• Terreno Realty average operating margin for 2024 was 39.98%, a 0.84% decline from 2023.
• Terreno Realty average operating margin for 2023 was 40.32%, a 1.46% decline from 2022.
• Terreno Realty average operating margin for 2022 was 39.74%, a 2.55% increase from 2021.

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.