Agree Realty Corp (ADC-PA) Operating Income (2010 - 2026)
Agree Realty's Operating Income came in at $109.58 million for Q3 2026, up 25.6% from $87.26 million a year earlier and up 15.0% from the prior quarter.
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Analysis
Agree Realty Corp (ADC-PA) Operating Income (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Agree Realty reported Operating Income of $395.87 million, up 22.4% year-over-year; for FY2025, it came in at $340.4 million, up 12.6% from FY2024.
- Operating Income has increased in each of the last 15 years, with a five-year compound annual growth rate of 20.7% (FY2020 to FY2025).
- Going back by year, Operating Income was $302.24 million in FY2024 (+18.8%), $254.39 million in FY2023 (+16.6%), $218.09 million in FY2022 (+14.6%) and $190.27 million in FY2021 (+42.9%).
- The Q3 2026 figure represents the highest quarterly Operating Income in data going back to Q2 2010.
- Year-over-year, Operating Income has increased for five consecutive quarters, with growth averaging 15.9% over the last eight quarters.
- Across the past five years, year-over-year growth in Operating Income ran from 0.0% in Q2 2025 to 33.0% in Q2 2024.
- Business Quant data shows ADC-PA's Operating Income at $95.31 million (Q2 2026), $98.55 million (Q1 2026) and $92.43 million (Q4 2025) in the three quarters before Q3 2026.
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 109.58 Mn |
| Jun 30, 2026 | 95.31 Mn |
| Mar 31, 2026 | 98.55 Mn |
| Dec 31, 2025 | 92.43 Mn |
| Sep 30, 2025 | 87.26 Mn |
| Jun 30, 2025 | 82.01 Mn |
| Mar 31, 2025 | 78.70 Mn |
| Dec 31, 2024 | 75.34 Mn |
| Sep 30, 2024 | 74.44 Mn |
| Jun 30, 2024 | 81.97 Mn |
| Mar 31, 2024 | 70.50 Mn |
| Dec 31, 2023 | 69.18 Mn |
| Sep 30, 2023 | 63.08 Mn |
| Jun 30, 2023 | 61.63 Mn |
| Mar 31, 2023 | 60.51 Mn |
| Dec 31, 2022 | 57.49 Mn |
| Sep 30, 2022 | 57.31 Mn |
| Jun 30, 2022 | 52.34 Mn |
| Mar 31, 2022 | 50.94 Mn |
| Dec 31, 2021 | 46.93 Mn |
API Access
Agree Realty Corp Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=ADC-PA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "ADC-PA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=ADC-PA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();