Agree Realty Corporation (ADC)
NYSE: ADC · Real-Time Price · USD
80.04
+0.25 (0.31%)
At close: Mar 17, 2026, 4:00 PM EDT
79.81
-0.23 (-0.29%)
Pre-market: Mar 18, 2026, 8:54 AM EDT

Agree Realty Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
204.99189.83170.55153.04122.88
Depreciation & Amortization
283.13246.55214.11170.97122.37
Stock-Based Compensation
12.9910.818.346.464.8
Other Adjustments
2.68-12.57-6.8210.31-7.38
Change in Receivables
1.18-12.09-5.090.8-4.45
Changes in Accounts Payable
5.7414.2510.3815.0510.83
Changes in Other Operating Activities
-6.58-4.80.124.89-3.23
Operating Cash Flow
504.14431.97391.6362.12246.32
Operating Cash Flow Growth
16.71%10.31%8.14%47.02%72.30%
Capital Expenditures
-1,585-979.74-1,289-1,661-1,443
Sale of Property, Plant & Equipment
42.0794.3313.8444.9156
Investing Cash Flow
-1,543-885.41-1,275-1,616-1,387
Short-Term Debt Issued
28,9581,0721,2311,035594
Short-Term Debt Repaid
-28,796-1,141-1,104-1,095-526
Net Short-Term Debt Issued (Repaid)
162.5-69127-6068
Long-Term Debt Issued
397.19350444.72297.51640.62
Long-Term Debt Repaid
-1.03-50.96-5.53-24.49-242.33
Net Long-Term Debt Issued (Repaid)
396.16299.04439.2273.02398.3
Issuance of Common Stock
904.31402.94689.91,258744.85
Repurchase of Common Stock
-3.74-2.28-2.68-1.91-1.81
Net Common Stock Issued (Repurchased)
900.57400.66687.211,256743.03
Issuance of Preferred Stock
----170.31
Net Preferred Stock Issued (Repurchased)
----170.31
Common Dividends Paid
-340.65-303.6-277.68-220.3-194.3
Preferred Share Dividends Paid
-7.44-7.44-7.44-7.44-
Other Financing Activities
-10.69-7.9-12.96-3.68-7.75
Financing Cash Flow
1,053445.31869.011,2381,178
Net Cash Flow
14.22-8.13-14.39-16.3437.3
Free Cash Flow
-1,081-547.77-897.24-1,299-1,196
FCF Margin
-150.48%-88.77%-166.93%-302.17%-352.56%
Free Cash Flow Per Share
-9.72-5.38-9.40-16.51-17.91
Levered Free Cash Flow
-342.98-122.75-165.55-959.52-603.96
Unlevered Free Cash Flow
-965.31-427.85-814.07-1,256-1,125
Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.
SEC Filings: 10-K · 10-Q