• Federal Realty Investment Trust average operating margin for 2023 was 43.71%, a 2.43% decline from 2022.
• Federal Realty Investment Trust average operating margin for 2022 was 44.8%, a 14.67% decline from 2021.
• Federal Realty Investment Trust average operating margin for 2021 was 39.07%, a 6.49% 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.