Agree Realty Corporation (ADC)
NYSE: ADC · Real-Time Price · USD
77.80
-0.34 (-0.44%)
At close: Jul 31, 2026, 4:00 PM EDT
77.38
-0.42 (-0.54%)
After-hours: Jul 31, 2026, 7:57 PM EDT
Agree Realty Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Property Revenue | 779.31 | 718.16 | 616.82 | 537.4 | 429.63 | 339.07 |
Service and Other Revenue | 0.31 | 0.24 | 0.27 | 0.09 | 0.18 | 0.26 |
| 779.62 | 718.4 | 617.1 | 537.5 | 429.81 | 339.32 | |
Revenue Growth | 18.17% | 16.42% | 14.81% | 25.05% | 26.67% | 36.51% |
Property Expenses | 38.38 | 35.92 | 27.97 | 26.63 | 20.2 | 15.55 |
Total Property Expenses | 38.38 | 35.92 | 27.97 | 26.63 | 20.2 | 15.55 |
Property Taxes | 57.86 | 52.23 | 46.88 | 40.09 | 32.08 | 25.51 |
Gross Profit | 683.39 | 630.25 | 542.25 | 470.78 | 377.53 | 298.26 |
Selling, General & Admin | 45.39 | 44.06 | 37.23 | 34.79 | 30.12 | 25.46 |
Depreciation & Amortization Expenses | 260.41 | 239.31 | 206.99 | 176.28 | 133.57 | 95.73 |
Other Operating Expenses | 11.88 | 11.87 | 7.22 | 7.18 | 1.02 | 1.92 |
Operating Income | 365.67 | 335.01 | 290.8 | 252.54 | 212.83 | 175.16 |
Net Gains on Disposal of Properties | 7.88 | 5.39 | 11.44 | 1.85 | 5.26 | 15.11 |
Interest Expense | -147.82 | -134.61 | -108.9 | -81.12 | -63.44 | -50.38 |
Other Non-Operating Income (Expense) | 1.15 | 0.94 | 0.8 | 0.19 | 1.25 | 14.61 |
Total Non-Operating Income (Expense) | -138.79 | -128.29 | -96.66 | -79.08 | -56.93 | -20.65 |
Pretax Income | 226.89 | 206.72 | 194.14 | 173.46 | 155.9 | 154.51 |
Provision for Income Taxes | 1.36 | 1.74 | 4.31 | 2.91 | 2.86 | 2.4 |
Net Income | 225.53 | 204.99 | 189.83 | 170.55 | 153.04 | 122.88 |
Minority Interest in Earnings | 0.67 | 0.64 | 0.64 | 0.59 | 0.6 | 0.6 |
Net Income Attributable to Preferred Dividends | 7.44 | 7.44 | 7.44 | 7.44 | 7.44 | 2.15 |
Net Income to Common | 217.42 | 196.91 | 181.76 | 162.52 | 145 | 120.13 |
Net Income Growth | 21.89% | 8.34% | 11.84% | 12.08% | 20.71% | 31.45% |
Shares Outstanding (Basic) | 116 | 111 | 101 | 95 | 79 | 67 |
Shares Outstanding (Diluted) | 117 | 111 | 102 | 95 | 79 | 67 |
Shares Change | 10.14% | 9.15% | 6.75% | 21.33% | 17.75% | 28.87% |
EPS (Basic) | 1.86 | 1.77 | 1.79 | 1.70 | 1.84 | 1.79 |
EPS (Diluted) | 1.86 | 1.77 | 1.78 | 1.70 | 1.84 | 1.79 |
EPS Growth | 10.71% | -0.56% | 4.71% | -7.61% | 2.79% | 1.70% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -1,271 | -1,081 | -547.77 | -897.24 | -1,299 | -1,196 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Per Share | -10.88 | -9.72 | -5.38 | -9.40 | -16.51 | -17.91 |
Dividends Per Share | 3.141 | 3.081 | 3.000 | 2.919 | 2.805 | 2.604 |
Dividend Growth | 3.46% | 2.70% | 2.77% | 4.06% | 7.72% | 8.27% |
Gross Margin | 87.66% | 87.73% | 87.87% | 87.59% | 87.84% | 87.90% |
Operating Margin | 46.90% | 46.63% | 47.12% | 46.98% | 49.52% | 51.62% |
Profit Margin | 28.93% | 28.53% | 30.76% | 31.73% | 35.60% | 36.21% |
FCF Margin | -163.05% | -150.48% | -88.77% | -166.93% | -302.17% | -352.56% |
EBITDA | 675.48 | 618.14 | 537.35 | 466.65 | 383.8 | 297.53 |
EBITDA Margin | 86.64% | 86.04% | 87.08% | 86.82% | 89.29% | 87.68% |
EBIT | 365.67 | 335.01 | 290.8 | 252.54 | 212.83 | 175.16 |
EBIT Margin | 46.90% | 46.63% | 47.12% | 46.98% | 49.52% | 51.62% |
Effective Tax Rate | 0.60% | 0.84% | 2.22% | 1.68% | 1.83% | 1.55% |