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Agree Realty (ADC)
NYSE:ADC
US Market

Agree Realty (ADC) Income Statement

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Agree Realty Income Statement

Last quarter (Q4 2025), Agree Realty's total revenue was $190.49M, an increase of 18.51% from the same quarter last year. In Q4, Agree Realty's net income was $56.04M. See Agree Realty’s key income statements, including revenue, expenses, profit, and income.
Income Statement
Dec 25Dec 24Dec 23Dec 22Dec 21
Total Revenue
$ 718.40M$ 617.10M$ 537.50M$ 429.81M$ 339.32M
Gross Profit
$ 630.25M$ 542.25M$ 470.78M$ 377.53M$ 298.26M
Operating Expenses
$ 289.86M$ 240.00M$ 216.39M$ 159.45M$ 107.99M
Depreciation and Amortization
$ 275.72M$ 240.22M$ 209.37M$ 166.91M$ 120.01M
EBITDA
$ 617.06M$ 543.26M$ 463.95M$ 386.24M$ 295.67M
Operating Income
$ 340.39M$ 302.24M$ 254.39M$ 218.09M$ 190.27M
Other Income/Expenses
$ -133.67M$ -108.11M$ -80.93M$ -62.19M$ -64.99M
Pretax Income
$ 206.72M$ 194.14M$ 173.46M$ 155.90M$ 125.28M
Net Income
$ 204.35M$ 189.20M$ 169.96M$ 152.44M$ 122.27M
Per Share Metrics
Basic EPS
$ 1.77$ 1.79$ 1.70$ 1.84$ 1.79
Diluted EPS
$ 1.77$ 1.78$ 1.70$ 1.83$ 1.78
Weighted Average Shares Outstanding
110.72M 101.10M 95.19M 78.66M 66.80M
Weighted Average Shares Outstanding (Diluted)
111.20M 101.88M 95.44M 79.16M 67.14M
Currency in USD

Agree Realty Earnings and Revenue History