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Agree Realty Corporation (ADC)
NYSE:ADC
US Market

Agree Realty (ADC) Income Statement

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Agree Realty Income Statement

Last quarter (Q3 2025), Agree Realty's total revenue was $183.22M, an increase of 18.72% from the same quarter last year. In Q3, Agree Realty's net income was $50.26M. See Agree Realty’s key income statements, including revenue, expenses, profit, and income.
Income Statement
Dec 24Dec 23Dec 22Dec 21Dec 20
Total Revenue
$ 617.10M$ 537.50M$ 429.81M$ 339.32M$ 248.57M
Gross Profit
$ 542.25M$ 470.78M$ 377.53M$ 298.26M$ 216.82M
Operating Expenses
$ 240.00M$ 216.39M$ 159.45M$ 107.99M$ 83.68M
Depreciation and Amortization
$ 240.22M$ 209.37M$ 166.91M$ 120.01M$ 82.64M
EBITDA
$ 543.26M$ 463.95M$ 386.24M$ 295.67M$ 215.80M
Operating Income
$ 302.24M$ 254.39M$ 218.09M$ 190.27M$ 133.13M
Other Income/Expenses
$ -108.11M$ -80.93M$ -62.19M$ -64.99M$ -40.07M
Pretax Income
$ 194.14M$ 173.46M$ 155.90M$ 125.28M$ 93.06M
Net Income
$ 189.20M$ 169.96M$ 152.44M$ 122.27M$ 91.38M
Per Share Metrics
Basic EPS
$ 1.79$ 1.70$ 1.84$ 1.79$ 1.76
Diluted EPS
$ 1.78$ 1.70$ 1.83$ 1.78$ 1.74
Weighted Average Shares Outstanding
101.10M 95.19M 78.66M 66.80M 51.84M
Weighted Average Shares Outstanding (Diluted)
101.88M 95.44M 79.16M 67.14M 52.40M
Currency in USD

Agree Realty Earnings and Revenue History