• Stag Industrial average operating margin for 2023 was 32.27%, a 5.49% increase from 2022.
• Stag Industrial average operating margin for 2022 was 30.59%, a 8.63% increase from 2021.
• Stag Industrial average operating margin for 2021 was 28.16%, a 5.35% 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.