Agree Realty Corp (ADC.PA) stock
ADC.PANYSEReal Estate Investment TrustsFiscal year ends December 31Also trades as ADC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 20, 2026Score 12/3013% above fair value
$15.76−0.18 (-1.13%)
Close on Oct 30, 2026Market cap $8.34BP/E 36.1Yield 4.58%
Agree Realty operating income
Operating income is the profit from the core business after operating expenses such as R&D and selling costs, before interest and taxes.
Agree Realty's operating income for the twelve months ending Jun 30, 2026 was $373.56M, up 20.3% year over year. For fiscal 2025 it was $340.40M, up 12.6% from the year before. Over ten years it grew 23.8% a year on average. The highest annual figure on record is $340.40M in fiscal 2025.
Annual operating income
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $340.40M | +12.6% |
| FY2024 | Dec 31, 2024 | $302.24M | +18.8% |
| FY2023 | Dec 31, 2023 | $254.39M | +16.6% |
| FY2022 | Dec 31, 2022 | $218.09M | +14.6% |
| FY2021 | Dec 31, 2021 | $190.27M | +42.9% |
| FY2020 | Dec 31, 2020 | $133.13M | +16.4% |
| FY2019 | Dec 31, 2019 | $114.40M | +56.7% |
| FY2018 | Dec 31, 2018 | $73.01M | +16.0% |
| FY2017 | Dec 31, 2017 | $62.96M | +21.9% |
| FY2016 | Dec 31, 2016 | $51.66M | +28.8% |
| FY2015 | Dec 31, 2015 | $40.11M | +43.8% |
| FY2014 | Dec 31, 2014 | $27.89M | +9.7% |
| FY2013 | Dec 31, 2013 | $25.42M | +31.2% |
| FY2012 | Dec 31, 2012 | $19.37M | +26.4% |
| FY2011 | Dec 31, 2011 | $15.33M | +74.1% |
| FY2010 | Dec 31, 2010 | $8.81M | -52.6% |
| FY2009 | Dec 31, 2009 | $18.57M | – |
Quarterly operating income
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | $95.31M | +16.2% |
| Q1 FY2026 | Mar 31, 2026 | $98.55M | +25.2% |
| Q4 FY2025 | Dec 31, 2025 | $92.43M | +22.7% |
| Q3 FY2025 | Sep 30, 2025 | $87.26M | +17.2% |
| Q2 FY2025 | Jun 30, 2025 | $82.01M | +0.0% |
| Q1 FY2025 | Mar 31, 2025 | $78.70M | +11.6% |
| Q4 FY2024 | Dec 31, 2024 | $75.34M | +8.9% |
| Q3 FY2024 | Sep 30, 2024 | $74.44M | +18.0% |
| Q2 FY2024 | Jun 30, 2024 | $81.97M | +33.0% |
| Q1 FY2024 | Mar 31, 2024 | $70.50M | +16.5% |
| Q4 FY2023 | Dec 31, 2023 | $69.18M | +20.3% |
| Q3 FY2023 | Sep 30, 2023 | $63.08M | +10.1% |
| Q2 FY2023 | Jun 30, 2023 | $61.63M | +17.7% |
| Q1 FY2023 | Mar 31, 2023 | $60.51M | +18.8% |
| Q4 FY2022 | Dec 31, 2022 | $57.49M | +22.5% |
| Q3 FY2022 | Sep 30, 2022 | $57.31M | +14.0% |
| Q2 FY2022 | Jun 30, 2022 | $52.34M | +4.5% |
| Q1 FY2022 | Mar 31, 2022 | $50.94M | +18.6% |
| Q4 FY2021 | Dec 31, 2021 | $46.93M | +31.1% |
| Q3 FY2021 | Sep 30, 2021 | $50.29M | +57.7% |
| Q2 FY2021 | Jun 30, 2021 | $50.11M | +71.7% |
| Q1 FY2021 | Mar 31, 2021 | $42.94M | +44.8% |
| Q4 FY2020 | Dec 31, 2020 | $35.81M | -14.3% |
| Q3 FY2020 | Sep 30, 2020 | $31.88M | +19.3% |
| Q2 FY2020 | Jun 30, 2020 | $29.19M | +24.6% |
| Q1 FY2020 | Mar 31, 2020 | $29.65M | +31.9% |
| Q4 FY2019 | Dec 31, 2019 | $41.78M | +107.4% |
| Q3 FY2019 | Sep 30, 2019 | $26.72M | +44.4% |
| Q2 FY2019 | Jun 30, 2019 | $23.42M | +39.3% |
| Q1 FY2019 | Mar 31, 2019 | $22.48M | +27.4% |
| Q4 FY2018 | Dec 31, 2018 | $20.14M | +16.4% |
| Q3 FY2018 | Sep 30, 2018 | $18.50M | +12.4% |
| Q2 FY2018 | Jun 30, 2018 | $16.81M | +12.8% |
| Q1 FY2018 | Mar 31, 2018 | $17.65M | +23.5% |
| Q4 FY2017 | Dec 31, 2017 | $17.31M | +18.3% |
| Q3 FY2017 | Sep 30, 2017 | $16.46M | +16.1% |
| Q2 FY2017 | Jun 30, 2017 | $14.91M | – |
| Q1 FY2017 | Mar 31, 2017 | $14.29M | – |
| Q4 FY2016 | Dec 31, 2016 | $14.64M | – |
| Q3 FY2016 | Sep 30, 2016 | $14.19M | – |