Agree Realty Corporation (ADC)

Agree Realty Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Property, Plant & Equipment	7,746	7,466	6,804	5,802	4,427	3,349
Cash & Equivalents	7.92	6.4	10.91	27.76	43.25	6.14
Accounts Receivable	105.49	106.42	82.95	65.84	53.44	37.81
Restricted Cash	3.25	-	3.62	1.15	2	1.82
Other Current Assets	1.28	-	3.64	-	5.68	1.2
Trading Asset Securities	7.84	17.53	-	-	1.87	2.29
Deferred Long-Term Charges	897.38	864.94	854.09	799.45	672.02	473.59
Other Long-Term Assets	31.89	25.56	16.11	17.02	21.84	14.66
Total Assets	8,801	8,486	7,775	6,713	5,227	3,886
Current Portion of Long-Term Debt	-	50	-	4.62	-	-
Current Portion of Leases	0.7	0.61	-	-	-	-
Long-Term Debt	2,950	2,735	2,415	1,935	1,691	1,235
Long-Term Leases	22.26	20.44	23	23.6	24.1	17.3
Accounts Payable	74.45	62.13	52	42.02	29.07	37.11
Other Current Liabilities	32.74	33.38	25.53	22.35	16.88	34.55
Long-Term Unearned Revenue	31.9	33.1	21.9	18.1	13.5	-
Other Long-Term Liabilities	43.16	40.72	36.83	36.71	33.08	35.7
Total Liabilities	3,156	2,976	2,575	2,083	1,808	1,360
Preferred Stock, Redeemable	175	175	175	175	175	-
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	5,948	5,766	5,354	4,659	3,396	2,652
Distributions in Excess of Earnings	-508.06	-470.62	-346.47	-228.13	-147.37	-91.34
Comprehensive Income & Other	29.34	40.08	16.55	23.55	-5.5	-36.27
Total Common Equity	5,469	5,335	5,024	4,454	3,243	2,524
Minority Interest	0.47	0.62	0.94	1.39	1.63	1.76
Shareholders' Equity	5,645	5,511	5,200	4,630	3,419	2,526
Total Liabilities & Equity	8,801	8,486	7,775	6,713	5,227	3,886
Total Debt	2,973	2,806	2,438	1,964	1,715	1,253
Net Cash (Debt)	-2,958	-2,783	-2,428	-1,936	-1,670	-1,244
Net Cash Per Share	-28.53	-27.31	-25.44	-24.45	-24.87	-23.75
Filing Date Shares Outstanding	109.81	107.03	100.33	89.99	71.11	63.3
Total Common Shares Outstanding	109.81	107.03	100.33	89.99	71.11	59.85
Book Value Per Share	49.81	49.85	50.08	49.49	45.60	42.18
Tangible Book Value	5,469	5,335	5,024	4,454	3,243	2,524
Tangible Book Value Per Share	49.81	49.85	50.08	49.49	45.60	42.18
Land	2,599	2,514	2,282	1,942	1,559	1,095
Buildings	5,648	5,413	4,862	4,055	3,034	2,372
Construction In Progress	50.29	55.81	33.23	65.93	7.15	10.65

Updated Apr 22, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q