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 18.83% is in line with its 5-year average of 17.78%, near the low end of its 5-year range (10.06%–98.01%).
28.36% below its 12-month average of 26.28%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 21.73%.
OPERATING MARGIN
18.83%
OPERATING MARGIN AVG TTM
26.28%
OPERATING MARGIN AVG 3Y
19.67%
OPERATING MARGIN AVG 5Y
17.78%
OPERATING MARGIN AVG 10Y
18.76%
OPERATING MARGIN AVG 15Y
17.36%
OPERATING MARGIN AVG 20Y
9.69%
CURRENT VS TTM AVG
-28.36%
CURRENT VS 3Y AVG
-4.27%
CURRENT VS 5Y AVG
+5.90%
CURRENT VS 10Y AVG
+0.36%
CURRENT VS 15Y AVG
+8.46%
CURRENT VS 20Y AVG
+94.35%
SECTOR MEDIAN · REAL ESTATE
29.30%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-35.74%
vs the sector median at left
Market Cap
$10.40B
Operating Margin
17.82%
TTM Avg
18.80%
3Y Avg
19.25%
5Y Avg
19.49%
Market Cap
$12.53B
Operating Margin
2.18%
TTM Avg
-1.03%
3Y Avg
7.53%
5Y Avg
11.63%
Market Cap
$9.86B
Operating Margin
34.49%
TTM Avg
37.61%
3Y Avg
40.03%
5Y Avg
39.38%
Market Cap
$9.08B
Operating Margin
-45.72%
TTM Avg
-7.62%
3Y Avg
8.22%
5Y Avg
20.35%
Market Cap
$13.54B
Operating Margin
40.33%
TTM Avg
50.73%
3Y Avg
58.00%
5Y Avg
60.23%
Market Cap
$13.98B
Operating Margin
17.61%
TTM Avg
18.37%
3Y Avg
18.48%
5Y Avg
17.49%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| UDR, Inc. (UDR) | $11.22B | 18.83% | 26.28% | 19.67% | 17.78% |
| Camden Property Trust (CPT)vs › | $10.40B | 17.82% | 18.80% | 19.25% | 19.49% |
| BXP, Inc. (BXP)vs › | $10.30B | 55.71% | 42.85% | 37.89% | 36.34% |
| CoStar Group, Inc. (CSGP)vs › | $12.53B | 2.18% | -1.03% | 7.53% | 11.63% |
| Federal Realty Investment Trust (FRT)vs › | $9.86B | 34.49% | 37.61% | 40.03% | 39.38% |
| CubeSmart (CUBE)vs › | $9.07B | 39.85% | 42.64% | 41.85% | 43.95% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $9.08B | -45.72% | -7.62% | 8.22% | 20.35% |
| Regency Centers Corporation (REG)vs › | $13.54B | 40.33% | 50.73% | 58.00% | 60.23% |
| Healthpeak Properties, Inc. (DOC)vs › | $13.98B | 17.61% | 18.37% | 18.48% | 17.49% |
| Agree Realty Corporation (ADC)vs › | $8.47B | 48.35% | 48.18% | 48.61% | 50.68% |
Gross Margin
25.6%
Operating Margin
18.8%
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 | 21.73% |
| 2026-03-31 | 53.96% |
| 2025-12-31 | 19.84% |
| 2025-09-30 | 17.68% |
| 2025-06-30 | 18.19% |
| 2025-03-31 | 28.96% |
| 2024-12-31 | 15.68% |
| 2024-09-30 | 16.63% |
| 2024-06-30 | 16.53% |
| 2024-03-31 | 19.28% |
| 2023-12-31 | 22.81% |
| 2023-09-30 | 19.04% |
| 2023-06-30 | 98.01% |
| 2023-03-31 | 16.56% |
| 2022-12-31 | 22.34% |
| 2022-09-30 | 16.08% |
| 2022-06-30 | 13.74% |
| 2022-03-31 | 13.40% |
| 2021-12-31 | 35.59% |
| 2021-09-30 | 10.06% |
| 2021-06-30 | 11.49% |
| 2021-03-31 | 24.90% |
| 2020-12-31 | 29.19% |
| 2020-09-30 | 9.71% |
| 2020-06-30 | 29.87% |
| 2020-03-31 | 12.12% |
| 2019-12-31 | 14.69% |
| 2019-09-30 | 19.92% |
| 2019-06-30 | 23.08% |
| 2019-03-31 | 19.39% |
| 2018-12-31 | 73.42% |
| 2018-09-30 | 20.67% |
| 2018-06-30 | 21.24% |
| 2018-03-31 | 46.71% |
| 2017-12-31 | 18.70% |
| 2017-09-30 | 18.12% |
| 2017-06-30 | 18.63% |
| 2017-03-31 | 18.66% |
| 2016-12-31 | 20.20% |
| 2016-09-30 | 18.81% |
| 2016-06-30 | 17.45% |
| 2016-03-31 | 16.24% |
| 2015-12-31 | 14.65% |
| 2015-09-30 | 18.16% |
| 2015-06-30 | 18.21% |
| 2015-03-31 | 20.60% |
| 2014-12-31 | 16.37% |
| 2014-09-30 | 16.00% |
| 2014-06-30 | 16.13% |
| 2014-03-31 | 13.39% |
| 2013-12-31 | 10.97% |
| 2013-09-30 | 17.58% |
| 2013-06-30 | 16.19% |
| 2013-03-31 | 16.03% |
| 2012-12-31 | -6.43% |
| 2012-09-30 | 10.71% |
| 2012-06-30 | 9.72% |
| 2012-03-31 | 8.91% |
| 2011-12-31 | -16.89% |
| 2011-09-30 | -16.79% |
| 2011-06-30 | -21.36% |
| 2011-03-31 | -22.14% |
| 2010-12-31 | -15.97% |
| 2010-09-30 | -18.25% |
| 2010-06-30 | -18.37% |
| 2010-03-31 | -18.11% |
| 2009-12-31 | -16.25% |
| 2009-09-30 | -15.73% |
| 2009-06-30 | -8.98% |
| 2009-03-31 | -8.02% |
| 2008-12-31 | -13.80% |
| 2008-09-30 | -10.19% |
| 2008-06-30 | -11.13% |
| 2008-03-31 | -11.65% |
| 2007-12-31 | 214.92% |
| 2007-09-30 | -9.74% |
| 2007-06-30 | -10.72% |
| 2007-03-31 | -11.27% |
| 2006-12-31 | -5.33% |
| 2006-09-30 | -4.46% |
| 2006-06-30 | -4.21% |
| 2006-03-31 | -4.29% |
| 2005-12-31 | 2.31% |
| 2005-09-30 | -0.85% |
| 2005-06-30 | 1.09% |
| 2005-03-31 | 2.86% |
| 2004-12-31 | 24.89% |
| 2004-09-30 | 2.35% |
| 2004-06-30 | 7.11% |
| 2004-03-31 | 6.91% |
| 2003-12-31 | 26.89% |
| 2003-09-30 | 26.44% |
| 2003-06-30 | 29.85% |
| 2003-03-31 | 29.07% |
| 2002-12-31 | 30.25% |
| 2002-09-30 | 30.45% |
