undamentalytics Newsletter
Sign in

Agree Realty Corp income statement

In fiscal 2025, Agree Realty Corp reported revenue of $718m, up 16.4% on the year before, operating income of $340m (a 47.4% margin) and net income of $204m, or $1.77 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue3227303544547092112137187249339430537617718810
General and administrative556667789121621253035374447
Operating income1991519252840526373114133190218254302340396
Interest expense434569121518253340506381109135154
Income tax———————00111233422
Net income171510182018394558588091122152170189204241
Diluted EPS$2.14$1.64$0.99$1.62$1.50$1.24$2.16$1.97$2.08$1.78$1.93$1.74$1.78$1.83$1.70$1.78$1.77$2.01
Diluted shares (average)—9m10m11m13m15m18m23m28m32m41m52m67m79m95m102m111m120m
EBITDA241321263439577590106160200286352431509580667

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: ADC vs KRGADC vs PECOADC vs MAC

More: Retail REITs stocks compared, Real Estate sector, rankings of US companies

Figures from Agree Realty Corp's SEC filings (10-K and 10-Q), retrieved October 21, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Agree Realty Corp.