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 -2.58% is 106% below its 5-year average of 42.71%, near the high end of its 5-year range (-135.99%–46.54%).
148.20% below its 12-month average of 5.35%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 39.82%.
GROSS MARGIN
-2.58%
GROSS MARGIN AVG TTM
5.35%
GROSS MARGIN AVG 3Y
42.48%
GROSS MARGIN AVG 5Y
42.71%
GROSS MARGIN AVG 10Y
48.61%
GROSS MARGIN AVG 15Y
52.17%
GROSS MARGIN AVG 20Y
56.41%
CURRENT VS TTM AVG
-148.20%
CURRENT VS 3Y AVG
-106.07%
CURRENT VS 5Y AVG
-106.04%
CURRENT VS 10Y AVG
-105.31%
CURRENT VS 15Y AVG
-104.95%
CURRENT VS 20Y AVG
-104.57%
SECTOR MEDIAN · REAL ESTATE
38.41%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-106.72%
vs the sector median at left
Market Cap
$33.92B
Gross Margin
25.69%
TTM Avg
40.92%
3Y Avg
48.98%
5Y Avg
51.92%
Market Cap
$53.31B
Gross Margin
N/A
TTM Avg
91.32%
3Y Avg
92.03%
5Y Avg
92.56%
Market Cap
$29.22B
Gross Margin
23.00%
TTM Avg
52.37%
3Y Avg
65.12%
5Y Avg
68.48%
Market Cap
$26.57B
Gross Margin
99.33%
TTM Avg
99.31%
3Y Avg
99.25%
5Y Avg
98.82%
Market Cap
$26.28B
Gross Margin
66.99%
TTM Avg
65.07%
3Y Avg
64.75%
5Y Avg
64.34%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ventas, Inc. (VTR) | $42.68B | -2.58% | 5.35% | 42.48% | 42.71% |
| CBRE Group, Inc. (CBRE)vs › | $40.59B | 17.66% | 17.30% | 18.95% | 19.71% |
| Iron Mountain Incorporated (IRM)vs › | $33.92B | 25.69% | 40.92% | 48.98% | 51.92% |
| Realty Income Corporation (O)vs › | $53.31B | N/A | 91.32% | 92.03% | 92.56% |
| Crown Castle Inc. (CCI)vs › | $32.00B | 63.19% | 68.97% | 70.00% | 69.14% |
| Public Storage (PSA)vs › | $55.33B | 24.96% | 49.08% | 61.90% | 65.14% |
| Extra Space Storage Inc. (EXR)vs › | $29.22B | 23.00% | 52.37% | 65.12% | 68.48% |
| VICI Properties Inc. (VICI)vs › | $26.57B | 99.33% | 99.31% | 99.25% | 98.82% |
| AvalonBay Communities, Inc. (AVB)vs › | $26.28B | 66.99% | 65.07% | 64.75% | 64.34% |
| Equity Residential (EQR)vs › | $23.87B | 45.96% | 54.80% | 59.31% | 60.52% |
Gross Margin
-2.6%
(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 | 39.82% |
| 2026-03-31 | 39.56% |
| 2025-12-31 | -135.99% |
| 2025-09-30 | 41.58% |
| 2025-06-30 | 41.80% |
| 2025-03-31 | 42.15% |
| 2024-12-31 | 42.42% |
| 2024-09-30 | 42.17% |
| 2024-06-30 | 43.23% |
| 2024-03-31 | 42.56% |
| 2023-12-31 | 42.51% |
| 2023-09-30 | 42.78% |
| 2023-06-30 | 43.58% |
| 2023-03-31 | 43.41% |
| 2022-12-31 | 43.74% |
| 2022-09-30 | 44.90% |
| 2022-06-30 | 43.71% |
| 2022-03-31 | 46.54% |
| 2021-12-31 | 43.02% |
| 2021-09-30 | 46.33% |
| 2021-06-30 | 46.16% |
| 2021-03-31 | 46.48% |
| 2020-12-31 | 49.70% |
| 2020-09-30 | 46.07% |
| 2020-06-30 | 47.08% |
| 2020-03-31 | 52.40% |
| 2019-12-31 | 51.72% |
| 2019-09-30 | 53.00% |
| 2019-06-30 | 54.10% |
| 2019-03-31 | 54.27% |
| 2018-12-31 | 53.70% |
| 2018-09-30 | 54.21% |
| 2018-06-30 | 55.22% |
| 2018-03-31 | 56.23% |
| 2017-12-31 | 58.26% |
| 2017-09-30 | 58.15% |
| 2017-06-30 | 59.09% |
| 2017-03-31 | 58.15% |
| 2016-12-31 | 58.15% |
| 2016-09-30 | 58.24% |
| 2016-06-30 | 58.30% |
| 2016-03-31 | 57.80% |
| 2015-12-31 | 57.23% |
| 2015-09-30 | 57.19% |
| 2015-06-30 | 60.92% |
| 2015-03-31 | 60.68% |
| 2014-12-31 | 60.22% |
| 2014-09-30 | 60.08% |
| 2014-06-30 | 61.35% |
| 2014-03-31 | 60.75% |
| 2013-12-31 | 60.24% |
| 2013-09-30 | 59.75% |
| 2013-06-30 | 60.43% |
| 2013-03-31 | 60.71% |
| 2012-12-31 | 59.99% |
| 2012-09-30 | 60.36% |
| 2012-06-30 | 60.87% |
| 2012-03-31 | 61.70% |
| 2011-12-31 | 61.37% |
| 2011-09-30 | 95.29% |
| 2011-06-30 | 91.91% |
| 2011-03-31 | 65.86% |
| 2010-12-31 | 68.37% |
| 2010-09-30 | 67.26% |
| 2010-06-30 | 69.18% |
| 2010-03-31 | 67.34% |
| 2009-12-31 | 67.16% |
| 2009-09-30 | 67.63% |
| 2009-06-30 | 68.72% |
| 2009-03-31 | 67.31% |
| 2008-12-31 | 66.46% |
| 2008-09-30 | 65.75% |
| 2008-06-30 | 69.23% |
| 2008-03-31 | 66.80% |
| 2007-12-31 | 100.00% |
| 2007-09-30 | 68.46% |
| 2007-06-30 | 73.98% |
| 2007-03-31 | 100.00% |
| 2006-12-31 | 100.00% |
| 2006-09-30 | 93.29% |
| 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% |
