Skip to content
RKWD
ROCKWOOD RESEARCH · A CORPORATE FILINGS WEBSITE|STRAIGHT FROM THE SOURCE · SEC EDGAR|SPONSOREDYour message on this tape — bid on the Rockwood Ad Exchange · Rockwood Ad Exchange|
Rockwood Research
…

ADC

AGREE REALTY CORP

Real Estate Investment Trusts · SIC 6798CIK 917251Held by 2 tracked managersEDGAR filings ↗10-K/10-Q ↗

SHARE:XLINKEDINEMAIL
Revenue FY2025
$0.72B
Net Income FY2025
$0.20B
EPS (Basic, as reported)
$1.77
Net Margin FY2025
28.4%
ROE FY2025
3.3%
Total Equity
$6.27B
Shares Out
124M
Business description

AGREE REALTY CORP — Real Estate Investment Trusts. Figures are as reported in each year's original 10-K via SEC EDGAR XBRL company facts (FY2009–FY2025; structured XBRL data begins around 2008). Market-price metrics are not part of EDGAR data.

Annual (fiscal years, as reported)USD millions
i
default rows · click any row to chart itRevenue: 92 → 718 +25.6% CAGR
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue92117148187249339430537617718
General & administrative(8)(10)(12)(16)(21)(25)(30)(35)(37)(44)
Total operating expenses(40)(54)(75)(86)(123)(164)(217)(285)(326)(383)
Operating income526273101125190218254302340
Interest expense(15)(18)(25)(33)(40)(50)(63)(81)(109)(135)
Other income (expense), net—000001011
Income tax expense00(1)(1)(1)(2)(3)(3)(4)(2)
Net income4558588091122152170189204
EPS — basic$1.97$2.09$1.80$1.96$1.76$1.79$1.84$1.70$1.79$1.77
EPS — diluted$1.97$2.08$1.78$1.93$1.74$1.78$1.83$1.70$1.78$1.77
Shares outstanding — basic (M)2328324152677995101111
Shares outstanding — diluted (M)2328324152677995102111

Showing the latest 10 of 17 fiscal years.

Source: SEC EDGAR XBRL company facts — figures as reported in each period's original filing (structured data begins ~2008). EPS and other per-share figures are as reported and are not adjusted for later stock splits; a ⚑ marks a period where the reported share count changed by a large factor. Dollar figures in millions unless per-share. Line items a company never reports are omitted. Where a filer switched XBRL concepts, the successor concept is used and definitions can differ slightly (e.g. cash may include restricted cash; banks' revenue is net of interest expense; cost of revenue may exclude D&A; net income may be the amount available to common stockholders; debt issued/repaid may be net of issuance costs or include finance-lease obligations — each only where the original concept stopped being reported). Click a period header to open that period's source filing on EDGAR.