Agree Realty Corporation (ADC)
NYSE: ADC · Real-Time Price · USD
72.45
+0.11 (0.15%)
At close: Nov 5, 2025, 4:00 PM EST
72.45
0.00 (0.00%)
After-hours: Nov 5, 2025, 5:07 PM EST
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 | Sep '25 Sep 30, 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 | 688.38 | 616.82 | 537.4 | 429.63 | 339.07 | 248.31 | Upgrade |
Other Revenue | 0.26 | 0.27 | 0.09 | 0.18 | 0.26 | 0.26 | Upgrade |
| 688.64 | 617.1 | 537.5 | 429.81 | 339.32 | 248.57 | Upgrade | |
Revenue Growth (YoY | 14.67% | 14.81% | 25.05% | 26.67% | 36.51% | 32.58% | Upgrade |
Property Expenses | 84.52 | 74.85 | 66.72 | 52.28 | 41.06 | 31.75 | Upgrade |
Selling, General & Administrative | 41.89 | 37.23 | 34.79 | 30.12 | 25.46 | 20.79 | Upgrade |
Depreciation & Amortization | 232.44 | 206.99 | 176.28 | 133.57 | 95.73 | 66.76 | Upgrade |
Total Operating Expenses | 358.84 | 319.07 | 277.78 | 215.97 | 162.25 | 119.3 | Upgrade |
Operating Income | 329.8 | 298.03 | 259.71 | 213.84 | 177.08 | 129.27 | Upgrade |
Interest Expense | -127.35 | -108.9 | -81.12 | -63.44 | -50.38 | -40.1 | Upgrade |
Other Non-Operating Income | 0.75 | 0.8 | 0.19 | 1.25 | 0.17 | 0.02 | Upgrade |
EBT Excluding Unusual Items | 203.21 | 189.92 | 178.78 | 151.65 | 126.87 | 89.19 | Upgrade |
Gain (Loss) on Sale of Assets | 3.77 | 11.44 | 1.85 | 5.26 | 14.94 | 8 | Upgrade |
Asset Writedown | -10.27 | -7.22 | -7.18 | -1.02 | -1.92 | -4.14 | Upgrade |
Other Unusual Items | - | - | - | - | -14.61 | - | Upgrade |
Pretax Income | 196.71 | 194.14 | 173.46 | 155.9 | 125.28 | 93.06 | Upgrade |
Income Tax Expense | 2.55 | 4.31 | 2.91 | 2.86 | 2.4 | 1.09 | Upgrade |
Earnings From Continuing Operations | 194.16 | 189.83 | 170.55 | 153.04 | 122.88 | 91.97 | Upgrade |
Net Income to Company | 194.16 | 189.83 | 170.55 | 153.04 | 122.88 | 91.97 | Upgrade |
Minority Interest in Earnings | -0.61 | -0.64 | -0.59 | -0.6 | -0.6 | -0.59 | Upgrade |
Net Income | 193.55 | 189.2 | 169.96 | 152.44 | 122.27 | 91.38 | Upgrade |
Preferred Dividends & Other Adjustments | 7.88 | 7.92 | 7.84 | 7.81 | 2.52 | 0.3 | Upgrade |
Net Income to Common | 185.67 | 181.28 | 162.12 | 144.62 | 119.76 | 91.08 | Upgrade |
Net Income Growth | 1.92% | 11.32% | 11.49% | 24.67% | 33.81% | 14.11% | Upgrade |
Basic Shares Outstanding | 108 | 101 | 95 | 79 | 67 | 52 | Upgrade |
Diluted Shares Outstanding | 109 | 102 | 95 | 79 | 67 | 52 | Upgrade |
Shares Change (YoY) | 7.76% | 6.75% | 20.56% | 17.91% | 28.14% | 27.10% | Upgrade |
EPS (Basic) | 1.72 | 1.79 | 1.70 | 1.84 | 1.79 | 1.76 | Upgrade |
EPS (Diluted) | 1.71 | 1.78 | 1.70 | 1.83 | 1.78 | 1.74 | Upgrade |
EPS Growth | -5.36% | 4.71% | -7.10% | 2.81% | 2.30% | -9.84% | Upgrade |
Dividend Per Share | 3.054 | 3.000 | 2.919 | 2.805 | 2.604 | 2.405 | Upgrade |
Dividend Growth | 2.41% | 2.77% | 4.06% | 7.72% | 8.27% | 5.48% | Upgrade |
Operating Margin | 47.89% | 48.30% | 48.32% | 49.75% | 52.19% | 52.00% | Upgrade |
Profit Margin | 26.96% | 29.38% | 30.16% | 33.65% | 35.29% | 36.64% | Upgrade |
EBITDA | 594.53 | 536.07 | 466.82 | 378.6 | 269.26 | 211.44 | Upgrade |
EBITDA Margin | 86.33% | 86.87% | 86.85% | 88.08% | 79.35% | 85.06% | Upgrade |
D&A For Ebitda | 264.73 | 238.04 | 207.1 | 164.75 | 92.19 | 82.17 | Upgrade |
EBIT | 329.8 | 298.03 | 259.71 | 213.84 | 177.08 | 129.27 | Upgrade |
EBIT Margin | 47.89% | 48.30% | 48.32% | 49.75% | 52.19% | 52.00% | Upgrade |
Funds From Operations (FFO) | 423.46 | 383.14 | 343.02 | 274.15 | 202.65 | 154.35 | Upgrade |
FFO Per Share | 3.89 | 3.75 | 3.58 | 3.45 | 3.00 | 2.93 | Upgrade |
Adjusted Funds From Operations (AFFO) | - | 422.82 | 378.74 | 304.92 | 236.97 | 168.75 | Upgrade |
AFFO Per Share | - | 4.14 | 3.95 | 3.83 | 3.51 | 3.20 | Upgrade |
FFO Payout Ratio | 77.80% | 79.24% | 80.95% | 80.36% | 95.88% | 75.22% | Upgrade |
Effective Tax Rate | 1.30% | 2.22% | 1.68% | 1.84% | 1.92% | 1.17% | Upgrade |
Revenue as Reported | 688.64 | 617.1 | 537.5 | 429.81 | 339.32 | 248.57 | Upgrade |
Updated Oct 21, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.