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 17.31% is 74% below its 5-year average of 66.03%, near the low end of its 5-year range (10.12%–78.02%).
As of the fiscal period ended Tuesday, June 30, 2026. 55.01% below its 12-month average of 38.49%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
17.31%
GROSS MARGIN AVG TTM
38.49%
GROSS MARGIN AVG 3Y
60.95%
GROSS MARGIN AVG 5Y
74.43%
GROSS MARGIN AVG 10Y
73.46%
GROSS MARGIN AVG 15Y
72.19%
GROSS MARGIN AVG 20Y
72.02%
CURRENT VS TTM AVG
-55.01%
CURRENT VS 3Y AVG
-71.59%
CURRENT VS 5Y AVG
-76.74%
CURRENT VS 10Y AVG
-76.43%
CURRENT VS 15Y AVG
-76.01%
CURRENT VS 20Y AVG
-75.96%
SECTOR MEDIAN · REAL ESTATE
40.59%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-57.35%
vs the sector median at left
Market Cap
$77.65B
Gross Margin
73.37%
TTM Avg
74.13%
3Y Avg
74.01%
5Y Avg
73.28%
Market Cap
$74.51B
Gross Margin
85.24%
TTM Avg
84.11%
3Y Avg
82.78%
5Y Avg
82.15%
Market Cap
$73.65B
Gross Margin
55.39%
TTM Avg
55.02%
3Y Avg
54.90%
5Y Avg
56.77%
Market Cap
$61.17B
Gross Margin
89.80%
TTM Avg
91.32%
3Y Avg
92.03%
5Y Avg
92.56%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Prologis, Inc. (PLD) | $137.61B | 17.31% | 38.49% | 60.95% | 74.43% |
| Equinix, Inc. (EQIX)vs › | $106.93B | 51.26% | 50.13% | 49.24% | 48.90% |
| Welltower Inc. (WELL)vs › | $177.94B | 38.87% | 38.84% | 38.78% | 39.93% |
| American Tower Corporation (AMT)vs › | $77.65B | 73.37% | 74.13% | 74.01% | 73.28% |
| Simon Property Group, Inc. (SPG)vs › | $74.51B | 85.24% | 84.11% | 82.78% | 82.15% |
| Digital Realty Trust, Inc. (DLR)vs › | $73.65B | 55.39% | 55.02% | 54.90% | 56.77% |
| Realty Income Corporation (O)vs › | $61.17B | 89.80% | 91.32% | 92.03% | 92.56% |
| Public Storage (PSA)vs › | $56.62B | 24.96% | 49.08% | 61.90% | 65.14% |
| Ventas, Inc. (VTR)vs › | $48.87B | -4.26% | 18.35% | 31.12% | 36.46% |
| CBRE Group, Inc. (CBRE)vs › | $40.84B | 14.97% | 17.30% | 18.95% | 19.71% |
Gross Margin
17.3%
(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 | 17.31% |
| 2026-03-31 | 10.12% |
| 2025-12-31 | 44.62% |
| 2025-09-30 | 45.71% |
| 2025-06-30 | 74.68% |
| 2025-03-31 | 74.34% |
| 2024-12-31 | 76.39% |
| 2024-09-30 | 76.00% |
| 2024-06-30 | 74.31% |
| 2024-03-31 | 72.76% |
| 2023-12-31 | 74.22% |
| 2023-09-30 | 73.88% |
| 2023-06-30 | 78.02% |
| 2023-03-31 | 72.62% |
| 2022-12-31 | 74.95% |
| 2022-09-30 | 76.28% |
| 2022-06-30 | 73.84% |
| 2022-03-31 | 73.14% |
| 2021-12-31 | 74.80% |
| 2021-09-30 | 73.88% |
| 2021-06-30 | 74.78% |
| 2021-03-31 | 71.49% |
| 2020-12-31 | 73.82% |
| 2020-09-30 | 73.10% |
| 2020-06-30 | 75.23% |
| 2020-03-31 | 71.97% |
| 2019-12-31 | 72.13% |
| 2019-09-30 | 74.07% |
| 2019-06-30 | 72.37% |
| 2019-03-31 | 70.71% |
| 2018-12-31 | 72.72% |
| 2018-09-30 | 73.25% |
| 2018-06-30 | 72.93% |
| 2018-03-31 | 73.07% |
| 2017-12-31 | 71.66% |
| 2017-09-30 | 72.68% |
| 2017-06-30 | 73.93% |
| 2017-03-31 | 70.68% |
| 2016-12-31 | 72.30% |
| 2016-09-30 | 73.72% |
| 2016-06-30 | 72.00% |
| 2016-03-31 | 71.65% |
| 2015-12-31 | 72.48% |
| 2015-09-30 | 71.27% |
| 2015-06-30 | 70.46% |
| 2015-03-31 | 67.10% |
| 2014-12-31 | 71.07% |
| 2014-09-30 | 69.95% |
| 2014-06-30 | 70.13% |
| 2014-03-31 | 69.02% |
| 2013-12-31 | 70.96% |
| 2013-09-30 | 68.39% |
| 2013-06-30 | 65.76% |
| 2013-03-31 | 67.20% |
| 2012-12-31 | 71.92% |
| 2012-09-30 | 69.77% |
| 2012-06-30 | 69.17% |
| 2012-03-31 | 68.75% |
| 2011-12-31 | 71.67% |
| 2011-09-30 | 66.24% |
| 2011-06-30 | 69.10% |
| 2011-03-31 | 95.73% |
| 2010-12-31 | 71.90% |
| 2010-09-30 | 102.24% |
| 2010-06-30 | 97.80% |
| 2010-03-31 | 67.09% |
| 2009-12-31 | 69.49% |
| 2009-09-30 | 68.82% |
| 2009-06-30 | 71.67% |
| 2009-03-31 | 68.89% |
| 2008-12-31 | 72.28% |
| 2008-09-30 | 70.95% |
| 2008-06-30 | 74.69% |
| 2008-03-31 | 71.88% |
| 2007-12-31 | 0.00% |
| 2007-09-30 | 73.78% |
| 2007-06-30 | 72.82% |
| 2007-03-31 | 83.02% |
| 2006-12-31 | 0.00% |
| 2006-09-30 | 0.00% |
| 2006-06-30 | 0.00% |
| 2006-03-31 | 0.00% |
| 2005-12-31 | 0.00% |
| 2005-09-30 | 0.00% |
| 2005-06-30 | 0.00% |
| 2005-03-31 | 0.00% |
| 2004-12-31 | 0.00% |
| 2004-09-30 | 0.00% |
| 2004-06-30 | 0.00% |
| 2004-03-31 | 0.00% |
| 2003-12-31 | 0.00% |
| 2003-09-30 | 0.00% |
| 2003-06-03 | 0.00% |
| 2003-03-31 | 0.00% |
| 2002-12-31 | 0.00% |
| 2002-09-30 | 0.00% |
