AGREE REALTY CORPADCEarnings & Financial Report
Duke Realty was a real estate investment trust (REIT) based in Indianapolis, Indiana, that invested in industrial properties. As of December 31, 2021, it owned or jointly controlled 548 primarily industrial properties containing 162.7 million rentable square feet. In October 2022, it was acquired by Prologis.
ADC Q1 FY2026 Key Financial Metrics
Revenue
$200.8M
Gross Profit
N/A
Operating Profit
$98.6M
Net Profit
$62.2M
Gross Margin
N/A
Operating Margin
49.1%
Net Margin
31.0%
YoY Growth
18.7%
EPS
$1.04
AGREE REALTY CORP Q1 FY2026 Financial Summary
AGREE REALTY CORP reported revenue of $200.8M (up 18.7% YoY) for Q1 FY2026, with a net profit of $62.2M (up 32.0% YoY) (31.0% margin).
Key Financial Metrics
| Total Revenue | $200.8M |
|---|---|
| Net Profit | $62.2M |
| Gross Margin | N/A |
| Operating Margin | 49.1% |
| Report Period | Q1 FY2026 |
AGREE REALTY CORP Annual Revenue by Year
AGREE REALTY CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $718.4M).
AGREE REALTY CORP Quarterly Revenue & Net Profit History
AGREE REALTY CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $200.8M | +18.7% | $62.2M | 31.0% |
| Q4 FY2025 | $190.5M | +18.5% | $56.0M | 29.4% |
| Q3 FY2025 | $183.2M | +18.7% | $52.1M | 28.4% |
| Q2 FY2025 | $175.5M | +15.0% | $49.2M | 28.0% |
| Q1 FY2025 | $169.2M | +13.2% | $47.0M | 27.8% |
| Q4 FY2024 | $160.7M | +11.5% | $45.2M | 28.1% |
| Q3 FY2024 | $154.3M | +12.8% | $44.4M | 28.8% |
| Q2 FY2024 | $152.6M | +17.5% | $54.7M | 35.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $152.6M | $154.3M | $160.7M | $169.2M | $175.5M | $183.2M | $190.5M | $200.8M |
| YoY Growth | 17.5% | 12.8% | 11.5% | 13.2% | 15.0% | 18.7% | 18.5% | 18.7% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $8.00B | $8.18B | $8.49B | $8.80B | $9.08B | $9.48B | $9.80B | $10.18B |
| Liabilities | $2.84B | $2.89B | $2.98B | $3.16B | $3.43B | $3.61B | $3.53B | $3.94B |
| Equity | $5.16B | $5.29B | $5.51B | $5.64B | $5.65B | $5.87B | $6.27B | $6.24B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $112.8M | $128.6M | $432.0M | $126.7M | $119.6M | $146.5M | $504.1M |