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 8.08% is 86% below its 5-year average of 57.10%, near the low end of its 5-year range (8.08%–64.51%).
As of the fiscal period ended Tuesday, June 30, 2026. 83.78% below its 12-month average of 49.78%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
8.08%
GROSS MARGIN AVG TTM
49.78%
GROSS MARGIN AVG 3Y
61.22%
GROSS MARGIN AVG 5Y
62.30%
GROSS MARGIN AVG 10Y
62.59%
GROSS MARGIN AVG 15Y
63.13%
GROSS MARGIN AVG 20Y
63.83%
CURRENT VS TTM AVG
-83.78%
CURRENT VS 3Y AVG
-86.81%
CURRENT VS 5Y AVG
-87.04%
CURRENT VS 10Y AVG
-87.10%
CURRENT VS 15Y AVG
-87.21%
CURRENT VS 20Y AVG
-87.35%
SECTOR MEDIAN · REAL ESTATE
40.22%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-79.92%
vs the sector median at left
Market Cap
$11.25B
Gross Margin
61.41%
TTM Avg
61.30%
3Y Avg
61.88%
5Y Avg
61.30%
Market Cap
$10.25B
Gross Margin
9.73%
TTM Avg
38.58%
3Y Avg
52.97%
5Y Avg
57.31%
Market Cap
$12.25B
Gross Margin
76.48%
TTM Avg
77.41%
3Y Avg
78.96%
5Y Avg
79.81%
Market Cap
$9.08B
Gross Margin
87.73%
TTM Avg
87.80%
3Y Avg
87.76%
5Y Avg
87.69%
Market Cap
$8.67B
Gross Margin
68.02%
TTM Avg
69.56%
3Y Avg
69.63%
5Y Avg
70.15%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| BXP, Inc. (BXP) | $11.12B | 8.08% | 49.78% | 61.22% | 62.30% |
| Camden Property Trust (CPT)vs › | $11.25B | 61.41% | 61.30% | 61.88% | 61.30% |
| Federal Realty Investment Trust (FRT)vs › | $10.25B | 9.73% | 38.58% | 52.97% | 57.31% |
| CoStar Group, Inc. (CSGP)vs › | $12.25B | 76.48% | 77.41% | 78.96% | 79.81% |
| UDR, Inc. (UDR)vs › | $12.34B | 25.59% | 25.27% | 24.12% | 21.91% |
| CubeSmart (CUBE)vs › | $9.46B | 22.74% | 46.47% | 58.95% | 62.46% |
| Agree Realty Corporation (ADC)vs › | $9.08B | 87.73% | 87.80% | 87.76% | 87.69% |
| NNN REIT, Inc. (NNN)vs › | $8.91B | 38.00% | 67.14% | 81.86% | 86.54% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.67B | 68.02% | 69.56% | 69.63% | 70.15% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.44B | 22.60% | 47.65% | 60.43% | 64.59% |
Gross Margin
8.1%
(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 | 8.08% |
| 2026-03-31 | 59.07% |
| 2025-12-31 | 60.23% |
| 2025-09-30 | 60.83% |
| 2025-06-30 | 60.69% |
| 2025-03-31 | 60.71% |
| 2024-12-31 | 61.14% |
| 2024-09-30 | 34.33% |
| 2024-06-30 | 61.05% |
| 2024-03-31 | 35.29% |
| 2023-12-31 | 62.63% |
| 2023-09-30 | 62.49% |
| 2023-06-30 | 63.39% |
| 2023-03-31 | 62.90% |
| 2022-12-31 | 63.29% |
| 2022-09-30 | 63.28% |
| 2022-06-30 | 63.78% |
| 2022-03-31 | 63.53% |
| 2021-12-31 | 64.19% |
| 2021-09-30 | 63.67% |
| 2021-06-30 | 64.51% |
| 2021-03-31 | 63.50% |
| 2020-12-31 | 61.30% |
| 2020-09-30 | 61.87% |
| 2020-06-30 | 63.08% |
| 2020-03-31 | 64.15% |
| 2019-12-31 | 63.12% |
| 2019-09-30 | 62.78% |
| 2019-06-30 | 63.28% |
| 2019-03-31 | 62.97% |
| 2018-12-31 | 62.63% |
| 2018-09-30 | 62.21% |
| 2018-06-30 | 62.60% |
| 2018-03-31 | 61.99% |
| 2017-12-31 | 63.06% |
| 2017-09-30 | 62.63% |
| 2017-06-30 | 63.64% |
| 2017-03-31 | 62.77% |
| 2016-12-31 | 63.55% |
| 2016-09-30 | 62.15% |
| 2016-06-30 | 63.77% |
| 2016-03-31 | 65.94% |
| 2015-12-31 | 64.03% |
| 2015-09-30 | 63.82% |
| 2015-06-30 | 63.94% |
| 2015-03-31 | 62.99% |
| 2014-12-31 | 64.38% |
| 2014-09-30 | 64.00% |
| 2014-06-30 | 64.40% |
| 2014-03-31 | 62.90% |
| 2013-12-31 | 64.24% |
| 2013-09-30 | 63.95% |
| 2013-06-30 | 63.68% |
| 2013-03-31 | 62.80% |
| 2012-12-31 | 63.40% |
| 2012-09-30 | 62.66% |
| 2012-06-30 | 64.38% |
| 2012-03-31 | 63.45% |
| 2011-12-31 | 64.17% |
| 2011-09-30 | 64.41% |
| 2011-06-30 | 65.37% |
| 2011-03-31 | 65.13% |
| 2010-12-31 | 65.62% |
| 2010-09-30 | 65.42% |
| 2010-06-30 | 67.33% |
| 2010-03-31 | 65.70% |
| 2009-12-31 | 65.10% |
| 2009-09-30 | 79.94% |
| 2009-06-30 | 66.60% |
| 2009-03-31 | 65.74% |
| 2008-12-31 | 66.27% |
| 2008-09-30 | 62.46% |
| 2008-06-30 | 65.93% |
| 2008-03-31 | 66.64% |
| 2007-12-31 | 66.78% |
| 2007-09-30 | 67.59% |
| 2007-06-30 | 68.00% |
| 2007-03-31 | 67.12% |
| 2006-12-31 | 67.05% |
| 2006-09-30 | 66.31% |
| 2006-06-30 | 66.79% |
| 2006-03-31 | 65.15% |
| 2005-12-31 | 65.50% |
| 2005-09-30 | 65.48% |
| 2005-06-30 | 66.57% |
| 2005-03-31 | 66.06% |
| 2004-12-31 | 65.79% |
| 2004-09-30 | 65.78% |
| 2004-06-30 | 66.61% |
| 2004-03-31 | 66.22% |
| 2003-12-31 | 65.88% |
| 2003-09-30 | 63.69% |
| 2003-06-30 | 66.62% |
| 2003-03-31 | 65.51% |
| 2002-12-31 | 62.10% |
| 2002-09-30 | 69.57% |
