Agree Historical Income Statement
| ADC Stock | USD 77.65 0.69 0.90% |
Historical analysis of Agree Realty income statement accounts such as Interest Expense of 85.2 M, Selling General Administrative of 36.5 M or Total Revenue of 564.4 M can show how well Agree Realty performed in making a profits. Evaluating Agree Realty income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Agree Realty's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Agree Realty latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Agree Realty is a good buy for the upcoming year.
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About Agree Income Statement Analysis
Agree Realty Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Agree Realty shareholders. The income statement also shows Agree investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Agree Realty Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Agree Realty generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Agree Realty minus its cost of goods sold. It is profit before Agree Realty operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Agree Realty. It is also known as Agree Realty overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Agree Realty whose combined shares represent less than 50% of the total outstanding shares issued by Agree Realty have a minority interest in Agree Realty.Most accounts from Agree Realty's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Agree Realty current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agree Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Agree Stock refer to our How to Trade Agree Stock guide.At present, Agree Realty's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 36.5 M, whereas Total Other Income Expense Net is projected to grow to (76.9 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 298.3M | 377.5M | 297.8M | 312.7M | Total Revenue | 363.6M | 463.2M | 537.5M | 564.4M |
Agree Realty income statement Correlations
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Agree Realty income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 35.6M | 123.4M | 162.2M | 212.7M | 209.4M | 219.8M | |
| Interest Expense | 33.0M | 44.7M | 66.4M | 63.4M | 81.1M | 85.2M | |
| Selling General Administrative | 15.6M | 20.8M | 25.5M | 30.1M | 34.8M | 36.5M | |
| Total Revenue | 187.5M | 248.6M | 363.6M | 463.2M | 537.5M | 564.4M | |
| Gross Profit | 164.0M | 216.8M | 298.3M | 377.5M | 297.8M | 312.7M | |
| Other Operating Expenses | 84.8M | 119.3M | 186.5M | 249.3M | 283.1M | 297.3M | |
| Operating Income | 101.1M | 125.1M | 190.3M | 218.1M | 254.4M | 267.1M | |
| Ebit | 101.1M | 68.7M | 133.4M | 173.5M | 228.3M | 239.7M | |
| Ebitda | 136.7M | 192.2M | 295.7M | 386.2M | 437.7M | 459.5M | |
| Total Operating Expenses | 61.3M | 87.6M | 121.2M | 163.7M | 216.4M | 227.2M | |
| Net Income | 80.1M | 91.4M | 122.3M | 152.4M | 170.0M | 178.5M | |
| Income Tax Expense | 538K | 1.1M | 2.4M | 2.9M | 2.9M | 3.3M | |
| Income Before Tax | 81.3M | 93.1M | 125.3M | 155.9M | 173.5M | 182.1M | |
| Total Other Income Expense Net | (19.8M) | (40.1M) | (65.0M) | (62.2M) | (80.9M) | (76.9M) | |
| Cost Of Revenue | 23.5M | 31.8M | 65.3M | 85.6M | 239.7M | 251.6M | |
| Net Income Applicable To Common Shares | 80.1M | 91.4M | 120.1M | 144.6M | 166.3M | 174.6M | |
| Minority Interest | 682K | 591K | 603K | (598K) | (555K) | (527.3K) | |
| Net Income From Continuing Ops | 80.8M | 92.0M | 137.5M | 153.0M | 165.5M | 173.8M | |
| Non Recurring | 1.6M | 4.1M | 1.9M | 1.0M | 913.5K | 867.8K | |
| Non Operating Income Net Other | 11.2M | 13.3M | 8.0M | 1.2M | 1.4M | 1.4M | |
| Interest Income | 33.1M | 40.1M | 50.4M | 63.4M | 73.0M | 76.6M | |
| Tax Provision | 538K | 1.1M | 2.4M | 2.9M | 2.9M | 1.5M | |
| Net Interest Income | (33.1M) | (40.1M) | (50.4M) | (63.4M) | (75.6M) | (71.8M) | |
| Reconciled Depreciation | 59.2M | 82.6M | 120.0M | 166.9M | 201.0M | 110.8M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Agree Realty offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Agree Realty's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Agree Realty Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Agree Realty Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agree Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Agree Stock refer to our How to Trade Agree Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Retail REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Agree Realty. If investors know Agree will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Agree Realty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.032 | Dividend Share 2.982 | Earnings Share 1.81 | Revenue Per Share 5.985 | Quarterly Revenue Growth 0.128 |
The market value of Agree Realty is measured differently than its book value, which is the value of Agree that is recorded on the company's balance sheet. Investors also form their own opinion of Agree Realty's value that differs from its market value or its book value, called intrinsic value, which is Agree Realty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Agree Realty's market value can be influenced by many factors that don't directly affect Agree Realty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Agree Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agree Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agree Realty's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.