For Q1 FY2026 (ended March 31, 2026), Agree Realty Corporation reported revenue of $200.8 million, up 18.7% year-over-year. Net income was $62.1 million, a 32.0% increase, and operating income rose 25.2% to $98.6 million. Diluted EPS grew 19.0% to $0.50. The company had $25.1 million in cash and $6.24 billion in equity.
•Revenue increased 18.7% YoY to $200.8 million.
•Net income rose 32.0% YoY to $62.1 million.
•Diluted EPS grew 19.0% to $0.50.
•Operating income increased 25.2% to $98.6 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Agree Realty is a publicly traded real estate investment trust. The Firm is Rethinking Retail through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants.
As of December 31, 2025, the Company owned and operated a portfolio of 2,674 properties, located in all 50 states and containing approximately 55.5 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange. Agree Realty Corporation was incorporated in 1971 and is based in Royal Oak, United States.
Agree Realty Corporation is a publicly traded real estate investment trust (REIT) that focuses on the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2025, the company owned and operated a portfolio of 2,674 properties across all 50 states, encompassing approximately 55.5 million square feet of gross leasable area. The firm's strategy is centered on 'Rethinking Retail' by investing in high-quality retail real estate that supports both physical and digital commerce. Its tenants are primarily well-known, creditworthy retailers that operate across multiple channels, including brick-and-mortar stores and e-commerce. This approach aims to provide stable, long-term rental income through net leases, where tenants typically cover property expenses such as taxes, insurance, and maintenance.
Where is Agree Realty Corporation (ADC) listed and in which currency?
Agree Realty Corporation's common stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol 'ADC'. The trading currency is the US Dollar (USD), reflecting the company's operations and primary market in the United States. As a US-based REIT, its financial reporting and dividends are also denominated in USD. Investors can buy and sell shares on the NYSE during regular trading hours, and the stock is part of the broader real estate and REIT sectors within the exchange.
What sector and industry does Agree Realty Corporation (ADC) operate in?
Agree Realty Corporation operates in the Real Estate sector, specifically within the REIT - Retail industry. As a real estate investment trust, it is structured to own and manage income-producing real estate, and in this case, the focus is on retail properties. The REIT - Retail industry includes companies that invest in shopping centers, standalone retail buildings, and other retail-focused real estate assets. Agree Realty distinguishes itself by targeting net-leased properties leased to omni-channel retailers, meaning tenants that combine physical stores with online sales. This industry classification requires the company to distribute at least 90% of its taxable income to shareholders as dividends, making it a popular choice for income-focused investors.
Where is Agree Realty Corporation (ADC) headquartered and what markets does it serve?
Agree Realty Corporation is headquartered in Royal Oak, Michigan, United States. The company was incorporated in 1971 and has since grown to serve markets across all 50 states. As of December 31, 2025, its portfolio comprised 2,674 properties located nationwide, covering approximately 55.5 million square feet of gross leasable area. This extensive geographic diversification reduces reliance on any single regional economy and allows the company to partner with national and regional retail tenants. The properties are primarily net-leased, meaning tenants are responsible for property expenses, which provides stable cash flow. By operating in all 50 states, Agree Realty captures opportunities in diverse retail markets, from urban centers to suburban areas.
What is the business model of Agree Realty Corporation (ADC) and how does it generate revenue?
Agree Realty Corporation generates revenue primarily through the ownership and leasing of retail real estate properties. As a REIT, it acquires and develops properties that are net leased to tenants, meaning the tenant pays rent plus a share of property operating expenses such as taxes, insurance, and maintenance. This model provides predictable, long-term income streams with minimal landlord responsibilities. The company's portfolio as of December 31, 2025, included 2,674 properties leased to industry-leading, omni-channel retail tenants, which are retailers that successfully integrate physical stores with e-commerce operations. By focusing on creditworthy tenants and net leases, Agree Realty aims to maintain high occupancy rates and stable rental income. The company also develops properties to expand its portfolio, targeting locations that meet its investment criteria. Revenue is then used to pay dividends to shareholders, as required by REIT regulations.