Agree Financial Statements From 2010 to 2026

Stocks . USA . 
Stock . Agree Realty
ADC Stock  USD 81.82  0.10  0.12%   
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
630.3 M
Profit Margin
0.2845
Market Capitalization
9.9 B
Enterprise Value Revenue
18.4459
Revenue
718.4 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 7.5 B. The current year's Enterprise Value is expected to grow to about 10.7 B

Agree Realty Total Revenue

754.32 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 289.5 M, Interest Expense of 141.3 M or Selling General Administrative of 46.3 M, as well as many indicators such as Price To Sales Ratio of 6.38, Dividend Yield of 0.0825 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 Assets10.3 B9.8 B3.7 B
Slightly volatile
Short and Long Term Debt Total2.2 B3.4 B3.8 B
Pretty Stable
Total Stockholder Equity6.6 B6.3 B2.4 B
Slightly volatile
Property Plant And Equipment Net8.2 B7.8 B2.8 B
Slightly volatile
Net Debt3.5 B3.3 B1.2 B
Slightly volatile
Non Current Assets Total10.1 B9.7 B3.6 B
Slightly volatile
Other Assets9.1 B8.7 B2.4 B
Slightly volatile
Cash And Short Term Investments10.9 M16.3 M17.7 M
Pretty Stable
Common Stock Shares Outstanding116.8 M111.2 M48.1 M
Slightly volatile
Liabilities And Stockholders Equity10.3 B9.8 B3.7 B
Slightly volatile
Non Current Liabilities Total3.5 B3.4 B1.2 B
Slightly volatile
Other Stockholder Equity7 B6.7 B2.5 B
Slightly volatile
Total Liabilities3.7 B3.5 B1.3 B
Slightly volatile
Property Plant And Equipment Gross204 M312.2 M258.9 M
Slightly volatile
Total Current Assets150.3 M143.1 M64.5 M
Slightly volatile
Total Current Liabilities180.1 M171.5 M69.9 M
Slightly volatile
Accounts Payable146.4 M139.4 M48.1 M
Slightly volatile
Cash11.3 M16.3 M17.8 M
Pretty Stable
Net Receivables128.6 M122.5 M40.7 M
Slightly volatile
Common Stock Total Equity10.9 K10.3 K4.9 K
Slightly volatile
Common Stock12.6 K12 K5.2 K
Slightly volatile
Short Term Debt1.7 B2.9 B3 B
Pretty Stable
Other Liabilities59.4 M56.6 M27.9 M
Slightly volatile
Long Term Debt3.5 B3.3 B1.2 B
Slightly volatile
Intangible Assets1.1 B1 B402.5 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 Total3.5 B3.3 B1.2 B
Slightly volatile
Capital Surpluse7 B6.7 B2.5 B
Slightly volatile
Deferred Long Term Liabilities965.3 M919.4 M340.9 M
Slightly volatile
Property Plant Equipment9.1 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 Equivalents21.2 M16.3 M28.6 M
Slightly volatile
Net Invested Capital5.6 B9.4 B3.6 B
Slightly volatile
Capital Stock120.3 M175 M58.6 M
Slightly volatile
Capital Lease Obligations46.9 M60.2 M36.7 M
Slightly volatile

Agree Realty Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization289.5 M275.7 M93.8 M
Slightly volatile
Selling General Administrative46.3 M44.1 M18.6 M
Slightly volatile
Total Revenue754.3 M718.4 M259.7 M
Slightly volatile
Gross Profit661.8 M630.3 M228.4 M
Slightly volatile
Other Operating Expenses396.9 M378 M128.7 M
Slightly volatile
Operating Income357.4 M340.4 M131.7 M
Slightly volatile
EBIT358.4 M341.3 M130.8 M
Slightly volatile
EBITDA647.9 M617.1 M224.6 M
Slightly volatile
Total Operating Expenses304.3 M289.9 M97.5 M
Slightly volatile
Net Income214.6 M204.3 M87.7 M
Slightly volatile
Income Before Tax217.1 M206.7 M89.8 M
Slightly volatile
Cost Of Revenue92.6 M88.1 M31.7 M
Slightly volatile
Net Income Applicable To Common Shares206.3 M196.5 M85.6 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 Ops215.2 M205 M89.5 M
Slightly volatile
Non Recurring867.8 K913.5 K2.2 M
Slightly volatile
Interest Income141.3 M134.6 M46.2 M
Slightly volatile
Tax Provision1.9 M1.7 M1.2 M
Slightly volatile
Reconciled Depreciation149.3 M275.7 M93.7 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 Flow11.6 M6.4 M19.4 M
Slightly volatile
Depreciation289.5 M275.7 M93.9 M
Slightly volatile
Total Cash From Operating Activities529.3 M504.1 M184.1 M
Slightly volatile
Net Income215.2 M205 M88.4 M
Slightly volatile
Total Cash From Financing Activities1.1 B1.1 B524.7 M
Slightly volatile
End Period Cash Flow12.3 M20.6 M20.7 M
Pretty Stable
Stock Based Compensation13.6 M13 M4.9 M
Slightly volatile
Issuance Of Capital Stock822.9 M904.3 M560.3 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio6.3811.101710.7072
Slightly volatile
Dividend Yield0.08250.04360.0487
Pretty Stable
PTB Ratio1.651.27181.4402
Slightly volatile
Days Sales Outstanding65.3462.227545.0293
Slightly volatile
Book Value Per Share59.4756.63837.8737
Slightly volatile
Operating Cash Flow Per Share2.34.55312.9376
Slightly volatile
Average Payables1.6 M2.6 M2.6 M
Pretty Stable
Stock Based Compensation To Revenue0.03060.01810.0267
Slightly volatile
Capex To Depreciation0.00340.00360.7586
Slightly volatile
PB Ratio1.651.27181.4402
Slightly volatile
EV To Sales9.5415.74915.1963
Slightly volatile
ROIC0.04460.03510.041
Slightly volatile
Net Income Per Share1.381.84561.6416
Slightly volatile
Payables Turnover0.60.63241.0469
Slightly volatile
Sales General And Administrative To Revenue0.07980.06130.0958
Slightly volatile
Capex To Revenue0.0010.00110.1578
Slightly volatile
Cash Per Share0.140.14720.5289
Pretty Stable
POCF Ratio10.7815.819918.3939
Slightly volatile
Interest Coverage3.732.52873.3888
Slightly volatile
Payout Ratio1.661.70341.7629
Slightly volatile
Capex To Operating Cash Flow0.00160.00170.2643
Slightly volatile
Days Payables Outstanding328577431
Slightly volatile
Income Quality1.332.45931.6897
Slightly volatile
ROE0.0310.03260.0488
Slightly volatile
EV To Operating Cash Flow23.4622.442428.4456
Slightly volatile
PE Ratio20.3139.028436.9781
Pretty Stable
Return On Tangible Assets0.04640.02320.0341
Pretty Stable
Earnings Yield0.02430.02560.0347
Slightly volatile
Intangibles To Total Assets0.080.10220.0979
Slightly volatile
Net Debt To EBITDA3.425.41055.1453
Very volatile
Current Ratio0.70.83421.2215
Pretty Stable
Tangible Book Value Per Share49.9847.597831.5413
Slightly volatile
Receivables Turnover5.575.865610.9176
Slightly volatile
Graham Number50.9248.49637.0683
Slightly volatile
Shareholders Equity Per Share59.4756.636537.6696
Slightly volatile
Debt To Equity0.510.5350.6657
Slightly volatile
Capex Per Share0.0040.00420.6798
Slightly volatile
Average Receivables5.6 M5.4 M4.9 M
Slightly volatile
Revenue Per Share3.666.48824.3654
Slightly volatile
Interest Debt Per Share33.0931.515722.2268
Slightly volatile
Debt To Assets0.450.34240.3777
Slightly volatile
Enterprise Value Over EBITDA10.8218.335417.6698
Slightly volatile
Short Term Coverage Ratios1.911.392.2711
Very volatile
Price Earnings Ratio20.3139.028436.9781
Pretty Stable
Price Book Value Ratio1.651.27181.4402
Slightly volatile
Days Of Payables Outstanding328577431
Slightly volatile
Dividend Payout Ratio1.661.70341.7629
Slightly volatile
Price To Operating Cash Flows Ratio10.7815.819918.3939
Slightly volatile
Pretax Profit Margin0.440.28780.399
Pretty Stable
Ebt Per Ebit0.830.60730.7548
Slightly volatile
Operating Profit Margin0.680.47380.5944
Slightly volatile
Company Equity Multiplier2.411.56241.7727
Slightly volatile
Long Term Debt To Capitalization0.50.34440.3786
Slightly volatile
Total Debt To Capitalization0.50.34850.3924
Slightly volatile
Return On Capital Employed0.03360.03540.0491
Slightly volatile
Debt Equity Ratio0.510.5350.6657
Slightly volatile
Ebit Per Revenue0.680.47380.5944
Slightly volatile
Quick Ratio0.640.83421.1144
Very volatile
Dividend Paid And Capex Coverage Ratio0.741.44831.2316
Slightly volatile
Net Income Per E B T1.210.98851.1063
Slightly volatile
Cash Ratio0.09020.0950.5656
Slightly volatile
Operating Cash Flow Sales Ratio0.50.70180.6509
Slightly volatile
Days Of Sales Outstanding65.3462.227545.0293
Slightly volatile
Cash Flow Coverage Ratios0.150.15030.1445
Pretty Stable
Price To Book Ratio1.651.27181.4402
Slightly volatile
Fixed Asset Turnover0.130.09490.0957
Slightly volatile
Capital Expenditure Coverage Ratio640609591
Slightly volatile
Price Cash Flow Ratio10.7815.819918.3939
Slightly volatile
Enterprise Value Multiple10.8218.335417.6698
Slightly volatile
Debt Ratio0.450.34240.3777
Slightly volatile
Cash Flow To Debt Ratio0.150.15030.1445
Pretty Stable
Price Sales Ratio6.3811.101710.7072
Slightly volatile
Return On Assets0.01980.02090.0294
Slightly volatile
Asset Turnover0.120.07330.0822
Slightly volatile
Net Profit Margin0.30.28450.3752
Very volatile
Gross Profit Margin0.980.87730.8963
Pretty Stable
Price Fair Value1.651.27181.4402
Slightly volatile
Return On Equity0.0310.03260.0488
Slightly volatile

Agree Realty Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap7.5 B7.2 B3.2 B
Slightly volatile
Enterprise Value10.7 B10.2 B4.5 B
Slightly volatile

Agree Fundamental Market Drivers

Forward Price Earnings40.3226
Cash And Short Term Investments16.3 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 Revenue718.4 M754.3 M
Cost Of Revenue88.1 M92.6 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  3.66 
Ebit Per Revenue 0.47  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:
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What is Agree Realty's Net Worth?
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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 CEOs Directory module to screen CEOs from public companies around the world.
Will Retail REITs sector continue expanding? Could Agree diversify its offerings? 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. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Agree Realty data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth
0.14
Dividend Share
3.081
Earnings Share
1.77
Revenue Per Share
6.488
Quarterly Revenue Growth
0.185
Understanding Agree Realty requires distinguishing between market price and book value, where the latter reflects Agree's accounting equity. The concept of intrinsic value - what Agree Realty's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Agree Realty's price substantially above or below its fundamental value.
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Z Score
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Piotroski
F Score
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Beneish
M Score
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Analysis
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Buy or Sell
Advice
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Earnings
Projections
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Understanding that Agree Realty's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Agree Realty represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. In contrast, Agree Realty's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.
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