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Agree Realty ADC Income Tax

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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$8.8B+9.3%
Enterprise value$12.56B+54.6%
P/E40.1×-2.0×
P/S11.7×-0.9×

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

Reported directly by Agree Realty in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Agree Realty’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Agree Realty's income tax?
Agree Realty (ADC) reported income tax of $500K in Q1 2026.
How has Agree Realty's income tax changed year-over-year?
Agree Realty's income tax decreased by 39.4% year-over-year, from $825K to $500K.
What is the long-term trend for Agree Realty's income tax?
Over 4 years (2021 to 2025), Agree Realty's income tax has grown at a -7.8% compound annual growth rate (CAGR), from $2.4M to $1.74M.
What does income tax mean?
The total tax cost recognized by the company on its earnings.
How do you interpret income tax?
Lower tax expense is generally preferred, though for REITs, it is often a function of specific tax regulations and corporate structure.
How does income tax compare across companies?
Standard across all sectors, though REITs typically have lower effective tax rates than C-corps.