Name: ADC-PA Income Statement - Agree Realty Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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ADC-PA - Agree Realty Corp.

USD | NYSE | Real Estate

ADC-PA Income Statement - Agree Realty Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q4 FY 20	Q3 FY 20	Q2 FY 20	Q1 FY 20	Q4 FY 19	Q3 FY 19	Q2 FY 19	Q1 FY 19	Q4 FY 18	Q3 FY 18	Q2 FY 18	Q1 FY 18	Q4 FY 17	Q3 FY 17	Q2 FY 17	Q1 FY 17	Q4 FY 16	Q3 FY 16	Q2 FY 16
Revenues
Revenues	200.8	190.5	183.2	175.5	169.2	160.7	154.3	152.6	149.5	144.2	136.8	129.9	126.6	116.5	110.1	104.9

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Revenues
Revenues	750.0	718.4	617.1	537.5	429.8	339.3	248.6	187.5	137.1	111.5	91.5	70.0	53.6	43.5	34.6	30.3	27.4	28.7
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses
Research & Development	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income
Operating Income	360.3	340.4	302.2	254.4	218.1	190.3	133.1	114.4	73.0	63.0	51.7	40.1	27.9	25.4
Non-Operating
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax & Net
Income Tax Expense	1.4	1.7	4.3	2.9	2.9	2.4	1.1	0.5	0.5	0.2	0.2	-	-	-	-
Per Share
EPS Basic	1.77	1.77	1.79	1.70	1.84	1.79	1.76	1.96	1.80	2.09	1.97	2.17	1.24	1.51	1.63	0.99
Supplementary Data
EBITDA	610.5	579.7	509.2	430.7	351.7	286.0	199.9	160.1	106.0	89.6	75.1	56.6	39.0	33.9	25.6	20.5

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling & Marketing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General & Administrative	11.5	11.1	10.9	11.3	10.8	8.9	9.1	9.7	9.5	8.7	8.8	8.4	8.8	7.9	7.0	7.7	7.6
Depreciation & Amortization	66.7	63.4	61.2	58.9	55.8	56.6	51.5	50.5	48.5	47.3	45.6	42.8	40.6	37.9	35.2	32.0
Amortization of Intangibles	32.2	-	-	-	26.4	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	104.5	100.1	97.0	95.0	91.2	85.8	81.7	77.8	81.0	76.5	73.7	68.6	66.1	59.1	55.6	52.5

Operating Income
Operating Income	98.6	92.4	87.3	82.0	78.7	75.3	74.4	82.0	70.5	69.2	63.1	61.6	60.5	57.5	57.3	52.3	50.9	46.9	50.3	50.1	42.9	42.4	31.9	29.2	29.7	41.8	26.7	23.4	22.5	20.0	18.5	16.8	17.6	17.3	16.5	14.9	14.3	14.6	14.2	11.6

Non-Operating
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	36.0	36.4	35.2	32.3	30.8	29.1	28.9	26.4	24.5	22.4	20.8	19.9	18.0	16.8	17.1	15.5	13.9	13.1
Income From Equity Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Operating Income	0.1	0.4	0.5	0.0	0.0	0.2	0.1	0.4	0.1	0.0	0.1	0.0	0.0	1.1	0.1	0.0	0.0
Pre-Tax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Per Share
EPS Basic	0.50	-	0.45	0.43	0.42	-	0.42	0.53	0.43	-	0.41	0.42	0.44	-	0.47	0.45	0.48	-	0.52	0.34	0.48	-	0.39	0.47	0.47	-	0.49	0.45	0.49	-	0.49	0.42	0.53	-	0.42	0.56	0.56	-	0.61	0.48
EPS Diluted	0.50	-	0.45	0.43	0.42	-	0.42	0.52	0.43	-	0.41	0.42	0.44	-	0.46	0.45	0.48	-
Shares Basic	119.9	-	111.3	109.8	107.0	-	100.4	100.3	100.3	-	97.3	93.1	90.0	-	79.7	75.0	71.2	-
Shares Diluted	120.4	-	111.5	110.4	107.5	-	101.7	100.5	100.3	-	97.3	93.1	90.5	-	80.6	75.6	71.3	-

Supplementary Data
EBITDA	165.3	155.9	148.4	140.9	134.5	131.9	125.9	132.4	119.0	116.4	108.7	104.4	101.2	95.4	92.5	84.3	79.5	73.5	74.8	73.3	64.4	62.1	49.2	44.8	43.8	54.9	38.6	34.3	32.3	29.1	26.6	24.9	25.4	21.0	24.7	22.6	21.3	21.1	20.3	17.3
EBIT	98.6	92.4	87.3	82.0	78.7	75.3	74.4	82.0	70.5	69.2	63.1	61.6	60.5	57.5	57.3	52.3	50.9	46.9	50.3

Tax & Net
Income Tax Expense	0.5	0.3	0.2	0.4	0.8	1.1	1.1	1.0	1.1	0.7	0.7	0.7	0.8	0.7	0.7	0.7	0.7	0.5	0.4	0.5	1.0	0.3	0.3	0.3	0.3	0.3	0.2	0.2	(0.2)	0.1	0.1	0.2	0.1	(0.1)	0.0	0.2	0.1	0.2	0.0	0.0
Net Income From Continuing Ops	62.2	56.2	52.3	49.4	47.1	45.4	44.5	54.9	45.0	46.1	41.7	41.0	41.8	41.0	39.6	36.1	36.3
Net Income From Discontinued Ops	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	62.2	56.2	52.3	49.4	47.1	45.4	44.5	54.9	45.0	46.1	41.7	41.0	41.8	41.0	39.6	36.1	36.3
Net Income Attributable To Parent	62.1	56.0	52.1	49.2	47.0	45.2	44.4	54.7	44.9	46.0	41.5	40.9	41.6	40.9	39.4	36.0
Less: Minority Interest	0.2	0.2	0.2	0.2	0.2	0.1	0.2	0.2	0.2	0.1	0.1	0.1	0.2	0.1	0.2	0.2	0.2
Less: Preferred Dividends	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9
Net Income To Common Shareholders	60.2	54.2	50.3	47.3	45.1	43.4	42.5	52.9	43.0	44.1	39.7	39.0	39.8	39.1	37.6