Company / SG&A Expense
Agree Realty SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$44.1M
FY2025
5-year range
$25.5M / $44.1M
FY2021-FY2025
Trend
+18.3%
vs FY2024
Sector context
#84 of 131
Real Estate
What the data says
At $44M, Agree Realty's sg&a expense ranks #48 of 131 in the Real Estate sector. SG&A Expense has increased for 9 consecutive years, from $8M in FY2016 to $44M in FY2025.
Based on SEC 10-K filings.
$44M in FY2025 with a 5-year CAGR of +16.2%.
Increased from $35M to $44M over the past 2 years.
Real Estate sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +13.5%
- 5-Year CAGR
- +16.2%
- 10-Year CAGR
- -
Sector benchmark
#48 of 131 in Real EstateTop 36% of 131This company $44.1M Sector average $159.5M
▼
-72.4% below sector average
Key checks
Key Insights
- Agree Realty's sg&a expense has grown for 9 consecutive years.
- 5-year CAGR of +16.2%, indicating consistent growth.
- In FY2025, sg&a expense increased 18.3% year-over-year.
- Ranks #84 out of 131 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 | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $44.1M | +18.3% |
| FY2024 | $37.2M | +7.0% |
| FY2023 | $34.8M | +15.5% |
| FY2022 | $30.1M | +18.3% |
| FY2021 | $25.5M | +22.4% |
| FY2020 | $20.8M | +33.6% |
| FY2019 | $15.6M | +32.4% |
| FY2018 | $11.8M | +24.7% |
| FY2017 | $9.4M | +19.9% |
| FY2016 | $7.9M | +12.5% |
As of FY2025 · SEC 10-K Annual Filings · Updated Feb 28, 2026