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ADC| Name | Value |
|---|---|
| Revenues | 136.8M |
| Cost of Revenue | 10.1M |
| Gross Profit | 126.7M |
| Operating Expense | 8.8M |
| Operating I/L | 63.1M |
| Other Income/Expense | -20.7M |
| Interest Income | 20.8M |
| Pretax | 39.0M |
| Income Tax Expense | -0.7M |
| Net Income/Loss | 41.5M |
Agree Realty Corporation is a real estate investment trust focused on acquiring and developing properties leased to leading retail tenants. With a portfolio of 1,027 properties across 45 states, the company generates revenue through leasing approximately 21.0 million square feet of gross leasable area to retail businesses. Its business model revolves around owning and operating properties that are net leased to industry-leading retail tenants, providing a steady stream of rental income. The company's common stock is listed on the New York Stock Exchange under the symbol 'ADC'.
