Agree Realty Corp.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $205.1M | $200.8M | $190.5M | $183.2M | $175.5M | $169.2M | $160.7M | $154.3M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $12.0M | $11.5M | $11.1M | $10.9M | $11.3M | $10.8M | $8.9M | $9.1M |
| Operating Income | $95.3M | $98.6M | $92.4M | $87.3M | $82.0M | $78.7M | $75.3M | $74.4M |
| Operating Margin | 46.5% | 49.1% | 48.5% | 47.6% | 46.7% | 46.5% | 46.9% | 48.2% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $375.0K | $500.0K | $260.0K | $225.0K | $425.0K | $825.0K | $1.1M | $1.1M |
| Net Income | $54.7M | $62.1M | $56.0M | $52.1M | $49.2M | $47.0M | $45.2M | $44.4M |
| Net Margin | 26.6% | 30.9% | 29.4% | 28.4% | 28.0% | 27.8% | 28.1% | 28.8% |
| EPS (Basic) | $0.44 | $0.50 | $0.47 | $0.45 | $0.43 | $0.42 | $0.41 | $0.42 |
| EPS (Diluted) | $0.44 | $0.50 | $0.47 | $0.45 | $0.43 | $0.42 | $0.41 | $0.42 |
| Shares Outstanding (Basic) | 120.0M | 119.9M | 110.7M | 111.3M | 109.8M | 107.0M | 101.1M | 100.4M |
| Shares Outstanding (Diluted) | 120.5M | 120.4M | 111.2M | 111.5M | 110.4M | 107.5M | 101.9M | 101.7M |
| Dividends Per Share | $0.80 | $0.79 | $0.26 | $0.77 | $0.77 | $0.76 | $0.76 | $0.75 |