The financials
Agree Realty Corporation by the numbers
Agree Realty Corporation (ADC) reported revenue of $201M in Q1 2026 (quarter ended March 31, 2026), up 19% from the same quarter a year earlier. That came with net income of $62M (31% of revenue). For the full year FY2025, revenue was $718M (+16% year on year) and net income $204M.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $201M | $169M | +19% |
| Operating income | $99M | $79M | +25% |
| Net income | $62M | $47M | +32% |
| Diluted EPS | $0.50 | $0.42 | +19% |