ADC Agree Realty margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 74

Gross margin

87.9%

Operating margin

47.9%

EBITDA margin

81.4%

Net margin

28.8%

Based on the latest figures, Agree Realty reports a gross margin of 87.9%, an operating margin of 47.9%, an EBITDA margin of 81.4%, and a net margin of 28.8%. Operating margin led the available margin improvements with a 0.8 percentage-point increase, while gross margin fell by 0.1 percentage points.

ADC margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Agree Realty recorded average margins of 88.05% gross, 47.97% operating, 81.26% EBITDA, and 29.97% net. Right now, EBITDA margin is above its three-year average, while gross, operating, and net margins are below their three-year averages.

ADC margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 0.8 percentage points, EBITDA margin by 0.6 percentage points, and net margin by 0.6 percentage points, but gross margin contracted by 0.1 percentage points.

Gross margin expansion

-0.1pp

Operating margin expansion

0.8pp

EBITDA margin expansion

0.6pp

Net margin expansion

0.6pp

ADC Gross margin

Across the last 3 years, Agree Realty recorded an average gross margin of 88.05%. Agree Realty's current gross margin is 87.9% and is 0.2 percentage points below its three-year average. The highest gross margin for Agree Realty was 88.3% in Jun 2024, while the lowest was 87.9% in Dec 2023.

ADC Operating margin

Reviewing the last 3 years, Agree Realty recorded an average operating margin of 47.97%. Agree Realty currently reports an operating margin of 47.9%, 0.1 percentage points below its three-year average. The highest operating margin for Agree Realty was 49.3% in Sep 2024, while the lowest was 46.9% in Sep 2025.

ADC EBITDA margin

Over the last 3 years, the average EBITDA margin for Agree Realty was 81.26%. The latest EBITDA margin for Agree Realty is 81.4%, 0.1 percentage points above its three-year average. Agree Realty's EBITDA margin ranged from a low of 80% in Mar 2024 to a high of 82.5% in Dec 2024.

ADC Net margin

Agree Realty recorded an average net margin of 29.97% across the last 3 years. The current net margin of 28.8% is 1.2 percentage points below its three-year average. During this period, net margin reached a high of 32.1% in Jun 2024 and a low of 28.1% in Sep 2025.

ADC margin group comparison

Margins compared with peer-group, industry and sector averages

Agree Realty's gross margin of 87.9% is higher than the Real Estate sector, the industry and its peers average. Looking at the Real Estate sector average of 63%, Agree Realty's gross margin is 40% higher.

ADC margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Agree Realty's gross margin?

As of Jun 30, 2026, ADC has a gross margin of 87.9%.

What is Agree Realty's operating margin?

As of Jun 30, 2026, ADC has an operating margin of 47.9%.

What is Agree Realty's EBITDA margin?

The current EBITDA margin for ADC is 81.4% as of Jun 30, 2026.

What is Agree Realty's net margin?

For the period ending Jun 30, 2026, ADC recorded a net margin of 28.8%.

What are the average margins of ADC?

Over the last 3 years, Agree Realty's margins averaged 88.1% gross, 48.0% operating, 81.3% EBITDA, and 30.0% net.

What are the highest historical margins of ADC?

Looking back across 5 years, ADC reached 88.4% gross in Dec 2021, 56.1% operating in Dec 2021, 82.5% EBITDA in Dec 2024, and 37.1% net in Jun 2022.

What are the lowest historical margins of ADC?

Across the 5-year period, ADC posted its lowest margins at 87.9% gross in Dec 2023, 46.9% operating in Sep 2025, 79.4% EBITDA in Mar 2022, and 28.1% net in Sep 2025.