# Agree Realty (ADC) — Earnings

ADC · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/adc/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.44 |
| EPS estimate | $0.48 |
| EPS surprise | −7.58% |
| Revenue surprise | +0.28% |
| Revenue | $205.1M |
| Revenue estimate | $204.5M |
| Reported | Jul 30, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/917251/000091725126000063/adc-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/c263ec1b-3e60-d64c-8110-f702d962b890.html) |

Agree Realty reported Q2 2026 results on July 30, 2026. Earnings per share were $0.44, below the $0.48 estimate by 7.58%. Revenue was $205.1 million, just above the $204.5 million consensus. Compared with Q2 2025, EPS edged up from $0.43, while revenue rose about 17% from $175.5 million.

The table shows two different trends. Revenue increased in every quarter of the last 20, from $87.5 million in Q3 2021 to $205.1 million now, about 2.3 times as much. Per-share earnings stayed in a narrow band of $0.41 to $0.52. Annual EPS was $1.83 in 2022, $1.71 in 2023, $1.78 in 2024 and $1.77 in 2025. The first half of 2026 totals $0.94 per share, against $0.85 a year earlier. Q1 2026's $0.50 was the highest quarterly EPS since Q2 2024. Results usually land close to estimates: Agree beat in 8 of the 20 quarters, missed in 11 and matched once.

Agree has reported Q3 between October 21 and November 1 over the past five years, with the last three in late October. That points to late October 2026 for the next report. It will show whether the steady revenue growth continues and where per-share earnings land.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 30, 2026 | $0.48 | $0.44 | -7.58% | $204.5M | $205.1M |
| Q1 2026 | Apr 21, 2026 | $0.48 | $0.50 | 4.41% | $195.9M | $200.8M |
| Q4 2025 | Feb 10, 2026 | $0.47 | $0.47 | -0.06% | $185.7M | $190.5M |
| Q3 2025 | Oct 21, 2025 | $0.45 | $0.45 | 0.09% | $180.2M | $183.2M |
| Q2 2025 | Jul 31, 2025 | $0.45 | $0.43 | -5.18% | $173.2M | $175.5M |
| Q1 2025 | Apr 22, 2025 | $0.42 | $0.42 | -0.62% | $164.6M | $169.2M |
| Q4 2024 | Feb 11, 2025 | $0.43 | $0.41 | -4.76% | $158.3M | $160.7M |
| Q3 2024 | Oct 22, 2024 | $0.43 | $0.42 | -3.20% | $152.8M | $154.3M |
| Q2 2024 | Jul 23, 2024 | $0.44 | $0.52 | 17.78% | $150.3M | $152.6M |
| Q1 2024 | Apr 23, 2024 | $0.45 | $0.43 | -3.59% | $147.9M | $149.5M |
| Q4 2023 | Feb 13, 2024 | $0.45 | $0.44 | -1.79% | $140.6M | $144.2M |
| Q3 2023 | Oct 24, 2023 | $0.42 | $0.41 | -1.91% | $134.5M | $136.8M |
| Q2 2023 | Aug 1, 2023 | $0.43 | $0.42 | -2.89% | $129.5M | $129.9M |
| Q1 2023 | May 4, 2023 | $0.44 | $0.44 | 0.46% | $122.2M | $126.6M |
| Q4 2022 | Feb 14, 2023 | $0.42 | $0.44 | 3.77% | $115.1M | $116.5M |
| Q3 2022 | Nov 1, 2022 | $0.45 | $0.46 | 2.22% | $109.7M | $110.1M |
| Q2 2022 | Aug 2, 2022 | $0.45 | $0.45 | 0.00% | $102.3M | $104.9M |
| Q1 2022 | May 3, 2022 | $0.45 | $0.48 | 7.14% | $96.1M | $98.3M |
| Q4 2021 | Feb 22, 2022 | $0.47 | $0.44 | -7.04% | $91.8M | $91.4M |
| Q3 2021 | Nov 1, 2021 | $0.46 | $0.52 | 13.04% | $87.7M | $87.5M |

## Frequently Asked Questions

### When did Agree Realty (ADC) last report earnings?

Agree Realty last reported on Jul 30, 2026, covering fiscal Q2 2026.

### Did ADC beat earnings estimates?

No. Agree Realty reported EPS of $0.44 for Q2 2026 against a $0.48 estimate — a 7.58% miss.

### How much revenue did ADC report last quarter?

Agree Realty reported $205.1M in revenue for Q2 2026, against a consensus estimate of $204.5M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).