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.

Revenue
+16.7%
EPS
+17.8%
Free cash flow
+50.0%
Total debt
+10.5%

Quarter to September 2026, against a year earlier

70.43 0.47 +0.67%
Market cap
$9.2B
P/E
36.3×
Fwd P/E
34.2×
Dividend yield
4.52%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Agree Realty Corporation (ADC) Gross margin

Alert me on 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

Embed this chart

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

Against its own ten years

Low 87.2% High 90.9%
Ten-year median 87.8%
Current reading's percentile 30

Gross margin against peers

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

The full definition of Gross margin →

More on ADC