• United Dominion Realty Trust average gross margin for 2023 was 64.7%, a 1.27% decline from 2022.
• United Dominion Realty Trust average gross margin for 2022 was 63.89%, a 1.04% increase from 2021.
• United Dominion Realty Trust average gross margin for 2021 was 63.23%, a 4.25% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.