Agree Realty Corporation (ADC)
NYSE: ADC · Real-Time Price · USD
73.60
-1.57 (-2.09%)
May 12, 2025, 4:00 PM - Market closed
Agree Realty Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
| Rental Revenue | 636.51 | 616.82 | 537.4 | 429.63 | 339.07 | 248.31 | Upgrade
|
| Other Revenue | 0.29 | 0.27 | 0.09 | 0.18 | 0.26 | 0.26 | Upgrade
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| Total Revenue | 636.8 | 617.1 | 537.5 | 429.81 | 339.32 | 248.57 | Upgrade
|
| Revenue Growth (YoY | 13.65% | 14.81% | 25.05% | 26.67% | 36.51% | 32.58% | Upgrade
|
| Property Expenses | 76.74 | 74.85 | 66.72 | 52.28 | 41.06 | 31.75 | Upgrade
|
| Selling, General & Administrative | 38.49 | 37.23 | 34.79 | 30.12 | 25.46 | 20.79 | Upgrade
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| Depreciation & Amortization | 214.28 | 206.99 | 176.28 | 133.57 | 95.73 | 66.76 | Upgrade
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| Total Operating Expenses | 329.51 | 319.07 | 277.78 | 215.97 | 162.25 | 119.3 | Upgrade
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| Operating Income | 307.3 | 298.03 | 259.71 | 213.84 | 177.08 | 129.27 | Upgrade
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| Interest Expense | -115.22 | -108.9 | -81.12 | -63.44 | -50.38 | -40.1 | Upgrade
|
| Other Non-Operating Income | 0.72 | 0.8 | 0.19 | 1.25 | 0.17 | 0.02 | Upgrade
|
| EBT Excluding Unusual Items | 192.8 | 189.92 | 178.78 | 151.65 | 126.87 | 89.19 | Upgrade
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| Gain (Loss) on Sale of Assets | 10.17 | 11.44 | 1.85 | 5.26 | 14.94 | 8 | Upgrade
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| Asset Writedown | -7.03 | -7.22 | -7.18 | -1.02 | -1.92 | -4.14 | Upgrade
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| Other Unusual Items | - | - | - | - | -14.61 | - | Upgrade
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| Pretax Income | 195.95 | 194.14 | 173.46 | 155.9 | 125.28 | 93.06 | Upgrade
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| Income Tax Expense | 3.98 | 4.31 | 2.91 | 2.86 | 2.4 | 1.09 | Upgrade
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| Earnings From Continuing Operations | 191.97 | 189.83 | 170.55 | 153.04 | 122.88 | 91.97 | Upgrade
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| Net Income to Company | 191.97 | 189.83 | 170.55 | 153.04 | 122.88 | 91.97 | Upgrade
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| Minority Interest in Earnings | -0.63 | -0.64 | -0.59 | -0.6 | -0.6 | -0.59 | Upgrade
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| Net Income | 191.33 | 189.2 | 169.96 | 152.44 | 122.27 | 91.38 | Upgrade
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| Preferred Dividends & Other Adjustments | 7.91 | 7.92 | 7.84 | 7.81 | 2.52 | 0.3 | Upgrade
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| Net Income to Common | 183.42 | 181.28 | 162.12 | 144.62 | 119.76 | 91.08 | Upgrade
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| Net Income Growth | 10.47% | 11.32% | 11.49% | 24.67% | 33.81% | 14.11% | Upgrade
|
| Basic Shares Outstanding | 103 | 101 | 95 | 79 | 67 | 52 | Upgrade
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| Diluted Shares Outstanding | 104 | 102 | 95 | 79 | 67 | 52 | Upgrade
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| Shares Change (YoY) | 5.92% | 6.75% | 20.56% | 17.91% | 28.14% | 27.10% | Upgrade
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| EPS (Basic) | 1.78 | 1.79 | 1.70 | 1.84 | 1.79 | 1.76 | Upgrade
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| EPS (Diluted) | 1.77 | 1.78 | 1.70 | 1.83 | 1.78 | 1.74 | Upgrade
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| EPS Growth | 4.57% | 4.71% | -7.10% | 2.81% | 2.30% | -9.84% | Upgrade
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| Dividend Per Share | 3.018 | 3.000 | 2.919 | 2.805 | 2.604 | 2.405 | Upgrade
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| Dividend Growth | 2.65% | 2.77% | 4.06% | 7.72% | 8.27% | 5.48% | Upgrade
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| Operating Margin | 48.26% | 48.30% | 48.32% | 49.75% | 52.19% | 52.00% | Upgrade
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| Profit Margin | 28.80% | 29.38% | 30.16% | 33.65% | 35.29% | 36.64% | Upgrade
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| EBITDA | 552.78 | 536.07 | 466.82 | 378.6 | 269.26 | 211.44 | Upgrade
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| EBITDA Margin | 86.80% | 86.87% | 86.85% | 88.08% | 79.35% | 85.06% | Upgrade
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| D&A For Ebitda | 245.48 | 238.04 | 207.1 | 164.75 | 92.19 | 82.17 | Upgrade
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| EBIT | 307.3 | 298.03 | 259.71 | 213.84 | 177.08 | 129.27 | Upgrade
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| EBIT Margin | 48.26% | 48.30% | 48.32% | 49.75% | 52.19% | 52.00% | Upgrade
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| Funds From Operations (FFO) | 393.61 | 383.14 | 343.02 | 274.15 | 202.65 | 154.35 | Upgrade
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| FFO Per Share | 3.78 | 3.75 | 3.58 | 3.45 | 3.00 | 2.93 | Upgrade
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| Adjusted Funds From Operations (AFFO) | - | 422.82 | 378.74 | 304.92 | 236.97 | 168.75 | Upgrade
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| AFFO Per Share | - | 4.14 | 3.95 | 3.83 | 3.51 | 3.20 | Upgrade
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| FFO Payout Ratio | 78.95% | 79.24% | 80.95% | 80.36% | 95.88% | 75.22% | Upgrade
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| Effective Tax Rate | 2.03% | 2.22% | 1.68% | 1.84% | 1.92% | 1.17% | Upgrade
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| Revenue as Reported | 636.8 | 617.1 | 537.5 | 429.81 | 339.32 | 248.57 | Upgrade
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Updated Apr 22, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.