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Other financials

Income statement

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Revenue$200.8M+18.7%
Operating income$98.6M+25.2%
Net income$62.1M+32.0%
EPS (diluted)$0.50+19.0%

Balance sheet

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Cash & equivalents$31.2M+179%
Total debt$3.8B+16,437%
Total equity$6.2B+10.5%
Total assets$10.2B+15.7%

Cash flow

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Operating cash flow$145.2M+14.6%

Valuation

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Market cap$9.46B+16.1%
Enterprise value$13.23B+61.9%
P/E43.1×-0.8×
P/S12.6×+0.3×

Profitability

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Operating margin48%-0.7pp
Net margin29.3%-0.8pp

Returns & leverage

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Return on equity3.7%+0.2pp
Debt / equity0.6×+0.6×

Where this comes from

Calculated from Agree Realty’s reported figures.

$98.6Mebit+
$66.7MDepreciation Depletion & Amortization
=$165.25M

The source filing: Agree Realty’s 10-Q, filed April 21, 2026. Open the filing →

Filed
Apr 21, 2026, 4:06 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000917251-26-000047

FAQ

What is Agree Realty's EBITDA?
Agree Realty (ADC) reported EBITDA of $165.25M in Q1 2026.
How has Agree Realty's EBITDA changed year-over-year?
Agree Realty's EBITDA increased by 22.9% year-over-year, from $134.45M to $165.25M.
What is the long-term trend for Agree Realty's EBITDA?
Over 4 years (2021 to 2025), Agree Realty's EBITDA has grown at a 19.3% compound annual growth rate (CAGR), from $286M to $579.7M.
What does EBITDA mean?
Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.

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