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Agree Realty Corporation (ADC) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Real Estate · REIT - Retail · DATA UPDATED 2026-07-26

Agree Realty Corporation (ADC) operates in the REIT - Retail industry and is headquartered in Royal Oak, United States with about 90 employees. Its market capitalization is roughly $10 billion. In the fiscal year ended 2025-12-31, ADC reported $718M in revenue and $204M in net income.

Agree Realty Corporation is a publicly traded real estate investment trust. The Firm is Rethinking Retail through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants.

Interactive charts & full statements → Open the ADC valuation workbench →

ADC Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$718M$617M$538M$430M
Gross Profit$630M$542M$471M$378M
Operating Income (EBIT)$347M$298M$260M$214M
Net Income$204M$189M$170M$152M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ADC Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-31
Total Revenue$201M$190M$183M$176M$169M
Gross Profit$176M$166M$161M$154M$149M
Operating Income (EBIT)$98M$92M$89M$84M$82M
Net Income$62M$56M$52M$49M$47M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ADC Free Cash Flow History

Cash flow2025-12-312024-12-312023-12-312022-12-312021-12-31
Dividends Paid($348M)($311M)($285M)($228M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ADC Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Dividends Paid($97M)($91M)($87M)($86M)($84M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ADC Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$9.8B$8.5B$7.8B$6.7B
Total Liabilities$3.5B$3.0B$2.6B$2.1B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive ADC viewer.

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