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Agree Realty Corporation ADC
$ 71.85 0.11%

Quarterly report 2025-Q3
added 10-21-2025

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Agree Realty Corporation Income Statement 2011-2025 | ADC

Annual Income Statement Agree Realty Corporation

2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

7.35 B 5.44 B 5.66 B 4.64 B 3.24 B 3.08 B 2.09 B 1.32 B 1.06 B 665 M 516 M 375 M 314 M 241 M

Shares

101 M 95.2 M 78.7 M 66.8 M 51.8 M 40.6 M 32.1 M 27.6 M 22.9 M 18 M 14.9 M 13.1 M 11.1 M 9.64 M

Historical Prices

72.7 57.2 72 69.5 62.4 63.4 51.6 43.1 37 26.1 22.5 19.8 17.2 14.6

Net Income

189 M 170 M 152 M 122 M 91.4 M 80.1 M 58.2 M 58.1 M 45.1 M 39 M 18.5 M 19.7 M 18 M 9.55 M

Revenue

617 M 537 M 430 M 339 M 249 M 187 M 148 M 117 M 91.5 M 70 M 53.6 M 43.5 M 35.8 M 36.3 M

Gross Profit

- - - - - 164 M 131 M 104 M 82.9 M 63.6 M 48.6 M 39.9 M 32.2 M 31.4 M

Operating Income

302 M 254 M 218 M 190 M 133 M 114 M 73 M 63 M 51.7 M 40.1 M 27.9 M 25.4 M 19.4 M 15.3 M

Interest Expense

799 K 189 K 1.24 M 50.4 M 40.1 M 33.1 M 24.9 M 18.1 M 15.3 M 12.3 M 8.59 M 6.47 M 5.13 M 3.96 M

EBITDA

509 M 431 M 352 M 286 M 200 M 148 M 119 M 94.1 M 74.9 M 56.6 M 42 M 33.9 M 26.5 M 25.7 M

Operating Expenses

- - - - - 61.3 M 55.9 M 41.7 M 31.4 M 23.5 M 17.7 M 14.4 M 12.2 M 12.2 M

General and Administrative Expenses

37.2 M 34.8 M 30.1 M 25.5 M 20.8 M 15.6 M 12.2 M 9.95 M 8.02 M 6.99 M 6.63 M 5.95 M 5.68 M 5.66 M

All numbers in USD currency

Quarterly Income Statement Agree Realty Corporation

2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

111 M 110 M 107 M 107 M 100 M 100 M 100 M 101 M 97.3 M 93.1 M 90 M 90.2 M 79.7 M 75 M 71.2 M 71.3 M 69.1 M 64.8 M 62.8 M 60 M 53.7 M 52.7 M 45.4 M 45.6 M 41.8 M 40.6 M 37.5 M 37.5 M 31.8 M 30.8 M 30.8 M 31 M 28.6 M 26.4 M 26 M 26.2 M 23.5 M 22.2 M 20.4 M 20.6 M 18 M 17.5 M 17.4 M 17.5 M 14.7 M 14.7 M 14.7 M 14.9 M 13 M 13 M 12.6 M 11.4 M 11.2 M 11.2 M 10.7 M 9.85 M 9.64 M 9.63 M 9.62 M

Net Income

52.1 M 49.2 M 47 M - 44.4 M 54.7 M 44.9 M - 41.5 M 40.9 M 41.6 M - 39.4 M 36 M 36.3 M - 36.7 M 22.5 M 30.3 M - 21.3 M 25.3 M 21.2 M 22.6 M 20.6 M 18.6 M 18.3 M 13.2 M 15.6 M 12.9 M 16.5 M 16.5 M 12.2 M 14.9 M 14.6 M 12.9 M 14.3 M 10.7 M 7.46 M 7.93 M 14.6 M 10.3 M 6.37 M 5.72 M 4.85 M 2.65 M 5.38 M 5.62 M 4.53 M 4.41 M 5.25 M 4.75 M 3.91 M 4.94 M 4.6 M 3.22 K -1.79 M 3.69 M 4.54 M

Revenue

183 M 176 M 169 M - 154 M 153 M 149 M - 137 M 130 M 127 M - 110 M 105 M 98.3 M - 87.5 M 82.5 M 77.8 M - 63.8 M 57.5 M 55.8 M 52.1 M 48.1 M 44.9 M 42.3 M 37.4 M 34.1 M 33.2 M 32.5 M 31.5 M 30.4 M 28.1 M 26.6 M 25.3 M 24.2 M 21.8 M 20.2 M 19.2 M 17.8 M 17.2 M 15.7 M 14.3 M 13.8 M 12.9 M 12.6 M 11.7 M 11.3 M 10.6 M 9.93 M 9.27 M 8.9 M 8.37 M 8.09 M 7.74 K 7.64 K 7.87 K 8.15 K

Operating Income

87.3 M 82 M 78.7 M - 74.4 M 82 M 70.5 M - 63.1 M 61.6 M 60.5 M - 57.3 M 52.3 M 50.9 M - 50.3 M 43.4 M 42.9 M - 31.9 M 29.2 M 29.7 M - 26.7 M 23.4 M 22.5 M - 18.5 M 16.8 M 17.6 M - 16.5 M 14.9 M 14.3 M - 14.2 M 11.6 M 11.2 M - 9.78 M 9.94 M 9.06 M - 7.7 M 4.59 M 7.17 M - 6.54 M 5.9 M 5.7 M - 5.48 M 4.64 M 4.51 M - 3.52 M 4.47 M 5.12 M

Interest Expense

456 K 46 K 41 K - 104 K 366 K 117 K - 94 K 43 K 18 M - 17.1 M 15.5 M 13.9 M - 13.1 M 12.5 M 11.7 M - 10.2 M 8.48 M 9.67 M - 8.35 M 7.46 M 7.56 M - 6.54 M 5.96 M 5.46 M - 4.67 M 4.41 M 4.14 M - 4.09 M 3.5 M 3.65 M - 3.5 M 2.93 M 2.46 M - 2.44 M 1.87 M 1.79 M - 1.63 M 1.53 M 1.44 M - 1.34 M 1.15 M 1.14 M - -970 K -1.06 M 1.01 M

EBITDA

148 M 141 M 134 M - 126 M 132 M 119 M - 109 M 104 M 101 M - 92.5 M 84.3 M 79.5 M - 74.8 M 66.5 M 64.4 M - 49.2 M 44.8 M 43.8 M - 38.6 M 34.3 M 32.3 M - 26.6 M 24.9 M 25.4 M - 24.7 M 22.6 M 21.3 M - 20.3 M 17.3 M 16.3 M - 14.8 M 14.1 M 12.6 M - 10.6 M 7.18 M 9.68 M - 8.66 M 8.13 M 7.59 M - 7.12 M 6.31 M 5.99 M - 5.07 M 5.88 M 6.59 M

General and Administrative Expenses

10.9 M 11.3 M 10.8 M - 9.11 M 9.71 M 9.52 M - 8.84 M 8.42 M 8.82 M - 6.99 M 7.65 M 7.62 M - 5.69 M 6.24 M 6.88 M - 4.76 M 4.59 M 4.66 M - 3.83 M 3.88 M 4.04 M - 2.95 M 3.11 M 2.86 M - 2.45 M 2.36 M 2.48 M - 2.02 M 2.04 M 2.04 M - 1.77 M 1.74 M 1.67 M - 1.75 M 1.62 M 1.59 M - 1.59 M 1.59 M 1.49 M - 1.32 M 1.43 M 1.41 M - 1.09 M 1.52 M 1.44 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Agree Realty Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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