Agree Realty Corporation (ADC)
NYSE: ADC · Real-Time Price · USD
66.00
-1.00 (-1.49%)
Oct 28, 2026, 3:16 PM EDT - Market open
Agree Realty Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 9,562 | 8,619 | 7,466 | 6,804 | 5,802 | 4,427 |
Cash & Equivalents | 80.56 | 16.3 | 6.4 | 10.91 | 27.76 | 43.25 |
Accounts Receivable | 140.71 | 122.48 | 106.42 | 82.95 | 65.84 | 53.44 |
Other Intangible Assets | 1,085 | 1,001 | 864.94 | - | 799.45 | - |
Restricted Cash | 10.92 | 4.33 | - | 3.62 | 1.15 | 2 |
Other Current Assets | 2.3 | - | - | 3.64 | - | 5.68 |
Trading Asset Securities | 29.57 | 5.97 | 17.53 | - | - | 1.87 |
Deferred Long-Term Charges | - | - | - | 854.09 | - | 672.02 |
Other Long-Term Assets | 39.88 | 28.37 | 25.56 | 16.11 | 17.02 | 21.84 |
Total Assets | 10,951 | 9,798 | 8,486 | 7,775 | 6,713 | 5,227 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Current Portion of Long-Term Debt | - | 0.63 | 50 | - | 4.62 | - |
Current Portion of Leases | 0.26 | 1 | - | - | - | - |
Long-Term Debt | 3,715 | 2,976 | 2,735 | 2,415 | 1,935 | 1,691 |
Long-Term Leases | 24.3 | 22.28 | 21 | 23 | 23.6 | 24.1 |
Accounts Payable | 125.45 | 77.09 | 62.17 | 52 | 42.02 | 29.07 |
Other Current Liabilities | 37.11 | 38.21 | 27.84 | 25.53 | 22.35 | 16.88 |
Long-Term Unearned Revenue | 33.6 | 36.2 | 33.1 | 21.9 | 18.1 | 13.5 |
Other Long-Term Liabilities | 72.28 | 54.14 | 46.25 | 36.83 | 36.71 | 33.08 |
Total Liabilities | 4,008 | 3,526 | 2,976 | 2,575 | 2,083 | 1,808 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Preferred Stock, Redeemable | 175 | 175 | 175 | 175 | 175 | 175 |
Common Stock | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Additional Paid-In Capital | 7,422 | 6,679 | 5,766 | 5,354 | 4,659 | 3,396 |
Distributions in Excess of Earnings | -732.65 | -618.68 | -470.62 | -346.47 | -228.13 | -147.37 |
Comprehensive Income & Other | 77.91 | 35.51 | 40.08 | 16.55 | 23.55 | -5.5 |
Total Common Equity | 6,768 | 6,096 | 5,335 | 5,024 | 4,454 | 3,243 |
Minority Interest | -0.02 | 0.17 | 0.62 | 0.94 | 1.39 | 1.63 |
Shareholders' Equity | 6,943 | 6,271 | 5,511 | 5,200 | 4,630 | 3,419 |
Total Liabilities & Equity | 10,951 | 9,798 | 8,486 | 7,775 | 6,713 | 5,227 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Total Debt | 3,740 | 3,321 | 2,806 | 2,438 | 1,964 | 1,715 |
Net Cash (Debt) | -3,630 | -3,299 | -2,782 | -2,428 | -1,936 | -1,670 |
Net Cash (Debt) Growth | - | - | - | - | - | - |
Net Cash Per Share | -30.20 | -29.66 | -27.31 | -25.44 | -24.45 | -24.87 |
Filing Date Shares Outstanding | 129.92 | 119.84 | 107.03 | 100.33 | 89.99 | 71.11 |
Total Common Shares Outstanding | 129.92 | 119.84 | 107.03 | 100.33 | 89.99 | 71.11 |
Book Value Per Share | 52.09 | 50.87 | 49.85 | 50.08 | 49.49 | 45.60 |
Tangible Book Value | 5,683 | 5,095 | 4,470 | 5,024 | 3,655 | 3,243 |
Tangible Book Value Per Share | 43.74 | 42.52 | 41.76 | 50.08 | 40.61 | 45.60 |
Land | 3,236 | 2,895 | 2,514 | 2,282 | 1,942 | 1,559 |
Buildings | 7,053 | 6,330 | 5,413 | 4,862 | 4,055 | 3,034 |
Construction In Progress | 73.66 | 62.69 | 55.81 | 33.23 | 65.93 | 7.15 |