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) Net margin

Alert me on Net margin

Agree Realty Corporation's net margin over the twelve months to 30 September 2026 was 28.8%, up 1.4 percentage points from fiscal 2025 (27.4%). Over the past ten years it has ranged from 27.4% (fiscal 2025) to 55.8% (fiscal 2015) — the current reading is the lowest in ten years. That is in line with the Reit Retail industry median of 29.4% and above the Real Estate sector median of 4.66%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 27.4% (2.04)
FY2024 29.5% (0.79)
FY2023 30.2% (3.50)
FY2022 33.7% (1.66)
FY2021 35.4% (1.36)
FY2020 36.8% (5.95)
FY2019 42.7% 0.29
FY2018 42.4% (9.69)
FY2017 52.1% 2.82
FY2016 49.3% (6.48)

Quarterly newest first

Period Net margin Change (points)
Sep 2026 31.1% 5.35
Jun 2026 25.7% (4.24)
Mar 2026 30.0% 1.54
Dec 2025 28.4% 1.01
43 more quarters

Against its own ten years

Low 27.4% High 55.8%
Ten-year median 36.8%
Current reading's percentile 14

Net margin against peers

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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