Gross Profit for Agree Realty (ADC)
According to Agree Realty's latest reported financial statements, the company's current gross profit (TTM) is $657.38M USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
ADC
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TTM (last 4 quarters)
$657.38M
YoY change
+16.2%
5Y CAGR
+23.8%
Peak year (2025)
$630.25M
Cumulative gross profit
$3.33B
Gross Profit history chart for Agree Realty (ADC) from 1994 to 2025
Gross Profit history table for Agree Realty (ADC) from 1994 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $630.25M | +16.2% | ||
| 2024 | $542.25M | +15.2% | ||
| 2023 | $470.78M | +24.7% | ||
| 2022 | $377.53M | +26.6% | ||
| 2021 | $298.26M | +37.6% | ||
| 2020 | $216.82M | +32.2% | ||
| 2019 | $163.97M | +36.5% | ||
| 2018 | $120.11M | +21.3% | ||
| 2017 | $99.05M | +19.4% | ||
| 2016 | $82.93M | +30.4% | ||
| 2015 | $63.59M | +30.7% | ||
| 2014 | $48.64M | +22.0% | ||
| 2013 | $39.86M | +27.4% | ||
| 2012 | $31.30M | +16.8% | ||
| 2011 | $26.79M | +10.3% | ||
| 2010 | $24.30M | -20.4% | ||
| 2009 | $30.51M | -7.7% | ||
| 2008 | $33.07M | -4.0% | ||
| 2007 | $34.47M | — | ||
| 2006 | $0 | — | ||
| 2005 | $0 | — | ||
| 2004 | $0 | — | ||
| 2003 | $0 | — | ||
| 2002 | $0 | — | ||
| 2001 | $0 | — | ||
| 2000 | $0 | — | ||
| 1999 | $0 | — | ||
| 1998 | $0 | — | ||
| 1997 | $0 | — | ||
| 1996 | $0 | — | ||
| 1995 | $0 | — | ||
| 1994 | $0 | — |
Gross Profit 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
In 2025, Agree Realty (ADC) gross profit totalled $630.25M – grew 16.2% year-over-year.
Across 2020–2025 (5 years), Agree Realty gross profit produced a CAGR of +23.8% – sustaining 15 straight years of year-over-year growth.
2025 marks the peak gross profit at $630.25M, with the historical low of $0 recorded in 1994.
Agree Realty (ADC) sits 9th of 8 Real Estate peers we track on this metric, against a peer median of $4.96B.
Agree Realty Gross Profit by Year
Agree Realty Gross Profit 2025: $630.25M
Agree Realty gross profit in 2025 was $630.25M, grew 16.2% from 2024. This figure represents the highest annual value in the available history.
Agree Realty Gross Profit 2024: $542.25M
Agree Realty gross profit in 2024 was $542.25M, grew 15.2% from 2023.
Agree Realty Gross Profit 2023: $470.78M
Agree Realty gross profit in 2023 was $470.78M, grew 24.7% from 2022.
Agree Realty Gross Profit 2022: $377.53M
Agree Realty gross profit in 2022 was $377.53M, grew 26.6% from 2021.
Agree Realty Gross Profit 2021: $298.26M
Agree Realty gross profit in 2021 was $298.26M.
See more financial history for Agree Realty (ADC).
Sector peers — Gross Profit
Companies in the same sector as Agree Realty, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| American Tower Corporation (AMT) | $7.84B | Real Estate |
| Simon Property Group, Inc. (SPG) | $5.46B | Real Estate |
| Prologis, Inc. (PLD) | $5.24B | Real Estate |
| Realty Income Corporation (O) | $5.16B | Real Estate |
| Equinix, Inc. (EQIX) | $4.75B | Real Estate |
| Welltower Inc. (WELL) | $4.18B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $3.39B | Real Estate |
| Public Storage (PSA) | $1.20B | Real Estate |
Frequently asked questions
What is Agree Realty's gross profit?
- Latest reported gross profit for Agree Realty (ADC) is $657.38M (period ending March 31, 2026).
How has Agree Realty gross profit changed year-over-year?
- Agree Realty (ADC) gross profit changed +16.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Agree Realty gross profit?
- Agree Realty (ADC) gross profit compound annual growth rate is +23.8% over the most recent 5 years available.
When did Agree Realty gross profit hit its highest annual value?
- Agree Realty gross profit reached its highest annual value of $630.25M in 2025.
What was Agree Realty gross profit in 2024?
- Agree Realty (ADC) gross profit in 2024 was $542.25M.
What was Agree Realty gross profit in 2025?
- Agree Realty (ADC) gross profit in 2025 was $630.25M.
Metrics overview
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