Agree Realty Corp revenue

Agree Realty Corp's revenue was $718m in fiscal 2025, up 16.4% on the year before. Since fiscal 2009 ($32.0m) it has grown at a compound 21.5% a year. Over the last twelve months it was $810m.

Revenue history

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

Agree Realty Corp: revenue history, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	32	27	30	35	44	54	70	92	112	137	187	249	339	430	537	617	718	810
Growth on the year before	—	−14.2%	+10.4%	+14.4%	+25.7%	+23.1%	+30.6%	+30.8%	+21.8%	+23.0%	+36.7%	+32.6%	+36.5%	+26.7%	+25.1%	+14.8%	+16.4%	—

US$ millions unless shown otherwise. Fiscal quarters.

Agree Realty Corp: revenue history, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	161	169	176	183	190	201	205	214
Growth on the same quarter a year before	—	—	—	—	+18.5%	+18.7%	+16.8%	+16.7%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Retail REITs: the closest covered companies by revenue. Last twelve months.

Company	Revenue	Growth	3-year growth a year
Agree Realty Corp	$810m	17.7%	16.7%
Kite Realty Group Trust	$792m	-7.0%	-1.4%
Phillips Edison & Company, Inc.	$761m	7.0%	8.2%
Macerich Co	$1.01bn	1.3%	5.1%
Essential Properties Realty Trust, Inc.	$639m	20.4%	23.9%
CBL & Associates Properties Inc	$588m	9.0%	2.1%

Compare with peers

Head to head: ADC vs KRG ADC vs PECO ADC 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.