ADC - Intrinsic Value and Financial Analysis - Agree Realty Corporation

Agree Realty Corporation ADC

Real Estate - REIT - Retail - NYSE - US

Watchlist

$ 75.97

0.503 %

$ 7.86 B

Market Cap

41.97

P/E

BALANCE SHEET

7.77 B ASSETS

Growth Rates

1Year 15.81%

3Years 26.01%

5Years 30.83%

7Years 32.03%

10Years 32.60%

2.57 B LIABILITIES

Growth Rates

1Year 23.62%

3Years 23.71%

5Years 26.66%

7Years 29.29%

10Years 31.19%

5.2 B EQUITY

Growth Rates

1Year 12.32%

3Years 27.23%

5Years 33.28%

7Years 33.64%

10Years 33.48%

BALANCE SHEET DECOMPOSITION

Balance Sheet Decomposition Agree Realty Corporation

7.77 B ASSETS
2.57 B LIABILITIES

Current Assets	101 M
Cash & Short-Term Investments	10.9 M
Receivables	83 M
Other Current Assets	7.26 M
Non-Current Assets	7.67 B
Long-Term Investments	0
PP&E	6.8 B
Other Non-Current Assets	870 M

Current Liabilities	1.84 B
Accounts Payable	26.5 M
Short-Term Debt	6.55 M
Other Current Liabilities	1.8 B
Non-Current Liabilities	2.49 B
Long-Term Debt	65.9 M
Other Non-Current Liabilities	2.42 B

Balance Sheet

Millions

	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	Dec-2005	Dec-2004	Dec-2003	Dec-2002	Dec-2001	Dec-2000	Dec-1999	Dec-1998	Dec-1997	Dec-1996	Dec-1995	Dec-1994
ASSETS
Cash & Cash Equivalents	10.9	27.8	43.3	6.1	15.6	54.0	50.8	33.4	2.7	5.4	14.5	1.3	2.0	0.6	0.7	0.7	0.5	0.5	5.7	0.6	1.0	1.1	1.1	1.1	1.1	1.0	1.8	0.3	0	0
Short Term Investments	0	0	1.9	2.3	0.6	0	1.6	1.4	98 K	0.3	0.7	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.3
Receivables	83.0	65.8	53.4	37.8	26.8	21.5	15.5	11.5	7.4	4.5	3.3	2.2	0.8	1.3	2.0	1.0	0.8	0.7	0.7	0.6	0	0.8	0.7	0.7	0.6	0.6	0.5	0.6	0	0
Inventory	0	95.9	106.4	48.8	3.8	0	2.4	(1.4)	98 K	(0.3)	4.8	4.5	0	0	1.9	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	7.3	1.1	7.7	3.0	30.3	20 K	10.4	0	0	0	0	0	0	0	0	0	0	(1.2)	(6.4)	(1.2)	0	0	0	0	0	0	0	0	0	0
Total Current Assets	101.1	94.8	104.4	47.0	72.7	75.5	76.7	44.9	10.1	9.9	22.6	8.0	21.5	1.9	5.4	1.6	1	1	1	1	1	1.9	1.8	1.9	1.6	1.6	2.3	0.9	0	0.3
PP&E	6 803.5	5 802.0	6.3	3 348.7	2 218.6	1 661.3	1 214.0	950.3	699.4	530.1	405.9	335.4	271.5	265.6	256.4	252.8	235.8	219.9	214.6	211.6	182.7	173.5	162.9	161.1	153.5	143.9	122.7	115.1	103.6	84.3
Intangible Assets	854.1	799.4	672.0	473.6	343.5	280.2	195.2	109.8	76.6	47.5	27.7	21.3	16.2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Goodwill	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
Long Term Investments	0	(6 713.2)	1.9	2.3	0.6	(1 661.3)	(1 214.0)	(950.3)	98 K	(530.1)	(405.9)	(335.4)	0	0	0	0	0	0	0	0	0.3	0.3	0.3	0.3	0.4	1.1	1.8	1.8	0	0
Other Long Term Assets	16.1	17.0	4 444.2	3 363.3	2 247.7	1 672.0	1 222.3	956.5	705.9	(168.8)	(292.6)	(364.2)	(15.2)	(687.5)	(705.0)	(702.6)	(235.8)	(219.9)	(214.6)	(211.6)	(183.1)	(173.8)	(163.1)	(161.4)	(154.0)	(145.0)	(124.5)	(117.0)	(103.6)	(84.3)
Other Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	367	0	5.3	3.5	3.6	8.9	4.1	8.6	2.4	2.6	2.8	2.6	3.0	3.7	3.5	108.9	5.1
Total Assets	7 774.8	6 713.2	5 226.9	3 886.2	2 664.5	2 028.2	1 494.6	1 111.9	792.5	593.6	462.7	370.1	293.9	285.0	261.8	262.2	239.3	223.5	223.5	215.7	191.7	178.2	167.5	166.1	158.2	149.6	130.5	121.4	108.9	89.7
LIABILITIES
Accounts Payable	26.5	83.7	70.0	71.4	49.0	21.0	11.2	5.5	2.9	2.9	3.0	2.1	3.8	1.7	1.9	1.3	2.6	1.9	1.4	1.8	2.0	1.8	1.8	2.1	2.2	2.2	2.1	1.3	0	0
Short Term Debt	6.6	4.6	0.8	1.0	3.7	19.0	14.0	14.0	0	15.0	9.5	43.5	56.4	4.3	29.0	0	0	0	0	0	0	0	0	0	0	41.3	51.0	0	0	0
Other Current Liabilities	1 804.1	(19.4)	1 455.0	816.1	493.2	2.0	5.7	1.3	10.7	(6.2)	(2.8)	(38.5)	0.3	1.1	(34.4)	38.5	4.5	(1.9)	(1.4)	(1.8)	(2.0)	8.4	8.4	8.4	8.6	(43.5)	(53.1)	7.7	0	0
Total Current Liabilities	1 837.1	106.1	86.9	105.9	74.0	35.7	30.9	20.9	14.8	8.0	6.2	4.7	62.9	7.1	122.0	6.8	25.1	24.3	24.6	25.1	11.5	10.2	10.2	10.5	10.8	10.9	10.3	9.0	0	0
Long Term Debt	65.9	2 002.7	1 744.9	1 253.0	868.6	306.5	519.6	431.0	319.6	221.8	158.4	160.9	65.0	99.9	0	0	36.8	68.8	68.2	93.0	84.0	115.3	105.7	87.5	95.4	77.6	65.2	77.3	73.6	54.3
Deferred Tax Income	0	67.3	58.1	35.7	26.7	0.5	0.5	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	2 419.5	11.1	(1 464.9)	(781.5)	(441.5)	(385.4)	59.0	(28.0)	3.3	6.0	3.7	3.9	2.9	5.2	(0.8)	57.0	(9.3)	(80.9)	(81.0)	(106.5)	(84.0)	(115.3)	(105.7)	(87.5)	(95.4)	(77.6)	(65.2)	(77.3)	(73.6)	(54.3)
Total Liabilities	2 574.7	2 082.8	1 807.6	1 359.9	973.0	789.7	583.4	426.4	338.9	237.5	170.5	172.1	131.7	117.9	122.0	124.3	101.8	87.2	86.9	112.2	89.7	119.8	110.2	108.9	100.3	90.2	69.9	91.1	77.5	56.4
EQUITY
Common Stock	10 K	9 K	7 K	6 K	5 K	4 K	3 K	3 K	2 K	2 K	1 K	1 K	1 K	1 K	1 K	1 K	775	775	772	649	643	445	442	440	436	435	433	265	0	0
Retained Earnings	(346.5)	(228.1)	(147.4)	(91.3)	(57.1)	(42.9)	(28.8)	(28.6)	(28.3)	(32.6)	(23.9)	(21.2)	(20.9)	(14.7)	(10.6)	(11.3)	(10.6)	(10.9)	(9.7)	(10.7)	(11.2)	(11.1)	(11.7)	(11.7)	(10.7)	(9.4)	(7.5)	(5.6)	(4.6)	(3.1)
Other Accumulative Comprehensive Income/Loss	16.6	23.6	(5.5)	(36.3)	(6.5)	1.4	1.4	(0.5)	(3.1)	(2.1)	0.5	(1.3)	(0.6)	(0.8)	71 K	(58.5)	(53.3)	(48.4)	(43.8)	(41.7)	(38.5)	(37.5)	(33.6)	(29.9)	(26.3)	(23.0)	(20.0)	(17.3)	0	0
Total Equity	5 200.2	4 630.4	3 419.3	2 526.2	1 691.6	1 238.5	911.2	685.5	453.6	356.0	292.2	198.0	162.2	167.1	139.8	138.0	137.5	136.3	136.6	103.5	102.0	58.4	57.3	57.1	57.9	59.5	60.6	30.3	31.4	33.3
Total Liabilities and Equity	7 774.8	6 713.2	5 226.9	3 886.2	2 664.5	2 028.2	1 494.6	1 111.9	792.5	593.6	462.7	370.1	293.9	285.0	261.8	262.2	239.3	223.5	223.5	215.7	191.7	178.2	167.5	166.1	158.2	149.6	130.5	121.4	108.9	89.7
SHARES OUTSTANDING
Common Shares Outstanding	95.2	78.7	66.8	51.8	40.6	32.1	27.6	22.9	18.0	14.9	13.1	11.1	9.6	9.8	7.9	7.7	7.7	7.6	7.5	6.5	4.9	4.4	4.4	4.4	4.4	4.4	3.7	2.6	2.6	3.2

Balance Sheet

Premium Plan

Unlimited Plan