Agree Realty Corporation Income Statement
Concept
Total Revenue
YoY
Cost of Goods Sold (COGS)
Gross Profit
Operating expenses
Selling, General & Administrative
Research & Development
Operating Income
Interest Expense
Income Before Tax
Tax Provision
Net Income
YoY
Total Expenses
Net Interest Income
EBITDA
Reconciled Depreciation
EBIT
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
537M
16.05%
240M
298M
35M
35M
0M
263M
76M
177M
3M
170M
11.49%
274M
-76M
438M
201M
263M
463M
27.38%
86M
378M
164M
30M
0M
218M
63M
156M
3M
152M
24.67%
249M
-63M
343M
167M
218M
364M
46.28%
65M
298M
121M
25M
0M
190M
66M
125M
2M
122M
33.81%
187M
-50M
274M
120M
190M
249M
32.59%
32M
217M
88M
21M
0M
125M
45M
93M
1M
91M
14.11%
119M
-40M
192M
83M
125M
187M
26.51%
24M
164M
61M
16M
0M
101M
33M
81M
1M
80M
37.66%
85M
-33M
137M
59M
101M
148M
27.15%
17M
131M
56M
12M
0M
73M
25M
59M
1M
58M
0.10%
73M
-25M
110M
44M
66M
117M
27.34%
12M
104M
42M
10M
0M
62M
18M
59M
0M
58M
28.80%
54M
-18M
80M
32M
48M
92M
30.82%
9M
83M
31M
8M
0M
52M
15M
46M
0M
45M
15.63%
40M
-15M
65M
0M
42M
70M
30.63%
6M
64M
23M
7M
0M
40M
0M
40M
0M
39M
111.05%
30M
0M
45M
0M
28M
54M
23.07%
5M
49M
18M
7M
0M
28M
9M
19M
0M
18M
-6.03%
23M
0M
42M
0M
31M
44M
21.60%
4M
40M
14M
6M
0M
25M
6M
19M
0M
20M
9.01%
18M
0M
34M
0M
25M
36M
-1.46%
4M
32M
12M
6M
0M
20M
5M
15M
0M
18M
88.97%
16M
0M
27M
0M
20M
36M
0.58%
5M
31M
12M
6M
0M
16M
5M
10M
0M
10M
-36.61%
17M
0M
27M
0M
21M
36M
-3.08%
4M
32M
11M
5M
0M
14M
5M
15M
0M
15M
-16.27%
15M
0M
35M
0M
29M
37M
4.50%
2M
35M
15M
5M
0M
23M
5M
15M
0M
18M
19.82%
15M
0M
28M
0M
23M
36M
3.44%
0M
36M
19M
7M
0M
16M
5M
15M
0M
15M
-3.01%
19M
0M
22M
0M
16M
34M
4.74%
14M
34M
14M
4M
0M
21M
0M
22M
0M
15M
10.79%
14M
0M
25M
0M
20M
33M
4.21%
13M
33M
13M
4M
0M
20M
0M
15M
0M
14M
-12.92%
13M
0M
25M
0M
20M
32M
5.51%
13M
32M
13M
4M
0M
18M
0M
18M
0M
16M
22.29%
13M
0M
23M
0M
23M
30M
8.94%
12M
30M
12M
3M
0M
18M
0M
18M
0M
13M
25.32%
12M
0M
23M
0M
18M
27M
6.38%
11M
27M
10M
2M
0M
17M
0M
15M
0M
10M
19.37%
10M
0M
24M
0M
19M
26M
4.64%
10M
26M
10M
2M
0M
16M
0M
16M
0M
9M
8.76%
10M
0M
19M
0M
15M
25M
4.00%
10M
25M
10M
2M
0M
15M
0M
16M
0M
8M
13.63%
10M
0M
18M
0M
14M
24M
8.21%
9M
24M
9M
2M
0M
15M
0M
15M
0M
7M
4.28%
9M
0M
18M
0M
14M
22M
11.47%
0M
22M
8M
1M
0M
14M
0M
14M
0M
7M
11.82%
8M
0M
17M
0M
13M
20M
7.89%
0M
20M
7M
1M
0M
12M
0M
0M
0M
6M
16.60%
7M
0M
16M
0M
12M
18M
11.92%
0M
18M
7M
1M
0M
12M
0M
0M
0M
5M
39.80%
7M
0M
15M
0M
12M
16M
18.05%
0M
16M
6M
1M
0M
10M
0M
11M
0M
4M
16.69%
6M
0M
12M
0M
9M
14M
45.26%
0M
14M
-5M
1M
0M
18M
0M
0M
0M
3M
966.67%
5M
0M
21M
0M
18M
10M
-
0M
10M
-4M
1M
0M
13M
0M
0M
0M
0M
966.67%
4M
0M
15M
0M
13M
Concept
Total Revenue
YoY
Cost of Goods Sold (COGS)
Gross Profit
Operating expenses
Selling, General & Administrative
Research & Development
Operating Income
Interest Expense
Income Before Tax
Tax Provision
Net Income
YoY
Total Expenses
Net Interest Income
EBITDA
Reconciled Depreciation
EBIT
4Q2023
3Q2023
2Q2023
1Q2023
4Q2022
3Q2022
2Q2022
1Q2022
4Q2021
3Q2021
2Q2021
1Q2021
4Q2020
3Q2020
2Q2020
1Q2020
4Q2019
3Q2019
2Q2019
1Q2019
4Q2018
3Q2018
2Q2018
1Q2018
4Q2017
3Q2017
2Q2017
1Q2017
4Q2016
3Q2016
2Q2016
1Q2016
4Q2015
3Q2015
2Q2015
1Q2015
4Q2014
3Q2014
2Q2014
1Q2014
4Q2013
3Q2013
2Q2013
1Q2013
4Q2012
3Q2012
2Q2012
1Q2012
4Q2011
3Q2011
2Q2011
1Q2011
4Q2010
3Q2010
2Q2010
1Q2010
4Q2009
3Q2009
2Q2009
1Q2009
4Q2008
3Q2008
2Q2008
1Q2008
4Q2007
3Q2007
2Q2007
1Q2007
4Q2006
3Q2006
2Q2006
1Q2006
4Q2005
3Q2005
2Q2005
1Q2005
4Q2004
3Q2004
2Q2004
1Q2004
4Q2003
3Q2003
2Q2003
1Q2003
4Q2002
3Q2002
2Q2002
1Q2002
4Q2001
3Q2001
2Q2001
1Q2001
4Q2000
3Q2000
2Q2000
1Q2000
4Q1999
3Q1999
2Q1999
1Q1999
4Q1998
3Q1998
2Q1998
1Q1998
4Q1997
3Q1997
2Q1997
1Q1997
4Q1996
3Q1996
2Q1996
1Q1996
4Q1995
3Q1995
2Q1995
1Q1995
4Q1994
3Q1994
2Q1994
1Q1994
144M
15.33%
64M
80M
9M
9M
0M
71M
20M
48M
1M
46M
12.29%
73M
-22M
118M
55M
71M
137M
24.30%
10M
127M
9M
9M
0M
63M
21M
39M
1M
42M
5.32%
19M
-21M
64M
54M
18M
130M
23.86%
16M
114M
51M
8M
0M
62M
20M
42M
1M
41M
13.61%
67M
-20M
114M
51M
63M
127M
28.75%
9M
117M
49M
9M
0M
61M
18M
42M
1M
5M
-86.04%
18M
-18M
101M
41M
61M
125M
26.18%
22M
103M
46M
8M
0M
57M
17M
42M
1M
41M
23.46%
68M
-17M
95M
46M
57M
110M
25.74%
13M
97M
42M
7M
0M
57M
17M
40M
1M
39M
7.53%
56M
-17M
98M
44M
57M
105M
27.05%
13M
92M
40M
8M
0M
52M
16M
37M
1M
36M
60.97%
53M
-16M
93M
40M
52M
98M
26.36%
12M
86M
36M
8M
0M
51M
14M
37M
1M
36M
19.93%
49M
-14M
86M
37M
51M
99M
38.72%
19M
80M
33M
7M
0M
47M
13M
34M
1M
33M
40.39%
52M
-13M
74M
34M
47M
88M
37.18%
11M
77M
30M
6M
0M
50M
13M
37M
0M
37M
72.29%
41M
-13M
78M
31M
47M
83M
43.47%
10M
73M
29M
6M
0M
43M
13M
23M
0M
22M
-11.53%
39M
-13M
80M
28M
51M
78M
39.46%
10M
68M
28M
7M
0M
40M
12M
31M
1M
30M
41.84%
38M
-12M
66M
26M
40M
71M
36.98%
9M
62M
26M
7M
0M
35M
59M
24M
0M
24M
4.67%
36M
-12M
55M
24M
35M
64M
32.73%
8M
56M
22M
5M
0M
31M
10M
22M
0M
21M
3.25%
30M
-10M
55M
21M
34M
58M
28.08%
7M
51M
20M
5M
0M
29M
8M
26M
0M
25M
36.06%
27M
-8M
50M
19M
30M
56M
31.79%
7M
48M
19M
5M
0M
30M
10M
22M
0M
21M
15.71%
26M
-10M
46M
18M
28M
52M
28.09%
7M
45M
17M
4M
0M
28M
33M
23M
0M
23M
70.77%
24M
-10M
37M
17M
24M
48M
41.18%
6M
42M
16M
4M
0M
27M
8M
21M
0M
21M
32.24%
21M
-8M
39M
15M
24M
45M
20.41%
6M
39M
15M
4M
0M
23M
7M
19M
0M
19M
19.11%
20M
-7M
37M
14M
23M
42M
22.50%
6M
37M
14M
4M
0M
22M
8M
18M
0M
18M
11.53%
19M
-8M
33M
13M
20M
41M
29.10%
5M
36M
15M
3M
0M
20M
25M
13M
0M
13M
-19.91%
20M
0M
33M
12M
21M
34M
12.06%
4M
30M
11M
3M
0M
19M
7M
16M
0M
16M
28.12%
15M
0M
24M
0M
13M
37M
32.86%
4M
33M
14M
3M
0M
19M
6M
16M
0M
16M
4.77%
18M
0M
37M
22M
16M
35M
30.15%
4M
31M
13M
3M
0M
18M
5M
17M
0M
16M
12.87%
17M
0M
23M
10M
13M
32M
24.62%
3M
28M
11M
2M
0M
17M
18M
17M
0M
16M
29.54%
14M
0M
22M
9M
13M
30M
25.77%
3M
27M
11M
2M
0M
16M
5M
12M
0M
12M
-14.71%
14M
0M
24M
8M
16M
28M
28.55%
3M
25M
10M
3M
0M
15M
4M
15M
0M
15M
39.54%
13M
0M
18M
8M
10M
27M
31.33%
3M
24M
10M
3M
0M
14M
4M
15M
0M
15M
95.35%
12M
0M
16M
7M
9M
25M
32.08%
2M
23M
8M
2M
0M
14M
15M
13M
0M
13M
63.45%
11M
0M
18M
7M
12M
24M
35.36%
2M
22M
8M
2M
0M
14M
4M
14M
0M
14M
-2.27%
10M
0M
16M
6M
10M
22M
26.86%
3M
19M
8M
2M
0M
12M
3,497M
11M
0M
11M
3.87%
10M
0M
15M
6M
9M
20M
28.46%
2M
18M
7M
2M
0M
11M
3,648M
8M
0M
7M
17.16%
9M
0M
16M
5M
11M
19M
33.73%
2M
17M
5M
2M
0M
12M
8M
8M
0M
8M
39.16%
7M
0M
15M
3M
12M
18M
29.75%
1M
17M
7M
2M
0M
9M
3M
15M
0M
15M
200.74%
9M
0M
15M
5M
9M
17M
33.44%
1M
16M
6M
2M
0M
10M
3M
10M
0M
10M
286.74%
7M
0M
14M
4M
10M
16M
25.19%
1M
14M
5M
2M
0M
9M
2M
6M
0M
6M
18.28%
7M
0M
13M
4M
9M
14M
22.25%
1M
13M
5M
2M
0M
8M
2M
6M
0M
6M
1.99%
6M
0M
12M
3M
8M
14M
18.73%
1M
13M
5M
2M
0M
8M
2M
5M
0M
5M
7.18%
6M
0M
11M
3M
8M
13M
18.30%
1M
12M
4M
2M
0M
5M
2M
3M
0M
3M
-39.86%
6M
0M
10M
3M
7M
13M
22.71%
1M
11M
4M
2M
0M
7M
2M
5M
0M
5M
2.53%
5M
0M
10M
3M
7M
12M
22.32%
1M
11M
4M
1M
0M
7M
2M
5M
0M
5M
19.14%
4M
0M
10M
3M
7M
12M
24.87%
1M
10M
4M
2M
0M
6M
2M
5M
0M
5M
15.89%
5M
0M
9M
2M
7M
11M
18.10%
1M
10M
4M
2M
0M
6M
2M
5M
0M
4M
-10.67%
5M
0M
8M
2M
6M
10M
11.48%
1M
9M
3M
1M
0M
6M
1M
4M
0M
5M
14.25%
4M
0M
8M
2M
6M
10M
624.43%
1M
9M
3M
2M
0M
5M
2M
4M
0M
5M
48.05%
4M
0M
7M
2M
5M
9M
-38.74%
1M
9M
3M
1M
0M
6M
1M
4M
0M
4M
-317.78%
4M
0M
7M
2M
6M
9M
-3.85%
1M
8M
3M
1M
0M
4M
1M
4M
0M
5M
33.77%
4M
0M
7M
2M
5M
9M
-10.28%
1M
8M
3M
2M
0M
5M
1M
4M
0M
5M
1.23%
4M
0M
7M
2M
5M
1M
-83.77%
1M
1M
3M
2M
0M
8M
4M
7M
0M
3M
-197.78%
4M
0M
-10M
2M
-12M
15M
63.08%
2M
14M
3M
1M
0M
-3M
1M
-2M
0M
-2M
-140.85%
5M
0M
24M
2M
22M
10M
4.07%
1M
8M
3M
2M
0M
5M
1M
3,693M
0M
4M
-13.94%
5M
0M
7M
2M
5M
10M
7.60%
1M
9M
3M
1M
0M
6M
1M
5M
0M
5M
-52.54%
4M
0M
8M
2M
6M
8M
-16.00%
1M
7M
2M
1M
0M
-3M
1M
15M
0M
-3M
-172.71%
3M
0M
6M
2M
5M
9M
0.93%
1M
8M
3M
1M
0M
6M
1M
4,392M
0M
4M
-4.67%
4M
0M
7M
2M
6M
9M
1.17%
1M
9M
4M
1M
0M
6M
1M
4,291M
0M
4M
1.20%
4M
0M
7M
2M
6M
10M
3.05%
1M
9M
3M
1M
0M
6M
1M
9,566M
0M
10M
138.52%
4M
0M
7M
1M
6M
10M
6.93%
2M
7M
1M
1M
0M
6M
1M
15M
0M
4M
14.47%
4M
0M
8M
2M
6M
9M
1.92%
472M
-463M
4M
1M
0M
6M
1M
4,417M
0M
5M
19.69%
4M
0M
7M
1M
5M
9M
3.80%
1M
8M
3M
1M
0M
6M
1M
4,240M
0M
4M
12.57%
3M
0M
7M
1M
6M
9M
5.39%
1M
8M
3M
1M
0M
5M
1M
4,011M
0M
4M
12.06%
4M
0M
7M
1M
5M
9M
-1.20%
-27M
36M
4M
4M
0M
5M
1M
15M
0M
4M
-17.97%
4M
0M
7M
1M
5M
9M
6.86%
3M
9M
5M
1M
0M
4M
1M
4M
0M
4M
6.52%
5M
0M
6M
1M
4M
9M
4.91%
3M
9M
3M
1M
0M
5M
1M
4M
0M
4M
4.53%
3M
0M
7M
1M
5M
9M
3.60%
4M
9M
4M
1M
0M
5M
1M
4M
0M
4M
-0.72%
4M
0M
6M
1M
5M
9M
9.86%
4M
9M
4M
2M
0M
5M
1M
5M
0M
5M
25.32%
4M
0M
7M
1M
5M
8M
4.14%
3M
8M
3M
1M
0M
5M
1M
4M
0M
4M
6.08%
3M
0M
7M
1M
5M
8M
2.57%
467M
-459M
3M
1M
0M
5M
1,151M
3,603M
0M
4M
4.07%
3M
0M
6M
1M
5M
8M
2.31%
3M
8M
3M
1M
0M
5M
1M
4M
0M
4M
6.45%
3M
0M
6M
1M
5M
8M
0.31%
3M
8M
3M
1M
0M
5M
1M
4M
0M
4M
-35.58%
3M
0M
6M
1M
5M
8M
5.51%
3M
8M
3M
1M
0M
5M
1M
4M
0M
3M
-1.39%
3M
0M
6M
1M
5M
8M
2.17%
3M
8M
3M
1M
0M
5M
1M
4M
0M
3M
-1.60%
3M
0M
6M
1M
5M
8M
2.18%
3M
8M
3M
1M
0M
5M
1M
4M
0M
3M
2.57%
3M
0M
6M
1M
5M
8M
4.95%
4M
8M
4M
2M
0M
4M
1M
4M
0M
6M
76.28%
4M
0M
6M
-4M
9M
8M
1.09%
3M
8M
3M
1M
0M
5M
1M
5M
0M
3M
-11.33%
3M
0M
6M
1M
5M
8M
10.15%
3M
8M
3M
1M
0M
5M
1M
4M
0M
4M
15.10%
3M
0M
6M
1M
5M
8M
11.72%
3M
8M
3M
1M
0M
5M
1M
3M
0M
3M
14.03%
3M
0M
6M
1M
5M
8M
9.26%
3M
8M
3M
1M
0M
5M
1M
3M
0M
3M
-18.06%
3M
0M
6M
1M
5M
8M
12.98%
453M
-446M
3M
1M
0M
5M
1,076M
3,895M
0M
4M
109.79%
3M
0M
6M
1M
5M
7M
2.41%
475M
-468M
3M
1M
0M
4M
1,159M
3,057M
0M
3M
28.77%
3M
0M
6M
1M
4M
7M
3.24%
452M
-445M
3M
1M
0M
4M
1,104M
2,896M
0M
3M
29.04%
3M
0M
5M
1M
4M
7M
1.88%
3M
7M
2M
1M
0M
5M
1M
-6M
0M
4M
55.40%
2M
0M
7M
1M
6M
7M
6.41%
3M
7M
3M
1M
0M
4M
1M
2M
0M
2M
-13.12%
3M
0M
5M
1M
4M
7M
14.31%
3M
7M
3M
1M
0M
4M
2M
3M
0M
2M
11.94%
3M
0M
5M
1M
4M
7M
13.77%
3M
7M
3M
1M
0M
4M
2M
2M
0M
2M
15.53%
3M
0M
5M
1M
4M
7M
13.50%
3M
7M
3M
1M
0M
4M
2M
3M
0M
3M
23.59%
3M
0M
5M
1M
4M
6M
3.78%
2M
6M
2M
1M
0M
4M
2M
2M
0M
2M
0.22%
2M
0M
5M
1M
4M
6M
1.31%
2M
6M
2M
0M
0M
4M
2M
2M
0M
2M
5.30%
2M
0M
5M
1M
4M
6M
-0.21%
3M
6M
3M
0M
0M
4M
1M
2M
0M
2M
5.67%
3M
0M
5M
1M
4M
6M
2.71%
3M
6M
3M
0M
0M
4M
2M
5M
0M
2M
12.22%
3M
0M
4M
1M
3M
6M
1.65%
2M
6M
2M
0M
0M
4M
2M
4M
0M
2M
14.15%
2M
0M
5M
1M
4M
6M
5.42%
2M
6M
2M
0M
0M
4M
2M
2M
0M
2M
14.71%
2M
0M
5M
1M
4M
6M
6.35%
2M
6M
2M
0M
0M
4M
2M
2M
0M
2M
13.49%
2M
0M
5M
1M
4M
6M
8.60%
2M
6M
2M
0M
0M
4M
2M
2M
0M
2M
8.68%
2M
0M
5M
1M
4M
6M
9.06%
2M
6M
2M
0M
0M
4M
2M
2M
0M
2M
9.89%
2M
0M
5M
1M
4M
6M
7.48%
2M
6M
2M
0M
0M
4M
2M
2M
0M
2M
-2.47%
2M
0M
5M
1M
4M
6M
7.65%
2M
6M
2M
0M
0M
4M
2M
2M
0M
2M
1.23%
2M
0M
5M
1M
4M
6M
10.98%
0M
6M
14M
0M
0M
-8M
0M
0M
0M
2M
32.61%
14M
0M
-7M
1M
-8M
6M
7.84%
0M
6M
-2M
0M
0M
7M
0M
0M
0M
2M
0.00%
2M
0M
8M
1M
7M
5M
14.89%
0M
5M
-2M
0M
0M
7M
0M
0M
0M
2M
20.00%
2M
0M
8M
1M
7M
5M
12.50%
0M
5M
-2M
0M
0M
7M
0M
0M
0M
2M
6.67%
2M
0M
8M
1M
7M
5M
9.48%
0M
5M
12M
0M
0M
-7M
0M
0M
0M
1M
-20.58%
12M
0M
-6M
1M
-7M
5M
13.33%
0M
5M
-2M
0M
0M
7M
0M
0M
0M
2M
13.33%
2M
0M
8M
1M
7M
5M
2.17%
0M
5M
-2M
0M
0M
6M
0M
0M
0M
2M
25.00%
2M
0M
7M
1M
6M
5M
4.35%
0M
5M
-2M
0M
0M
6M
0M
0M
0M
2M
66.67%
2M
0M
7M
1M
6M
5M
5.53%
0M
5M
11M
0M
0M
-6M
0M
0M
0M
2M
21.46%
11M
0M
-5M
1M
-6M
5M
9.76%
0M
5M
-1M
0M
0M
6M
0M
0M
0M
2M
114.29%
1M
0M
7M
1M
6M
5M
12.20%
0M
5M
-1M
0M
0M
6M
0M
2M
0M
1M
33.33%
1M
0M
7M
1M
6M
5M
17.95%
0M
5M
-1M
0M
0M
6M
0M
0M
0M
1M
12.50%
1M
0M
7M
1M
6M
4M
21.99%
0M
4M
10M
0M
0M
-6M
0M
0M
0M
1M
66.75%
10M
0M
-5M
1M
-6M
4M
24.24%
0M
4M
-1M
0M
0M
6M
0M
0M
0M
1M
-12.50%
1M
0M
6M
1M
6M
4M
24.24%
0M
4M
-1M
0M
0M
5M
0M
1M
0M
1M
12.50%
1M
0M
6M
1M
5M
4M
14.71%
0M
4M
-1M
0M
0M
5M
0M
1M
0M
1M
0.00%
1M
0M
6M
1M
5M
4M
0.00%
0M
4M
-2M
0M
0M
6M
0M
0M
0M
1M
-33.33%
2M
0M
6M
1M
6M
3M
0.00%
0M
3M
-1M
0M
0M
4M
0M
1M
0M
1M
0.00%
1M
0M
5M
1M
4M
3M
57.14%
0M
3M
-1M
0M
0M
4M
0M
1M
0M
1M
-136.36%
1M
0M
5M
1M
4M
3M
161.54%
0M
3M
-1M
0M
0M
4M
0M
1M
0M
1M
-200.00%
1M
0M
5M
1M
4M
4M
-
0M
4M
-2M
0M
0M
5M
0M
0M
0M
1M
-200.00%
2M
0M
6M
1M
5M
3M
-
0M
3M
-1M
0M
0M
4M
0M
1M
0M
1M
-200.00%
1M
0M
5M
1M
4M
2M
-
0M
2M
-1M
0M
0M
3M
0M
0M
0M
-2M
-200.00%
1M
0M
3M
0M
0M
1M
-
0M
1M
0M
0M
0M
1M
0M
0M
0M
-1M
-200.00%
0M
0M
1M
0M
0M