ADC - NYSE
Agree Realty Corporation
$71.67
-1.2%Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol ADC.
At a Glance
Live SnapshotAgree Realty Corporation Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.
Agree Realty Corporation Income Statement
ADC • NYSE
| Agree Realty Corporation Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
718.4M | 617.1M | 537.5M | 429.8M | 339.3M | 248.6M | 187.5M | 137.1M | 111.5M | 91.5M | 70M | 53.6M | 43.5M | 34.6M | 30.3M | 27.4M | 34.4M | 35.7M | 34.5M | 32.9M | |
GROSS PROFIT | ||||||||||||||||||||
(88.1M) | (74.8M) | (66.7M) | (52.3M) | (41.1M) | (31.8M) | (23.5M) | (17M) | (12.5M) | (8.6M) | (6.4M) | (4.9M) | (3.7M) | (3.3M) | (3.5M) | (3.1M) | (3.9M) | (2.6M) | (0.0) | (0.0) | |
630.3M | 542.2M | 470.8M | 377.5M | 298.3M | 216.8M | 164M | 120.1M | 99.1M | 82.9M | 63.6M | 48.6M | 39.9M | 31.3M | 26.8M | 24.3M | 30.5M | 33.1M | 34.5M | 0.0 | |
OPERATING INCOME | ||||||||||||||||||||
(289.9M) | (240M) | (216.4M) | (159.4M) | (108M) | (83.7M) | (49.6M) | (47.1M) | (36.1M) | (31.3M) | (23.5M) | (20.8M) | (14.4M) | (11.9M) | (11.5M) | (15.5M) | (9.9M) | (11.6M) | (13.8M) | (13.1M) | |
(44.1M) | (37.2M) | (34.8M) | (30.1M) | (25.5M) | (20.8M) | (15.6M) | (12.2M) | (9.9M) | (8M) | (7M) | (6.6M) | (6M) | (5.7M) | (5.7M) | (5M) | (5.4M) | (4.4M) | (4.5M) | (4M) | |
340.4M | 302.2M | 254.4M | 218.1M | 190.3M | 133.1M | 114.4M | 73M | 63M | 51.7M | 40.1M | 27.9M | 25.4M | 19.4M | 15.3M | 8.8M | 20.6M | 21.5M | 20.7M | 19.8M | |
PRE-TAX INCOME | ||||||||||||||||||||
(134.6M) | (108.9M) | (81.1M) | (63.4M) | (50.4M) | (40.1M) | (33.1M) | (24.9M) | (18.1M) | (15.3M) | (12.3M) | (8.6M) | (6.5M) | (5.1M) | (4.7M) | (4.7M) | (4.6M) | (5.2M) | (4.9M) | (0.0) | |
-134.6M | -108.9M | -81.1M | -63.4M | -50.4M | -40.1M | -33.1M | -24.9M | -18.1M | -15.3M | -12.3M | -8.6M | -6.5M | -5.1M | -4M | -3.5M | -4.6M | -5.2M | -4.9M | 0.0 | |
(245.8M) | (202.8M) | (181.6M) | (129.3M) | (82.5M) | (62.9M) | (34M) | (35.3M) | (26.7M) | (23.3M) | (16.4M) | (14M) | (8.5M) | (0.0) | (5.8M) | (10.5M) | (5.4M) | (7.3M) | (6.9M) | (9.1M) | |
-133.7M | -108.1M | -80.9M | -62.2M | -65M | -40.1M | -33.1M | -13.7M | -3.9M | -5.7M | -351K | -9.1M | -6.5M | -5.1M | -1.6M | -3.5M | -20.6M | -21.5M | -20.7M | -19.8M | |
206.7M | 194.1M | 173.5M | 155.9M | 125.3M | 93.1M | 81.3M | 59.3M | 59M | 46M | 39.8M | 18.8M | 18.9M | 14.2M | 13.7M | 5.3M | 0.0 | 0.0 | 0.0 | 0.0 | |
NET INCOME | ||||||||||||||||||||
(1.7M) | (4.3M) | (2.9M) | (2.9M) | (2.4M) | (1.1M) | (538K) | (516K) | (0.0) | (0.0) | (0.0) | (8.9M) | -728.7K | -3.1M | (9.7M) | (6.5M) | -9.8M | -13.2M | (5.2M) | (5.8M) | |
204.3M | 189.2M | 170M | 152.4M | 122.3M | 91.4M | 80.1M | 58.2M | 58.1M | 45.1M | 39M | 18.5M | 19.7M | 18M | 9.6M | 15.1M | 18M | 15M | 15.5M | 14M |
SEC Filings
ADC - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 14, 2026 | May 14, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 24, 2026 | April 24, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 21, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 21, 2026 | April 21, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 02, 2026 | May 14, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 02, 2026 | April 02, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 26, 2026 | February 26, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 10, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 10, 2026 | February 10, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 05, 2026 | January 05, 2026 | 2026 |
Related Guides
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Research Paths
Snapshot
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Value Model
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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