 2010-03-31 | 42.64% |
| 2009-12-31 | 45.69% |
| 2009-09-30 | 44.01% |
| 2009-06-30 | 42.51% |
| 2009-03-31 | 26.07% |
| 2008-12-31 | 40.35% |
| 2008-09-30 | 42.10% |
| 2008-06-30 | 41.58% |
| 2008-03-31 | 43.04% |
| 2007-12-31 | 41.41% |
| 2007-09-30 | 43.78% |
| 2007-06-30 | 44.24% |
| 2007-03-31 | 43.27% |
| 2006-12-31 | 43.36% |
| 2006-09-30 | 44.46% |
| 2006-06-30 | 44.76% |
| 2006-03-31 | 43.70% |
| 2005-12-31 | 44.10% |
| 2005-09-30 | 43.53% |
| 2005-06-30 | 44.25% |
| 2005-03-31 | 41.66% |
| 2004-12-31 | 38.56% |
| 2004-09-30 | 39.20% |
| 2004-06-30 | 40.23% |
| 2004-03-31 | 41.14% |
| 2003-12-31 | 44.32% |
| 2003-09-30 | 42.23% |
| 2003-06-30 | 42.00% |
| 2003-03-31 | 41.01% |
| 2002-12-31 | -119.49% |
| 2002-09-30 | 42.36% |
