Agree Realty (ADC) Operating Margin (2010 - 2026)
Agree Realty's (ADC) quarterly Operating Margin came in at 46.47% in Q2 2026, down 25.0% YoY from 61.96% in Q2 2025, and down 5.31% on a QoQ basis from 49.08% in Q1 2026.
Agree Realty (ADC) Operating Margin (2010 - 2026) Analysis & Trends
Agree Realty (ADC) has 17 years of Operating Margin data on file, last reported at 46.47% in Q2 2026.
- Quarterly Operating Margin fell 25.0% year-over-year to 46.47% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 47.92% (up 86.0% YoY) and the FY2025 annual result came in at 47.38%, down 160.0% from the prior year.
- Operating Margin retreated to 46.47% in Q2 2026, from 49.08% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 53.72% in Q2 2024 to a low of 46.1% in Q3 2023.
- A 5-year average of 48.52% and a median of 47.89% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin plunged 1080 bps — and 2024, when it soared 628 bps.
- Tracing ADC's Operating Margin over 5 years: stood at 49.34% in 2022, then retreated by 3 bps to 47.98% in 2023, then retreated by 2 bps to 46.87% in 2024, then climbed by 4 bps to 48.52% in 2025, then decreased by 4 bps to 46.47% in 2026.
- The last three Operating Margin figures came in at 46.47% (Q2 2026), 49.08% (Q1 2026), and 48.52% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 72.65 Bn | 72.65 Bn | 1.76 Bn | 49.72% |
| 2 | Realty Income | 57.76 Bn | 57.76 Bn | - | - |
| 3 | Kimco Realty | 16.13 Bn | 16.13 Bn | 455.67 Mn | 35.61% |
| 4 | Federal Realty Investment Trust | 10.08 Bn | 10.08 Bn | 271.22 Mn | 41.30% |
| 5 | Agree Realty | 8.85 Bn | 8.84 Bn | - | 46.47% |
| 6 | Nnn Reit | 8.70 Bn | 8.70 Bn | - | 61.97% |
| 7 | Macerich | 6.72 Bn | 6.72 Bn | 171.77 Mn | -42.31% |
| 8 | Essential Properties Realty Trust | 6.52 Bn | 6.52 Bn | - | 64.50% |
| 9 | Kite Realty Group Trust | 5.31 Bn | 5.31 Bn | - | - |
| 10 | Phillips Edison & Company | 5.02 Bn | 5.02 Bn | - | - |
Historic Data
Download 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 | 46.53% |
| Dec 31, 2024 | 46.95% |
| Sep 30, 2024 | 48.24% |
| Jun 30, 2024 | 53.72% |
| Mar 31, 2024 | 47.18% |
| Dec 31, 2023 | 47.96% |
| Sep 30, 2023 | 46.12% |
| Jun 30, 2023 | 47.45% |
| Mar 31, 2023 | 47.79% |
| Dec 31, 2022 | 49.41% |
| Sep 30, 2022 | 52.09% |
| Jun 30, 2022 | 49.95% |
| Mar 31, 2022 | 51.80% |
| Dec 31, 2021 | 51.24% |
| Sep 30, 2021 | 57.49% |