ADC
Income statement / Annual
Last year (2024), Agree Realty Corporation's total revenue was $617.10 M,
an increase of 14.81% from the previous year.
In 2024, Agree Realty Corporation's net income was $189.83 M.
See Agree Realty Corporation,s key income statements, including revenue, expenses, profit, and income.
Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
Operating Revenue |
$617.10 M |
$537.50 M |
$463.15 M |
$363.61 M |
$248.57 M |
$187.48 M |
$148.20 M |
$116.56 M |
$91.53 M |
$69.97 M |
Cost of Revenue |
$74.85 M
|
$66.72 M
|
$85.62 M
|
$65.34 M
|
$31.75 M
|
$23.51 M
|
$17.01 M
|
$12.47 M
|
$8.60 M
|
$6.38 M
|
Gross Profit |
$542.25 M
|
$470.78 M
|
$377.53 M
|
$298.26 M
|
$216.82 M
|
$163.97 M
|
$131.18 M
|
$104.09 M
|
$82.93 M
|
$63.59 M
|
Gross Profit Ratio |
0.88
|
0.88
|
0.82
|
0.82
|
0.87
|
0.87
|
0.89
|
0.89
|
0.91
|
0.91
|
Research and Development Expenses |
$0.00
|
$0.00
|
$0.37
|
$0.37
|
$0.37
|
$0.43
|
$0.43
|
$0.50
|
$0.50
|
$0.00
|
General & Administrative Expenses |
$37.23 M
|
$34.79 M
|
$30.12 M
|
$25.46 M
|
$20.79 M
|
$15.57 M
|
$12.17 M
|
$9.95 M
|
$8.02 M
|
$6.99 M
|
Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
Selling, General & Administrative Expenses |
$37.23 M
|
$34.79 M
|
$30.12 M
|
$25.46 M
|
$20.79 M
|
$15.57 M
|
$12.17 M
|
$9.95 M
|
$8.02 M
|
$6.99 M
|
Other Expenses |
$202.77 M
|
$181.60 M
|
$133.57 M
|
$95.73 M
|
$66.76 M
|
$45.70 M
|
$4,000.00
|
$347,000.00
|
$23.41 M
|
$16.49 M
|
Operating Expenses |
$240.00 M
|
$216.39 M
|
$163.69 M
|
$121.19 M
|
$87.55 M
|
$61.27 M
|
$55.86 M
|
$41.70 M
|
$31.42 M
|
$23.47 M
|
Cost And Expenses |
$314.85 M
|
$283.11 M
|
$249.31 M
|
$186.53 M
|
$119.30 M
|
$84.78 M
|
$72.87 M
|
$54.17 M
|
$40.02 M
|
$29.85 M
|
Interest Income |
$0.00
|
$0.00
|
$63.44 M
|
$50.38 M
|
$40.10 M
|
$33.09 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
Interest Expense |
$108.90 M
|
$81.12 M
|
$63.44 M
|
$66.35 M
|
$44.66 M
|
$32.98 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
Depreciation & Amortization |
$240.22 M
|
$209.37 M
|
$212.74 M
|
$162.25 M
|
$123.44 M
|
$86.39 M
|
$64.12 M
|
$54.17 M
|
$40.02 M
|
$16.49 M
|
EBITDA |
$543.27 M |
$463.95 M |
$386.24 M |
$295.67 M |
$192.16 M |
$161.45 M |
$118.63 M |
$94.14 M |
$74.92 M |
$56.60 M |
EBITDA Ratio |
0.88
|
0.86
|
0.74
|
0.75
|
0.77
|
0.73
|
0.74
|
0.69
|
0.71
|
0.64
|
Operating Income Ratio |
0.49
|
0.47
|
0.47
|
0.52
|
0.5
|
0.54
|
0.49
|
0.54
|
0.56
|
0.57
|
Total Other Income/Expenses Net |
-$108.11 M
|
-$80.93 M
|
-$62.19 M
|
-$64.99 M
|
-$40.07 M
|
-$33.09 M
|
-$13.69 M
|
-$3.37 M
|
-$5.71 M
|
-$351,000.00
|
Income Before Tax |
$194.14 M
|
$173.46 M
|
$155.90 M
|
$125.28 M
|
$93.06 M
|
$81.30 M
|
$59.31 M
|
$58.79 M
|
$45.80 M
|
$39.76 M
|
Income Before Tax Ratio |
0.31
|
0.32
|
0.34
|
0.34
|
0.37
|
0.43
|
0.4
|
0.5
|
0.5
|
0.57
|
Income Tax Expense |
$4.31 M
|
$2.91 M
|
$2.86 M
|
$2.40 M
|
$1.09 M
|
$538,000.00
|
$516,000.00
|
$4.62 M
|
$6.39 M
|
$1.10 M
|
Net Income |
$189.83 M
|
$169.96 M
|
$152.44 M
|
$122.27 M
|
$91.38 M
|
$80.08 M
|
$58.17 M
|
$58.11 M
|
$45.12 M
|
$39.02 M
|
Net Income Ratio |
0.31
|
0.32
|
0.33
|
0.34
|
0.37
|
0.43
|
0.39
|
0.5
|
0.49
|
0.56
|
EPS |
1.96 |
1.7 |
1.84 |
1.79 |
1.76 |
1.96 |
1.81 |
2.09 |
1.97 |
2.17 |
EPS Diluted |
1.94 |
1.7 |
1.83 |
1.78 |
1.74 |
1.93 |
1.8 |
2.08 |
1.97 |
2.16 |
Weighted Average Shares Out |
$101.10 M
|
$95.19 M
|
$78.66 M
|
$66.80 M
|
$51.84 M
|
$40.58 M
|
$32.07 M
|
$27.63 M
|
$22.87 M
|
$18.00 M
|
Weighted Average Shares Out Diluted |
$101.88 M
|
$95.44 M
|
$79.16 M
|
$67.14 M
|
$52.40 M
|
$41.22 M
|
$32.40 M
|
$27.70 M
|
$22.96 M
|
$18.07 M
|
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