Agree Realty Corp.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $137.1M | $111.5M | $91.5M | $70.0M | $53.6M | $43.5M | $34.6M | $30.3M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $11.8M | $9.4M | $7.9M | $7.0M | $6.6M | $6.0M | $5.7M | $5.7M |
| Operating Income | $73.0M | $63.0M | $51.7M | $40.1M | $27.9M | $25.4M | $19.4M | $15.3M |
| Operating Margin | 53.2% | 56.5% | 56.4% | 57.3% | 52.1% | 58.4% | 56.0% | 50.7% |
| Interest Expense | $24.9M | $18.1M | $15.3M | $12.3M | $8.6M | $6.5M | $5.1M | $4.0M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $516.0K | $227.0K | $153.0K | — | — | — | — | — |
| Net Income | $58.2M | $58.1M | $45.1M | $39.0M | $18.5M | $19.7M | $18.0M | $9.6M |
| Net Margin | 42.4% | 52.1% | 49.3% | 55.8% | 34.5% | 45.2% | 52.1% | 31.6% |
| EPS (Basic) | $1.80 | $2.09 | $1.97 | $2.17 | $1.24 | $1.51 | $1.63 | $0.99 |
| EPS (Diluted) | $1.78 | $2.08 | $1.97 | $2.16 | $1.24 | $1.50 | $1.62 | $0.99 |
| Shares Outstanding (Basic) | 32.1M | 27.6M | 22.9M | 18.0M | 14.9M | 13.1M | 11.1M | 9.6M |
| Shares Outstanding (Diluted) | 32.4M | 27.7M | 23.0M | 18.1M | 15.0M | 13.2M | 11.1M | 9.7M |
| Dividends Per Share | — | — | — | — | — | $1.64 | $1.60 | $1.60 |