Agree Realty Quarterly Income Statement
NYSE: ADCReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Agree Realty revenue and earnings
In the quarter ended Jun 30, 2026, Agree Realty generated $205.1 million in revenue, up 16.8% from the same quarter a year earlier. Net income was $54.7 million (+11.1% year over year), for a net margin of 26.6% versus a median of 28.4% in the prior 5 quarters. Operating margin was 46.5%.
Diluted earnings per share came in at $0.44, up from $0.43.
Summary generated from market data by MetaCap's automated system. Methodology
Agree Realty income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 205.10M | 200.81M | 190.49M | 183.22M | 175.53M | 169.16M | 160.73M | 154.33M | 152.57M | 149.45M | 144.16M | 136.81M |
| Revenue growth (YoY) | +16.85% | +18.71% | +18.51% | +18.72% | +15.04% | +13.19% | +11.49% | +12.81% | +17.46% | +18.03% | +23.71% | +24.30% |
| Operating Income | 95.31M | 98.55M | 92.43M | 87.26M | 82.01M | 78.70M | 75.33M | 74.44M | 81.97M | 70.50M | 69.18M | 63.08M |
| Interest Expense | 40.28M | 35.97M | 36.36M | 35.21M | 32.27M | 30.76M | 29.09M | 28.94M | 26.42M | 24.45M | 22.37M | 20.80M |
| Other Income (Expense) | 150.00K | 148.00K | 399.00K | 456.00K | 46.00K | 41.00K | 212.00K | 104.00K | 366.00K | 117.00K | 5.00K | 94.00K |
| Income Tax | 375.00K | 500.00K | 260.00K | 225.00K | 425.00K | 825.00K | 1.07M | 1.08M | 1.00M | 1.15M | 709.00K | 709.00K |
| Net Income | 54.65M | 62.05M | 56.04M | 52.12M | 49.20M | 47.00M | 45.24M | 44.38M | 54.72M | 44.86M | 45.95M | 41.52M |
| Net Income growth (YoY) | +11.09% | +32.03% | +23.87% | +17.45% | -10.10% | +4.76% | -1.56% | +6.87% | +33.90% | +7.80% | +12.29% | +5.32% |
| EPS (Basic) | 0.44 | 0.50 | 0.47 | 0.45 | 0.43 | 0.42 | 0.41 | 0.42 | 0.53 | 0.43 | 0.43 | 0.41 |
| EPS (Diluted) | 0.44 | 0.50 | 0.47 | 0.45 | 0.43 | 0.42 | 0.41 | 0.42 | 0.52 | 0.43 | 0.43 | 0.41 |
| Shares Outstanding (Basic) | 120.00M | 119.86M | — | 111.28M | 109.76M | 107.05M | — | 100.38M | 100.35M | 100.28M | — | 97.26M |
| Shares Outstanding (Diluted) | 120.49M | 120.38M | — | 111.51M | 110.38M | 107.55M | — | 101.72M | 100.45M | 100.34M | — | 97.35M |
| EBITDA | 164.41M | 165.25M | 155.87M | 148.44M | 140.94M | 134.45M | 131.90M | 125.95M | 132.42M | 118.96M | 116.43M | 108.70M |
| Operating Margin | 46.47% | 49.08% | 48.52% | 47.63% | 46.72% | 46.52% | 46.87% | 48.24% | 53.72% | 47.17% | 47.98% | 46.10% |
| Net Margin | 26.65% | 30.90% | 29.42% | 28.44% | 28.03% | 27.78% | 28.15% | 28.75% | 35.87% | 30.02% | 31.88% | 30.35% |
This table shows 12 quarterly periods of Agree Realty's income statement, from Q2 2026 back to Q3 2023, across 13 line items including revenue, operating income, interest expense. Values in USD; B = billions, M = millions. Fiscal periods follow ADC's reporting calendar. What is a income statement?