← AGREE REALTY CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $91.5m |
$116.6m
+27.34%
|
$148.2m
+27.15%
|
$187.5m
+26.51%
|
$248.6m
+32.59%
|
$339.3m
+36.51%
|
$429.8m
+26.67%
|
$537.5m
+25.05%
|
$617.1m
+14.81%
|
$718.4m
+16.42%
|
$779.6m
+8.52%
|
|
| Gains (Losses) on Sales of Investment Real Estate | $10.0m | $14.2m | $11.2m | $13.3m | $8.0m | $14.9m | $5.3m | $1.8m | $11.5m | $5.4m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | $187.3m | $248.3m | $339.1m | $429.6m | $537.4m | $616.8m | $718.2m | — | |
| Revenue Not from Contract with Customer, Other | — | — | — | $199k | $259k | $256k | $182k | $92k | $273k | $235k | — | |
| General and Administrative Expense | $8.0m | $9.9m | $12.2m | $15.6m | $20.8m | $25.5m | $30.1m | $34.8m | $37.2m | $44.1m | $45.4m | |
| Operating Lease, Lease Income | — | — | — | $193.8m | $257.4m | $352.8m | $450.4m | $558.2m | $637.8m | $737.6m | — | |
| Operating Lease, Expense | — | — | — | $1.2m | $1.3m | $1.6m | $1.6m | $1.7m | $1.6m | $2.1m | — | |
| Operating expenses: | ||||||||||||
| Operating Income (Loss) | $51.5m |
$62.4m
+21.12%
|
$73.0m
+17.01%
|
$101.1m
+38.47%
|
$125.1m
+23.78%
|
$190.3m
+52.06%
|
$218.1m
+14.62%
|
$254.4m
+16.65%
|
$302.2m
+18.81%
|
$340.4m
+12.62%
|
$377.6m
+10.92%
|
|
| Interest Expense | $15.3m | $18.1m | $24.9m | $33.1m | $40.1m | $50.4m | $63.4m | $81.1m | — | — | $147.8m | |
| Other Nonoperating Income (Expense) | — | — | $4k | — | $23k | $0 | $1.2m | $189k | $799k | $941k | — | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $108.9m | $134.6m | $147.8m | |
| Other Income | $32k | $485k | $233k | — | — | — | — | — | — | — | — | |
| Real Estate Tax Expense | $5.5m | $8.2m | $10.7m | $15.5m | $21.4m | $25.5m | $32.1m | $40.1m | $46.9m | $52.2m | — | |
| Income Tax Expense (Benefit) | $8k | $227k | $516k | $538k | $1.1m | $2.4m | $2.9m | $2.9m | $4.3m | $1.7m | $1.4m | |
| Net Income (Loss) Attributable to Parent | $45.1m |
$58.1m
+28.80%
|
$58.2m
+0.10%
|
$80.1m
+37.66%
|
$91.4m
+14.11%
|
$122.3m
+33.81%
|
$152.4m
+24.67%
|
$170.0m
+11.49%
|
$189.2m
+11.32%
|
$204.3m
+8.01%
|
$217.0m
+6.19%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | $57.8m |
$79.7m
+37.89%
|
$91.1m
+14.28%
|
$120.1m
+31.88%
|
$145.0m
+20.71%
|
$162.5m
+12.08%
|
$181.8m
+11.84%
|
$196.9m
+8.34%
|
$217.0m
+10.21%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | $679k | $678k | $626k | $682k | $591k | $603k | $598k | $588k | $635k | $640k | $217.0m | |
| Preferred Stock Dividends, Income Statement Impact | — | — | — | — | — | $2.1m | $7.4m | $7.4m | $7.4m | $7.4m | $7.4m | |
| Earnings Per Share, Basic | $1.97 | $2.09 | $1.80 | $1.96 | $1.76 | $1.79 | $1.84 | $1.70 | $1.79 | $1.77 | $1.86 | |
| Earnings Per Share, Diluted | $1.97 | $2.08 | $1.78 | $1.93 | $1.74 | $1.78 | $1.83 | $1.70 | $1.78 | $1.77 | $1.86 | |
| Income (Loss) from Continuing Operations, Per Basic Share | $2 | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $2 | — | — | — | — | — | — | — | — | — | — | |
| Common Stock, Dividends, Per Share, Declared | — | — | — | — | — | — | — | $2.92 | $3.00 | $3.08 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 22.9m | 27.6m | 32.1m | 40.6m | 51.8m | 66.8m | 78.7m | 95.2m | 101.1m | 110.7m | 116.5m | |
| Weighted Average Number of Shares Outstanding, Diluted | 23.0m | 27.7m | 32.4m | 41.2m | 52.4m | 67.1m | 79.2m | 95.4m | 101.9m | 111.2m | 116.9m | |
| Additional Financial Items | ||||||||||||
| Direct Costs of Leased and Rented Property or Equipment | $2.5m | $3.6m | $5.6m | — | — | — | — | — | — | — | — | |
| Reclassification from AOCI, Current Period, before Tax, Attributable to Parent | — | — | — | — | — | $13.4m | — | — | — | — | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | $0 | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $45.8m | — | — | — | — | — | — | — | — | — | — |