Agree Realty Corporation (ADC)
NYSE: ADC · Real-Time Price · USD
81.35
+0.32 (0.39%)
At close: Mar 6, 2026, 4:00 PM EST
81.63
+0.28 (0.34%)
After-hours: Mar 6, 2026, 7:35 PM EST
Agree Realty Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|
Period Ending | 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 | 2020 - 2016 |
| Rental Revenue | 718.16 | 616.82 | 537.4 | 429.63 | 339.07 | Upgrade
|
| Other Revenue | 0.24 | 0.27 | 0.09 | 0.18 | 0.26 | Upgrade
|
| Total Revenue | 718.4 | 617.1 | 537.5 | 429.81 | 339.32 | Upgrade
|
| Revenue Growth (YoY | 16.42% | 14.81% | 25.05% | 26.67% | 36.51% | Upgrade
|
| Property Expenses | 88.15 | 74.85 | 66.72 | 52.28 | 41.06 | Upgrade
|
| Selling, General & Administrative | 44.06 | 37.23 | 34.79 | 30.12 | 25.46 | Upgrade
|
| Depreciation & Amortization | 239.31 | 206.99 | 176.28 | 133.57 | 95.73 | Upgrade
|
| Total Operating Expenses | 371.52 | 319.07 | 277.78 | 215.97 | 162.25 | Upgrade
|
| Operating Income | 346.88 | 298.03 | 259.71 | 213.84 | 177.08 | Upgrade
|
| Interest Expense | -134.61 | -108.9 | -81.12 | -63.44 | -50.38 | Upgrade
|
| Other Non-Operating Income | 0.94 | 0.8 | 0.19 | 1.25 | - | Upgrade
|
| EBT Excluding Unusual Items | 213.21 | 189.92 | 178.78 | 151.65 | 126.7 | Upgrade
|
| Gain (Loss) on Sale of Assets | 5.39 | 11.44 | 1.85 | 5.26 | 15.11 | Upgrade
|
| Asset Writedown | -11.87 | -7.22 | -7.18 | -1.02 | -1.92 | Upgrade
|
| Other Unusual Items | - | - | - | - | -14.61 | Upgrade
|
| Pretax Income | 206.72 | 194.14 | 173.46 | 155.9 | 125.28 | Upgrade
|
| Income Tax Expense | 1.74 | 4.31 | 2.91 | 2.86 | 2.4 | Upgrade
|
| Earnings From Continuing Operations | 204.99 | 189.83 | 170.55 | 153.04 | 122.88 | Upgrade
|
| Minority Interest in Earnings | -0.64 | -0.64 | -0.59 | -0.6 | -0.6 | Upgrade
|
| Net Income | 204.35 | 189.2 | 169.96 | 152.44 | 122.27 | Upgrade
|
| Preferred Dividends & Other Adjustments | 7.88 | 7.92 | 7.84 | 7.81 | 2.52 | Upgrade
|
| Net Income to Common | 196.47 | 181.28 | 162.12 | 144.62 | 119.76 | Upgrade
|
| Net Income Growth | 8.01% | 11.32% | 11.49% | 24.67% | 33.81% | Upgrade
|
| Basic Shares Outstanding | 111 | 101 | 95 | 79 | 67 | Upgrade
|
| Diluted Shares Outstanding | 111 | 102 | 95 | 79 | 67 | Upgrade
|
| Shares Change (YoY) | 9.15% | 6.75% | 20.56% | 17.91% | 28.14% | Upgrade
|
| EPS (Basic) | 1.77 | 1.79 | 1.70 | 1.84 | 1.79 | Upgrade
|
| EPS (Diluted) | 1.77 | 1.78 | 1.70 | 1.83 | 1.78 | Upgrade
|
| EPS Growth | -0.56% | 4.71% | -7.10% | 2.81% | 2.30% | Upgrade
|
| Dividend Per Share | 3.081 | 3.000 | 2.919 | 2.805 | 2.604 | Upgrade
|
| Dividend Growth | 2.70% | 2.77% | 4.06% | 7.72% | 8.27% | Upgrade
|
| Operating Margin | 48.28% | 48.30% | 48.32% | 49.75% | 52.19% | Upgrade
|
| Profit Margin | 27.35% | 29.38% | 30.16% | 33.65% | 35.29% | Upgrade
|
| EBITDA | 619.75 | 536.07 | 466.82 | 378.6 | 269.26 | Upgrade
|
| EBITDA Margin | 86.27% | 86.87% | 86.85% | 88.08% | 79.35% | Upgrade
|
| D&A For Ebitda | 272.87 | 238.04 | 207.1 | 164.75 | 92.19 | Upgrade
|
| EBIT | 346.88 | 298.03 | 259.71 | 213.84 | 177.08 | Upgrade
|
| EBIT Margin | 48.28% | 48.30% | 48.32% | 49.75% | 52.19% | Upgrade
|
| Funds From Operations (FFO) | 441.02 | 383.14 | 343.02 | 274.15 | 202.65 | Upgrade
|
| FFO Per Share | 3.95 | 3.75 | 3.58 | 3.45 | 3.00 | Upgrade
|
| Adjusted Funds From Operations (AFFO) | 482.8 | 422.82 | 378.74 | 304.92 | 236.97 | Upgrade
|
| AFFO Per Share | 4.33 | 4.14 | 3.95 | 3.83 | 3.51 | Upgrade
|
| FFO Payout Ratio | 77.24% | 79.24% | 80.95% | 80.36% | 95.88% | Upgrade
|
| Effective Tax Rate | 0.84% | 2.22% | 1.68% | 1.84% | 1.92% | Upgrade
|
| Revenue as Reported | 718.4 | 617.1 | 537.5 | 429.81 | 339.32 | Upgrade
|
Source: S&P Capital IQ. Real Estate template. Financial Sources.