Agree Realty (ADC) Operating Expenses (2010 - 2026)
Agree Realty's (ADC) 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.
Agree Realty (ADC) Operating Expenses (2010 - 2026) Analysis & Trends
Agree Realty (ADC) 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'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
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 72.62 Bn | 72.62 Bn | 1.76 Bn | 900.79 Mn |
| 2 | Realty Income | 57.85 Bn | 57.85 Bn | - | 1.19 Bn |
| 3 | Kimco Realty | 16.14 Bn | 16.14 Bn | 455.67 Mn | 356.02 Mn |
| 4 | Federal Realty Investment Trust | 10.05 Bn | 10.05 Bn | 271.22 Mn | 217.66 Mn |
| 5 | Agree Realty | 8.86 Bn | 8.85 Bn | - | 112.31 Mn |
| 6 | Nnn Reit | 8.69 Bn | 8.69 Bn | - | 102.00 Mn |
| 7 | Macerich | 6.67 Bn | 6.67 Bn | 171.77 Mn | 277.43 Mn |
| 8 | Essential Properties Realty Trust | 6.53 Bn | 6.53 Bn | - | 62.12 Mn |
| 9 | Kite Realty Group Trust | 5.31 Bn | 5.31 Bn | - | 150.10 Mn |
| 10 | Phillips Edison & Company | 5.01 Bn | 5.01 Bn | - | 135.01 Mn |
Historic Data
Download 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 |