NYSE:ADC
Agree Realty Corp.
Agree Realty Corp.'s revenue grew 16.4% in fiscal 2025 to $718.4M while operating margin fell to 47.4%. The diluted share count rose 9.2%.Summary generated from Agree Realty Corp.'s SEC filings. Latest annual report filed Feb 10, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$718.4M
Revenue growth+16.4%
Revenue, 5-yr CAGR+23.6%
Gross marginn/a
Operating margin47.4%
Net margin28.4%
ROICn/a
Return on equity3.5%
Debt / equityn/a
Free cash flown/a
FCF marginn/a
Share count change+9.2%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 339 | 430 | 537 | 617 | 718 |
| Operating income | 190 | 218 | 254 | 302 | 340 |
| Net income | 122 | 152 | 170 | 189 | 204 |
| Free cash flow | −1,144 | −1,238 | −808 | −443 | n/a |
Recent filings
- 8-KOther events
Oct 2, 2026 - 4Insider transaction report
Sep 23, 2026 - 8-KEntry into a material agreement
Sep 22, 2026 - 4Insider transaction report
Sep 17, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 30, 2026 - 8-KResults of operations and financial condition
Jul 30, 2026 - 8-KOther events
Jul 2, 2026 - 8-KResults of a shareholder vote
May 14, 2026