Agree Realty (ADC) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Agree Realty (ADC) reported a revenue of $169.16 million for the quarter ended March 2025, reflecting a year-over-year increase of 13.2% [1] - The earnings per share (EPS) for the quarter was $1.06, significantly higher than $0.43 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $166.19 million, resulting in a positive surprise of 1.79% [1] - The company also delivered an EPS surprise of 0.95%, with the consensus EPS estimate being $1.05 [1] Revenue Breakdown - Rental income was reported at $169.11 million, surpassing the average estimate of $163.98 million by four analysts, marking a 13.2% increase year-over-year [4] - Operating cost reimbursement revenue was $18.09 million, exceeding the average estimate of $16.95 million by two analysts, representing a 9.8% increase compared to the previous year [4] - Other revenues amounted to $0.05 million, slightly above the average estimate of $0.04 million based on two analysts, showing a significant year-over-year change of 51.6% [4] Stock Performance - Shares of Agree Realty have returned +4% over the past month, contrasting with the Zacks S&P 500 composite's decline of -8.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]