Agree Realty Income Statement (2010-2026)

Reported Financials

Agree Realty Quarterly Income Statement

Periods 66 quarters

Latest Sep 2026

Agree Realty reported net income of $68.54M for the quarter ended Sep 2026. This income statement covers 66 quarters of results from Jun 2010 through Sep 2026, standardized by Business Quant from the company’s SEC filings.

Income StatementIncome Statement	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025	Mar2026	Jun2026	Sep2026
Revenue
Rental Revenue
Rental Revenue
Other Revenue	0.07M	0.03M	0.08M	0.03M	0.04M	0.01M	0.02M	0.04M	0.02M	0.03M	0.15M	0.04M	0.05M	0.05M	0.13M	0.03M	0.03M	0.13M	0.12M	0.08M
Total Revenue	91.41M	98.34M	104.88M	110.07M	116.53M	126.62M	129.90M	136.81M	144.17M	149.45M	152.58M	154.33M	160.73M	169.16M	175.53M	183.22M	190.49M	200.81M	205.10M	213.88M
Operating Expenses
Property Operating ExpensesProperty Expenses
Real Estate Taxes and InsuranceProperty Taxes	6.70M	7.61M	7.98M	8.53M	7.96M	9.43M	9.87M	10.12M	10.66M	10.70M	10.72M	11.94M	13.53M	11.51M	12.83M	13.17M	14.71M	14.71M	15.26M	15.78M
General and AdministrativeG&A	6.65M	7.62M	7.65M	6.99M	7.86M	8.82M	8.42M	8.84M	8.70M	9.52M	9.71M	9.11M	8.90M	10.77M	11.33M	10.89M	11.07M	11.48M	11.96M	12.39M
Depreciation and AmortizationD&A	26.57M	28.56M	31.95M	35.16M	37.90M	40.65M	42.75M	45.63M	47.26M	48.46M	50.45M	51.50M	56.57M	55.76M	58.94M	61.18M	63.44M	66.70M	69.09M	71.91M
Impairment of Real EstateImpairments	1.92M	1.02M					1.32M	3.20M	2.67M	4.53M		2.69M		4.33M	2.96M	2.98M	1.60M	1.40M	5.90M
Interest Expense (in Operating Expenses)Interest Expense (Op.)
Other Operating ExpensesOther Opex	4.47M	4.88M	4.95M	4.96M	5.41M	7.21M	6.23M	5.92M	7.25M	7.79M	6.90M	6.44M	6.84M	8.87M	8.97M	8.80M	9.28M	10.19M	10.11M	10.53M
Total Operating ExpensesTotal Opex	46.30M	49.69M	52.53M	55.64M	59.14M	66.11M	68.59M	73.72M	76.54M	81.00M	77.78M	81.68M	85.83M	91.24M	95.03M	97.02M	100.10M	104.48M	112.31M	110.61M
Operating Income	46.93M	50.94M	52.34M	57.31M	57.49M	60.51M	61.63M	63.08M	69.18M	70.50M	81.97M	74.44M	75.34M	78.70M	82.01M	87.26M	92.43M	98.55M	95.31M	109.58M
Non-operating Items
Interest Expense	13.11M	13.93M	15.51M	17.15M	16.84M	18.00M	19.95M	20.80M	22.37M	24.45M	26.42M	28.94M	29.10M	30.76M	32.27M	35.21M	36.36M	35.97M	40.28M	41.00M
Gains on Sale of Real Estate and InvestmentsGains on Sales	1.76M	2.31M	0.02M	3.00M	0.02M		0.32M	-0.02M	1.55M	2.10M	7.16M	1.85M	0.41M	0.77M	1.51M	0.92M	2.21M	1.70M	2.01M	5.42M
Other Non Operating IncomeOther Non Op Inc.	-0.10M			0.13M	1.11M	0.05M	0.04M	0.09M	0.01M	0.12M	0.37M	0.10M	0.21M	0.04M	0.05M	0.46M	0.40M	0.15M	0.15M	0.34M
Net income details
Income before TaxesEBT	33.82M	37.01M	36.83M	40.17M	40.65M	42.51M	41.68M	42.27M	46.81M	46.05M	55.55M	45.50M	46.24M	47.93M	49.73M	52.05M	56.07M	62.58M	55.03M	68.58M
Tax ProvisionsTaxes	0.50M	0.72M	0.70M	0.72M	0.72M	0.78M	0.71M	0.71M	0.71M	1.15M	1.00M	1.08M	1.08M	0.83M	0.43M	0.23M	0.26M	0.50M	0.38M	0.38M
Income from Continuing OperationsIncome (Continuing)	33.32M	36.29M	36.13M	39.45M	39.93M	41.73M	40.97M	41.56M	46.10M	44.90M	54.55M	44.42M	45.17M	47.11M	49.31M	51.82M	55.81M	62.08M	54.66M	68.20M
Income from Discontinued OperationsIncome (Discontinued)
Consolidated Net IncomeConsol Net Inc.	33.31M	36.29M	36.13M	39.58M	41.04M	41.77M	41.02M	41.66M	46.10M	45.01M	54.91M	44.53M	45.38M	47.15M	49.35M	52.28M	56.21M	62.23M	54.81M	68.54M
Net Income Attributable to Noncontrolling InterestsNCI Net Income	0.16M	0.18M	0.16M	0.15M	0.11M	0.16M	0.15M	0.14M	0.15M	0.16M	0.19M	0.15M	0.14M	0.15M	0.16M	0.16M	0.17M	0.18M	0.16M	0.19M
Income towards Parent CompanyParent Net Inc	33.15M	36.11M	35.97M	39.43M	40.93M	41.61M	40.87M	41.52M	45.96M	44.86M	54.72M	44.38M	45.24M	47.00M	49.20M	52.12M	56.04M	62.05M	54.65M	68.35M
Preferred Dividends and Other AdjustmentsPreferred Dividends	1.86M	1.86M	1.86M	1.86M	1.86M	1.86M	1.86M	1.86M	1.86M	1.86M	1.86M	1.86M	1.86M	1.86M	1.86M	1.86M	1.86M	1.86M	1.86M	1.86M
Net Income towards Common StockholdersNet Income	31.29M	34.25M	34.11M	37.57M	39.07M	39.76M	39.01M	39.66M	44.10M	43.00M	52.87M	42.52M	43.38M	45.14M	47.34M	50.26M	54.18M	60.19M	52.79M	66.49M
Additional items
EPS (Basic)	0.47	0.48	0.45	0.47	0.50	0.44	0.42	0.41	0.46	0.43	0.53	0.42	0.43	0.42	0.43	0.45	0.49	0.50	0.44	0.53
EPS (Diluted)	0.47	0.48	0.45	0.47	0.49	0.44	0.42	0.41	0.46	0.43	0.53	0.42	0.43	0.42	0.43	0.45	0.49	0.50	0.44	0.53
Weighted Average Shares OutstandingWtd. Avg. Shares	67.00M	71.47M	75.28M	79.93M	78.89M	90.27M	93.30M	97.50M	95.19M	100.57M	100.63M	100.66M	101.10M	107.05M	109.76M	111.53M	110.72M	119.86M	120.00M	124.36M
Weighted Average Shares Outstanding (Diluted)Wtd. Avg. Shares (Dil.)	67.14M	71.34M	75.57M	80.59M	79.16M	90.55M	93.13M	97.35M	95.44M	100.34M	100.45M	101.72M	101.88M	107.55M	110.38M	111.51M	111.20M	120.38M	120.49M	124.60M
Shares Outstanding (Entity)Shares Outstanding (Entity.)	71.29M	75.17M	79.84M	88.57M	90.17M	93.20M	96.27M	100.52M	100.52M	100.63M	100.62M	103.52M	107.25M	110.02M	110.67M	114.13M	120.03M	120.10M	124.38M	130.10M
EBITDA	66.62M	72.38M	76.80M	85.15M	88.05M	93.66M	96.78M	101.65M	110.22M	111.93M	125.51M	119.61M	125.26M	127.60M	134.19M	141.01M	147.89M	156.66M	155.31M	171.89M
Tax Rate	1.48	1.94	1.90	1.79	1.78	1.84	1.70	1.68	1.51	2.50	1.81	2.37	2.32	1.72	0.85	0.43	0.46	0.80	0.68	0.55

Agree Realty Income Statement API

Pull Agree Realty's standardized financial statements into your own models, spreadsheets and apps with the Business Quant Financial Statements API. The request below follows the statement, frequency and period selected above. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/statements?ticker=ADC-PA&statement=IS&frequency=Quarter&period=all&api_key=YOUR_API_KEY

import requests

url = "https://data.businessquant.com/statements"
params = {"ticker": "ADC-PA", "statement": "IS", "frequency": "Quarter", "period": "all", "api_key": "YOUR_API_KEY"}

data = requests.get(url, params=params).json()

const res = await fetch("https://data.businessquant.com/statements?ticker=ADC-PA&statement=IS&frequency=Quarter&period=all&api_key=YOUR_API_KEY");
const data = await res.json();

API documentation

Agree Realty ADC-PA Income Statement (2010-2026)

Agree Realty Quarterly Income Statement

Agree Realty Income Statement API

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