• Agree Realty average gross margin for 2023 was 87.6%, a 0.25% increase from 2022.
• Agree Realty average gross margin for 2022 was 87.82%, a 0.33% decline from 2021.
• Agree Realty average gross margin for 2021 was 87.53%, a 0.72% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.