Company / Operating Income
Agree Realty Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$340.4M
FY2025
5-year range
$190.3M / $340.4M
FY2021-FY2025
Trend
+12.6%
vs FY2024
Sector context
#32 of 71
Real Estate
What the data says
At $340M, Agree Realty's operating income ranks #32 of 71 in the Real Estate sector. Operating Income has increased for 9 consecutive years, from $52M in FY2016 to $340M in FY2025.
Based on SEC 10-K filings.
$340M in FY2025 with a 5-year CAGR of +20.7%.
Improved from $254M to $340M over the past 2 years.
Real Estate sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- +16.0%
- 5-Year CAGR
- +20.7%
- 10-Year CAGR
- -
Sector benchmark
#32 of 71 in Real EstateTop 45% of 71This company $340.4M Sector average $492.4M
▼
-30.9% below sector average
Key checks
Key Insights
- Agree Realty's operating income has grown for 9 consecutive years.
- 5-year CAGR of +20.7%, indicating consistent growth.
- In FY2025, operating income increased 12.6% year-over-year.
- Ranks #32 out of 71 companies in the Real Estate sector.
Company context
Key Data Points
- Altman Z-Score 0.93 (distress zone, below 1.8 threshold)
- Strong profit margin: 30.7%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $340.4M | +12.6% |
| FY2024 | $302.2M | +18.8% |
| FY2023 | $254.4M | +16.6% |
| FY2022 | $218.1M | +14.6% |
| FY2021 | $190.3M | +42.9% |
| FY2020 | $133.1M | +16.4% |
| FY2019 | $114.4M | +56.7% |
| FY2018 | $73.0M | +16.0% |
| FY2017 | $63.0M | +21.9% |
| FY2016 | $51.7M | +28.8% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026