• Agree Realty average operating margin for 2023 was 48.35%, a 7.5% increase from 2022.
• Agree Realty average operating margin for 2022 was 52.27%, a 6.66% decline from 2021.
• Agree Realty average operating margin for 2021 was 56%, a 3.35% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.