adc-pa: the income statement

MyFinsight

For the quarter ending 2025-09-30, ADC-PA made $183,222K in revenue. $50,258K in net income. Net profit margin of 27.43%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30
Total revenues	183,222
Real estate taxes	13,173
Property operating expenses	8,243
Land lease expense	556
General and administrative	10,887
Depreciation and amortization	61,179
Provision for impairment	2,980
Total operating expenses	97,018
Gain on sale of assets, net	924
Gain (loss) on involuntary conversion, net	132
Income from operations	87,260
Interest expense, net	35,212
Income and other tax expense	225
Other income	456
Net income	52,279
Less net income attributable to non-controlling interest	162
Net income attributable to agree realty corporation	52,117
Less series a preferred stock dividends	1,859
Net income attributable to common stockholders	50,258

Earnings per share, basic	0.45
Earnings per share, diluted	0.45
Weighted average number of shares outstanding, basic	111,277,316
Weighted average number of shares outstanding, diluted	111,511,615