Agree Financial Statements From 2010 to 2024

Stocks . USA . 
Stock . Agree Realty
ADC Stock  USD 76.45  0.67  0.87%   
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
377.5 M
Profit Margin
0.3162
Market Capitalization
8.3 B
Enterprise Value Revenue
18.5479
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 2024 to make sure the company is sustainable down the road. The current year's Market Cap is expected to grow to about 6.3 B. The current year's Enterprise Value is expected to grow to about 8.8 B

Agree Realty Total Revenue

564.37 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 219.8 M, Interest Expense of 85.2 M or Selling General Administrative of 36.5 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 Assets8.2 B7.8 B2.8 B
Slightly volatile
Short and Long Term Debt Total2.1 B2.4 B3.9 B
Pretty Stable
Total Stockholder Equity5.5 B5.2 B1.8 B
Slightly volatile
Property Plant And Equipment Net7.1 B6.8 B2.7 B
Slightly volatile
Net Debt2.5 B2.4 B870.4 M
Slightly volatile
Non Current Assets Total8.1 B7.7 B2.7 B
Slightly volatile
Other Assets7 B6.7 B2 B
Slightly volatile
Cash And Short Term Investments10.8 M10.9 M18.6 M
Slightly volatile
Common Stock Shares Outstanding100.2 M95.4 M39.3 M
Slightly volatile
Liabilities And Stockholders Equity8.2 B7.8 B2.8 B
Slightly volatile
Non Current Liabilities Total393.7 M737.6 M646.8 M
Slightly volatile
Other Stockholder Equity5.6 B5.4 B1.9 B
Slightly volatile
Total Liabilities2.7 B2.6 B960.5 M
Slightly volatile
Property Plant And Equipment Gross204 M312.2 M257.2 M
Slightly volatile
Total Current Assets106.2 M101.1 M53 M
Slightly volatile
Total Current Liabilities93.8 M89.3 M49.9 M
Slightly volatile
Accounts Payable54.6 M52 M28.1 M
Slightly volatile
Cash11.2 M10.9 M18.6 M
Slightly volatile
Net Receivables87.1 M83 M28.1 M
Slightly volatile
Common Stock Total Equity10.9 K10.3 K4.4 K
Slightly volatile
Common Stock10.5 K10 K4.3 K
Slightly volatile
Short Term Debt6.2 M6.6 M3 B
Slightly volatile
Other Liabilities59.4 M56.6 M25 M
Slightly volatile
Long Term Debt2.5 B2.4 B865.2 M
Slightly volatile
Intangible Assets896.8 M854.1 M321.5 M
Slightly volatile
Net Tangible Assets4.4 B4.2 B1.5 B
Slightly volatile
Noncontrolling Interest In Consolidated Entity1.8 M1.3 M2.2 M
Slightly volatile
Long Term Debt Total2.3 B2.2 B843.1 M
Slightly volatile
Capital Surpluse5.6 B5.4 B1.9 B
Slightly volatile
Deferred Long Term Liabilities965.3 M919.4 M279.8 M
Slightly volatile
Property Plant Equipment7 B6.7 B2.4 B
Slightly volatile
Short and Long Term Debt182.7 M144 M214 M
Slightly volatile
Long Term Investments2.9 M2.9 M2.2 M
Slightly volatile
Non Current Liabilities Other31.2 M36.8 M17.2 M
Slightly volatile
Cash And Equivalents26.4 M25 M32.2 M
Pretty Stable
Net Invested Capital4.5 B7.4 B2.9 B
Slightly volatile
Capital Stock96.3 M175 M41.4 M
Slightly volatile

Agree Realty Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization219.8 M209.4 M74.2 M
Slightly volatile
Selling General Administrative36.5 M34.8 M15 M
Slightly volatile
Total Revenue564.4 M537.5 M198 M
Slightly volatile
Gross Profit312.7 M297.8 M147.4 M
Slightly volatile
Other Operating Expenses297.3 M283.1 M99.6 M
Slightly volatile
Operating Income267.1 M254.4 M99 M
Slightly volatile
EBIT239.7 M228.3 M82.6 M
Slightly volatile
EBITDA459.5 M437.7 M156.8 M
Slightly volatile
Net Income178.5 M170 M70.7 M
Slightly volatile
Income Before Tax182.1 M173.5 M72.5 M
Slightly volatile
Cost Of Revenue251.6 M239.7 M51.2 M
Slightly volatile
Net Income Applicable To Common Shares174.6 M166.3 M70 M
Slightly volatile
Extraordinary Items196.7 K207 K796 K
Slightly volatile
Selling And Marketing Expenses75.2479.2172.1 K
Slightly volatile
Net Income From Continuing Ops173.8 M165.5 M72.3 M
Slightly volatile
Non Recurring867.8 K913.5 K2.4 M
Slightly volatile
Interest Income76.6 M73 M31.2 M
Slightly volatile
Tax Provision1.5 M2.9 M890.4 K
Slightly volatile
Reconciled Depreciation110.8 M201 M69.2 M
Slightly volatile
Preferred Stock And Other Adjustments5.3 M8.6 M3.1 M
Slightly volatile

Agree Realty Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow30.4 M28.9 M21.9 M
Slightly volatile
Depreciation183.3 M174.6 M62.7 M
Slightly volatile
Dividends Paid299.4 M285.1 M99.7 M
Slightly volatile
Total Cash From Operating Activities411.2 M391.6 M138.3 M
Slightly volatile
Net Income179.1 M170.5 M71.4 M
Slightly volatile
Total Cash From Financing Activities912.5 M869 M481.9 M
Slightly volatile
End Period Cash Flow11.9 M14.5 M21.1 M
Slightly volatile
Stock Based Compensation8.8 M8.3 M3.6 M
Slightly volatile
Issuance Of Capital Stock857.5 M795.9 M550.2 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio5.9611.148610.2619
Slightly volatile
Dividend Yield0.08470.04760.0496
Pretty Stable
PTB Ratio1.661.15251.462
Slightly volatile
Days Sales Outstanding59.1556.332141.163
Slightly volatile
Book Value Per Share57.3654.628435.3732
Slightly volatile
Operating Cash Flow Per Share2.224.11382.7356
Slightly volatile
Average Payables1.6 M2.6 M2.6 M
Pretty Stable
Stock Based Compensation To Revenue0.03010.01550.027
Slightly volatile
Capex To Depreciation0.00340.00360.8592
Slightly volatile
PB Ratio1.661.15251.462
Slightly volatile
EV To Sales8.8615.613814.4804
Slightly volatile
Net Income Per Share1.371.78541.612
Slightly volatile
Payables Turnover4.844.6081.5973
Slightly volatile
Sales General And Administrative To Revenue0.07820.06470.0966
Slightly volatile
Capex To Revenue0.0010.00110.1651
Slightly volatile
Cash Per Share0.110.11460.6022
Very volatile
POCF Ratio10.6515.302218.6839
Pretty Stable
Interest Coverage3.83.1363.3317
Slightly volatile
Payout Ratio1.651.67751.7741
Slightly volatile
Capex To Operating Cash Flow0.00160.00170.2994
Slightly volatile
Days Payables Outstanding75.2579.2103791
Slightly volatile
Income Quality1.292.29611.5967
Slightly volatile
ROE0.03110.03270.0509
Slightly volatile
EV To Operating Cash Flow23.1621.430929.0319
Slightly volatile
PE Ratio26.9835.257337.2415
Pretty Stable
Return On Tangible Assets0.04770.02460.0355
Very volatile
Earnings Yield0.02690.02840.036
Slightly volatile
Intangibles To Total Assets0.080.10990.0973
Slightly volatile
Net Debt To EBITDA3.695.48385.1625
Very volatile
Current Ratio0.05230.0551.2039
Pretty Stable
Tangible Book Value Per Share47.9445.656129.3741
Slightly volatile
Receivables Turnover6.166.479412.2947
Slightly volatile
Graham Number49.1846.841935.468
Slightly volatile
Shareholders Equity Per Share57.3554.618535.1417
Slightly volatile
Debt To Equity0.460.480.6928
Slightly volatile
Capex Per Share0.0040.00420.7699
Slightly volatile
Average Receivables78.1 M74.4 M39.2 M
Slightly volatile
Revenue Per Share5.15.64654.3405
Slightly volatile
Interest Debt Per Share0.810.852217.055
Pretty Stable
Debt To Assets0.50.330.3925
Slightly volatile
Enterprise Value Over EBITDA11.5319.175717.9856
Slightly volatile
Short Term Coverage Ratios74.0470.5147.7474
Slightly volatile
Price Earnings Ratio26.9835.257337.2415
Pretty Stable
Price Book Value Ratio1.661.15251.462
Slightly volatile
Days Of Payables Outstanding75.2579.2103791
Slightly volatile
Dividend Payout Ratio1.651.67751.7741
Slightly volatile
Price To Operating Cash Flows Ratio10.6515.302218.6839
Pretty Stable
Pretax Profit Margin0.530.32270.4293
Pretty Stable
Ebt Per Ebit0.970.68190.8032
Pretty Stable
Operating Profit Margin0.670.47330.5871
Slightly volatile
Company Equity Multiplier2.451.49541.8049
Slightly volatile
Long Term Debt To Capitalization0.520.340.3864
Slightly volatile
Total Debt To Capitalization0.520.340.4035
Slightly volatile
Return On Capital Employed0.08450.04280.0545
Slightly volatile
Debt Equity Ratio0.460.480.6928
Slightly volatile
Ebit Per Revenue0.670.47330.5871
Slightly volatile
Dividend Paid And Capex Coverage Ratio0.711.37351.2046
Slightly volatile
Net Income Per E B T0.680.97980.9537
Very volatile
Cash Ratio0.00560.00590.6208
Pretty Stable
Operating Cash Flow Sales Ratio0.480.72860.6194
Slightly volatile
Days Of Sales Outstanding59.1556.332141.163
Slightly volatile
Cash Flow Coverage Ratios0.140.170.1427
Pretty Stable
Price To Book Ratio1.661.15251.462
Slightly volatile
Fixed Asset Turnover0.07510.0793.9355
Pretty Stable
Capital Expenditure Coverage Ratio640609580
Slightly volatile
Price Cash Flow Ratio10.6515.302218.6839
Pretty Stable
Enterprise Value Multiple11.5319.175717.9856
Slightly volatile
Debt Ratio0.50.330.3925
Slightly volatile
Cash Flow To Debt Ratio0.140.170.1427
Pretty Stable
Price Sales Ratio5.9611.148610.2619
Slightly volatile
Return On Assets0.02080.02190.0305
Slightly volatile
Asset Turnover0.120.06910.0863
Slightly volatile
Net Profit Margin0.30.31620.3743
Very volatile
Gross Profit Margin0.960.55410.8718
Slightly volatile
Price Fair Value1.661.15251.462
Slightly volatile
Return On Equity0.03110.03270.0509
Slightly volatile

Agree Realty Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap6.3 B6 B2.6 B
Slightly volatile
Enterprise Value8.8 B8.4 B3.5 B
Slightly volatile

Agree Fundamental Market Drivers

Forward Price Earnings39.8406
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 Revenue537.5 M564.4 M
Cost Of Revenue239.7 M251.6 M
Stock Based Compensation To Revenue 0.02  0.03 
Sales General And Administrative To Revenue 0.06  0.08 
Revenue Per Share 5.65  5.10 
Ebit Per Revenue 0.47  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
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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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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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