ADC - NYSE

Agree Realty Corporation

ADC·NYSE

$72.03

-0.66%

Real EstateREIT - Retail

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol ADC.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$8.65B

EPS1.7700

P/E Ratio39.03

Earnings Date07/30/2026

9.80B

Assets

15%

3Y+46.0%

5Y+152.0%

10Y+781.0%

3.53B

Total Liabilities

19%

3Y+69.0%

5Y+159.0%

10Y+727.0%

6.27B

Total Equity

14%

3Y+35.0%

5Y+148.0%

10Y+815.0%

Agree Realty Corporation Funding & Solvency Profile

ADC · NYSE

Current Assets

Cash & Cash Equivalents16.30M

Net Receivables122.48M

Inventory0.00

Other Current Assets4.33M

Total Current Assets143 M

Non-Current Assets

Property, Plant & Equipment0.00

Goodwill & Intangible Assets1.00B

Long-Term Investments0.00

Other Non-Current Assets8.65B

Total Non-Current Assets9 B

Total Assets

9.80B

Financial Health Analysis

Current Ratio

0.83x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

0.56x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

-28443000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

1% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Negative working capital with limited cash reserves requires immediate attention—potential liquidity crisis if not addressed promptly.

Agree Realty Corporation Balance Sheet

ADC • NYSE

Agree Realty Corporation Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	16.3M	6.4M	10.9M	27.8M	43.3M	6.1M	15.6M	54M	50.8M	33.4M	2.7M	5.4M	14.5M	1.3M	2M	593K	688.7K	669K	544.6K	463.7K
Cash & Short-Term Investments	16.3M	6.4M	10.9M	27.8M	43.3M	6.1M	15.6M	54M	50.8M	33.4M	2.7M	5.4M	14.5M	1.3M	2M	593K	688.7K	669K	544.6K	463.7K
Net Receivables	122.5M	106.4M	83M	65.8M	53.4M	37.8M	26.8M	21.5M	15.5M	11.5M	7.4M	4.5M	3.3M	2.2M	801.7K	1.3M	2M	964.8K	770.4K	732.1K
Accounts Receivables	122.5M	106.4M	83M	65.8M	53.4M	37.8M	26.8M	21.5M	15.5M	11.5M	7.4M	4.5M	3.3M	2.2M	801.7K	1.3M	2M	964.8K	770.4K	732.1K
Inventory	0.0	0.0	0.0	0.0	0.0	0.0	3.8M	0.0	2.4M	-1.4M	-98K	-274K	4.8M	4.5M	0.0	0.0	0.0	0.0	0.0	0.0
Other Current Assets	4.3M	0.0	7.3M	1.1M	7.7M	3M	26.6M	20K	10.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.2M
Total Current Assets	143.1M	112.8M	101.1M	94.8M	104.4M	47M	72.7M	75.5M	76.7M	44.9M	10.1M	9.9M	22.6M	8M	2.8M	1.9M	2.7M	1.6M	0.0	0.0
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.7B	1.2B	950.3M	699.4M	530.1M	405.9M	335.4M	271.5M	265.6M	256.4M	252.8M	235.8M	219.9M
Intangible Assets	1B	864.9M	854.1M	799.4M	672M	473.6M	343.5M	280.2M	195.2M	109.8M	76.6M	47.5M	27.7M	21.3M	16.2M	0.0	0.0	0.0	0.0	0.0
Goodwill & Intangible Assets	1B	864.9M	854.1M	799.4M	672M	473.6M	343.5M	280.2M	195.2M	109.8M	76.6M	47.5M	27.7M	21.3M	16.2M	0.0	0.0	0.0	0.0	0.0
Long-Term Investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.7B	-1.2B	-950.3M	98K	-530.1M	-405.9M	-335.4M	0.0	0.0	0.0	0.0	0.0	0.0
Tax Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	475K	475K	705K	-699.5M	705M	705M	705M	0.0	705M	705M	705M	0.0	0.0
Other Non-Current Assets	8.7B	7.5B	6.8B	5.8B	4.5B	3.4B	2.2B	1.7B	1.2B	956.5M	705.9M	-168.8M	-292.6M	-364.2M	3.5M	-687.5M	-702.3M	-702.6M	-235.8M	-219.9M
Total Non-Current Assets	9.7B	8.4B	7.7B	6.6B	5.1B	3.8B	2.6B	2B	1.4B	1.1B	782.4M	583.7M	440.1M	362.1M	291.1M	283.1M	259.1M	255.3M	235.8M	219.9M
Other Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-367.0	0.0	5.3M	3.5M	3.6M
Total Assets	9.8B	8.5B	7.8B	6.7B	5.2B	3.9B	2.7B	2B	1.5B	1.1B	792.6M	593.6M	462.7M	370.1M	293.9M	285M	261.8M	262.2M	239.3M	223.5M
LIABILITIES
CURRENT LIABILITIES
Total Payables	171.5M	144.1M	126.9M	106.1M	86.9M	105.9M	74M	42.1M	11.2M	4.9M	12.6M	2.7M	2.9M	6.8M	7.9M	6.9M	6.2M	5.5M	6.8M	54.5M
Accounts Payable	139.4M	116.3M	101.4M	83.7M	70M	71.4M	49M	21M	11.2M	5.5M	2.9M	2.9M	3M	2.1M	3.8M	1.7M	1.9M	1.3M	2.6M	1.9M
Other Payables	32.2M	27.8M	25.5M	22.3M	16.9M	34.5M	25M	21M	0.0	-677K	-2.9M	-200.3K	-144.1K	4.7M	4.1M	5.1M	4.4M	4.2M	4.2M	52.6M
Accrued Expenses	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	3.4M	2.2M	963K	721.5K	470.9K	335.4K	734.2K	221.2K	261K	1.4M	329.2K	239.3K
Short Term Debt	0.0	0.0	0.0	0.0	160M	92M	89M	19M	14M	14M	0.0	15M	9.5M	43.5M	56.4M	4.3M	29M	0.0	0.0	0.0
Deferred Revenue	0.0	0.0	0.0	0.0	0.0	0.0	0.0	4.6M	1.8M	1.8M	-18M	1B	1.5B	1.9B	2.4M	9.3B	10M	10.7B	-689.6M	-689.6M
Other Current Liabilities	0.0	0.0	0.0	0.0	-160M	-92M	-89M	-19M	2.3M	-199K	0.0	-6.8M	-3.1M	-43.5M	0.0	-4.3M	0.0	32.9M	0.0	-54.8M
Total Current Liabilities	171.5M	144.1M	126.9M	106.1M	86.9M	105.9M	74M	35.7M	30.9M	20.9M	14.8M	8M	6.2M	4.7M	67.4M	7.1M	45.5M	6.8M	25.1M	24.3M
NON-CURRENT LIABILITIES
Long Term Debt	3.3B	2.8B	2.4B	1.9B	1.7B	1.2B	872.3M	720.4M	491.2M	400.9M	319.6M	221.8M	158.4M	160.9M	62.9M	95.6M	75.6M	0.0	79.8M	68.8M
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	4.6M	1.8M	1.8M	541K	1M	1.5M	1.9M	629.5K	9.3M	74.8K	10.7M	11.4M	12.1M
Deferred Tax Liabilities (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	475K	475K	705K	705K	705K	705K	705K	705K	705K	705K	705K	705K	0.0
Other Non-Current Liabilities	0.0	0.0	0.0	0.0	0.0	35.7M	26.7M	-385.4M	59M	-28M	3.3M	6M	3.7M	3.9M	84.3K	5.2M	97.3K	57M	-9.3M	-80.9M
Total Non-Current Liabilities	3.4B	2.8B	2.4B	2B	1.7B	1.3B	899M	754M	552.6M	405.5M	324.2M	229.5M	164.3M	167.4M	64.3M	110.8M	76.4M	112.1M	82.6M	68.8M
Other Liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	5.3M	-5.9M	-5.9M
Capital Lease Obligations	60.2M	46.2M	36.8M	36.7M	33.1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	3.5B	3B	2.6B	2.1B	1.8B	1.4B	973M	789.7M	583.4M	426.4M	338.9M	237.5M	170.5M	172.1M	131.7M	117.9M	122M	124.3M	101.8M	87.2M
SHAREHOLDERS' EQUITY
Preferred Stock	175M	175M	175M	175M	175M	0.0	0.0	0.0	0.0	0.0	0.0	153.0	838.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Common Stock	12K	10K	10K	9K	7K	6K	5K	4K	3K	3K	2K	2K	1K	1K	985.0	1K	820.0	1K	775.0	775.0
Additional Paid-In Capital	6.7B	5.8B	5.4B	4.7B	3.4B	2.7B	1.8B	1.3B	936M	712.1M	482.5M	388.3M	313M	217.8M	181.1M	179.7M	147.5M	143.9M	142.3M	141.3M
Retained Earnings	-618.7M	-470.6M	-346.5M	-228.1M	-147.4M	-91.3M	-57.1M	-42.9M	-28.8M	-28.6M	-28.3M	-32.6M	-23.9M	-21.2M	-20.9M	-14.7M	-10.6M	-11.3M	-10.6M	-10.9M
Accumulated Other Comprehensive Income/Loss	35.5M	40.1M	16.6M	23.6M	-5.5M	-36.3M	-6.5M	1.4M	1.4M	-536K	-3.1M	-2.1M	472K	-1.3M	-606.6K	-765K	-70.8K	-58.5M	-53.3M	-48.4M
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	32.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Stockholders' Equity	6.3B	5.5B	5.2B	4.6B	3.4B	2.5B	1.7B	1.2B	908.7M	683M	451.1M	353.6M	289.6M	195.3M	159.5M	164.2M	136.8M	132.6M	131.6M	130.4M
Total Equity	6.3B	5.5B	5.2B	4.6B	3.4B	2.5B	1.7B	1.2B	911.2M	685.5M	453.6M	356M	292.2M	198M	162.2M	167.1M	139.8M	138M	137.5M	136.3M
Minority Interest	168K	615K	942K	1.4M	1.6M	1.8M	2.2M	2.4M	2.5M	2.5M	2.5M	2.4M	2.6M	2.7M	2.7M	2.9M	3.1M	5.3M	5.9M	5.9M
SUMMARY
Total Liabilities & Equity	9.8B	8.5B	7.8B	6.7B	5.2B	3.9B	2.7B	2B	1.5B	1.1B	792.6M	593.6M	462.7M	370.1M	293.9M	285M	261.8M	262.2M	239.3M	223.5M
Total Investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.7B	-1.2B	-950.3M	98K	-530.1M	-405.9M	-335.4M	0.0	0.0	0.0	0.0	0.0	0.0
Total Debt	3.4B	2.8B	2.4B	2B	1.9B	1.3B	961.3M	720.4M	519.6M	400.9M	319.6M	221.8M	158.4M	160.9M	119.3M	99.9M	104.6M	32.9M	36.8M	68.8M
Net Debt	3.3B	2.8B	2.4B	1.9B	1.8B	1.3B	945.7M	666.5M	468.8M	367.5M	316.9M	216.4M	143.9M	159.6M	117.3M	99.3M	103.9M	32.3M	36.3M	68.3M
Shares Outstanding	107,887,044	107,887,044	107,887,044	107,887,044	107,887,044	107,887,044	107,887,044	107,887,044	107,887,044	107,887,044	107,887,044	107,887,044	107,887,044	107,887,044	107,887,044	107,887,044	107,887,044	107,887,044	107,887,044	107,887,044

SEC Filings

ADC - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 14, 2026	May 14, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 24, 2026	April 24, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 21, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 21, 2026	April 21, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 02, 2026	May 14, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 02, 2026	April 02, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 26, 2026	February 26, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 10, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 10, 2026	February 10, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 05, 2026	January 05, 2026	2026	View Filing

Showing 1 to 10 of 437 filings

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