Agree Realty Corporation (ADC)

Agree Realty Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1994
Revenue	537.5	429.81	339.32	248.57	187.48	137.12	111.52	91.53	69.97	53.56	Upgrade
Revenue Growth (YoY)	25.05%	26.67%	36.51%	32.59%	36.72%	22.96%	21.84%	30.82%	30.63%	23.07%	Upgrade
Cost of Revenue	65.05	50.66	39.51	30.45	22.27	16.37	11.81	7.94	5.77	4.45	Upgrade
Gross Profit	472.44	379.15	299.81	218.12	165.21	120.76	99.7	83.58	64.19	49.11	Upgrade
Selling, General & Admin	34.79	30.12	25.46	20.79	15.57	11.76	9.43	7.86	6.99	6.63	Upgrade
Other Operating Expenses	183.27	130.94	84.09	64.19	35.25	35.99	27.31	24.06	17.09	14.59	Upgrade
Operating Expenses	218.06	161.07	109.55	84.99	50.81	47.75	36.74	31.92	24.08	21.22	Upgrade
Operating Income	254.39	218.09	190.27	133.13	114.4	73.01	62.96	51.66	40.11	27.89	Upgrade
Interest Expense / Income	81.12	63.44	50.38	40.1	33.09	24.87	18.14	15.34	12.31	8.59	Upgrade
Other Expense / Income	0.4	-0.65	15.22	0.57	0.68	-10.55	-13.52	-8.95	-11.21	0.82	Upgrade
Pretax Income	172.87	155.3	124.67	92.47	80.62	58.69	58.34	45.27	39.02	18.49	Upgrade
Income Tax	2.91	2.86	2.4	1.09	0.54	0.52	0.23	0.15	0	0	Upgrade
Net Income	169.96	152.44	122.27	91.38	80.08	58.17	58.11	45.12	39.02	18.49	Upgrade
Preferred Dividends	7.44	7.44	2.15	0	0	0	0	0	0	0	Upgrade
Net Income Common	162.52	145	120.13	91.38	80.08	58.17	58.11	45.12	39.02	18.49	Upgrade
Net Income Growth	12.08%	20.71%	31.46%	14.11%	37.66%	0.10%	28.80%	15.63%	111.05%	-6.03%	Upgrade
Shares Outstanding (Basic)	95	79	67	52	41	32	28	23	18	15	Upgrade
Shares Outstanding (Diluted)	95	79	67	52	41	32	28	23	18	15	Upgrade
Shares Change	20.56%	17.91%	28.14%	27.10%	27.23%	16.97%	20.65%	27.09%	20.70%	13.75%	Upgrade
EPS (Basic)	1.70	1.84	1.79	1.76	1.96	1.80	2.09	1.97	2.17	1.24	Upgrade
EPS (Diluted)	1.70	1.83	1.78	1.74	1.93	1.78	2.08	1.97	2.16	1.24	Upgrade
EPS Growth	-7.10%	2.81%	2.30%	-9.84%	8.43%	-14.42%	5.58%	-8.80%	74.19%	-17.33%	Upgrade
Free Cash Flow	-882.95	-1,253.35	-1,139.83	-1,155.66	-540.4	-473.53	-236.33	-235.13	-158.03	-112.39	Upgrade
Free Cash Flow Per Share	-9.28	-15.93	-17.06	-22.29	-13.32	-14.77	-8.55	-10.28	-8.78	-7.55	Upgrade
Dividend Per Share	2.919	2.805	2.604	2.405	2.280	2.155	2.025	1.920	1.845	1.740	Upgrade
Dividend Growth	4.06%	7.72%	8.27%	5.48%	5.80%	6.42%	5.47%	4.07%	6.03%	6.10%	Upgrade
Gross Margin	87.90%	88.21%	88.36%	87.75%	88.12%	88.06%	89.41%	91.32%	91.75%	91.70%	Upgrade
Operating Margin	47.33%	50.74%	56.07%	53.56%	61.02%	53.24%	56.46%	56.44%	57.33%	52.08%	Upgrade
Profit Margin	30.24%	33.74%	35.40%	36.76%	42.71%	42.42%	52.11%	49.29%	55.77%	34.52%	Upgrade
Free Cash Flow Margin	-164.27%	-291.60%	-335.91%	-464.93%	-288.25%	-345.34%	-211.92%	-256.90%	-225.87%	-209.85%	Upgrade
Effective Tax Rate	1.68%	1.84%	1.93%	1.17%	0.67%	0.88%	0.39%	0.34%	-	-	Upgrade
EBITDA	430.27	352.3	270.78	199.32	159.42	116.59	103.14	84.02	67.81	38.18	Upgrade
EBITDA Margin	80.05%	81.97%	79.80%	80.19%	85.03%	85.03%	92.49%	91.80%	96.92%	71.28%	Upgrade
Depreciation & Amortization	176.28	133.57	95.73	66.76	45.7	33.03	26.66	23.41	16.49	11.1	Upgrade
EBIT	253.99	218.73	175.05	132.56	113.71	83.56	76.48	60.61	51.32	27.08	Upgrade
EBIT Margin	47.25%	50.89%	51.59%	53.33%	60.65%	60.94%	68.58%	66.23%	73.35%	50.55%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).