1. United States of America Stocks

  2. •

    Real Estate

  3. •

    REIT - Retail
Agree Realty Corporation

Agree Realty Corporation

ADC
Agree Realty CorporationUS flagNew York Stock Exchange
72.03
USD
-0.65
- -
8.65BMarket Cap

Income Statement (USD)

APIChat
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Sales/Revenue/Turnover
30
35
44
54
70
92
112
137
187
249
339
430
537
617
718
+ Sales & Services Revenue
30
35
44
54
70
92
112
137
187
249
339
430
537
617
718
- Cost of Revenue
3
3
4
5
6
9
12
17
24
32
41
52
67
75
88
+ Cost of Goods & Services
3
3
4
5
6
9
12
17
24
32
41
52
67
75
88
Gross Profit
27
31
40
49
64
83
99
120
164
217
298
378
471
542
630
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
11
12
14
18
23
31
36
45
61
88
121
164
211
244
283
+ Selling, General & Admin
6
6
6
7
7
8
9
12
16
21
25
30
35
37
44
+ Research & Development
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Operating Expense
5
6
8
11
16
23
27
33
46
67
96
134
176
207
239
Operating Income (Loss)
16
19
25
31
40
52
63
75
103
129
177
214
260
298
347
- Non-Operating (Income) Loss
2
5
6
12
- -
6
4
16
21
36
52
58
86
104
140
+ Interest Expense, Net
4
5
6
9
12
15
18
25
33
40
50
63
81
109
135
+ Interest Expense
4
5
6
9
12
15
18
25
33
40
50
63
81
109
135
- Interest Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Op (Income) Loss
-2
- -
- -
4
-12
-10
-14
-9
-12
-4
1
-5
5
-5
6
Pretax Income
14
14
19
19
40
46
59
59
81
93
125
156
173
194
207
- Income Tax Expense (Benefit)
- -
- -
- -
- -
- -
- -
- -
1
1
1
2
3
3
4
2
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
14
14
19
19
40
46
59
59
81
92
123
153
171
190
205
- Net Extraordinary Losses (Gains)
5
-3
- -
1
1
1
1
1
1
1
1
1
1
1
1
+ Discontinued Operations
-4
4
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
8
-8
-1
1
1
1
1
1
1
1
1
1
1
1
1
Income (Loss) Incl. MI
9
17
19
18
38
44
57
58
79
91
122
152
169
189
204
- Minority Interest
- -
-1
-1
- -
-1
-1
-1
-1
-1
-1
-1
-1
-1
-1
-1
Net Income, GAAP
10
18
20
18
39
45
58
58
80
91
122
152
170
189
204
- Preferred Dividends
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2
7
7
7
7
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
10
18
20
18
39
45
58
58
80
91
120
145
163
182
197
EBIT
16
19
25
31
40
52
63
75
103
129
177
214
260
298
347
EBITDA
23
27
34
42
57
75
95
119
162
212
297
381
469
538
623
EBITDA Margin (%)
76.31
77.63
78.5
78.44
80.9
82.02
84.93
86.8
86.36
85.25
87.55
88.58
87.27
87.22
86.67
EBITA
16
19
25
31
40
52
63
75
103
129
177
214
260
298
347
Gross Margin (%)
88.54
90.39
91.6
90.82
90.88
90.61
88.82
87.59
87.46
87.23
87.9
87.84
87.59
87.87
87.73
Operating Margin (%)
52.65
55.95
58.41
57.71
57.33
56.44
56.46
54.93
54.78
52
52.19
49.75
48.32
48.29
48.29
Profit Margin (%)
31.56
52.13
45.21
34.52
55.77
49.29
52.11
42.42
42.71
36.76
36.03
35.47
31.62
30.66
28.45
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.74
1.6
1.6
1.71
1.83
1.84
2
2.11
2.22
2.24
2.93
2.9
3
3.08
3.14
Depreciation Expense
7
8
9
11
16
23
32
44
59
83
120
167
209
240
276
Basic Weighted Avg Shares
10
11
13
15
18
23
28
32
41
52
67
79
95
101
111
Basic EPS, GAAP
0.99
1.63
1.51
1.24
2.17
1.97
2.1
1.81
1.97
1.76
1.8
1.84
1.71
1.8
1.78
Basic EPS from Cont Ops
1.43
1.29
1.45
1.26
2.21
2
2.13
1.83
1.99
1.77
1.84
1.95
1.79
1.88
1.85
Diluted Weighted Avg Shares
10
11
13
15
18
23
28
32
41
52
67
79
95
102
111
Diluted EPS, GAAP
0.99
1.62
1.5
1.24
2.16
1.97
2.1
1.8
1.94
1.74
1.79
1.83
1.7
1.78
1.77
Diluted EPS from Cont Ops
1.42
1.28
1.44
1.25
2.2
1.99
2.12
1.81
1.96
1.76
1.83
1.93
1.79
1.86
1.84

Balance Sheet (USD)

APIChat
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Total Current Assets
3
3
18
10
10
45
74
76
69
46
99
95
97
113
143
+ Cash, Cash Equivalents & STI
2
1
15
5
3
33
51
54
16
6
43
28
11
6
16
+ Cash & Cash Equivalents
2
1
15
5
3
33
51
54
16
6
43
28
11
6
16
+ ST Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Accounts & Notes Receiv
1
2
3
5
7
12
15
22
27
38
53
66
83
106
122
+ Accounts Receivable, Net
1
2
3
5
7
12
15
22
27
38
53
66
83
106
122
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventories
- -
5
5
- -
- -
- -
2
- -
4
- -
- -
- -
- -
- -
- -
+ Raw Materials
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Work In Process
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Finished Goods
- -
5
5
- -
- -
- -
2
- -
4
- -
- -
- -
- -
- -
- -
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Assets
- -
-5
-5
- -
- -
- -
6
- -
23
2
2
1
4
- -
4
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
291
367
445
584
780
1,097
1,420
1,953
2,596
3,840
5,128
6,618
7,677
8,374
9,655
+ Property, Plant & Equip, Net
271
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Property, Plant & Equip
340
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Accumulated Depreciation
69
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Investments & Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
20
367
445
584
780
1,097
1,420
1,953
2,596
3,840
5,128
6,618
7,677
8,374
9,655
+ Total Intangible Assets
16
21
28
47
77
140
195
280
344
474
672
799
854
865
1,001
+ Goodwill
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Intangible Assets
16
21
28
47
77
140
195
280
344
474
672
799
854
865
1,001
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
4
345
417
536
703
957
1,225
1,673
2,252
3,367
4,456
5,819
6,823
7,509
8,654
Total Assets
294
370
463
594
790
1,142
1,495
2,028
2,665
3,886
5,227
6,713
7,775
8,486
9,798
+ Payables & Accruals
9
7
10
12
14
21
31
42
74
106
87
106
127
144
172
+ Accounts Payable
4
2
3
3
3
6
11
21
49
71
70
84
101
116
139
+ Accrued Taxes
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
5
5
7
9
11
15
20
21
25
35
17
22
26
28
32
+ ST Debt
56
44
10
15
18
14
14
19
89
92
160
- -
- -
- -
- -
+ ST Borrowings
56
44
10
15
18
14
14
19
89
92
160
- -
- -
- -
- -
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Liabilities
-56
-44
-10
-15
-18
-14
-14
-19
-89
-92
-160
- -
- -
- -
- -
+ Deferred Revenue
2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
-59
-44
-10
-15
-18
-14
-14
-19
-89
-92
-160
- -
- -
- -
- -
Total Current Liabilities
9
7
10
12
14
21
31
42
74
106
87
106
127
144
172
+ LT Debt
119
161
158
222
317
431
550
748
899
1,254
1,721
1,977
2,448
2,832
3,355
+ LT Borrowings
119
161
158
222
317
401
520
720
872
1,218
1,688
1,940
2,411
2,785
3,295
+ LT Finance Leases
- -
- -
- -
- -
- -
30
30
27
27
36
33
37
37
46
60
+ Other LT Liabilities
4
4
2
4
6
5
3
- -
- -
- -
- -
- -
- -
- -
- -
+ Accrued Liabilities
3
3
2
2
2
3
2
5
- -
- -
- -
- -
- -
- -
- -
+ Pension Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
1
1
- -
2
3
2
- -
-5
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Liabilities
123
165
161
226
323
436
553
748
899
1,254
1,721
1,977
2,448
2,832
3,355
Total Liabilities
132
172
171
238
336
456
583
790
973
1,360
1,808
2,083
2,575
2,976
3,526
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
175
175
175
175
175
+ Share Capital & APIC
181
218
313
388
483
712
936
1,278
1,753
2,652
3,396
4,659
5,354
5,766
6,679
+ Common Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Additional Paid in Capital
181
218
313
388
483
712
936
1,278
1,753
2,652
3,396
4,659
5,354
5,766
6,679
- Treasury Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Retained Earnings
-21
-21
-24
-33
-28
-29
-29
-43
-57
-91
-147
-228
-346
-471
-619
+ Other Equity
-1
-1
- -
-2
-3
-1
1
1
-6
-36
-6
24
17
40
36
Equity Before Minority Interest
160
195
290
354
451
683
909
1,236
1,689
2,524
3,418
4,629
5,199
5,510
6,271
+ Minority/Non Controlling Interest
3
3
3
2
2
3
3
2
2
2
2
1
1
1
- -
Total Equity
162
198
292
356
454
686
911
1,238
1,692
2,526
3,419
4,630
5,200
5,511
6,271
Total Liabilities & Equity
294
370
463
594
790
1,142
1,495
2,028
2,665
3,886
5,227
6,713
7,775
8,486
9,798
Shares Outstanding
10
11
15
18
21
26
31
38
46
60
71
90
101
107
120
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
- -
- -
- -
- -
- -
30
30
27
27
36
33
37
37
46
60
Net Debt
174
203
153
231
332
382
483
685
946
1,304
1,804
1,912
2,400
2,779
3,278
Net Debt to Equity
107.1
102.63
52.48
64.98
73.24
55.66
52.98
55.35
55.91
51.62
52.77
41.3
46.15
50.43
52.28
Tangible Common Equity Ratio
52.58
50.64
60.8
56.5
52.86
54.45
55.1
54.82
58.08
60.15
56.47
61.82
60.27
58.66
57.92
Current Ratio
0.33
0.48
1.83
0.85
0.74
2.15
2.4
1.79
0.93
0.43
1.14
0.89
0.77
0.78
0.83
Cash Conversion Cycle
-277.44
126.6
254.77
-15,017.29
-133.85
-141.06
-125.19
-327.63
-392.65
-715.55
-579.37
-485.97
-455.87
-474.74
-471.17

Cash Flow Statement (USD)

APIChat
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
+ Net Income
10
19
20
19
40
46
59
59
81
92
123
153
171
190
205
+ Depreciation & Amortization
7
8
9
11
16
23
32
44
59
83
120
167
209
240
276
+ Non-Cash Items
12
- -
2
6
-9
-7
-11
-5
-6
-28
- -
21
6
5
23
+ Stock-Based Compensation
1
2
2
2
2
2
2
3
4
5
5
6
8
11
13
+ Deferred Income Taxes
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Asset Impairment Charge
14
- -
- -
3
- -
- -
- -
2
2
4
2
1
7
7
12
+ Other Non-Cash Adj
-2
-2
- -
1
-11
-9
-13
-10
-11
-37
-6
14
-9
-13
-2
+ Chg in Non-Cash Work Cap
-4
-4
-2
-1
-2
-1
2
-4
-8
-3
3
21
5
-3
- -
+ (Inc) Dec in Accts Receiv
1
-1
-1
-1
-3
-4
-4
-7
-6
-4
-4
1
-5
-12
1
+ (Inc) Dec in Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ (Inc) Dec in Prepaid Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inc (Dec) in Accts Payable
2
-2
1
- -
1
3
6
3
1
2
11
15
10
14
6
+ Inc (Dec) in Other
-7
-1
-1
- -
-1
- -
- -
- -
-2
-2
-3
5
- -
-5
-7
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
25
21
29
35
45
62
82
93
127
143
246
362
392
432
504
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Fixed Prod Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
-37
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed Prod Assets
-29
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Intangible Assets
-9
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash (Repurchase) of Equity
- -
35
93
73
92
227
222
339
471
894
743
1,256
687
401
901
+ Increase in Capital Stock
- -
35
93
73
92
228
223
340
473
896
745
1,258
690
403
904
+ Decrease in Capital Stock
- -
- -
- -
- -
- -
-1
-1
-1
-1
-2
-2
-2
-3
-2
-4
+ Net Change in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Dec in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inc in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Net Cash From Acq & Div
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash from Divestitures
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash for Acq of Subs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
8
-69
-85
-148
-203
-298
-319
-568
-668
-1,300
-1,387
-1,616
-1,275
-885
-1,543
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-29
-69
-85
-148
-203
-298
-319
-568
-668
-1,300
-1,387
-1,616
-1,275
-885
-1,543
+ Dividends Paid
-17
-18
-21
-25
-33
-42
-55
-68
-90
-116
-196
-228
-285
-311
-348
+ Net Cash From Debt
24
33
-3
58
98
84
97
202
82
349
536
153
598
369
509
+ Cash From Debt
119
150
141
214
261
372
100
230
125
1,093
1,829
2,368
2,812
1,517
29,355
+ Repayments of Debt
-95
-117
-144
-156
-163
-288
-3
-28
-43
-744
-1,293
-2,214
-2,214
-1,148
-28,847
+ Other Financing Activities
-2
-3
-1
-2
-2
-3
-1
-3
66
-5
95
56
-132
-13
-8
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
5
47
69
104
155
267
262
470
529
1,123
1,178
1,238
869
445
1,053
Effect of Foreign Exchange Rates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Changes in Cash
1
-1
13
-9
-3
31
25
-5
-12
-34
37
-16
-14
-8
14
EBITDA
23
27
34
42
57
75
95
119
162
212
297
381
469
538
623
EBITDA Margin (%)
76.31
77.63
78.5
78.44
80.9
82.02
84.93
86.8
86.36
85.25
87.55
88.58
87.27
87.22
86.67
Free Cash Flow
-12
21
29
35
45
62
82
93
127
143
246
362
392
432
504
Net Cash Paid for Acquisitions
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow to Firm
-8
26
36
44
57
77
100
118
160
183
296
424
471
538
638
Free Cash Flow to Equity
21
54
27
93
143
146
179
295
209
492
955
508
983
793
1,005
Free Cash Flow per Basic Share
-1.21
1.92
2.26
2.35
2.48
2.7
2.98
2.91
3.12
2.76
3.69
4.6
4.11
4.27
4.55
Price/Free Cash Flow
3.77
14.07
12.96
13.31
13.74
17.13
17.33
20.54
22.83
24.4
19.45
15.51
15.34
16.61
15.89
Cash Flow to Net Income
2.67
1.17
1.5
1.89
1.15
1.37
1.41
1.6
1.58
1.56
2.01
2.38
2.3
2.28
2.47
Capital Expenditures
-37
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -