Agree Financial Statements From 2010 to 2026

Stocks . USA . 
Stock . Agree Realty
ADC Stock  USD 71.82  0.30  0.42%   
Agree Realty's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Agree Realty's valuation are provided below:
Gross Profit
604.1 M
Profit Margin
0.2811
Market Capitalization
8.3 B
Enterprise Value Revenue
17.236
Revenue
688.6 M
We have found one hundred twenty available fundamental signals for Agree Realty, which can be analyzed and compared to other ratios and to its rivals. Investors should ensure to validate all of Agree Realty's prevailing performance against the performance from 2010 to 2026 to make sure the company is sustainable down the road. The current year's Market Cap is expected to grow to about 5.7 B. The current year's Enterprise Value is expected to grow to about 8 B

Agree Realty Total Revenue

745.14 Million

Check Agree Realty financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Agree Realty's main balance sheet or income statement drivers, such as Depreciation And Amortization of 290.1 M, Interest Expense of 131.5 M or Selling General Administrative of 45 M, as well as many indicators such as Price To Sales Ratio of 6.3, Dividend Yield of 0.0836 or PTB Ratio of 1.65. Agree financial statements analysis is a perfect complement when working with Agree Realty Valuation or Volatility modules.
  
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Check out the analysis of Agree Realty Correlation against competitors.
For information on how to trade Agree Stock refer to our How to Trade Agree Stock guide.

Agree Realty Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets10.2 B9.8 B3.6 B
Slightly volatile
Short and Long Term Debt Total2.2 B3.3 B3.8 B
Pretty Stable
Total Stockholder Equity6.7 B6.3 B2.4 B
Slightly volatile
Property Plant And Equipment Net8.2 B7.8 B2.8 B
Slightly volatile
Net Debt3.4 B3.2 B1.2 B
Slightly volatile
Non Current Assets Total10.1 B9.6 B3.6 B
Slightly volatile
Other Assets9.1 B8.6 B2.4 B
Slightly volatile
Cash And Short Term Investments10.7 M7.4 M17.2 M
Pretty Stable
Common Stock Shares Outstanding123 M117.2 M48.9 M
Slightly volatile
Liabilities And Stockholders Equity10.2 B9.8 B3.6 B
Slightly volatile
Non Current Liabilities Total3.4 B3.3 B1.2 B
Slightly volatile
Other Stockholder Equity7 B6.6 B2.5 B
Slightly volatile
Total Liabilities3.6 B3.4 B1.3 B
Slightly volatile
Property Plant And Equipment Gross204 M312.2 M258.9 M
Slightly volatile
Total Current Assets136.2 M129.7 M62.8 M
Slightly volatile
Total Current Liabilities174 M165.7 M69.2 M
Slightly volatile
Accounts Payable140.4 M133.7 M47.4 M
Slightly volatile
Cash11.1 M7.4 M17.2 M
Pretty Stable
Net Receivables128.5 M122.4 M40.7 M
Slightly volatile
Common Stock Total Equity10.9 K10.3 K4.9 K
Slightly volatile
Common Stock12.1 K11.5 K5.2 K
Slightly volatile
Short Term Debt44.3 M46.6 M2.7 B
Slightly volatile
Other Liabilities59.4 M56.6 M27.9 M
Slightly volatile
Long Term Debt3.4 B3.2 B1.2 B
Slightly volatile
Intangible Assets1 B994.7 M401.7 M
Slightly volatile
Net Tangible Assets4.4 B4.2 B1.8 B
Slightly volatile
Noncontrolling Interest In Consolidated Entity1.8 M1.3 M2.1 M
Slightly volatile
Long Term Debt Total3.4 B3.2 B1.2 B
Slightly volatile
Capital Surpluse7 B6.6 B2.5 B
Slightly volatile
Deferred Long Term Liabilities965.3 M919.4 M340.9 M
Slightly volatile
Property Plant Equipment9 B8.6 B3.2 B
Slightly volatile
Short and Long Term Debt182.7 M144 M207.7 M
Slightly volatile
Long Term Investments2.9 M2.9 M2.2 M
Slightly volatile
Non Current Liabilities Other31.2 M42.4 M19.9 M
Slightly volatile
Cash And Equivalents5.5 M5.8 M27 M
Slightly volatile
Net Invested Capital5 B9.3 B3.6 B
Slightly volatile
Capital Stock110 M201.3 M59.5 M
Slightly volatile
Capital Lease Obligations42 M53.2 M36 M
Slightly volatile

Agree Realty Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization290.1 M276.3 M93.9 M
Slightly volatile
Selling General Administrative45 M42.8 M18.4 M
Slightly volatile
Total Revenue745.1 M709.7 M258.6 M
Slightly volatile
Gross Profit654.8 M623.6 M227.6 M
Slightly volatile
Other Operating Expenses380.2 M362.1 M126.8 M
Slightly volatile
Operating Income365 M347.6 M132.6 M
Slightly volatile
EBIT365.9 M348.5 M131.6 M
Slightly volatile
EBITDA656 M624.8 M225.5 M
Slightly volatile
Total Operating Expenses289.8 M276 M95.8 M
Slightly volatile
Net Income228.5 M217.6 M89.3 M
Slightly volatile
Income Before Tax234.4 M223.3 M91.8 M
Slightly volatile
Cost Of Revenue90.4 M86.1 M31.5 M
Slightly volatile
Net Income Applicable To Common Shares218.9 M208.5 M87.1 M
Slightly volatile
Extraordinary Items196.7 K207 K729.4 K
Slightly volatile
Selling And Marketing Expenses75.2479.2151.8 K
Slightly volatile
Net Income From Continuing Ops229.2 M218.3 M91.1 M
Slightly volatile
Non Recurring867.8 K913.5 K2.2 M
Slightly volatile
Interest Income131.5 M125.2 M45.1 M
Slightly volatile
Tax Provision5.2 M5 M1.5 M
Slightly volatile
Reconciled Depreciation290.1 M276.3 M102 M
Slightly volatile
Preferred Stock And Other Adjustments5.3 M8.6 M3.6 M
Slightly volatile

Agree Realty Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow11.8 M16.7 M20 M
Slightly volatile
Depreciation290.1 M276.3 M94 M
Slightly volatile
Total Cash From Operating Activities521.6 M496.8 M183.2 M
Slightly volatile
Net Income229.2 M218.3 M90 M
Slightly volatile
Total Cash From Financing Activities537.7 M512.1 M459.5 M
Slightly volatile
End Period Cash Flow12 M7.4 M19.9 M
Pretty Stable
Stock Based Compensation13 M12.4 M4.8 M
Slightly volatile
Issuance Of Capital Stock798.4 M463.4 M532.9 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio6.310.3910.6606
Slightly volatile
Dividend Yield0.08360.05020.0492
Pretty Stable
PTB Ratio1.651.491.4531
Slightly volatile
Days Sales Outstanding59.4856.6544.3565
Slightly volatile
Book Value Per Share51.5149.0636.9597
Slightly volatile
Operating Cash Flow Per Share2.263.852.8939
Slightly volatile
Average Payables1.6 M2.6 M2.6 M
Pretty Stable
Stock Based Compensation To Revenue0.03120.02010.0269
Slightly volatile
Capex To Depreciation0.00340.00360.7586
Slightly volatile
PB Ratio1.651.491.4531
Slightly volatile
EV To Sales9.4414.5115.1176
Slightly volatile
ROIC0.04490.04070.0413
Slightly volatile
Net Income Per Share1.371.681.6313
Slightly volatile
Payables Turnover1.320.741.0956
Slightly volatile
Sales General And Administrative To Revenue0.080.05430.0954
Slightly volatile
Capex To Revenue0.0010.00110.1578
Slightly volatile
Cash Per Share0.05410.0570.5186
Pretty Stable
POCF Ratio10.7314.8418.3333
Slightly volatile
Interest Coverage3.773.193.4301
Slightly volatile
Payout Ratio1.651.891.7733
Slightly volatile
Capex To Operating Cash Flow0.00160.00170.2643
Slightly volatile
Days Payables Outstanding320510426
Slightly volatile
Income Quality1.32.051.6639
Slightly volatile
ROE0.03750.03950.0496
Slightly volatile
EV To Operating Cash Flow23.4226.4828.6807
Slightly volatile
PE Ratio19.9633.8836.6546
Slightly volatile
Return On Tangible Assets0.04710.02850.0344
Pretty Stable
Earnings Yield0.0290.03050.0353
Slightly volatile
Intangibles To Total Assets0.080.09170.0973
Slightly volatile
Net Debt To EBITDA3.384.685.1
Very volatile
Current Ratio0.70.78281.2136
Pretty Stable
Tangible Book Value Per Share43.4241.3630.7885
Slightly volatile
Receivables Turnover6.346.6711.0102
Slightly volatile
Graham Number23.5843.1135.1432
Slightly volatile
Shareholders Equity Per Share51.549.0536.7545
Slightly volatile
Debt To Equity1.10.590.7036
Slightly volatile
Capex Per Share0.0040.00420.6798
Slightly volatile
Average Receivables5.6 M5.4 M4.9 M
Slightly volatile
Revenue Per Share4.977.024.4737
Slightly volatile
Interest Debt Per Share14.926.1820.8429
Slightly volatile
Debt To Assets0.450.380.38
Slightly volatile
Enterprise Value Over EBITDA10.716.4817.5536
Slightly volatile
Short Term Coverage Ratios1.911.392.2711
Very volatile
Price Earnings Ratio19.9633.8836.6546
Slightly volatile
Price Book Value Ratio1.651.491.4531
Slightly volatile
Days Of Payables Outstanding320510426
Slightly volatile
Dividend Payout Ratio1.651.891.7733
Slightly volatile
Price To Operating Cash Flows Ratio10.7314.8418.3333
Slightly volatile
Pretax Profit Margin0.440.360.4033
Pretty Stable
Ebt Per Ebit0.840.740.7632
Pretty Stable
Operating Profit Margin0.680.560.5995
Slightly volatile
Company Equity Multiplier2.431.771.7861
Slightly volatile
Long Term Debt To Capitalization0.50.390.3812
Slightly volatile
Total Debt To Capitalization0.50.390.3949
Slightly volatile
Return On Capital Employed0.08020.04170.0523
Slightly volatile
Debt Equity Ratio1.10.590.7036
Slightly volatile
Ebit Per Revenue0.680.560.5995
Slightly volatile
Quick Ratio0.640.71.1065
Very volatile
Dividend Paid And Capex Coverage Ratio0.731.251.2193
Slightly volatile
Net Income Per E B T1.221.121.1147
Slightly volatile
Cash Ratio0.0380.040.5593
Slightly volatile
Operating Cash Flow Sales Ratio0.50.630.6467
Pretty Stable
Days Of Sales Outstanding59.4856.6544.3565
Slightly volatile
Cash Flow Coverage Ratios0.150.140.1439
Pretty Stable
Price To Book Ratio1.651.491.4531
Slightly volatile
Fixed Asset Turnover0.130.09490.0957
Slightly volatile
Capital Expenditure Coverage Ratio640609591
Slightly volatile
Price Cash Flow Ratio10.7314.8418.3333
Slightly volatile
Enterprise Value Multiple10.716.4817.5536
Slightly volatile
Debt Ratio0.450.380.38
Slightly volatile
Cash Flow To Debt Ratio0.150.140.1439
Pretty Stable
Price Sales Ratio6.310.3910.6606
Slightly volatile
Return On Assets0.04530.02560.0312
Pretty Stable
Asset Turnover0.120.08360.0828
Slightly volatile
Net Profit Margin0.310.280.3755
Very volatile
Gross Profit Margin0.981.010.9041
Pretty Stable
Price Fair Value1.651.491.4531
Slightly volatile
Return On Equity0.03750.03950.0496
Slightly volatile

Agree Realty Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap5.7 B5.4 B2.9 B
Slightly volatile
Enterprise Value8 B7.6 B4 B
Slightly volatile

Agree Fundamental Market Drivers

Forward Price Earnings35.8423
Cash And Short Term Investments6.4 M

Agree Upcoming Events

13th of February 2024
Upcoming Quarterly Report
View
2nd of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
13th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Agree Realty Financial Statements

Agree Realty stakeholders use historical fundamental indicators, such as Agree Realty's revenue or net income, to determine how well the company is positioned to perform in the future. Although Agree Realty investors may analyze each financial statement separately, they are all interrelated. For example, changes in Agree Realty's assets and liabilities are reflected in the revenues and expenses on Agree Realty's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Agree Realty. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue4.2 M4 M
Total Revenue709.7 M745.1 M
Cost Of Revenue86.1 M90.4 M
Stock Based Compensation To Revenue 0.02  0.03 
Sales General And Administrative To Revenue 0.05  0.08 
Revenue Per Share 7.02  4.97 
Ebit Per Revenue 0.56  0.68 

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When determining whether Agree Realty offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Agree Realty's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Agree Realty Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Agree Realty Stock:
How To Invest In Agree
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Is Agree Stock a good investment?
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What is Agree Realty's Net Worth?
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Largest Retail REITs Companies
View
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Check out the analysis of Agree Realty Correlation against competitors.
For information on how to trade Agree Stock refer to our How to Trade Agree Stock guide.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Retail REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Agree Realty. If investors know Agree will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Agree Realty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.071
Dividend Share
3.054
Earnings Share
1.71
Revenue Per Share
6.383
Quarterly Revenue Growth
0.187
The market value of Agree Realty is measured differently than its book value, which is the value of Agree that is recorded on the company's balance sheet. Investors also form their own opinion of Agree Realty's value that differs from its market value or its book value, called intrinsic value, which is Agree Realty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Agree Realty's market value can be influenced by many factors that don't directly affect Agree Realty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Altman
Z Score
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Piotroski
F Score
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Beneish
M Score
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Financial
Analysis
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Buy or Sell
Advice
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Earnings
Projections
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Please note, there is a significant difference between Agree Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agree Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agree Realty's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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