Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 4.92% is 40% above its 5-year average of 3.50%, near the high end of its 5-year range (2.19%–5.98%).
As of the fiscal period ended Tuesday, June 30, 2026. 26.62% above its 12-month average of 3.88%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 4.92%.
RETURN ON INVESTED CAPITAL (ROIC)
4.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
2.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
1.54%
CURRENT VS TTM AVG
+26.62%
CURRENT VS 3Y AVG
+17.60%
CURRENT VS 5Y AVG
+40.27%
CURRENT VS 10Y AVG
+63.17%
CURRENT VS 15Y AVG
+93.58%
CURRENT VS 20Y AVG
+219.96%
SECTOR MEDIAN · REAL ESTATE
4.89%
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
+0.53%
vs the sector median at left
UDR, Inc.
Market Cap
$11.28B
Return on Invested Capital (ROIC)
4.92%
TTM Avg
3.88%
3Y Avg
4.18%
5Y Avg
3.50%
Market Cap
$10.35B
Return on Invested Capital (ROIC)
2.93%
TTM Avg
3.40%
3Y Avg
3.32%
5Y Avg
3.21%
Market Cap
$10.32B
Return on Invested Capital (ROIC)
4.89%
TTM Avg
5.83%
3Y Avg
5.07%
5Y Avg
4.81%
Market Cap
$12.34B
Return on Invested Capital (ROIC)
0.60%
TTM Avg
-0.18%
3Y Avg
1.60%
5Y Avg
2.44%
Market Cap
$9.88B
Return on Invested Capital (ROIC)
5.08%
TTM Avg
5.49%
3Y Avg
5.65%
5Y Avg
5.34%
Market Cap
$8.95B
Return on Invested Capital (ROIC)
6.88%
TTM Avg
7.40%
3Y Avg
7.29%
5Y Avg
7.17%
Market Cap
$13.63B
Return on Invested Capital (ROIC)
5.29%
TTM Avg
6.21%
3Y Avg
6.92%
5Y Avg
6.92%
Market Cap
$8.91B
Return on Invested Capital (ROIC)
-4.23%
TTM Avg
-0.78%
3Y Avg
0.56%
5Y Avg
1.61%
Market Cap
$14.00B
Return on Invested Capital (ROIC)
2.36%
TTM Avg
2.50%
3Y Avg
2.56%
5Y Avg
2.34%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| UDR, Inc. (UDR) | $11.28B | 4.92% | 3.88% | 4.18% | 3.50% |
| Camden Property Trust (CPT)vs › | $10.35B | 2.93% | 3.40% | 3.32% | 3.21% |
| BXP, Inc. (BXP)vs › | $10.32B | 4.89% | 5.83% | 5.07% | 4.81% |
| CoStar Group, Inc. (CSGP)vs › | $12.34B | 0.60% | -0.18% | 1.60% | 2.44% |
| Federal Realty Investment Trust (FRT)vs › | $9.88B | 5.08% | 5.49% | 5.65% | 5.34% |
| CubeSmart (CUBE)vs › | $8.95B | 6.88% | 7.40% | 7.29% | 7.17% |
| Regency Centers Corporation (REG)vs › | $13.63B | 5.29% | 6.21% | 6.92% | 6.92% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.91B | -4.23% | -0.78% | 0.56% | 1.61% |
| Healthpeak Properties, Inc. (DOC)vs › | $14.00B | 2.36% | 2.50% | 2.56% | 2.34% |
| Agree Realty Corporation (ADC)vs › | $8.55B | 3.56% | 3.52% | 3.39% | 3.41% |
ROIC
4.9%
ROE
17.8%
ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)
Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-06-30 | 4.92% |
| 2026-03-31 | 4.71% |
| 2025-12-31 | 3.18% |
| 2025-09-30 | 3.34% |
| 2025-06-30 | 3.27% |
| 2025-03-31 | 3.13% |
| 2024-12-31 | 2.69% |
| 2024-09-30 | 2.92% |
| 2024-06-30 | 2.97% |
| 2024-03-31 | 5.98% |
| 2023-12-31 | 5.78% |
| 2023-09-30 | 5.71% |
| 2023-06-30 | 5.75% |
| 2023-03-31 | 2.54% |
| 2022-12-31 | 2.35% |
| 2022-09-30 | 2.65% |
| 2022-06-30 | 2.40% |
| 2022-03-31 | 2.32% |
| 2021-12-31 | 2.56% |
| 2021-09-30 | 2.25% |
| 2021-06-30 | 2.19% |
| 2021-03-31 | 2.95% |
| 2020-12-31 | 2.59% |
| 2020-09-30 | 2.20% |
| 2020-06-30 | 2.50% |
| 2020-03-31 | 2.19% |
| 2019-12-31 | 2.33% |
| 2019-09-30 | 4.29% |
| 2019-06-30 | 4.55% |
| 2019-03-31 | 4.54% |
| 2018-12-31 | 5.66% |
| 2018-09-30 | 3.72% |
| 2018-06-30 | 3.58% |
| 2018-03-31 | 3.46% |
| 2017-12-31 | 2.47% |
| 2017-09-30 | 2.49% |
| 2017-06-30 | 2.49% |
| 2017-03-31 | 2.43% |
| 2016-12-31 | 2.36% |
| 2016-09-30 | 2.18% |
| 2016-06-30 | 2.11% |
| 2016-03-31 | 2.07% |
| 2015-12-31 | 2.15% |
| 2015-09-30 | 2.37% |
| 2015-06-30 | 2.26% |
| 2015-03-31 | 2.19% |
| 2014-12-31 | 1.92% |
| 2014-09-30 | 1.70% |
| 2014-06-30 | 1.69% |
| 2014-03-31 | 1.68% |
| 2013-12-31 | 1.74% |
| 2013-09-30 | 1.26% |
| 2013-06-30 | 1.05% |
| 2013-03-31 | 0.83% |
| 2012-12-31 | 0.62% |
| 2012-09-30 | 0.35% |
| 2012-06-30 | -0.37% |
| 2012-03-31 | -1.11% |
| 2011-12-31 | -1.88% |
| 2011-09-30 | -1.84% |
| 2011-06-30 | -2.09% |
| 2011-03-31 | -2.15% |
| 2010-12-31 | -2.06% |
| 2010-09-30 | -2.00% |
| 2010-06-30 | -2.07% |
| 2010-03-31 | -1.79% |
| 2009-12-31 | -1.52% |
| 2009-09-30 | -0.81% |
| 2009-06-30 | -0.73% |
| 2009-03-31 | -0.73% |
| 2008-12-31 | -1.30% |
| 2008-09-30 | -2.55% |
| 2008-06-30 | -2.53% |
| 2008-03-31 | -2.45% |
| 2007-12-31 | -1.71% |
| 2007-09-30 | -0.67% |
| 2007-06-30 | -0.53% |
| 2007-03-31 | -0.51% |
| 2006-12-31 | -0.38% |
| 2006-09-30 | -0.24% |
| 2006-06-30 | -0.14% |
| 2006-03-31 | -0.03% |
| 2005-12-31 | 0.12% |
| 2005-09-30 | 0.54% |
| 2005-06-30 | 0.62% |
| 2005-03-31 | 0.72% |
| 2004-12-31 | 0.79% |
| 2004-09-30 | 0.91% |
| 2004-06-30 | 1.49% |
| 2004-03-31 | 2.01% |
| 2003-12-31 | 2.55% |
| 2003-09-30 | 2.74% |
| 2003-06-30 | 2.83% |
