Agree Financial Statements From 2010 to 2025

Stocks . USA . 
Stock . Agree Realty
ADC Stock  USD 72.44  0.29  0.40%   
Agree Realty financial statements provide useful quarterly and yearly information to potential Agree Realty investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Agree Realty financial statements helps investors assess Agree Realty's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Agree Realty's valuation are summarized below:
Gross Profit
528.1 M
Profit Margin
0.3162
Market Capitalization
7.9 B
Enterprise Value Revenue
17.8981
Revenue
600.5 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 2025 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 7.9 B

Agree Realty Total Revenue

649.03 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 252.8 M, Interest Expense of 98 M or Selling General Administrative of 42 M, as well as many indicators such as Price To Sales Ratio of 5.96, Dividend Yield of 0.0847 or PTB Ratio of 1.66. Agree financial statements analysis is a perfect complement when working with Agree Realty Valuation or Volatility modules.
  
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 Assets9.4 B8.9 B3.2 B
Slightly volatile
Short and Long Term Debt Total2.1 B2.8 B3.8 B
Pretty Stable
Total Stockholder Equity6.3 B6 B2.1 B
Slightly volatile
Property Plant And Equipment Net8.2 B7.8 B3.1 B
Slightly volatile
Net Debt2.9 B2.8 B1 B
Slightly volatile
Non Current Assets Total9.3 B8.8 B3.2 B
Slightly volatile
Other Assets7 B6.7 B2.2 B
Slightly volatile
Cash And Short Term Investments10.8 M12.5 M18.2 M
Slightly volatile
Common Stock Shares Outstanding115.2 M109.8 M44.6 M
Slightly volatile
Liabilities And Stockholders Equity9.4 B8.9 B3.2 B
Slightly volatile
Non Current Liabilities Total3 B2.8 B1 B
Slightly volatile
Other Stockholder Equity6.5 B6.2 B2.2 B
Slightly volatile
Total Liabilities3.1 B3 B1.1 B
Slightly volatile
Property Plant And Equipment Gross204 M312.2 M258.1 M
Slightly volatile
Total Current Assets122.1 M116.3 M58 M
Slightly volatile
Total Current Liabilities107.9 M102.7 M54.1 M
Slightly volatile
Accounts Payable62.8 M59.8 M30.6 M
Slightly volatile
Cash11.2 M12.5 M18.2 M
Slightly volatile
Net Receivables100.2 M95.4 M33.1 M
Slightly volatile
Common Stock Total Equity10.9 K10.3 K4.7 K
Slightly volatile
Common Stock12.1 K11.5 K4.9 K
Slightly volatile
Short Term Debt5.6 M5.9 M2.9 B
Slightly volatile
Other Liabilities59.4 M56.6 M26.6 M
Slightly volatile
Long Term Debt2.9 B2.8 B1 B
Slightly volatile
Intangible Assets1 B982.2 M371.2 M
Slightly volatile
Net Tangible Assets4.4 B4.2 B1.6 B
Slightly volatile
Noncontrolling Interest In Consolidated Entity1.8 M1.3 M2.2 M
Slightly volatile
Long Term Debt Total2.3 B2.2 B912 M
Slightly volatile
Capital Surpluse5.6 B5.4 B2 B
Slightly volatile
Deferred Long Term Liabilities965.3 M919.4 M312.3 M
Slightly volatile
Property Plant Equipment7 B6.7 B2.6 B
Slightly volatile
Short and Long Term Debt182.7 M144 M210.7 M
Slightly volatile
Long Term Investments2.9 M2.9 M2.2 M
Slightly volatile
Non Current Liabilities Other31.2 M42.4 M18.8 M
Slightly volatile
Cash And Equivalents26.4 M25 M31.9 M
Pretty Stable
Net Invested Capital4.5 B8.6 B3.2 B
Slightly volatile
Capital Stock211.3 M201.3 M58.6 M
Slightly volatile

Agree Realty Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization252.8 M240.8 M86.7 M
Slightly volatile
Selling General Administrative42 M40 M16.9 M
Slightly volatile
Total Revenue649 M618.1 M229.5 M
Slightly volatile
Gross Profit568.5 M541.4 M198.8 M
Slightly volatile
Other Operating Expenses341.9 M325.6 M116.5 M
Slightly volatile
Operating Income307.2 M292.5 M113.6 M
Slightly volatile
EBIT307.4 M292.8 M101.6 M
Slightly volatile
EBITDA560.2 M533.5 M188.3 M
Slightly volatile
Net Income205.2 M195.5 M80.2 M
Slightly volatile
Income Before Tax209.4 M199.5 M82.2 M
Slightly volatile
Cost Of Revenue80.6 M76.7 M31.3 M
Slightly volatile
Net Income Applicable To Common Shares174.6 M166.3 M74.7 M
Slightly volatile
Extraordinary Items196.7 K207 K760.6 K
Slightly volatile
Selling And Marketing Expenses75.2479.2161.3 K
Slightly volatile
Net Income From Continuing Ops199.8 M190.3 M81.3 M
Slightly volatile
Non Recurring867.8 K913.5 K2.3 M
Slightly volatile
Interest Income76.6 M73 M33.3 M
Slightly volatile
Tax Provision3.5 M3.4 M1.2 M
Slightly volatile
Reconciled Depreciation242.7 M231.2 M87.6 M
Slightly volatile
Preferred Stock And Other Adjustments5.3 M8.6 M3.4 M
Slightly volatile

Agree Realty Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow34.9 M33.2 M22.9 M
Slightly volatile
Depreciation252.8 M240.8 M80.3 M
Slightly volatile
Dividends Paid344.3 M327.9 M116.8 M
Slightly volatile
Total Cash From Operating Activities472.9 M450.3 M161.7 M
Slightly volatile
Net Income205.9 M196.1 M80.9 M
Slightly volatile
Total Cash From Financing Activities1 B999.4 M522.8 M
Slightly volatile
End Period Cash Flow11.9 M16.7 M20.8 M
Slightly volatile
Stock Based Compensation10.1 M9.6 M4.1 M
Slightly volatile
Issuance Of Capital Stock857.5 M915.3 M573 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio5.9610.0310.2474
Slightly volatile
Dividend Yield0.08470.05470.0499
Pretty Stable
PTB Ratio1.661.331.4537
Slightly volatile
Days Sales Outstanding53.2350.741.3891
Slightly volatile
Book Value Per Share51.6249.1735.8767
Slightly volatile
Operating Cash Flow Per Share2.223.72.7958
Slightly volatile
Average Payables1.6 M2.6 M2.6 M
Pretty Stable
Stock Based Compensation To Revenue0.03010.01780.0264
Slightly volatile
Capex To Depreciation0.00340.00360.8058
Slightly volatile
PB Ratio1.661.331.4537
Slightly volatile
EV To Sales8.8614.0514.4535
Slightly volatile
Net Income Per Share1.371.611.6119
Slightly volatile
Payables Turnover1.331.481.1628
Very volatile
Sales General And Administrative To Revenue0.07820.05830.0942
Slightly volatile
Capex To Revenue0.0010.00110.1548
Slightly volatile
Cash Per Share0.0980.10.5701
Pretty Stable
POCF Ratio10.6513.7718.3768
Slightly volatile
Interest Coverage3.83.613.3491
Slightly volatile
Payout Ratio1.651.931.7838
Slightly volatile
Capex To Operating Cash Flow0.00160.00170.2807
Slightly volatile
Days Payables Outstanding311327790
Slightly volatile
Income Quality1.292.071.6263
Slightly volatile
ROE0.03570.03760.0503
Slightly volatile
EV To Operating Cash Flow23.1624.6528.758
Slightly volatile
PE Ratio26.9840.5537.4483
Pretty Stable
Return On Tangible Assets0.04770.02820.035
Very volatile
Earnings Yield0.0310.03260.0361
Slightly volatile
Intangibles To Total Assets0.080.09890.0974
Slightly volatile
Net Debt To EBITDA3.684.665.111
Very volatile
Current Ratio0.591.021.2933
Pretty Stable
Tangible Book Value Per Share43.1441.0929.8063
Slightly volatile
Receivables Turnover7.087.4512.0494
Slightly volatile
Graham Number23.142.1634.2562
Slightly volatile
Shareholders Equity Per Share51.6149.1635.6591
Slightly volatile
Debt To Equity0.510.530.6648
Slightly volatile
Capex Per Share0.0040.00420.722
Slightly volatile
Average Receivables70.3 M67 M40.5 M
Slightly volatile
Revenue Per Share5.16.494.4749
Slightly volatile
Interest Debt Per Share14.0923.5619.4775
Slightly volatile
Debt To Assets0.440.360.3745
Slightly volatile
Enterprise Value Over EBITDA11.516.2817.8092
Slightly volatile
Short Term Coverage Ratios74.0470.5149.6599
Slightly volatile
Price Earnings Ratio26.9840.5537.4483
Pretty Stable
Price Book Value Ratio1.661.331.4537
Slightly volatile
Days Of Payables Outstanding311327790
Slightly volatile
Dividend Payout Ratio1.651.931.7838
Slightly volatile
Price To Operating Cash Flows Ratio10.6513.7718.3768
Slightly volatile
Pretax Profit Margin0.530.370.4256
Pretty Stable
Ebt Per Ebit0.970.780.8017
Very volatile
Operating Profit Margin0.670.540.5842
Slightly volatile
Company Equity Multiplier2.451.721.7996
Slightly volatile
Long Term Debt To Capitalization0.510.360.3827
Slightly volatile
Total Debt To Capitalization0.480.360.3908
Slightly volatile
Return On Capital Employed0.03620.03810.0499
Slightly volatile
Debt Equity Ratio0.510.530.6648
Slightly volatile
Ebit Per Revenue0.670.540.5842
Slightly volatile
Dividend Paid And Capex Coverage Ratio0.711.241.2068
Slightly volatile
Net Income Per E B T0.680.880.9491
Very volatile
Cash Ratio0.10.110.6021
Pretty Stable
Operating Cash Flow Sales Ratio0.480.660.6219
Slightly volatile
Days Of Sales Outstanding53.2350.741.3891
Slightly volatile
Cash Flow Coverage Ratios0.170.150.1479
Pretty Stable
Price To Book Ratio1.661.331.4537
Slightly volatile
Fixed Asset Turnover0.06750.07113.6935
Pretty Stable
Capital Expenditure Coverage Ratio640609586
Slightly volatile
Price Cash Flow Ratio10.6513.7718.3768
Slightly volatile
Enterprise Value Multiple11.516.2817.8092
Slightly volatile
Debt Ratio0.440.360.3745
Slightly volatile
Cash Flow To Debt Ratio0.170.150.1479
Pretty Stable
Price Sales Ratio5.9610.0310.2474
Slightly volatile
Return On Assets0.0460.02510.0318
Very volatile
Asset Turnover0.120.07950.0859
Slightly volatile
Net Profit Margin0.30.280.3684
Very volatile
Gross Profit Margin0.981.010.9018
Very volatile
Price Fair Value1.661.331.4537
Slightly volatile
Return On Equity0.03570.03760.0503
Slightly volatile

Agree Realty Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap5.7 B5.4 B2.7 B
Slightly volatile
Enterprise Value7.9 B7.6 B3.7 B
Slightly volatile

Agree Fundamental Market Drivers

Forward Price Earnings37.8788
Cash And Short Term Investments10.9 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 Revenue618.1 M649 M
Cost Of Revenue76.7 M80.6 M
Stock Based Compensation To Revenue 0.02  0.03 
Sales General And Administrative To Revenue 0.06  0.08 
Revenue Per Share 6.49  5.10 
Ebit Per Revenue 0.54  0.67 

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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?
Details
Largest Retail REITs Companies
View
Largest Equity Real Estate Investment Trusts (REITs) Companies
View
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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
0.032
Dividend Share
2.982
Earnings Share
1.81
Revenue Per Share
5.985
Quarterly Revenue Growth
0.128
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.
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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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