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

Agree Realty (ADC) recorded quarterly Operating Income of $98.6 million in Q1 2026, up 6.62% on a QoQ basis from $92.4 million in Q4 2025, and up 25.23% year-over-year from $78.7 million in Q1 2025.

Agree Realty (ADC) Operating Income (2010 - 2026) Analysis & Trends

Agree Realty has disclosed Operating Income across 17 years of filings, most recently posting $98.6 million for Q1 2026.

  • Quarterly Operating Income rose 25.23% year-over-year to $98.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $360.3 million (up 16.04% YoY) and the FY2025 annual result came in at $340.4 million, up 12.62% from the prior year.
  • Operating Income grew to $98.6 million in Q1 2026, from $92.4 million in the prior quarter.
  • Over five years, Operating Income peaked at $98.6 million in Q1 2026 and troughed at $50.9 million in Q1 2022.
  • A 5-year average of $71.4 million and a median of $70.5 million in 2024 frame the typical range for Operating Income.
  • Annual changes were most pronounced in 2024 — Operating Income jumped 33.0% — and 2025, when it advanced 0.05%.
  • Tracing ADC's Operating Income over 5 years: stood at $57.5 million in 2022, then gained by 20.32% to $69.2 million in 2023, then gained by 8.9% to $75.3 million in 2024, then grew by 22.69% to $92.4 million in 2025, then advanced by 6.62% to $98.6 million in 2026.
  • Business Quant data shows ADC's Operating Income at $98.6 million in Q1 2026, $92.4 million in Q4 2025, and $87.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Simon Property 69.18 Bn 69.56 Bn 1.76 Bn 890.67 Mn
2 Realty Income 55.47 Bn 56.16 Bn - -
3 Kimco Realty 17.00 Bn 17.03 Bn 447.43 Mn 197.30 Mn
4 Regency Centers 14.85 Bn 14.97 Bn - 296.39 Mn
5 Federal Realty Investment Trust 10.68 Bn 10.75 Bn 265.49 Mn 180.65 Mn
6 Agree Realty 8.92 Bn 8.90 Bn - 98.55 Mn
7 Nnn Reit 8.68 Bn 8.68 Bn - 146.65 Mn
8 Essential Properties Realty Trust 6.37 Bn 6.38 Bn - 89.65 Mn
9 Macerich 6.30 Bn 6.10 Bn 158.29 Mn -119.76 Mn
10 Kite Realty Group Trust 6.26 Bn 6.38 Bn - -

Historic Data

Download Data
DateValue
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
Sep 30, 2021 50.29 Mn
Jun 30, 2021 50.11 Mn