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 66.40% is 127% above its 5-year average of 29.25%, near the high end of its 5-year range (17.60%–68.24%).
As of the fiscal period ended Tuesday, June 30, 2026. 32.59% above its 12-month average of 50.08%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
66.40%
GROSS MARGIN AVG TTM
50.08%
GROSS MARGIN AVG 3Y
25.33%
GROSS MARGIN AVG 5Y
23.22%
GROSS MARGIN AVG 10Y
23.44%
GROSS MARGIN AVG 15Y
23.13%
GROSS MARGIN AVG 20Y
35.78%
CURRENT VS TTM AVG
+32.59%
CURRENT VS 3Y AVG
+162.10%
CURRENT VS 5Y AVG
+185.93%
CURRENT VS 10Y AVG
+183.24%
CURRENT VS 15Y AVG
+187.01%
CURRENT VS 20Y AVG
+85.59%
SECTOR MEDIAN · REAL ESTATE
40.22%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+65.11%
vs the sector median at left
Market Cap
$11.59B
Gross Margin
77.40%
TTM Avg
77.41%
3Y Avg
78.96%
5Y Avg
79.81%
Market Cap
$11.46B
Gross Margin
61.41%
TTM Avg
61.30%
3Y Avg
61.88%
5Y Avg
61.30%
Market Cap
$10.69B
Gross Margin
9.73%
TTM Avg
38.58%
3Y Avg
52.97%
5Y Avg
57.31%
Market Cap
$14.62B
Gross Margin
47.88%
TTM Avg
57.92%
3Y Avg
64.95%
5Y Avg
67.13%
Market Cap
$15.15B
Gross Margin
22.48%
TTM Avg
41.34%
3Y Avg
49.86%
5Y Avg
51.85%
Market Cap
$15.28B
Gross Margin
9.26%
TTM Avg
28.04%
3Y Avg
37.83%
5Y Avg
42.97%
Market Cap
$15.47B
Gross Margin
31.83%
TTM Avg
32.19%
3Y Avg
33.30%
5Y Avg
31.77%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| UDR, Inc. (UDR) | $12.43B | 66.40% | 50.08% | 25.33% | 23.22% |
| CoStar Group, Inc. (CSGP)vs › | $11.59B | 77.40% | 77.41% | 78.96% | 79.81% |
| Camden Property Trust (CPT)vs › | $11.46B | 61.41% | 61.30% | 61.88% | 61.30% |
| BXP, Inc. (BXP)vs › | $11.24B | 60.20% | 60.88% | 62.02% | 62.51% |
| Federal Realty Investment Trust (FRT)vs › | $10.69B | 9.73% | 38.58% | 52.97% | 57.31% |
| Regency Centers Corporation (REG)vs › | $14.62B | 47.88% | 57.92% | 64.95% | 67.13% |
| Healthpeak Properties, Inc. (DOC)vs › | $15.15B | 22.48% | 41.34% | 49.86% | 51.85% |
| Sun Communities, Inc. (SUI)vs › | $15.28B | 9.26% | 28.04% | 37.83% | 42.97% |
| Mid-America Apartment Communities, Inc. (MAA)vs › | $15.47B | 31.83% | 32.19% | 33.30% | 31.77% |
| Agree Realty Corporation (ADC)vs › | $9.34B | 87.64% | 87.80% | 87.76% | 87.69% |
Gross Margin
66.4%
(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 | 66.40% |
| 2026-03-31 | 61.54% |
| 2025-12-31 | 26.98% |
| 2025-09-30 | 68.24% |
| 2025-06-30 | 27.23% |
| 2025-03-31 | 26.58% |
| 2024-12-31 | 27.01% |
| 2024-09-30 | 24.43% |
| 2024-06-30 | 24.58% |
| 2024-03-31 | 23.72% |
| 2023-12-31 | 24.75% |
| 2023-09-30 | 24.29% |
| 2023-06-30 | 23.77% |
| 2023-03-31 | 23.65% |
| 2022-12-31 | 24.51% |
| 2022-09-30 | 22.19% |
| 2022-06-30 | 20.71% |
| 2022-03-31 | 19.54% |
| 2021-12-31 | 18.66% |
| 2021-09-30 | 17.60% |
| 2021-06-30 | 17.80% |
| 2021-03-31 | 16.45% |
| 2020-12-31 | 16.95% |
| 2020-09-30 | 16.61% |
| 2020-06-30 | 16.17% |
| 2020-03-31 | 19.34% |
| 2019-12-31 | 21.37% |
| 2019-09-30 | 25.16% |
| 2019-06-30 | 27.24% |
| 2019-03-31 | 26.70% |
| 2018-12-31 | 28.62% |
| 2018-09-30 | 27.27% |
| 2018-06-30 | 28.03% |
| 2018-03-31 | 25.43% |
| 2017-12-31 | 25.37% |
| 2017-09-30 | 25.31% |
| 2017-06-30 | 25.31% |
| 2017-03-31 | 25.58% |
| 2016-12-31 | 26.78% |
| 2016-09-30 | 25.05% |
| 2016-06-30 | 24.08% |
| 2016-03-31 | 23.54% |
| 2015-12-31 | 24.49% |
| 2015-09-30 | 27.40% |
| 2015-06-30 | 26.56% |
| 2015-03-31 | 28.13% |
| 2014-12-31 | 24.03% |
| 2014-09-30 | 23.23% |
| 2014-06-30 | 23.93% |
| 2014-03-31 | 21.21% |
| 2013-12-31 | 19.94% |
| 2013-09-30 | 21.69% |
| 2013-06-30 | 21.49% |
| 2013-03-31 | 21.02% |
| 2012-12-31 | -60.21% |
| 2012-09-30 | 17.50% |
| 2012-06-30 | 18.70% |
| 2012-03-31 | 15.57% |
| 2011-12-31 | 65.88% |
| 2011-09-30 | 66.09% |
| 2011-06-30 | 65.27% |
| 2011-03-31 | 62.90% |
| 2010-12-31 | 63.17% |
| 2010-09-30 | 62.22% |
| 2010-06-30 | 62.66% |
| 2010-03-31 | 61.07% |
| 2009-12-31 | -117.15% |
| 2009-09-30 | 62.04% |
| 2009-06-30 | 63.64% |
| 2009-03-31 | 63.15% |
| 2008-12-31 | 61.76% |
| 2008-09-30 | 63.75% |
| 2008-06-30 | 65.07% |
| 2008-03-31 | 64.99% |
| 2007-12-31 | 50.67% |
| 2007-09-30 | 64.54% |
| 2007-06-30 | 65.07% |
| 2007-03-31 | 63.73% |
| 2006-12-31 | 60.76% |
| 2006-09-30 | 61.22% |
| 2006-06-30 | 61.28% |
| 2006-03-31 | 59.11% |
| 2005-12-31 | 61.70% |
| 2005-09-30 | 59.09% |
| 2005-06-30 | 60.06% |
| 2005-03-31 | 61.98% |
| 2004-12-31 | 0.00% |
| 2004-09-30 | 58.49% |
| 2004-06-30 | 59.10% |
| 2004-03-31 | 58.21% |
| 2003-12-31 | 0.00% |
| 2003-09-30 | 0.00% |
| 2003-06-30 | 0.00% |
| 2003-03-31 | 0.00% |
| 2002-12-31 | 0.00% |
| 2002-09-30 | 0.00% |
