Agree Realty Corporation (ADC)
NYSE: ADC · Real-Time Price · USD
75.30
+0.56 (0.75%)
At close: Feb 9, 2026, 4:00 PM EST
75.76
+0.46 (0.61%)
After-hours: Feb 9, 2026, 7:00 PM EST
Agree Realty Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 | Dec '20 Dec 31, 2020 |
Property, Plant & Equipment | 8,343 | 8,005 | 7,746 | 7,466 | 7,188 | 7,013 | 6,881 | 6,804 | 6,675 | 6,334 | 6,073 | 5,802 | 5,452 | 5,151 | 4,791 | 4,427 | 4,175 | 3,914 | 3,625 | 3,349 |
Cash & Equivalents | 13.7 | 5.82 | 7.92 | 6.4 | 13.24 | 9.64 | 6.31 | 10.91 | 6.38 | 8.07 | 11.81 | 27.76 | 250.49 | 26.27 | 24.89 | 43.25 | 91.88 | 177.05 | 7.37 | 6.14 |
Accounts Receivable | 117.6 | 108.12 | 105.49 | 106.42 | 98.21 | 94.85 | 91.3 | 82.95 | 77.75 | 70.93 | 71.09 | 65.84 | 68.7 | 61.41 | 59.41 | 53.44 | 52.85 | 46.88 | 40.7 | 37.81 |
Restricted Cash | 3.18 | 3.09 | 3.25 | - | - | 14.62 | 9.12 | 3.62 | 0 | 4.18 | 1.13 | 1.15 | 1.03 | 0.84 | 0.88 | 2 | 10.93 | 11.34 | - | 1.82 |
Other Current Assets | 0.71 | 3.47 | 1.28 | - | 13.61 | - | 5.42 | 3.64 | 3.2 | - | - | - | - | - | - | 5.68 | 5.57 | 1.25 | 13.55 | 1.2 |
Trading Asset Securities | 1.37 | - | 7.84 | 17.53 | 0.73 | 6.86 | 7.1 | - | 11.66 | 3.34 | - | - | - | 35.6 | 19.11 | 1.87 | 2.11 | - | 23.04 | 2.29 |
Deferred Long-Term Charges | 966.96 | 923.09 | 897.38 | 864.94 | 837.87 | 837.99 | 840.98 | 854.09 | 849.19 | 826 | 803.65 | 799.45 | 763.46 | 739.32 | 716.51 | 672.02 | 645.59 | 601.55 | 545.38 | 473.59 |
Other Long-Term Assets | 37.57 | 36.53 | 31.89 | 25.56 | 32.07 | 23.95 | 26.96 | 16.11 | 24.21 | 25.33 | 25.93 | 17.02 | 20.61 | 23.74 | 26.59 | 21.84 | 13.42 | 12.88 | 23.55 | 14.66 |
Total Assets | 9,484 | 9,085 | 8,801 | 8,486 | 8,184 | 8,001 | 7,869 | 7,775 | 7,647 | 7,272 | 6,986 | 6,713 | 6,556 | 6,038 | 5,639 | 5,227 | 4,998 | 4,765 | 4,278 | 3,886 |
Current Portion of Long-Term Debt | - | - | - | 50 | 0.25 | - | - | - | 0.23 | 4.62 | - | 4.62 | - | - | - | - | - | - | - | - |
Current Portion of Leases | 0.23 | 0.48 | 0.7 | 0.61 | 6.11 | 6.26 | 6.4 | - | 0.14 | 0.29 | 0.43 | - | 0.14 | 0.28 | 0.42 | - | 0.13 | 0.2 | 0.31 | - |
Long-Term Debt | 3,366 | 3,222 | 2,950 | 2,735 | 2,681 | 2,669 | 2,515 | 2,415 | 2,232 | 2,139 | 2,036 | 1,935 | 1,863 | 1,938 | 1,848 | 1,691 | 1,530 | 1,531 | 1,377 | 1,235 |
Long-Term Leases | 22.27 | 22.27 | 22.26 | 20.44 | 17.39 | 16.8 | 16.44 | 23 | 22.99 | 22.99 | 22.99 | 23.6 | 23.56 | 23.56 | 23.56 | 24.1 | 24.05 | 22.57 | 22.57 | 17.3 |
Accounts Payable | 107.01 | 75.63 | 74.45 | 62.13 | 81.56 | 56.4 | 66.19 | 52 | 64.62 | 43.62 | 48.21 | 42.02 | 43.44 | 46.5 | 39.5 | 29.07 | 53.44 | 41.36 | 30.72 | 37.11 |
Other Current Liabilities | 31.32 | 31.82 | 32.74 | 33.38 | 28 | 28.48 | 29.47 | 25.53 | 26.54 | 28.32 | 27.29 | 22.35 | 23.34 | 22.61 | 22.12 | 16.88 | 17.06 | 18.11 | 17.9 | 34.55 |
Long-Term Unearned Revenue | 29 | 31.1 | 31.9 | 33.1 | 31.5 | 26.6 | 23.3 | 21.9 | 19 | 20.8 | 21.1 | 18.1 | 18.5 | - | - | 13.5 | - | - | - | - |
Other Long-Term Liabilities | 55.39 | 46.88 | 43.16 | 40.72 | 43.79 | 34.37 | 32.85 | 36.83 | 36.05 | 34.05 | 32.11 | 36.71 | 35.2 | 33.12 | 29.35 | 33.08 | 30.99 | 30.89 | 30.08 | 35.7 |
Total Liabilities | 3,611 | 3,430 | 3,156 | 2,976 | 2,890 | 2,838 | 2,689 | 2,575 | 2,402 | 2,294 | 2,189 | 2,083 | 2,007 | 2,064 | 1,963 | 1,808 | 1,656 | 1,644 | 1,479 | 1,360 |
Preferred Stock, Redeemable | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | - | - | - |
Common Stock | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Additional Paid-In Capital | 6,248 | 5,993 | 5,948 | 5,766 | 5,535 | 5,357 | 5,354 | 5,354 | 5,352 | 5,060 | 4,853 | 4,659 | 4,551 | 3,949 | 3,647 | 3,396 | 3,300 | 3,248 | 2,910 | 2,652 |
Distributions in Excess of Earnings | -581.16 | -545.37 | -508.06 | -470.62 | -434.49 | -400.81 | -378.21 | -346.47 | -316.08 | -284 | -254.32 | -228.13 | -203.04 | -182.52 | -162.77 | -147.37 | -130.46 | -121.62 | -101.14 | -91.34 |
Comprehensive Income & Other | 31.53 | 31.89 | 29.34 | 40.08 | 18.46 | 30.92 | 27.43 | 16.55 | 33.29 | 25.63 | 22.92 | 23.55 | 24.12 | 31.55 | 15.06 | -5.5 | -4.89 | -8.26 | -10.76 | -36.27 |
Total Common Equity | 5,698 | 5,479 | 5,469 | 5,335 | 5,119 | 4,987 | 5,004 | 5,024 | 5,069 | 4,802 | 4,622 | 4,454 | 4,372 | 3,798 | 3,499 | 3,243 | 3,165 | 3,118 | 2,798 | 2,524 |
Minority Interest | 0.26 | 0.36 | 0.47 | 0.62 | 0.67 | 0.82 | 0.88 | 0.94 | 1.11 | 1.21 | 1.3 | 1.39 | 1.53 | 1.66 | 1.67 | 1.63 | 1.72 | 1.76 | 1.85 | 1.76 |
Shareholders' Equity | 5,873 | 5,654 | 5,645 | 5,511 | 5,295 | 5,163 | 5,179 | 5,200 | 5,245 | 4,978 | 4,798 | 4,630 | 4,549 | 3,974 | 3,676 | 3,419 | 3,342 | 3,120 | 2,800 | 2,526 |
Total Liabilities & Equity | 9,484 | 9,085 | 8,801 | 8,486 | 8,184 | 8,001 | 7,869 | 7,775 | 7,647 | 7,272 | 6,986 | 6,713 | 6,556 | 6,038 | 5,639 | 5,227 | 4,998 | 4,765 | 4,278 | 3,886 |
Total Debt | 3,388 | 3,245 | 2,973 | 2,806 | 2,705 | 2,692 | 2,537 | 2,438 | 2,256 | 2,167 | 2,060 | 1,964 | 1,887 | 1,962 | 1,872 | 1,715 | 1,554 | 1,554 | 1,400 | 1,253 |
Net Cash (Debt) | -3,373 | -3,239 | -2,958 | -2,783 | -2,691 | -2,675 | -2,524 | -2,428 | -2,237 | -2,156 | -2,048 | -1,936 | -1,636 | -1,900 | -1,828 | -1,670 | -1,460 | -1,377 | -1,369 | -1,244 |
Net Cash Per Share | -30.25 | -29.35 | -27.50 | -26.58 | -26.45 | -26.63 | -25.16 | -24.18 | -22.98 | -23.15 | -22.62 | -21.80 | -20.31 | -25.14 | -25.62 | -23.65 | -20.99 | -21.12 | -21.76 | -22.19 |
Filing Date Shares Outstanding | 114.74 | 110.47 | 109.81 | 107.03 | 103.3 | 100.4 | 100.39 | 100.33 | 100.32 | 96.07 | 93 | 89.99 | 88.39 | 79.64 | 74.97 | 71.11 | 69.6 | 68.73 | 63.96 | 63.3 |
Total Common Shares Outstanding | 113.94 | 110.47 | 109.81 | 107.03 | 103.3 | 100.4 | 100.4 | 100.33 | 100.32 | 96.07 | 93 | 89.99 | 88.39 | 79.65 | 74.97 | 71.11 | 69.6 | 68.72 | 63.96 | 59.85 |
Book Value Per Share | 50.01 | 49.60 | 49.81 | 49.85 | 49.55 | 49.68 | 49.84 | 50.08 | 50.53 | 49.98 | 49.70 | 49.49 | 49.47 | 47.68 | 46.67 | 45.60 | 45.47 | 45.38 | 43.75 | 42.18 |
Tangible Book Value | 5,698 | 5,479 | 5,469 | 5,335 | 5,119 | 4,987 | 5,004 | 5,024 | 5,069 | 4,802 | 4,622 | 4,454 | 4,372 | 3,798 | 3,499 | 3,243 | 3,165 | 3,118 | 2,798 | 2,524 |
Tangible Book Value Per Share | 50.01 | 49.60 | 49.81 | 49.85 | 49.55 | 49.68 | 49.84 | 50.08 | 50.53 | 49.98 | 49.70 | 49.49 | 49.47 | 47.68 | 46.67 | 45.60 | 45.47 | 45.38 | 43.75 | 42.18 |
Land | 2,787 | 2,663 | 2,599 | 2,514 | 2,404 | 2,341 | 2,305 | 2,282 | 2,232 | 2,091 | 2,006 | 1,942 | 1,841 | 1,762 | 1,659 | 1,559 | 1,460 | 1,354 | 1,215 | 1,095 |
Buildings | 6,124 | 5,872 | 5,648 | 5,413 | 5,197 | 5,062 | 4,938 | 4,862 | 4,750 | 4,476 | 4,281 | 4,055 | 3,795 | 3,561 | 3,287 | 3,034 | 2,864 | 2,694 | 2,535 | 2,372 |
Construction In Progress | 64.05 | 62.17 | 50.29 | 55.81 | 52.75 | 44.84 | 42.11 | 33.23 | 36.11 | 81.53 | 73.12 | 65.93 | 50.69 | 43.05 | 39.22 | 7.15 | 7.73 | 6.2 | 11.09 | 10.65 |
Updated Oct 21, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.