Agree Realty Corp.

ADC ·Real Estate, REIT - Diversified, United States
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2010 FY2009
Revenue $27.4M $32.0M
Cost of Revenue
Gross Profit
Gross Margin
Operating Expenses
Research & Development
SG&A Expense $5.0M $4.6M
Operating Income $8.8M $18.6M
Operating Margin 32.1% 58.1%
Interest Expense $3.5M $4.0M
Pretax Income
Income Tax Expense
Net Income $15.1M $17.0M
Net Margin 54.9% 53.3%
EPS (Basic) $1.65 $2.15
EPS (Diluted) $1.64 $2.14
Shares Outstanding (Basic) 9.2M
Shares Outstanding (Diluted) 9.2M
Dividends Per Share $2.04
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