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 margin
Operating margin is operating income as a percentage of revenue.
Agree Realty's operating margin for the twelve months ending Jun 30, 2026 was 47.9%. For fiscal 2025 it was 47.4%, against 49.0% the year before. The highest annual figure on record is 61.0% in fiscal 2019.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 47.4% | −1.6 |
| FY2024 | Dec 31, 2024 | 49.0% | +1.7 |
| FY2023 | Dec 31, 2023 | 47.3% | −3.4 |
| FY2022 | Dec 31, 2022 | 50.7% | −5.3 |
| FY2021 | Dec 31, 2021 | 56.1% | +2.5 |
| FY2020 | Dec 31, 2020 | 53.6% | −7.5 |
| FY2019 | Dec 31, 2019 | 61.0% | +7.8 |
| FY2018 | Dec 31, 2018 | 53.2% | −3.2 |
| FY2017 | Dec 31, 2017 | 56.5% | +0.0 |
| FY2016 | Dec 31, 2016 | 56.4% | −0.9 |
| FY2015 | Dec 31, 2015 | 57.3% | +5.3 |
| FY2014 | Dec 31, 2014 | 52.1% | −6.3 |
| FY2013 | Dec 31, 2013 | 58.4% | +2.5 |
| FY2012 | Dec 31, 2012 | 56.0% | +5.3 |
| FY2011 | Dec 31, 2011 | 50.7% | +18.6 |
| FY2010 | Dec 31, 2010 | 32.1% | −26.0 |
| FY2009 | Dec 31, 2009 | 58.1% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 46.5% | −0.2 |
| Q1 FY2026 | Mar 31, 2026 | 49.1% | +2.6 |
| Q4 FY2025 | Dec 31, 2025 | 48.5% | +1.7 |
| Q3 FY2025 | Sep 30, 2025 | 47.6% | −0.6 |
| Q2 FY2025 | Jun 30, 2025 | 46.7% | −7.0 |
| Q1 FY2025 | Mar 31, 2025 | 46.5% | −0.6 |
| Q4 FY2024 | Dec 31, 2024 | 46.9% | −1.1 |
| Q3 FY2024 | Sep 30, 2024 | 48.2% | +2.1 |
| Q2 FY2024 | Jun 30, 2024 | 53.7% | +6.3 |
| Q1 FY2024 | Mar 31, 2024 | 47.2% | −0.6 |
| Q4 FY2023 | Dec 31, 2023 | 48.0% | −1.4 |
| Q3 FY2023 | Sep 30, 2023 | 46.1% | −6.0 |
| Q2 FY2023 | Jun 30, 2023 | 47.4% | −2.5 |
| Q1 FY2023 | Mar 31, 2023 | 47.8% | −4.0 |
| Q4 FY2022 | Dec 31, 2022 | 49.3% | −2.0 |
| Q3 FY2022 | Sep 30, 2022 | 52.1% | −5.4 |
| Q2 FY2022 | Jun 30, 2022 | 49.9% | −10.8 |
| Q1 FY2022 | Mar 31, 2022 | 51.8% | −3.4 |
| Q4 FY2021 | Dec 31, 2021 | 51.3% | +1.2 |
| Q3 FY2021 | Sep 30, 2021 | 57.4% | +7.5 |
| Q2 FY2021 | Jun 30, 2021 | 60.7% | +10.0 |
| Q1 FY2021 | Mar 31, 2021 | 55.2% | +2.0 |
| Q4 FY2020 | Dec 31, 2020 | 50.1% | −30.0 |
| Q3 FY2020 | Sep 30, 2020 | 50.0% | −5.6 |
| Q2 FY2020 | Jun 30, 2020 | 50.7% | −1.4 |
| Q1 FY2020 | Mar 31, 2020 | 53.1% | +0.1 |
| Q4 FY2019 | Dec 31, 2019 | 80.1% | +26.3 |
| Q3 FY2019 | Sep 30, 2019 | 55.6% | +1.2 |
| Q2 FY2019 | Jun 30, 2019 | 52.1% | +1.5 |
| Q1 FY2019 | Mar 31, 2019 | 53.1% | −1.3 |
| Q4 FY2018 | Dec 31, 2018 | 53.8% | −1.1 |
| Q3 FY2018 | Sep 30, 2018 | 54.3% | +0.2 |
| Q2 FY2018 | Jun 30, 2018 | 50.7% | −2.4 |
| Q1 FY2018 | Mar 31, 2018 | 54.4% | +0.6 |
| Q4 FY2017 | Dec 31, 2017 | 54.9% | −3.0 |
| Q3 FY2017 | Sep 30, 2017 | 54.2% | −4.5 |
| Q2 FY2017 | Jun 30, 2017 | 53.1% | – |
| Q1 FY2017 | Mar 31, 2017 | 53.8% | – |
| Q4 FY2016 | Dec 31, 2016 | 57.8% | – |
| Q3 FY2016 | Sep 30, 2016 | 58.7% | – |