Agree Realty Corp (ADC-PA) Operating Expenses (2010 - 2026)
Agree Realty's (ADC-PA) quarterly Operating Expenses came in at $112.3 million in Q2 2026, up 18.19% YoY from $95.0 million in Q2 2025, and up 7.5% on a QoQ basis from $104.5 million in Q1 2026.
Analysis
Agree Realty Corp (ADC-PA) Operating Expenses (2010 - 2026) Analysis & Trends
Agree Realty (ADC-PA) has 17 years of Operating Expenses data on file, last reported at $112.3 million in Q2 2026.
- Quarterly Operating Expenses rose 18.19% year-over-year to $112.3 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $413.9 million (up 17.0% YoY) and the FY2025 annual result came in at $383.4 million, up 17.5% from the prior year.
- Operating Expenses advanced to $112.3 million in Q2 2026, from $104.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $112.3 million in Q2 2026 to a low of $49.7 million in Q1 2022.
- A 5-year average of $79.4 million and a median of $79.4 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 36.63% — and 2024, when it grew 10.81%.
- Tracing ADC-PA's Operating Expenses over 5 years: stood at $59.1 million in 2022, then grew by 29.43% to $76.5 million in 2023, then grew by 12.14% to $85.8 million in 2024, then increased by 16.63% to $100.1 million in 2025, then grew by 12.2% to $112.3 million in 2026.
- The last three Operating Expenses figures came in at $112.3 million (Q2 2026), $104.5 million (Q1 2026), and $100.1 million (Q4 2025), per Business Quant data.
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Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 112.31 Mn |
| Mar 31, 2026 | 104.48 Mn |
| Dec 31, 2025 | 100.10 Mn |
| Sep 30, 2025 | 97.02 Mn |
| Jun 30, 2025 | 95.03 Mn |
| Mar 31, 2025 | 91.24 Mn |
| Dec 31, 2024 | 85.83 Mn |
| Sep 30, 2024 | 81.68 Mn |
| Jun 30, 2024 | 77.78 Mn |
| Mar 31, 2024 | 81.00 Mn |
| Dec 31, 2023 | 76.54 Mn |
| Sep 30, 2023 | 73.72 Mn |
| Jun 30, 2023 | 68.59 Mn |
| Mar 31, 2023 | 66.11 Mn |
| Dec 31, 2022 | 59.14 Mn |
| Sep 30, 2022 | 55.64 Mn |
| Jun 30, 2022 | 52.53 Mn |
| Mar 31, 2022 | 49.69 Mn |
| Dec 31, 2021 | 46.30 Mn |
| Sep 30, 2021 | 40.72 Mn |