Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 89.80% is in line with its 5-year average of 92.93%, near the high end of its 5-year range (11.06%–93.95%).
21.20% above its 12-month average of 74.09%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
89.80%
GROSS MARGIN AVG TTM
74.09%
GROSS MARGIN AVG 3Y
92.64%
GROSS MARGIN AVG 5Y
92.93%
GROSS MARGIN AVG 10Y
93.54%
GROSS MARGIN AVG 15Y
93.80%
GROSS MARGIN AVG 20Y
95.36%
CURRENT VS TTM AVG
+21.20%
CURRENT VS 3Y AVG
-3.07%
CURRENT VS 5Y AVG
-3.37%
CURRENT VS 10Y AVG
-4.00%
CURRENT VS 15Y AVG
-4.27%
CURRENT VS 20Y AVG
-5.84%
SECTOR MEDIAN · REAL ESTATE
38.82%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
+131.32%
vs the sector median at left
Realty Income Corporation
Market Cap
$56.90B
Gross Margin
89.80%
TTM Avg
74.09%
3Y Avg
92.64%
5Y Avg
92.93%
Market Cap
$68.71B
Gross Margin
84.11%
TTM Avg
84.11%
3Y Avg
82.78%
5Y Avg
82.15%
Market Cap
$70.11B
Gross Margin
55.39%
TTM Avg
55.02%
3Y Avg
54.90%
5Y Avg
56.77%
Market Cap
$34.54B
Gross Margin
25.69%
TTM Avg
40.92%
3Y Avg
48.98%
5Y Avg
51.92%
Market Cap
$81.88B
Gross Margin
73.19%
TTM Avg
74.13%
3Y Avg
74.01%
5Y Avg
73.28%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Realty Income Corporation (O) | $56.90B | 89.80% | 74.09% | 92.64% | 92.93% |
| Public Storage (PSA)vs › | $56.24B | 24.96% | 49.08% | 61.90% | 65.14% |
| Simon Property Group, Inc. (SPG)vs › | $68.71B | 84.11% | 84.11% | 82.78% | 82.15% |
| Ventas, Inc. (VTR)vs › | $43.71B | -2.58% | 18.35% | 31.12% | 36.46% |
| Digital Realty Trust, Inc. (DLR)vs › | $70.11B | 55.39% | 55.02% | 54.90% | 56.77% |
| CBRE Group, Inc. (CBRE)vs › | $41.19B | 17.66% | 17.30% | 18.95% | 19.71% |
| Iron Mountain Incorporated (IRM)vs › | $34.54B | 25.69% | 40.92% | 48.98% | 51.92% |
| Crown Castle Inc. (CCI)vs › | $33.20B | 63.19% | 68.97% | 70.00% | 69.14% |
| American Tower Corporation (AMT)vs › | $81.88B | 73.19% | 74.13% | 74.01% | 73.28% |
| Extra Space Storage Inc. (EXR)vs › | $29.40B | 23.00% | 52.37% | 65.12% | 68.48% |
Gross Margin
89.8%
(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 | 92.12% |
| 2026-03-31 | 11.06% |
| 2025-12-31 | 82.14% |
| 2025-09-30 | 92.75% |
| 2025-06-30 | 92.38% |
| 2025-03-31 | 92.27% |
| 2024-12-31 | 92.81% |
| 2024-09-30 | 93.08% |
| 2024-06-30 | 92.55% |
| 2024-03-31 | 92.91% |
| 2023-12-31 | 92.39% |
| 2023-09-30 | 93.17% |
| 2023-06-30 | 90.71% |
| 2023-03-31 | 92.65% |
| 2022-12-31 | 92.23% |
| 2022-09-30 | 93.70% |
| 2022-06-30 | 93.56% |
| 2022-03-31 | 93.52% |
| 2021-12-31 | 93.59% |
| 2021-09-30 | 93.95% |
| 2021-06-30 | 93.15% |
| 2021-03-31 | 93.56% |
| 2020-12-31 | 93.51% |
| 2020-09-30 | 93.72% |
| 2020-06-30 | 93.62% |
| 2020-03-31 | 93.82% |
| 2019-12-31 | 93.65% |
| 2019-09-30 | 94.56% |
| 2019-06-30 | 94.16% |
| 2019-03-31 | 93.89% |
| 2018-12-31 | 94.82% |
| 2018-09-30 | 95.32% |
| 2018-06-30 | 95.06% |
| 2018-03-31 | 94.80% |
| 2017-12-31 | 94.64% |
| 2017-09-30 | 94.37% |
| 2017-06-30 | 94.51% |
| 2017-03-31 | 93.60% |
| 2016-12-31 | 93.95% |
| 2016-09-30 | 94.34% |
| 2016-06-30 | 94.59% |
| 2016-03-31 | 94.35% |
| 2015-12-31 | 95.11% |
| 2015-09-30 | 94.77% |
| 2015-06-30 | 94.12% |
| 2015-03-31 | 94.34% |
| 2014-12-31 | 91.76% |
| 2014-09-30 | 94.58% |
| 2014-06-30 | 95.57% |
| 2014-03-31 | 95.23% |
| 2013-12-31 | 88.55% |
| 2013-09-30 | 95.81% |
| 2013-06-30 | 95.84% |
| 2013-03-31 | 94.55% |
| 2012-12-31 | 99.39% |
| 2012-09-30 | 98.69% |
| 2012-06-30 | 98.46% |
| 2012-03-31 | 98.08% |
| 2011-12-31 | 97.94% |
| 2011-09-30 | 98.44% |
| 2011-06-30 | 98.43% |
| 2011-03-31 | 98.25% |
| 2010-12-31 | 97.85% |
| 2010-09-30 | 97.99% |
| 2010-06-30 | 98.00% |
| 2010-03-31 | 97.61% |
| 2009-12-31 | 91.51% |
| 2009-09-30 | 98.19% |
| 2009-06-30 | 97.80% |
| 2009-03-31 | 97.41% |
| 2008-12-31 | 100.00% |
| 2008-09-30 | 100.00% |
| 2008-06-30 | 98.68% |
| 2008-03-31 | 98.53% |
| 2007-12-31 | 100.00% |
| 2007-09-30 | 100.00% |
| 2007-06-30 | 100.00% |
| 2007-03-31 | 100.00% |
| 2006-12-31 | 100.00% |
| 2006-09-30 | 100.00% |
| 2006-06-30 | 100.00% |
| 2006-03-31 | 100.00% |
| 2005-12-31 | 100.00% |
| 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% |
| 2003-06-30 | 100.00% |
| 2003-03-31 | 100.00% |
| 2002-12-31 | 100.00% |
| 2002-09-30 | 100.00% |
