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Agree Realty ADC Operating Income

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Other financials

Income statement

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Revenue$200.8M+18.7%
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:OperatingIncomeLoss.

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 operating income?
Agree Realty (ADC) reported operating income of $98.55M in Q1 2026.
How has Agree Realty's operating income changed year-over-year?
Agree Realty's operating income increased by 25.2% year-over-year, from $78.7M to $98.55M.
What is the long-term trend for Agree Realty's operating income?
Over 4 years (2021 to 2025), Agree Realty's operating income has grown at a 15.7% compound annual growth rate (CAGR), from $190.27M to $340.39M.
What does operating income mean?
The profit earned from primary business operations before accounting for interest and taxes.
How do you interpret operating income?
Higher operating income suggests better property management, higher occupancy, or improved cost control.
How does operating income compare across companies?
Standard metric across all public companies, though REITs often supplement this with FFO (Funds From Operations).