Agree Realty Corporation (ADC)
NYSE: ADC · Real-Time Price · USD
72.83
+1.48 (2.07%)
Feb 21, 2025, 4:00 PM EST - Market closed
Agree Realty Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2019 - 2015 |
|---|---|---|---|---|---|---|
Period Ending | 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 | 2019 - 2015 |
| Rental Revenue | 616.82 | 537.4 | 429.63 | 339.07 | 248.31 | Upgrade
|
| Other Revenue | 0.27 | 0.09 | 0.18 | 0.26 | 0.26 | Upgrade
|
| Total Revenue | 617.1 | 537.5 | 429.81 | 339.32 | 248.57 | Upgrade
|
| Revenue Growth (YoY | 14.81% | 25.05% | 26.67% | 36.51% | 32.59% | Upgrade
|
| Property Expenses | 74.85 | 66.72 | 52.28 | 41.06 | 31.75 | Upgrade
|
| Selling, General & Administrative | 37.23 | 34.79 | 30.12 | 25.46 | 20.79 | Upgrade
|
| Depreciation & Amortization | 206.99 | 176.28 | 133.57 | 95.73 | 66.76 | Upgrade
|
| Total Operating Expenses | 319.07 | 277.78 | 215.97 | 162.25 | 119.3 | Upgrade
|
| Operating Income | 298.03 | 259.71 | 213.84 | 177.08 | 129.27 | Upgrade
|
| Interest Expense | -108.9 | -81.12 | -63.44 | -50.38 | -40.1 | Upgrade
|
| Other Non-Operating Income | 0.8 | 0.19 | 1.25 | 0.17 | 0.02 | Upgrade
|
| EBT Excluding Unusual Items | 189.92 | 178.78 | 151.65 | 126.87 | 89.19 | Upgrade
|
| Gain (Loss) on Sale of Assets | 11.44 | 1.85 | 5.26 | 14.94 | 8 | Upgrade
|
| Asset Writedown | -7.22 | -7.18 | -1.02 | -1.92 | -4.14 | Upgrade
|
| Other Unusual Items | - | - | - | -14.61 | - | Upgrade
|
| Pretax Income | 194.14 | 173.46 | 155.9 | 125.28 | 93.06 | Upgrade
|
| Income Tax Expense | 4.31 | 2.91 | 2.86 | 2.4 | 1.09 | Upgrade
|
| Earnings From Continuing Operations | 189.83 | 170.55 | 153.04 | 122.88 | 91.97 | Upgrade
|
| Net Income to Company | 189.83 | 170.55 | 153.04 | 122.88 | 91.97 | Upgrade
|
| Minority Interest in Earnings | -0.64 | -0.59 | -0.6 | -0.6 | -0.59 | Upgrade
|
| Net Income | 189.2 | 169.96 | 152.44 | 122.27 | 91.38 | Upgrade
|
| Preferred Dividends & Other Adjustments | 7.92 | 7.84 | 7.81 | 2.52 | 0.3 | Upgrade
|
| Net Income to Common | 181.28 | 162.12 | 144.62 | 119.76 | 91.08 | Upgrade
|
| Net Income Growth | 11.32% | 11.49% | 24.67% | 33.81% | 14.11% | Upgrade
|
| Basic Shares Outstanding | 101 | 95 | 79 | 67 | 52 | Upgrade
|
| Diluted Shares Outstanding | 102 | 95 | 79 | 67 | 52 | Upgrade
|
| Shares Change (YoY) | 6.75% | 20.56% | 17.91% | 28.14% | 27.10% | Upgrade
|
| EPS (Basic) | 1.79 | 1.70 | 1.84 | 1.79 | 1.76 | Upgrade
|
| EPS (Diluted) | 1.78 | 1.70 | 1.83 | 1.78 | 1.74 | Upgrade
|
| EPS Growth | 4.71% | -7.10% | 2.81% | 2.30% | -9.84% | Upgrade
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| Dividend Per Share | 3.000 | 2.919 | 2.805 | 2.604 | 2.405 | Upgrade
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| Dividend Growth | 2.77% | 4.06% | 7.72% | 8.27% | 5.48% | Upgrade
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| Operating Margin | 48.29% | 48.32% | 49.75% | 52.19% | 52.00% | Upgrade
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| Profit Margin | 29.38% | 30.16% | 33.65% | 35.29% | 36.64% | Upgrade
|
| Free Cash Flow Margin | 70.00% | 72.86% | 84.25% | 72.59% | 57.51% | Upgrade
|
| EBITDA | 537.67 | 468.52 | 380.2 | 269.26 | 211.44 | Upgrade
|
| EBITDA Margin | 87.13% | 87.17% | 88.46% | 79.35% | 85.06% | Upgrade
|
| D&A For Ebitda | 239.64 | 208.8 | 166.35 | 92.19 | 82.17 | Upgrade
|
| EBIT | 298.03 | 259.71 | 213.84 | 177.08 | 129.27 | Upgrade
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| EBIT Margin | 48.29% | 48.32% | 49.75% | 52.19% | 52.00% | Upgrade
|
| Funds From Operations (FFO) | 383.14 | 343.02 | 274.15 | 202.65 | 154.35 | Upgrade
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| FFO Per Share | 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
|
| FFO Payout Ratio | 79.24% | 80.95% | 80.36% | 95.88% | 75.22% | Upgrade
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| Effective Tax Rate | 2.22% | 1.68% | 1.83% | 1.92% | 1.17% | Upgrade
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| Revenue as Reported | 617.1 | 537.5 | 429.81 | 339.32 | 248.57 | Upgrade
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Source: S&P Capital IQ. Real Estate template. Financial Sources.