Agree Realty Corporation

Real Estate · REIT - Retail

67.60$ -0.6% vs. previous close Closing price · As of: Sep 21, 2026

Statements

Income Statement

Agree Realty Corporation (ADC) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (Q2 26), "Revenue" came in at 205 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

Tick rows to compare them in a chart (up to 4)

Income Statement ADC
Line item	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	LTM
Revenue	137	144	149	153	154	161	169	176	183	190	201	205	780
Cost of Revenue	16	18	18	18	18	20	20	22	22	24	25	164	235
Gross Profit	121	126	131	135	136	140	149	154	161	166	176	41	545
Selling, General & Administrative	8.8	8.7	9.5	9.7	9.1	8.9	11	11	11	11	11	12	45
Total Operating Expenses	58	57	60	53	62	65	70	72	74	74	77	-58	168
Operating Income	63	69	70	82	74	75	79	82	87	92	99	99	377
Interest Expense	21	22	24	26	29	29	31	32	35	36	36	39	146
Pre-Tax Income	42	47	46	56	46	46	48	50	53	56	99	55	263
Income Tax Expense	0.7	0.7	1.1	1.0	1.1	1.1	0.8	0.4	0.2	0.3	-0.5	0.4	0.4
Net Income	42	46	45	55	44	45	47	49	52	56	62	55	225
EBITDA	117	124	127	141	134	140	143	150	158	166	139	164	628

LTM = last twelve months (sum of the four most recent quarters).

Data as of: September 21, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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Income Statement

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