Agree Realty Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property, Plant & Equipment	8,619	7,466	6,804	5,802	4,427
Cash & Equivalents	16.3	6.4	10.91	27.76	43.25
Accounts Receivable	122.48	106.42	82.95	65.84	53.44
Other Intangible Assets	1,001	864.94	-	-	-
Restricted Cash	4.33	-	3.62	1.15	2
Other Current Assets	-	-	3.64	-	5.68
Trading Asset Securities	5.97	17.53	-	-	1.87
Deferred Long-Term Charges	-	-	854.09	799.45	672.02
Other Long-Term Assets	28.37	25.56	16.11	17.02	21.84
Total Assets	9,798	8,486	7,775	6,713	5,227
Current Portion of Long-Term Debt	0.63	50	-	4.62	-
Current Portion of Leases	1	-	-	-	-
Long-Term Debt	2,976	2,735	2,415	1,935	1,691
Long-Term Leases	22.28	21	23	23.6	24.1
Accounts Payable	77.09	62.17	52	42.02	29.07
Other Current Liabilities	38.21	27.84	25.53	22.35	16.88
Long-Term Unearned Revenue	36.2	33.1	21.9	18.1	13.5
Other Long-Term Liabilities	54.14	46.25	36.83	36.71	33.08
Total Liabilities	3,526	2,976	2,575	2,083	1,808
Preferred Stock, Redeemable	175	175	175	175	175
Common Stock	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	6,679	5,766	5,354	4,659	3,396
Distributions in Excess of Earnings	-618.68	-470.62	-346.47	-228.13	-147.37
Comprehensive Income & Other	35.51	40.08	16.55	23.55	-5.5
Total Common Equity	6,096	5,335	5,024	4,454	3,243
Minority Interest	0.17	0.62	0.94	1.39	1.63
Shareholders' Equity	6,271	5,511	5,200	4,630	3,419
Total Liabilities & Equity	9,798	8,486	7,775	6,713	5,227
Total Debt	3,321	2,806	2,438	1,964	1,715
Net Cash (Debt)	-3,299	-2,782	-2,428	-1,936	-1,670
Net Cash Per Share	-29.66	-27.31	-25.44	-24.45	-24.87
Filing Date Shares Outstanding	119.84	107.03	100.33	89.99	71.11
Total Common Shares Outstanding	119.84	107.03	100.33	89.99	71.11
Book Value Per Share	50.87	49.85	50.08	49.49	45.60
Tangible Book Value	5,095	4,470	5,024	4,454	3,243
Tangible Book Value Per Share	42.52	41.76	50.08	49.49	45.60
Land	2,895	2,514	2,282	1,942	1,559
Buildings	6,330	5,413	4,862	4,055	3,034
Construction In Progress	62.69	55.81	33.23	65.93	7.15

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q