Agree Realty Corporation
Agree Realty Corporation’s revenue for fiscal 2025 (year ended December 2025) was $718.4 million, up 16.4% from fiscal 2024.
- Revenue
- +16.7%
- EPS
- +17.8%
- Free cash flow
- +50.0%
- Total debt
- +10.5%
Quarter to September 2026, against a year earlier
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Agree Realty Corporation (ADC) Gross margin
Agree Realty Corporation's gross margin over the twelve months to 30 September 2026 was 87.6%, down 0.1 percentage points from fiscal 2025 (87.7%). Over the past ten years it has ranged from 87.2% (fiscal 2020) to 90.9% (fiscal 2015); the current reading is higher than 45% of that period. That is above the Reit Retail industry median of 71.8% and above the Real Estate sector median of 62.8%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 87.7% | (0.14) |
| FY2024 | 87.9% | 0.28 |
| FY2023 | 87.6% | (0.25) |
| FY2022 | 87.8% | (0.06) |
| FY2021 | 87.9% | 0.67 |
| FY2020 | 87.2% | (0.23) |
| FY2019 | 87.5% | (0.13) |
| FY2018 | 87.6% | (1.23) |
| FY2017 | 88.8% | (1.79) |
| FY2016 | 90.6% | (0.27) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 87.7% | 0.07 |
| Jun 2026 | 87.6% | 0.03 |
| Mar 2026 | 87.6% | 0.20 |
| Dec 2025 | 87.4% | (0.61) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| EPRT Essential Properties Realty Trust, Inc. compare | 99.0% |
| NNN NNN REIT, Inc. compare | 96.3% |
| ADC Agree Realty Corporation | 87.6% |
| BRX Brixmor Property Group Inc. compare | 75.3% |
| KRG Kite Realty Group Trust compare | 73.0% |
| PECO Phillips Edison & Company, Inc. compare | 71.1% |
| REG Regency Centers Corporation compare | 70.4% |
| FRT Federal Realty Investment Trust compare | 67.7% |
| MAC Macerich Company (The) compare | 0.00% |
| Reit Retail industry median | 71.8% |
| Real Estate sector median | 62.8% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
- Net income
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- Free cash flow
- Operating cash flow
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- Net margin
- Free cash flow margin
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- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
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- Return on equity
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- Current ratio
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