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.
Revenue
$183.2M
Gross Profit
N/A
Operating Profit
$87.3M
Net Profit
$52.1M
Gross Margin
N/A
Operating Margin
47.6%
Net Margin
28.4%
YoY Growth
18.7%
EPS
$0.45
AGREE REALTY CORP Q3 FY2025 Financial Summary
AGREE REALTY CORP reported revenue of $183.2M (up 18.7% YoY) for Q3 FY2025, with a net profit of $52.1M (up 17.4% YoY) (28.4% margin).
Key Financial Metrics
| Total Revenue | $183.2M |
|---|---|
| Net Profit | $52.1M |
| Gross Margin | N/A |
| Operating Margin | 47.6% |
| Report Period | Q3 FY2025 |
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).
| Year | Annual Revenue |
|---|---|
| 2025 | $718.4M |
| 2024 | $617.1M |
| 2023 | $537.5M |
| 2022 | $429.8M |
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 |