Agree Realty Corporation (ADC)
NYSE: ADC · Real-Time Price · USD
70.30
-0.51 (-0.72%)
Dec 27, 2024, 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 | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | 2018 - 2014 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '24 Sep 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | 2018 - 2014 |
| Rental Revenue | 600.28 | 537.4 | 429.63 | 339.07 | 248.31 | 187.28 | Upgrade
|
| Other Revenue | 0.24 | 0.09 | 0.18 | 0.26 | 0.26 | 0.2 | Upgrade
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| Total Revenue | 600.53 | 537.5 | 429.81 | 339.32 | 248.57 | 187.48 | Upgrade
|
| Revenue Growth (YoY | 17.78% | 25.05% | 26.67% | 36.51% | 32.59% | 36.72% | Upgrade
|
| Property Expenses | 72.4 | 66.72 | 52.28 | 41.06 | 31.75 | 23.51 | Upgrade
|
| Selling, General & Administrative | 37.04 | 34.79 | 30.12 | 25.46 | 20.79 | 15.57 | Upgrade
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| Depreciation & Amortization | 197.68 | 176.28 | 133.57 | 95.73 | 66.76 | 45.7 | Upgrade
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| Total Operating Expenses | 307.11 | 277.78 | 215.97 | 162.25 | 119.3 | 84.78 | Upgrade
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| Operating Income | 293.41 | 259.71 | 213.84 | 177.08 | 129.27 | 102.7 | Upgrade
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| Interest Expense | -102.18 | -81.12 | -63.44 | -50.38 | -40.1 | -33.09 | Upgrade
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| Other Non-Operating Income | 0.59 | 0.19 | 1.16 | 0.17 | 0.02 | - | Upgrade
|
| EBT Excluding Unusual Items | 191.82 | 178.78 | 151.57 | 126.87 | 89.19 | 69.6 | Upgrade
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| Gain (Loss) on Sale of Assets | 12.56 | 1.85 | 5.34 | 14.94 | 8 | 13.31 | Upgrade
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| Asset Writedown | -9.89 | -7.18 | -1.02 | -1.92 | -4.14 | -1.61 | Upgrade
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| Other Unusual Items | - | - | - | -14.61 | - | - | Upgrade
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| Pretax Income | 194.5 | 173.46 | 155.9 | 125.28 | 93.06 | 81.3 | Upgrade
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| Income Tax Expense | 3.94 | 2.91 | 2.86 | 2.4 | 1.09 | 0.54 | Upgrade
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| Earnings From Continuing Operations | 190.56 | 170.55 | 153.04 | 122.88 | 91.97 | 80.76 | Upgrade
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| Net Income to Company | 190.56 | 170.55 | 153.04 | 122.88 | 91.97 | 80.76 | Upgrade
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| Minority Interest in Earnings | -0.64 | -0.59 | -0.6 | -0.6 | -0.59 | -0.68 | Upgrade
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| Net Income | 189.91 | 169.96 | 152.44 | 122.27 | 91.38 | 80.08 | Upgrade
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| Preferred Dividends & Other Adjustments | 7.92 | 7.84 | 7.81 | 2.52 | 0.3 | 0.38 | Upgrade
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| Net Income to Common | 181.99 | 162.12 | 144.62 | 119.76 | 91.08 | 79.7 | Upgrade
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| Net Income Growth | 15.15% | 11.49% | 24.67% | 33.81% | 14.11% | 37.66% | Upgrade
|
| Basic Shares Outstanding | 100 | 95 | 79 | 67 | 52 | 41 | Upgrade
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| Diluted Shares Outstanding | 101 | 95 | 79 | 67 | 52 | 41 | Upgrade
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| Shares Change (YoY) | 8.92% | 20.56% | 17.91% | 28.14% | 27.10% | 27.23% | Upgrade
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| EPS (Basic) | 1.81 | 1.70 | 1.84 | 1.79 | 1.76 | 1.96 | Upgrade
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| EPS (Diluted) | 1.81 | 1.70 | 1.83 | 1.78 | 1.74 | 1.93 | Upgrade
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| EPS Growth | 6.31% | -7.10% | 2.81% | 2.30% | -9.84% | 8.43% | Upgrade
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| Dividend Per Share | 2.982 | 2.919 | 2.805 | 2.604 | 2.405 | 2.280 | Upgrade
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| Dividend Growth | 2.90% | 4.06% | 7.72% | 8.27% | 5.48% | 5.80% | Upgrade
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| Operating Margin | 48.86% | 48.32% | 49.75% | 52.19% | 52.00% | 54.78% | Upgrade
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| Profit Margin | 30.31% | 30.16% | 33.65% | 35.29% | 36.64% | 42.51% | Upgrade
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| Free Cash Flow Margin | 73.03% | 72.86% | 84.25% | 72.59% | 57.51% | 67.58% | Upgrade
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| EBITDA | 465.06 | 410.69 | 337.2 | 269.26 | 211.44 | 161.45 | Upgrade
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| EBITDA Margin | 77.44% | 76.41% | 78.45% | 79.35% | 85.06% | 86.12% | Upgrade
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| D&A For Ebitda | 171.65 | 150.98 | 123.35 | 92.19 | 82.17 | 58.75 | Upgrade
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| EBIT | 293.41 | 259.71 | 213.84 | 177.08 | 129.27 | 102.7 | Upgrade
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| EBIT Margin | 48.86% | 48.32% | 49.75% | 52.19% | 52.00% | 54.78% | Upgrade
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| Funds From Operations (FFO) | 376.09 | 343.02 | 274.15 | 202.65 | 154.35 | 114.49 | Upgrade
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| FFO Per Share | 3.72 | 3.58 | 3.45 | 3.00 | 2.93 | 2.75 | Upgrade
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| Adjusted Funds From Operations (AFFO) | - | 378.74 | 304.92 | 236.97 | 168.75 | 125.51 | Upgrade
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| AFFO Per Share | - | 3.95 | 3.83 | 3.51 | 3.20 | 3.02 | Upgrade
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| FFO Payout Ratio | 79.61% | 80.95% | 80.36% | 95.88% | 75.22% | 78.84% | Upgrade
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| Effective Tax Rate | 2.03% | 1.68% | 1.83% | 1.92% | 1.17% | 0.66% | Upgrade
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| Revenue as Reported | 600.53 | 537.5 | 429.81 | 339.32 | 248.57 | 187.48 | Upgrade
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Source: S&P Capital IQ. Real Estate template. Financial Sources.