Agree Realty Corporation

Real Estate · REIT - Retail

67.20$ +0.1% vs. previous close Closing price · As of: Sep 24, 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.

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Income Statement ADC
Line item	Q3 16	Q4 16	Q1 17	Q2 17	Q3 17	Q4 17	Q1 18	Q2 18	Q3 18	Q4 18	Q1 19	Q2 19	Q3 19	Q4 19	Q1 20	Q2 20	Q3 20	Q4 20	Q1 21	Q2 21	Q3 21	Q4 21	Q1 22	Q2 22	Q3 22	Q4 22	Q1 23	Q2 23	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	24	25	27	30	30	32	32	33	34	49	42	45	48	52	56	58	64	71	78	83	88	91	98	105	110	117	127	130	137	144	149	153	154	161	169	176	183	190	201	205	780
Cost of Revenue	1.8	2.4	2.8	3.2	3.2	3.3	4.1	4.0	4.0	5.0	5.6	5.6	5.6	6.7	7.4	7.0	7.9	9.4	9.6	9.8	11	11	12	13	13	13	17	16	16	18	18	18	18	20	20	22	22	24	25	164	235
Gross Profit	22	23	24	27	27	28	28	29	30	44	37	39	42	45	48	51	56	62	68	73	77	80	86	92	97	103	110	114	121	126	131	135	136	140	149	154	161	166	176	41	545
Research & Development	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, General & Administrative	2.0	1.9	2.6	2.6	2.5	2.3	2.9	2.9	2.9	3.2	4.0	3.9	3.8	3.8	4.7	4.6	4.8	6.8	6.9	6.2	5.7	6.7	7.6	7.7	7.0	7.9	8.8	8.4	8.8	8.7	9.5	9.7	9.1	8.9	11	11	11	11	11	12	45
Total Operating Expenses	8.2	8.4	9.5	10	11	11	11	12	12	13	14	16	16	17	19	21	24	26	25	23	27	33	35	40	39	46	49	52	58	57	60	53	62	65	70	72	74	74	77	-58	168
Operating Income	14	14	14	16	16	17	18	17	19	20	22	23	27	28	30	29	32	36	43	50	50	47	51	52	57	57	61	62	63	69	70	82	74	75	79	82	87	92	99	99	377
Interest Expense	4.1	4.1	4.1	4.7	4.7	4.9	5.5	6.0	6.5	6.9	7.6	7.5	8.4	9.7	9.7	8.5	10	12	12	13	13	13	14	16	17	17	18	20	21	22	24	26	29	29	31	32	35	36	36	39	146
Pre-Tax Income	14	13	15	12	12	17	17	13	16	13	18	19	21	23	22	26	22	24	31	23	37	34	37	37	40	42	43	42	42	47	46	56	46	46	48	50	53	56	99	55	263
Income Tax Expense	-0.1	-0.5	-0.4	-0.2	4.3	-0.5	0.1	0.1	0.1	0.1	-0.2	0.2	0.2	0.3	0.3	0.3	0.3	0.3	1.0	0.5	0.4	0.5	0.7	0.7	0.7	0.7	0.8	0.7	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	14	13	15	15	12	16	16	16	16	13	18	19	21	23	21	25	21	24	30	22	37	33	36	36	39	41	42	41	42	46	45	55	44	45	47	49	52	56	62	55	225
EBITDA	20	21	21	32	25	26	28	29	30	41	36	40	45	45	49	50	53	60	69	64	78	83	86	93	101	105	110	113	117	124	127	141	134	140	143	150	158	166	139	164	628

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

Showing the most recent 40 periods — older statements are on file for this stock.

Data as of: September 24, 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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