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

Agree Realty has disclosed Operating Margin across 17 years of filings, most recently posting 49.11% for Q1 2026.

• Quarterly Operating Margin rose 259.0% year-over-year to 49.11% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 48.06% (down 71.0% YoY) and the FY2025 annual result came in at 47.4%, down 160.0% from the prior year.
• Operating Margin grew to 49.11% in Q1 2026, from 48.58% in the prior quarter.
• Over five years, Operating Margin peaked at 53.72% in Q2 2024 and troughed at 46.12% in Q3 2023.
• A 5-year average of 48.65% and a median of 47.96% in 2023 frame the typical range for Operating Margin.
• Annual changes were most pronounced in 2022 — Operating Margin tumbled 1084 bps — and 2024, when it soared 628 bps.
• Tracing ADC's Operating Margin over 5 years: stood at 49.27% in 2022, then retreated by 3 bps to 47.96% in 2023, then declined by 2 bps to 46.95% in 2024, then climbed by 3 bps to 48.58% in 2025, then increased by 1 bps to 49.11% in 2026.
• Business Quant data shows ADC's Operating Margin at 49.11% in Q1 2026, 48.58% in Q4 2025, and 47.63% in Q3 2025.