Agree Realty Corporation

ADC Real Estate Reit Retail

Agree Realty Corporation’s revenue for fiscal 2025 (year ended December 2025) was $718.4 million, up 16.4% from fiscal 2024. In the quarter to June 2026, revenue grew 16.9%, EPS grew 2.33%, free cash flow fell 56.3% and total debt rose 18.7%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for ten, operating cash flow growth for ten; insiders bought in the last twelve months.

66.97 0.41 +0.62%
Market cap
$8.3B
P/E
36.0×
Fwd P/E
37.9×
Dividend yield
5.14%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

An Income Statement, also known as a Profit and Loss Statement, summarizes a company's revenues, expenses, and profits over a specific period. It highlights how revenue is transformed into net income, showcasing operational efficiency. Key components include total revenue, cost of goods sold (COGS), gross profit, operating expenses, and net profit. Businesses use the Income Statement to assess financial performance, make strategic decisions, and ensure profitability. Investors and stakeholders analyze it to gauge the company’s financial health and future growth potential.

Older periods Sep '25 Dec '25 Mar '26 Jun '26
Revenue

+8 more TTM periods

688.64 718.40 750.05 779.62
Cost of Revenue
84.52 88.15 92.67 96.23
Gross Profit
604.13 630.25 657.37 683.38
SG&A Expenses
41.89 44.06 44.77 45.39
Operating Income
323.30 340.40 360.25 373.56
Non-operating Income/Expense
(129.14) (135.41) (140.18) (148.03)
Non-operating Interest Expenses
127.35 134.61 139.82 147.82
EBT
194.16 204.99 220.07 225.53
Income after Tax
194.16 204.99 220.07 225.53
Dividends (Preferred)
7.44 7.44 7.44 7.44
Non-Controlling Interest
0.61 0.64 0.67 0.67
Net Income Common
186.11 196.91 211.97 217.42
EPS (Basic)
1.72 1.77 1.85 1.86
EPS (Diluted)
1.71 1.77 1.85 1.86
Shares (Basic, Weighted)
107.30 109.70 112.90 115.46
Shares (Diluted, Weighted)
107.83 110.16 113.37 115.89
Gross Margin
87.73% 87.73% 87.64% 87.66%
EBIT Margin
46.95% 47.38% 48.03% 47.92%
EBT margin
28.19% 28.53% 29.34% 28.93%
Net Profit Margin
27.03% 27.41% 28.26% 27.89%
Free Cash Flow Margin
(149.90%) (144.39%) (142.56%) (153.42%)
EBITDA
597.63 623.53 656.85 683.36
EBIT
323.30 340.40 360.25 373.56
EPS (Diluted, from Cont. Ops)
1.78 1.84 1.92 1.93
EPS (Diluted, Consolidated)
1.78 1.84 1.92 1.93
EPS (Basic, Consolidated)
1.80 1.85 1.93 1.94
Shares (Diluted, Average)
108.53 111.11 114.32 116.84
EPS (Basic, from Continuous Ops)
1.80 1.85 1.93 1.94
Income from Continuous Operations
194.16 204.99 220.07 225.53
Consolidated Net Income/Loss
194.16 204.99 220.07 225.53
EBITDA Margin
86.78% 86.79% 87.57% 87.65%
Operating Cash Flow Margin
70.31% 70.18% 69.68% 68.49%

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In millions of $ except per-share values · columns are period end dates