Agree Realty (ADC) Income before Taxes (2010 - 2026)
Agree Realty (ADC) recorded EBT of $68.58 million in Q3 2026, up 31.8% from $52.05 million a year earlier and up 24.6% from the prior quarter.
Powered by 
Analysis
Agree Realty (ADC) Income before Taxes (2010 - 2026) Analysis & Trends
On a TTM basis, Agree Realty's EBT came in at $242.26 million as of Sep 30, 2026, up 23.6% year-over-year; for FY2025, it came in at $205.78 million, up 6.4% from FY2024.
- Annual EBT has increased for 15 straight years, with a five-year compound annual growth rate of 17.2% (FY2020 to FY2025).
- Across earlier years, EBT came in at $193.34 million in FY2024 (+11.6%), $173.27 million in FY2023 (+12.0%), $154.65 million in FY2022 (+10.6%) and $139.89 million in FY2021 (+50.4%).
- The Q3 2026 figure is the highest quarterly EBT in data going back to Q2 2010.
- On a year-over-year basis, EBT has increased for five consecutive quarters, with growth averaging 12.6% over the last eight quarters.
- Peak year-over-year performance for EBT in the last five years was growth of 40.8% in Q4 2021, against a decline of 10.5% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $55.03 million (Q2 2026), $62.58 million (Q1 2026) and $56.07 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 179.03 Bn | 165.05 Bn | 1.47 Bn |
| 2 | Prologis | 123.12 Bn | 117.08 Bn | - |
| 3 | Simon Property | 75.49 Bn | 71.55 Bn | - |
| 4 | Public Storage | 62.37 Bn | 61.09 Bn | - |
| 5 | Realty Income | 56.23 Bn | 54.51 Bn | - |
| 6 | Ventas | 46.05 Bn | 44.73 Bn | - |
| 7 | Extra Space Storage | 33.71 Bn | 32.62 Bn | 650.96 Mn |
| 8 | Vici Properties | 27.71 Bn | 26.06 Bn | 1.06 Bn |
| 9 | Vivmark Residential | 24.79 Bn | 24.57 Bn | - |
| 10 | Agree Realty | 8.73 Bn | 8.60 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 68.58 Mn |
| Jun 30, 2026 | 55.03 Mn |
| Mar 31, 2026 | 62.58 Mn |
| Dec 31, 2025 | 56.07 Mn |
| Sep 30, 2025 | 52.05 Mn |
| Jun 30, 2025 | 49.73 Mn |
| Mar 31, 2025 | 47.93 Mn |
| Dec 31, 2024 | 46.24 Mn |
| Sep 30, 2024 | 45.50 Mn |
| Jun 30, 2024 | 55.55 Mn |
| Mar 31, 2024 | 46.05 Mn |
| Dec 31, 2023 | 46.81 Mn |
| Sep 30, 2023 | 42.27 Mn |
| Jun 30, 2023 | 41.68 Mn |
| Mar 31, 2023 | 42.51 Mn |
| Dec 31, 2022 | 40.65 Mn |
| Sep 30, 2022 | 40.17 Mn |
| Jun 30, 2022 | 36.83 Mn |
| Mar 31, 2022 | 37.01 Mn |
| Dec 31, 2021 | 33.82 Mn |
API Access
Agree Realty Income before Taxes 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=income-before-taxes&ticker=ADC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-before-taxes", "ticker": "ADC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=income-before-taxes&ticker=ADC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();