Agree Historical Income Statement
| ADC Stock | USD 55.83 0.65 1.18% |
Historical analysis of Agree Realty income statement accounts such as Interest Expense of 79.8 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.
Agree |
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
Agree Realty Income Statement is one of the three primary financial statements used for reporting Agree's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Agree Realty revenue and expense. Agree Realty Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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 Operating Expenses is forecasted to decline to about 30.6 M. Add Fundamental
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.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 tightly coupled 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 Operating Expenses is forecasted to decline to about 30.6 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 Account Relationship Matchups
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Agree Realty income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 35.6M | 67.0M | 84.1M | 125.0M | 174.6M | 183.3M | |
| Interest Expense | 33.0M | 44.7M | 66.4M | 63.4M | 76.0M | 79.8M | |
| 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 | 274.5M | 288.2M | |
| Operating Income | 101.1M | 125.1M | 190.3M | 218.1M | 263.0M | 276.2M | |
| Ebit | 101.1M | 125.1M | 190.3M | 218.1M | 263.0M | 276.2M | |
| Ebitda | 136.7M | 192.2M | 274.4M | 343.1M | 437.7M | 459.5M | |
| Total Operating Expenses | 61.3M | 87.6M | 121.2M | 163.7M | 34.8M | 30.6M | |
| 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 | 176.8M | 185.6M | |
| Total Other Income Expense Net | (19.8M) | (32.1M) | (65.0M) | (62.2M) | (86.3M) | (81.9M) | |
| 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 |
Pair Trading with Agree Realty
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Agree Realty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Agree Realty will appreciate offsetting losses from the drop in the long position's value.Moving together with Agree Stock
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The ability to find closely correlated positions to Agree Realty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agree Realty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Agree Realty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Agree Realty to buy it.
The correlation of Agree Realty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agree Realty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agree Realty moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Agree Realty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 tightly coupled 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.Note that the Agree Realty information on this page should be used as a complementary analysis to other Agree Realty's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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When running Agree Realty's price analysis, check to measure Agree Realty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Agree Realty is operating at the current time. Most of Agree Realty's value examination focuses on studying past and present price action to predict the probability of Agree Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Agree Realty's price. Additionally, you may evaluate how the addition of Agree Realty to your portfolios can decrease your overall portfolio volatility.
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Is Agree Realty's industry 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 (0.01) | Dividend Share 2.919 | Earnings Share 1.7 | Revenue Per Share 5.646 | Quarterly Revenue Growth 0.237 |
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.