Agree Realty Corporation Financial Ratios — AGL Stock

Profitability (USD)

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	5.9	10.17	8.12	5.75	9.7	7.96	7.3	5.42	5.47	4.34	4.17	3.77	3.43	3.51	3.45
Return on Assets (%)	3.3	5.44	4.72	3.5	5.64	4.67	4.41	3.3	3.41	2.79	2.68	2.55	2.35	2.33	2.24
Return on Capital (%)	4.35	6.11	5.94	5.06	7.32	6.23	5.8	4.72	4.79	3.98	3.73	3.6	3.5	3.69	3.75
Return on Invested Capital (%)	5.07	5.23	5.89	5.3	5.81	5.37	4.81	4.16	4.85	4.02	4.07	3.6	3.51	3.7	3.76
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
EBITDA Margin (%)	74.33	77.63	78.5	72.81	80.9	82.02	84.93	85.11	92.6	86.81	91.44	89.57	86.28	87.91	85.76
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
Incremental Operating Margin (%)	34.06	78.9	67.98	54.69	56.09	53.56	56.52	48.29	54.36	43.49	52.68	40.63	42.6	48.13	48.23
Pretax Margin (%)	45.39	41.13	43.53	35.06	56.83	50.2	52.92	43.26	43.37	37.44	36.92	36.27	32.27	31.46	28.78
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
Net Income to Common Margin (%)	31.56	52.13	45.21	34.52	55.77	49.29	52.11	42.42	42.71	36.76	35.4	33.74	30.24	29.45	27.41
Effective Tax Rate (%)	- -	- -	- -	- -	- -	0.33	0.38	0.87	0.66	1.17	1.92	1.83	1.68	2.22	0.84
Dvd Payout Ratio (%)	119.39	119.4	107.19	132.3	81.45	90.49	92.73	113.82	110.82	125.44	159.63	150.69	169.63	165.88	171.88
Sustainable Growth Rate (%)	-1.14	-1.97	-0.58	-1.86	1.8	0.76	0.53	-0.75	-0.59	-1.1	-2.48	-1.91	-2.39	-2.31	-2.48

Credit (USD)

Credit Ratios API ChatGPT

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	176	204	168	237	335	445	564	767	988	1,346	1,881	1,977	2,448	2,832	3,355
ST Debt	56	44	10	15	18	14	14	19	89	92	160	- -	- -	- -	- -
LT Debt	119	161	158	222	317	431	550	748	899	1,254	1,721	1,977	2,448	2,832	3,355
Total Debt/EBITDA	7.81	7.61	4.91	6.07	5.92	5.93	5.95	6.57	5.69	6.24	6.06	5.13	5.28	5.22	5.45
Net Debt/EBITDA	7.72	7.56	4.49	5.93	5.87	5.08	5.1	5.87	5.45	6.04	5.82	4.97	5.18	5.12	5.32
Total Debt/EBIT	11.46	10.55	6.61	8.49	8.35	8.61	8.96	10.5	8.64	10.11	9.88	9.06	9.62	9.37	9.86
Net Debt/EBIT	11.33	10.49	6.03	8.3	8.28	7.39	7.67	9.39	8.27	9.8	9.48	8.77	9.43	9.19	9.63
EBITDA to Interest Expense	5.68	5.24	5.28	4.54	4.6	4.89	5.22	4.69	5.25	5.38	6.16	6.07	5.72	4.98	4.58
EBITDA-CapEx/Interest Expense	-3.7	5.24	5.28	4.54	4.6	4.89	5.22	4.69	5.25	5.38	6.16	6.07	5.72	4.98	4.58
EBIT to Interest Expense	4.03	3.77	3.93	3.6	3.26	3.37	3.47	3.03	3.1	3.22	3.51	3.37	3.2	2.74	2.58
Interest Expense	4	5	6	9	12	15	18	25	33	40	50	63	81	109	135
Common Equity/Total Assets	54.28	52.77	62.58	59.57	57.11	59.81	60.79	60.94	63.4	64.96	62.04	66.35	64.62	62.87	62.22
Long-Term Debt/Equity (%)	73.54	81.28	54.21	62.29	69.87	62.87	60.35	60.37	53.14	49.64	50.32	42.69	47.07	51.39	53.5
Long-Term Debt/Capital (%)	35.3	39.99	34.43	37.41	40.19	38.12	37.28	37.29	33.55	32.38	32.47	29.92	32.01	33.94	34.85
Long-Term Debt/Total Assets (%)	40.59	43.48	34.23	37.36	40.12	37.74	36.79	36.86	33.74	32.27	32.92	29.45	31.48	33.37	34.24
Total Debt/Equity (%)	108.33	103.27	57.46	66.5	73.84	64.91	61.89	61.9	58.41	53.28	55	42.69	47.07	51.39	53.5
Total Debt/Capital (%)	52	50.8	36.49	39.94	42.48	39.36	38.23	38.23	36.87	34.76	35.48	29.92	32.01	33.94	34.85
Total Debt/Total Assets (%)	59.79	55.24	36.28	39.89	42.4	38.96	37.73	37.8	37.08	34.64	35.98	29.45	31.48	33.37	34.24
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
Net Debt/Capital (%)	51.71	50.65	34.42	39.39	42.28	34.78	33.89	35.13	35.5	33.73	34.32	29.06	31.43	33.34	34.12
EBITDA	22	27	34	39	57	75	95	117	174	216	310	385	464	542	616
EBITDA-CapEx	-15	27	34	39	57	75	95	117	174	216	310	385	464	542	616
Operating Income (Loss)	16	19	25	31	40	52	63	75	103	129	177	214	260	298	347

Liquidity (USD)

Liquidity Ratios API ChatGPT

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.23	0.18	1.5	0.46	0.2	1.6	1.65	1.28	0.21	0.06	0.5	0.26	0.09	0.04	0.09
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
Quick Ratio	0.33	0.48	1.83	0.85	0.74	2.15	2.15	1.79	0.57	0.41	1.11	0.88	0.74	0.78	0.81
CFO/Avg Current Liab	3.25	2.69	3.49	3.27	3.54	3.58	3.18	2.56	2.18	1.59	2.55	3.75	3.36	3.19	3.19
Common Equity/Total Assets	54.28	52.77	62.58	59.57	57.11	59.81	60.79	60.94	63.4	64.96	62.04	66.35	64.62	62.87	62.22
Long-Term Debt/Equity (%)	73.54	81.28	54.21	62.29	69.87	62.87	60.35	60.37	53.14	49.64	50.32	42.69	47.07	51.39	53.5
Long-Term Debt/Capital (%)	35.3	39.99	34.43	37.41	40.19	38.12	37.28	37.29	33.55	32.38	32.47	29.92	32.01	33.94	34.85
Long-Term Debt/Total Assets (%)	40.59	43.48	34.23	37.36	40.12	37.74	36.79	36.86	33.74	32.27	32.92	29.45	31.48	33.37	34.24
Total Debt/Equity (%)	108.33	103.27	57.46	66.5	73.84	64.91	61.89	61.9	58.41	53.28	55	42.69	47.07	51.39	53.5
Total Debt/Capital (%)	52	50.8	36.49	39.94	42.48	39.36	38.23	38.23	36.87	34.76	35.48	29.92	32.01	33.94	34.85
Total Debt/Total Assets (%)	59.79	55.24	36.28	39.89	42.4	38.96	37.73	37.8	37.08	34.64	35.98	29.45	31.48	33.37	34.24
CFO/Total Liabilities	19.36	12.32	17.28	14.71	13.29	13.52	14.09	11.81	13.02	10.51	13.63	17.39	15.21	14.52	14.3
CFO/CapEx	0.69	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	28.39	23.38	16.05	13.79	11.73	9.66	8.26	7.41	7.75	7.69	7.44	7.21	7.22	6.52	6.28
Days Sales Outstanding	12.86	15.61	22.74	26.48	31.11	37.79	44.21	49.28	47.07	47.44	49.08	50.65	50.52	56	58.15
Inventory Turnover	- -	1.47	0.78	2.03	- -	- -	10.3	14.06	12.54	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	248.84	468.34	179.88	- -	- -	35.43	25.96	29.11	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	2.65	1.54	0.02	- -	- -	1.78	0.91	0.78	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	137.85	236.32	15,223.65	- -	- -	204.82	402.87	468.83	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	126.6	254.77	-15,017.29	- -	- -	-125.19	-327.63	-392.65	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	-233.23	-445.6	-153.41	- -	- -	8.78	23.31	17.96	- -	- -	- -	- -	- -	- -
Inventories	- -	5	5	- -	- -	- -	2	- -	4	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	5	5	- -	- -	- -	2	- -	4	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	2	1	15	5	3	33	51	54	16	6	43	28	11	6	16
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	175	175	175	175	175
+ Minority/Non Controlling Interest	3	3	3	2	2	3	3	2	2	2	2	1	1	1	- -
+ Total Debt	176	204	168	237	335	445	564	767	988	1,346	1,881	1,977	2,448	2,832	3,355
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	338	402	460	593	789	1,130	1,475	2,005	2,680	3,872	5,300	6,607	7,648	8,342	9,626
Total Debt/Capital (%)	52	50.8	36.49	39.94	42.48	39.36	38.23	38.23	36.87	34.76	35.48	29.92	32.01	33.94	34.85
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	30	35	44	54	70	92	112	137	187	249	339	430	537	617	718
TTM EBITDA	22	27	34	39	57	75	95	117	174	216	310	385	464	542	616
TTM Operating Income	16	19	25	31	40	52	63	75	103	129	177	214	260	298	347
TTM Cash Flow to Firm	29	26	36	44	57	77	100	118	160	183	296	424	471	538	638
TTM Free Cash Flow to Firm	-8	26	36	44	57	77	100	118	160	183	296	424	471	538	638

Multiples (USD)

Valuation Multiples API ChatGPT

No data availableFinancial data will appear here once available

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	10	11	15	18	21	26	31	38	46	60	71	90	101	107	120
Diluted Weighted Avg Shares	10	11	13	15	18	23	28	32	41	52	67	79	95	102	111
Basic Weighted Avg Shares	10	11	13	15	18	23	28	32	41	52	67	79	95	101	111
Revenue per Share	3.14	3.13	3.33	3.6	3.89	4	4.04	4.28	4.62	4.8	5.08	5.46	5.65	6.1	6.49
EBITDA per Share	2.33	2.43	2.61	2.62	3.14	3.28	3.43	3.64	4.28	4.16	4.64	4.89	4.87	5.37	5.56
Operating Income per Share	1.65	1.75	1.95	2.08	2.23	2.26	2.28	2.35	2.53	2.49	2.65	2.72	2.73	2.95	3.13
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 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
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
Cash Flow per Share	2.65	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
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
Cash & Equivalents per Share	0.2	0.11	0.98	0.31	0.13	1.28	1.64	1.44	0.34	0.1	0.61	0.31	0.11	0.06	0.14
Book Value per Share	16.19	17.08	19.46	20.16	21.86	26.1	29.31	32.92	37.07	42.06	45.49	49.39	49.98	49.74	50.79
Tangible Book Value per Share	14.56	15.21	17.59	17.45	18.15	20.76	23.01	25.46	29.53	34.17	36.06	40.53	41.49	41.68	42.45