Agree Realty (ADC) Operating Margin (2010 - 2026)
Agree Realty (ADC) reported Operating Margin of 46.47% for Q2 2026, down 0.25 percentage points from 46.72% a year earlier and down 2.61 percentage points from the prior quarter.
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Analysis
Agree Realty (ADC) Operating Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Agree Realty's Operating Margin came in at 47.92%, up 0.86 percentage points year-over-year; for FY2025, it was 47.38%, down 1.60 percentage points from FY2024.
- Operating Margin has a five-year change of -6.18 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 48.98% in FY2024 (+1.65 pp), 47.33% in FY2023 (-3.41 pp), 50.74% in FY2022 (-5.33 pp) and 56.07% in FY2021 (+2.51 pp).
- The Q2 2026 figure ranks as the lowest quarterly Operating Margin since Q3 2023.
- Year over year, Operating Margin gained in three of the last eight quarters, with an average year-over-year change of -0.41 percentage points.
- The high point for year-over-year Operating Margin in five years was Q3 2021 (a gain of 7.48 percentage points); the low point was Q2 2022 (a drop of 10.80 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 49.08% (Q1 2026), 48.52% (Q4 2025) and 47.63% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 167.95 Bn | 150.46 Bn | 1.39 Bn | -51.62% |
| 2 | Prologis | 123.54 Bn | 127.93 Bn | - | 51.59% |
| 3 | Simon Property | 66.76 Bn | 68.02 Bn | - | 49.72% |
| 4 | Realty Income | 52.37 Bn | 54.76 Bn | - | - |
| 5 | Public Storage | 50.03 Bn | 49.11 Bn | - | 37.85% |
| 6 | Ventas | 44.65 Bn | 43.84 Bn | - | - |
| 7 | Extra Space Storage | 27.81 Bn | 27.81 Bn | 642.43 Mn | 44.86% |
| 8 | Vici Properties | 25.53 Bn | 23.65 Bn | 1.05 Bn | 69.48% |
| 9 | Vivmark Residential | 23.01 Bn | 23.20 Bn | - | - |
| 10 | Agree Realty | 8.37 Bn | 8.31 Bn | - | 46.47% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.47% |
| Mar 31, 2026 | 49.08% |
| Dec 31, 2025 | 48.52% |
| Sep 30, 2025 | 47.63% |
| Jun 30, 2025 | 46.72% |
| Mar 31, 2025 | 46.52% |
| Dec 31, 2024 | 46.87% |
| Sep 30, 2024 | 48.24% |
| Jun 30, 2024 | 53.72% |
| Mar 31, 2024 | 47.17% |
| Dec 31, 2023 | 47.98% |
| Sep 30, 2023 | 46.10% |
| Jun 30, 2023 | 47.44% |
| Mar 31, 2023 | 47.79% |
| Dec 31, 2022 | 49.34% |
| Sep 30, 2022 | 52.07% |
| Jun 30, 2022 | 49.91% |
| Mar 31, 2022 | 51.80% |
| Dec 31, 2021 | 51.34% |
| Sep 30, 2021 | 57.45% |
API Access
Agree Realty Operating Margin 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-margin&ticker=ADC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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=operating-margin&ticker=ADC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();