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 5.03% is 15% below its 3-year average of 5.89%, around the middle of its 3-year range (-46.58%–52.35%).
15.06% above its 12-month average of 4.37%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 3.97%.
OPERATING MARGIN
5.03%
OPERATING MARGIN AVG TTM
4.37%
OPERATING MARGIN AVG 3Y
5.49%
OPERATING MARGIN AVG 5Y
N/A
OPERATING MARGIN AVG 10Y
N/A
OPERATING MARGIN AVG 15Y
N/A
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+15.06%
CURRENT VS 3Y AVG
-8.33%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · REAL ESTATE
26.88%
median of 45 covered companies
CURRENT VS SECTOR MEDIAN
-81.29%
vs the sector median at left
Market Cap
$7.91B
Operating Margin
41.59%
TTM Avg
41.50%
3Y Avg
40.62%
5Y Avg
40.74%
Market Cap
$7.93B
Operating Margin
48.35%
TTM Avg
48.18%
3Y Avg
48.61%
5Y Avg
50.68%
Market Cap
$8.26B
Operating Margin
-45.72%
TTM Avg
-7.62%
3Y Avg
8.22%
5Y Avg
20.35%
Market Cap
$8.43B
Operating Margin
39.57%
TTM Avg
53.35%
3Y Avg
60.04%
5Y Avg
61.70%
Market Cap
$6.88B
Operating Margin
41.42%
TTM Avg
39.54%
3Y Avg
40.06%
5Y Avg
43.51%
Market Cap
$9.25B
Operating Margin
34.49%
TTM Avg
37.61%
3Y Avg
40.03%
5Y Avg
39.38%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Lineage, Inc. (LINE) | $7.85B | 5.03% | 4.37% | 5.49% | N/A |
| First Industrial Realty Trust, Inc. (FR)vs › | $7.91B | 41.59% | 41.50% | 40.62% | 40.74% |
| NNN REIT, Inc. (NNN)vs › | $7.78B | 62.03% | 64.00% | 64.37% | 62.66% |
| Agree Realty Corporation (ADC)vs › | $7.93B | 48.35% | 48.18% | 48.61% | 50.68% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.26B | -45.72% | -7.62% | 8.22% | 20.35% |
| Rexford Industrial Realty, Inc. (REXR)vs › | $8.43B | 39.57% | 53.35% | 60.04% | 61.70% |
| CubeSmart (CUBE)vs › | $8.54B | 39.85% | 42.64% | 41.85% | 43.95% |
| Terreno Realty Corporation (TRNO)vs › | $6.88B | 41.42% | 39.54% | 40.06% | 43.51% |
| Federal Realty Investment Trust (FRT)vs › | $9.25B | 34.49% | 37.61% | 40.03% | 39.38% |
| Camden Property Trust (CPT)vs › | $9.64B | 17.82% | 18.80% | 19.25% | 19.49% |
Gross Margin
11.0%
Operating Margin
5.0%
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 | 3.97% |
| 2026-03-31 | 3.32% |
| 2025-12-31 | 10.33% |
| 2025-09-30 | 2.54% |
| 2025-06-30 | 1.70% |
| 2025-03-31 | 4.33% |
| 2024-12-31 | 52.35% |
| 2024-09-30 | -38.58% |
| 2024-06-30 | 5.53% |
| 2024-03-31 | 7.61% |
| 2023-12-31 | -46.58% |
| 2023-09-30 | 7.30% |
| 2023-06-30 | 8.25% |
| 2023-03-31 | 9.90% |
