• EastGroup Properties average operating margin for 2023 was 38.88%, a 4.66% increase from 2022.
• EastGroup Properties average operating margin for 2022 was 37.15%, a 2.94% increase from 2021.
• EastGroup Properties average operating margin for 2021 was 36.09%, a 1.66% increase 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.