Agree Realty Corporation
Agree Realty Corporation (ADC) Financial Performance & Income Statement Overview
Explore the financials of Agree Realty Corporation (ADC), including yearly and quarterly data on income, cash flow, and balance sheets.
Agree Realty Corporation (ADC) Income Statement & Financial Overview
Analyze Agree Realty Corporation’s ADC earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $169.16M | $160.73M | $154.33M | $152.57M |
| Cost of Revenue | $20.38M | $20.37M | $69.88M | $68.08M |
| Gross Profit | $148.78M | $140.37M | $84.46M | $84.50M |
| Gross Profit Ratio | $0.88 | $0.87 | $0.55 | $0.55 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $10.77M | $8.90M | $9.11M | $9.71M |
| Operating Expenses | $70.08M | $65.03M | $9.11M | $60.16M |
| Total Costs & Expenses | $90.46M | $85.40M | $79.29M | $77.78M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $30.76M | $29.09M | $28.94M | $26.42M |
| Depreciation & Amortization | $55.76M | $64.92M | $59.80M | $50.87M |
| EBITDA | $134.49M | $140.46M | $134.34M | $125.66M |
| EBITDA Ratio | $0.80 | $0.87 | $0.87 | $0.82 |
| Operating Income | $78.70M | $75.33M | $74.44M | $74.79M |
| Operating Income Ratio | $0.47 | $0.47 | $0.48 | $0.49 |
| Other Income/Expenses (Net) | -$30.72M | -$31.95M | -$28.84M | -$26.05M |
| Income Before Tax | $47.97M | $43.38M | $45.60M | $55.92M |
| Income Before Tax Ratio | $0.28 | $0.27 | $0.30 | $0.37 |
| Income Tax Expense | $825000.00 | $1.07M | $1.08M | $1.004M |
| Net Income | $45.14M | $43.38M | $44.38M | $54.72M |
| Net Income Ratio | $0.27 | $0.27 | $0.29 | $0.36 |
| EPS | $0.42 | $0.42 | $0.42 | $0.53 |
| Diluted EPS | $0.42 | $0.41 | $0.42 | $0.52 |
| Weighted Avg Shares Outstanding | $107.05M | $103.34M | $100.38M | $100.35M |
| Weighted Avg Shares Outstanding (Diluted) | $107.55M | $104.70M | $101.72M | $100.45M |
Over the past four quarters, Agree Realty Corporation demonstrated steady revenue growth, increasing from $152.57M in Q2 2024 to $169.16M in Q1 2025. Operating income reached $78.70M in Q1 2025, maintaining a consistent 47% margin over recent quarters. Despite fluctuations in R&D and SG&A expenses, EBITDA remained robust at $134.49M, reflecting operational efficiency. Net income rose to $45.14M, with EPS at $0.42. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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