Agree Realty Corporation (ADC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ADC Revenue Growth
ADC Revenue Analysis (2014–2025)
As of May 6, 2026, Agree Realty Corporation (ADC) generated trailing twelve-month (TTM) revenue of $750.0 million, reflecting strong growth of +18.7% year-over-year. The most recent quarter (Q1 2026) recorded $200.8 million in revenue, up 5.4% sequentially.
Looking at the longer-term picture, ADC's 5-year compound annual growth rate (CAGR) stands at +23.6%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $718.4 million in 2025, representing a new all-time high.
When compared to Real Estate sector peers including NNN (+5.8% YoY), O (+9.1% YoY), and EPRT (+24.7% YoY), ADC has underperformed the peer group in terms of revenue growth. Compare ADC vs NNN →
ADC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ADCCurrent | $750M | +18.7% | +23.6% | 47.4% | |
 NNN | $926M | +5.8% | +7.0% | 61.5% | |
 O | $5.7B | +9.1% | +28.4% | 28.3% | |
 EPRT | $562M | +24.7% | +27.9% | 64.5% | |
 NTST | $195M | +20.3% | +42.0% | 25.7% | |
 WPC | $1.7B | +24.5% | +8.0% | 44.4% |
ADC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $718.4M | +16.4% | $630.3M | 87.7% | $340.4M | 47.4% |
| 2024 | $617.1M | +14.8% | $542.2M | 87.9% | $302.2M | 49.0% |
| 2023 | $537.5M | +25.1% | $470.8M | 87.6% | $254.4M | 47.3% |
| 2022 | $429.8M | +26.7% | $377.5M | 87.8% | $218.1M | 50.7% |
| 2021 | $339.3M | +36.5% | $298.3M | 87.9% | $190.3M | 56.1% |
| 2020 | $248.6M | +32.6% | $216.8M | 87.2% | $133.1M | 53.6% |
| 2019 | $187.5M | +36.7% | $164.0M | 87.5% | $114.4M | 61.0% |
| 2018 | $137.1M | +23.0% | $120.1M | 87.6% | $73.0M | 53.2% |
| 2017 | $111.5M | +21.8% | $99.0M | 88.8% | $63.0M | 56.5% |
| 2016 | $91.5M | +30.8% | $82.9M | 90.6% | $51.7M | 56.4% |
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Start ComparisonADC — Frequently Asked Questions
Quick answers to the most common questions about buying ADC stock.
Is ADC's revenue growth accelerating or slowing?
ADC revenue is accelerating at +18.7% year-over-year, exceeding the 5-year CAGR of +23.6%. TTM revenue reached $750M. Growth momentum has increased versus prior periods.
What is ADC's long-term revenue growth rate?
Agree Realty Corporation's 5-year revenue CAGR of +23.6% reflects the sustained expansion pattern. Current YoY growth of +18.7% is above this long-term average.
How is ADC's revenue distributed by segment?
ADC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.