Agree Realty (ADC) Operating Expenses (2010 - 2026)

Agree Realty has disclosed Operating Expenses across 17 years of filings, most recently posting $104.5 million for Q1 2026.

• Quarterly Operating Expenses rose 14.52% year-over-year to $104.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $396.6 million (up 17.86% YoY) and the FY2025 annual result came in at $383.4 million, up 17.5% from the prior year.
• Operating Expenses climbed to $104.5 million in Q1 2026, from $100.1 million in the prior quarter.
• Over five years, Operating Expenses peaked at $104.5 million in Q1 2026 and troughed at $49.7 million in Q1 2022.
• A 5-year average of $77.4 million and a median of $77.8 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's Operating Expenses over 5 years: stood at $59.1 million in 2022, then rose by 29.43% to $76.5 million in 2023, then rose by 12.14% to $85.8 million in 2024, then gained by 16.63% to $100.1 million in 2025, then climbed by 4.37% to $104.5 million in 2026.
• Business Quant data shows ADC's Operating Expenses at $104.5 million in Q1 2026, $100.1 million in Q4 2025, and $97.0 million in Q3 2025.