Agree Realty (ADC) Financials: History & Chart

Compare

Agree Realty Corporation(ADC)

REIT - Retail · Royal Oak, MI

$72.59-0.19 (-0.26%)

Delayed quote: Sep 9, 2026, 4:00 PM EDT

Compare

Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	779.62M	205.10M	200.81M	190.49M	183.22M	175.53M	169.16M	160.73M	154.33M
Cost of Goods Sold	235.02M	164.15M	24.90M	24.00M	21.97M	21.80M	20.38M	20.37M	18.37M
Gross Profit	544.60M	40.95M	175.90M	166.49M	161.25M	153.73M	148.78M	140.37M	135.96M
Gross Profit Margin	69.9%	20.0%	87.6%	87.4%	88.0%	87.6%	88.0%	87.3%	88.1%
Total Operating Expenses	167.67M	-57.73M	77.35M	74.06M	73.99M	71.72M	70.08M	65.03M	61.52M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	45.39M	11.96M	11.48M	11.07M	10.89M	11.33M	10.77M	8.90M	9.11M
Operating Income (EBIT)	376.93M	98.69M	98.55M	92.43M	87.26M	82.01M	78.70M	75.33M	74.44M
Operating Margin	48.3%	48.1%	49.1%	48.5%	47.6%	46.7%	46.5%	46.9%	48.2%
Income Before Tax (EBT)	262.71M	55.18M	98.55M	56.47M	52.50M	49.78M	47.97M	46.45M	45.60M
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	146.44M	38.90M	35.97M	36.36M	35.21M	32.27M	30.76M	29.09M	28.94M
Other Income/Expense	-114.22M	-43.50M	0.00	-35.96M	-34.76M	-32.23M	-30.72M	-28.88M	-28.84M
Net Income	225.04M	54.65M	62.23M	56.04M	52.12M	49.20M	47.00M	45.24M	44.38M
Income Tax Expense	360K	375K	-500K	260K	225K	425K	825K	1.07M	1.08M
Net Profit Margin	28.9%	26.6%	31.0%	29.4%	28.4%	28.0%	27.8%	28.1%	28.8%
EBITDA	657.27M	168.38M	165.25M	165.85M	157.78M	149.48M	143.00M	140.25M	134.24M
EBITDA Margin	84.3%	82.1%	82.3%	87.1%	86.1%	85.2%	84.5%	87.3%	87.0%
Depreciation & Amortization	280.34M	69.69M	66.70M	73.42M	70.52M	67.47M	64.30M	64.92M	59.80M
EPS Basic	1.86	0.44	0.50	0.47	0.45	0.44	0.42	0.42	0.42
EPS Diluted	1.86	0.44	0.50	0.47	0.45	0.44	0.42	0.41	0.42
Weighted Average Basic Shares	120.00M	120.00M	119.86M	114.70M	111.28M	107.05M	107.05M	103.34M	100.38M
Weighted Average Diluted Shares	120.49M	120.49M	120.38M	115.00M	111.51M	107.55M	107.55M	104.70M	101.72M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	718.40M	617.10M	537.50M	429.81M	339.32M	248.57M	187.48M	137.12M
Cost of Goods Sold	88.15M	74.85M	66.72M	52.28M	41.06M	31.75M	23.51M	17.01M
Gross Profit	630.25M	542.25M	470.78M	377.53M	298.26M	216.82M	163.97M	120.11M
Gross Profit Margin	87.7%	87.9%	87.6%	87.8%	87.9%	87.2%	87.5%	87.6%
Total Operating Expenses	289.86M	240.00M	216.39M	159.45M	107.99M	83.68M	49.57M	47.10M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	44.06M	37.23M	34.79M	30.12M	25.46M	20.79M	15.57M	12.16M
Operating Income (EBIT)	340.39M	302.24M	254.39M	218.09M	190.27M	133.13M	114.39M	73.01M
Operating Margin	47.4%	49.0%	47.3%	50.7%	56.1%	53.6%	61.0%	53.2%
Income Before Tax (EBT)	206.72M	194.14M	173.46M	155.90M	125.28M	93.06M	81.30M	59.31M
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	134.61M	108.90M	81.12M	63.44M	50.38M	40.10M	33.09M	24.87M
Other Income/Expense	-133.67M	-108.11M	-80.93M	-62.19M	-64.99M	-40.07M	-33.09M	-13.69M
Net Income	204.35M	189.20M	169.96M	152.44M	122.27M	91.38M	80.08M	58.17M
Income Tax Expense	1.74M	4.31M	2.91M	2.86M	2.40M	1.09M	538K	516K
Net Profit Margin	28.4%	30.7%	31.6%	35.5%	36.0%	36.8%	42.7%	42.4%
EBITDA	616.12M	542.47M	463.76M	384.99M	310.28M	215.78M	173.60M	116.70M
EBITDA Margin	85.8%	87.9%	86.3%	89.6%	91.4%	86.8%	92.6%	85.1%
Depreciation & Amortization	275.72M	240.22M	209.37M	166.91M	120.01M	82.64M	59.20M	43.70M
EPS Basic	1.77	1.79	1.70	1.84	1.79	1.76	1.96	1.81
EPS Diluted	1.77	1.78	1.70	1.83	1.78	1.74	1.93	1.80
Weighted Average Basic Shares	110.72M	101.10M	95.19M	78.66M	66.80M	51.84M	40.58M	32.07M
Weighted Average Diluted Shares	111.20M	101.88M	95.44M	79.16M	67.14M	52.40M	41.22M	32.40M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.