EBITDA for Agree Realty (ADC)
According to Agree Realty's latest reported financial statements, the company's current EBITDA (TTM) is $613.29M USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

ADC
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$613.29M
YoY change
+13.6%
5Y CAGR
+23.4%
Peak year (2025)
$617.06M
Cumulative EBITDA
$3.57B
EBITDA history chart for Agree Realty (ADC) from 1994 to 2025
EBITDA history table for Agree Realty (ADC) from 1994 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $617.06M | +13.6% | ||
| 2024 | $543.26M | +17.1% | ||
| 2023 | $463.95M | +20.1% | ||
| 2022 | $386.24M | +30.6% | ||
| 2021 | $295.67M | +37.0% | ||
| 2020 | $215.80M | +33.3% | ||
| 2019 | $161.90M | +36.0% | ||
| 2018 | $119.02M | +25.7% | ||
| 2017 | $94.71M | +26.2% | ||
| 2016 | $75.07M | +32.6% | ||
| 2015 | $56.60M | +34.7% | ||
| 2014 | $42.01M | +23.0% | ||
| 2013 | $34.16M | +27.1% | ||
| 2012 | $26.88M | +16.4% | ||
| 2011 | $23.09M | +9.0% | ||
| 2010 | $21.19M | -20.3% | ||
| 2009 | $26.59M | -1.6% | ||
| 2008 | $27.02M | +4.4% | ||
| 2007 | $25.88M | +4.3% | ||
| 2006 | $24.81M | +7.2% | ||
| 2005 | $23.15M | +5.9% | ||
| 2004 | $21.87M | +10.4% | ||
| 2003 | $19.81M | -37.2% | ||
| 2002 | $31.57M | +4.4% | ||
| 2001 | $30.25M | +40.2% | ||
| 2000 | $21.58M | -34.0% | ||
| 1999 | $32.70M | +11.2% | ||
| 1998 | $29.40M | +8.1% | ||
| 1997 | $27.20M | +107.5% | ||
| 1996 | $13.11M | -37.6% | ||
| 1995 | $21.00M | +40.0% | ||
| 1994 | $15.00M | — |
EBITDA values are taken from Agree Realty's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Agree Realty (ADC) most recent annual EBITDA stands at $617.06M (2025) – grew 13.6% year-over-year.
Agree Realty EBITDA compound annual growth for the 2020–2025 (5 years) window is +23.4%, sustaining 15 straight years of year-over-year growth.
The highest annual EBITDA of $617.06M was reported in 2025. The lowest in the available history was $13.11M in 1996.
Within Real Estate, Agree Realty (ADC) ranks 9th among 8 peers we track. The peer median for EBITDA is $3.83B.
Agree Realty EBITDA by Year
Agree Realty EBITDA 2025: $617.06M
Agree Realty EBITDA in 2025 was $617.06M, grew 13.6% from 2024. This figure represents the highest annual value in the available history.
Agree Realty EBITDA 2024: $543.26M
Agree Realty EBITDA in 2024 was $543.26M, grew 17.1% from 2023.
Agree Realty EBITDA 2023: $463.95M
Agree Realty EBITDA in 2023 was $463.95M, grew 20.1% from 2022.
Agree Realty EBITDA 2022: $386.24M
Agree Realty EBITDA in 2022 was $386.24M, surged 30.6% from 2021.
Agree Realty EBITDA 2021: $295.67M
Agree Realty EBITDA in 2021 was $295.67M.
See more financial history for Agree Realty (ADC).
Sector peers — EBITDA
Companies in the same sector as Agree Realty, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Simon Property Group, Inc. (SPG) | $7.86B | Real Estate |
| Prologis, Inc. (PLD) | $7.20B | Real Estate |
| American Tower Corporation (AMT) | $6.12B | Real Estate |
| Equinix, Inc. (EQIX) | $4.07B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $3.59B | Real Estate |
| Realty Income Corporation (O) | $3.55B | Real Estate |
| Public Storage (PSA) | $3.25B | Real Estate |
| Welltower Inc. (WELL) | $2.31B | Real Estate |
Frequently asked questions
What is Agree Realty's EBITDA?
- Latest reported EBITDA for Agree Realty (ADC) is $613.29M (period ending March 31, 2026).
How has Agree Realty EBITDA changed year-over-year?
- Agree Realty (ADC) EBITDA changed +13.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Agree Realty EBITDA?
- Agree Realty (ADC) EBITDA compound annual growth rate is +23.4% over the most recent 5 years available.
When did Agree Realty EBITDA hit its highest annual value?
- Agree Realty EBITDA reached its highest annual value of $617.06M in 2025.
What was Agree Realty EBITDA in 2024?
- Agree Realty (ADC) EBITDA in 2024 was $543.26M.
What was Agree Realty EBITDA in 2025?
- Agree Realty (ADC) EBITDA in 2025 was $617.06M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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