ADCNYSEReal Estate Investment TrustsFiscal year ends December 31Also trades as ADC.PA

AGREE REALTY CORP

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 20, 2026

$65.82−1.22 (-1.82%)

Close on Oct 19, 2026

Market cap: $7.93B
P/E (TTM): 35.4
Dividend yield: 4.67%

AGREE REALTY CORP income statement

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Revenue	718	617	537	430	339	249	187	137	112	92	70	54	44	35	30	27	32
General & Administrative	44	37	35	30	25	21	16	12	9.43	7.86	6.99	6.63	5.95	5.68	5.66	5.00	4.56
Total Costs & Expenses	383	326	285	217	164	123	86	64	49	40	30	26	18	15	15	19	13
Operating Income	340	302	254	218	190	133	114	73	63	52	40	28	25	19	15	8.81	19
Interest Expense	135	109	81	63	50	40	33	25	18	15	12	8.59	6.47	5.13	3.96	3.46	4.01
Other Non-Operating Income	0.94	0.80	0.19	1.25	0	0.02	0	0	0.35	–	–	–	–	–	–	–	–
Asset Impairment Charges	–	–	–	1.02	1.92	4.14	1.61	2.32	0	0	0	3.02	0	0	14	8.14	–
Gain (Loss) on Sale of Assets	5.42	12	1.85	5.34	15	8.00	13	11	14	9.96	12	-0.41	0.95	2.10	–	–	–
Income Tax Expense	1.74	4.31	2.91	2.86	2.40	1.09	0.54	0.52	0.23	0.15	–	–	–	–	–	–	–
Income from Continuing Operations	–	–	–	–	–	–	–	–	–	46	40	19	19	14	14	5.34	15
Net Income incl. Noncontrolling Interests	205	190	171	153	123	92	81	59	59	46	40	19	20	19	9.89	16	18
Minority Interest in Earnings	0.64	0.64	0.59	0.60	0.60	0.59	0.68	0.63	0.68	0.68	0.74	0.43	0.52	0.55	0.34	0.56	0.95
Net Income	204	189	170	152	122	91	80	58	58	45	39	18	20	18	9.55	15	17
Preferred Dividends	7.44	7.44	7.44	7.44	2.15	0	0	–	–	–	–	–	–	–	–	–	–
Net Income to Common	197	182	163	145	120	91	80	58	58	45	–	–	–	–	–	–	–
EPS (Basic)(per share)	1.77	1.79	1.70	1.84	1.79	1.76	1.96	1.80	2.09	1.97	2.17	1.24	1.51	1.63	0.99	1.65	2.15
EPS (Diluted)(per share)	1.77	1.78	1.70	1.83	1.78	1.74	1.93	1.78	2.08	1.97	2.16	1.24	1.50	1.62	0.99	1.64	2.14
Shares Outstanding (Basic, Weighted)(shares)	111	101	95	79	67	52	41	32	28	23	18	15	13	11	9.64	9.16	–
Shares Outstanding (Diluted, Weighted)(shares)	111	102	95	79	67	52	41	32	28	23	18	15	13	11	9.68	9.19	–
Dividend per Share(per share)	3.07	2.99	2.67	2.81	2.41	–	–	–	–	–	–	–	1.64	1.60	1.60	2.04	–
EBITDA	580	509	431	352	286	200	160	106	90	75	57	39	34	26	21	13	24

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: 47.9%
Net margin: 28.8%
Return on equity, FY2025: 3.5%

Financial strength

Current ratio: –
Debt to equity: –
Debt to assets: –
Cash to current liabilities: –

Valuation

P/E ratio: 35.4
Price to sales: 10.17
Price to book: 1.22
Dividend yield: 4.67%