ADC
Income statement / Annual
Last year (2023), Agree Realty Corporation's total revenue was $537.50 M,
an increase of 16.05% from the previous year.
In 2023, Agree Realty Corporation's net income was $169.96 M.
See Agree Realty Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
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 |
12/31/2014 |
| Operating Revenue |
$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
|
$53.56 M
|
| Cost of Revenue |
$239.67 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 |
$4.92 M |
| Gross Profit |
$297.83 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 |
$48.64 M |
| Gross Profit Ratio |
0.55 |
0.82 |
0.82 |
0.87 |
0.87 |
0.89 |
0.89 |
0.91 |
0.91 |
0.91 |
| Research and Development
Expenses |
$0.00
|
$0.37
|
$0.37
|
$0.37
|
$0.43
|
$0.43
|
$0.50
|
$0.50
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$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
|
$6.63 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 |
$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
|
$6.63 M
|
| Other Expenses |
$0.00 |
$133.57 M |
$95.73 M |
$66.76 M |
$45.70 M |
$4,000.00 |
$347,000.00 |
$23.41 M |
$16.49 M |
$11.10 M |
| Operating Expenses |
$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 |
$17.73 M |
| Cost And Expenses |
$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 |
$22.65 M |
| Interest Income |
$0.00 |
$63.44 M |
$50.38 M |
$40.10 M |
$33.09 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$81.12 M |
$63.44 M |
$66.35 M |
$44.66 M |
$32.98 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$8.59 M |
| Depreciation &
Amortization |
$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
|
$11.10 M
|
| EBITDA |
$437.65 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
|
$42.01 M
|
| EBITDA Ratio |
0.81 |
0.74 |
0.75 |
0.77 |
0.73 |
0.74 |
0.69 |
0.71 |
0.64 |
0.78 |
| Operating Income Ratio
|
0.47
|
0.47
|
0.52
|
0.5
|
0.54
|
0.49
|
0.54
|
0.56
|
0.57
|
0.52
|
| Total Other
Income/Expenses Net |
-$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
|
-$9.12 M
|
| Income Before Tax |
$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 |
$18.78 M |
| Income Before Tax Ratio
|
0.32
|
0.34
|
0.34
|
0.37
|
0.43
|
0.4
|
0.5
|
0.5
|
0.57
|
0.35
|
| Income Tax Expense |
$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 |
$8.87 M |
| Net Income |
$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 |
$18.49 M |
| Net Income Ratio |
0.32 |
0.33 |
0.34 |
0.37 |
0.43 |
0.39 |
0.5 |
0.49 |
0.56 |
0.35 |
| EPS |
1.7 |
1.84 |
1.79 |
1.76 |
1.96 |
1.81 |
2.09 |
1.97 |
2.17 |
1.24 |
| EPS Diluted |
1.7 |
1.83 |
1.78 |
1.74 |
1.93 |
1.8 |
2.08 |
1.97 |
2.16 |
1.24 |
| Weighted Average Shares
Out |
$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
|
$14.88 M
|
| Weighted Average Shares
Out Diluted |
$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
|
$14.97 M
|
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