Agree Financial Statements From 2010 to 2025

Stocks . USA . 
Stock . Agree Realty
ADC Stock  USD 77.16  0.28  0.36%   
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
542.2 M
Profit Margin
0.3066
Market Capitalization
8.3 B
Enterprise Value Revenue
18.2234
Revenue
617.1 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 7.5 B. The current year's Enterprise Value is expected to grow to about 9.9 B

Agree Realty Total Revenue

647.95 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 252.2 M, Interest Expense of 114.3 M or Selling General Administrative of 39.1 M, as well as many indicators such as Price To Sales Ratio of 6.06, Dividend Yield of 0.001 or PTB Ratio of 1.65. 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 Assets8.9 B8.5 B3.2 B
Slightly volatile
Short and Long Term Debt Total2.1 B2.3 B3.8 B
Pretty Stable
Total Stockholder Equity5.8 B5.5 B2.1 B
Slightly volatile
Property Plant And Equipment Net8.2 B7.8 B3.1 B
Slightly volatile
Net Debt2.4 B2.3 B949.8 M
Slightly volatile
Non Current Assets Total1.3 B864.9 M2.2 B
Slightly volatile
Other Assets9.1 B8.6 B2.6 B
Slightly volatile
Cash And Short Term Investments10.7 M6.4 M17.8 M
Pretty Stable
Common Stock Shares Outstanding107 M101.9 M43.6 M
Slightly volatile
Liabilities And Stockholders Equity8.9 B8.5 B3.2 B
Slightly volatile
Non Current Liabilities Total466.4 M695.8 M761.3 M
Slightly volatile
Other Stockholder Equity5.6 B5.3 B2.1 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 Assets118.5 M112.8 M57.5 M
Slightly volatile
Total Current Liabilities2.4 B2.3 B333.1 M
Slightly volatile
Accounts Payable122.1 M116.3 M37.8 M
Slightly volatile
Cash11.1 M6.4 M17.8 M
Pretty Stable
Net Receivables111.7 M106.4 M34.5 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 Debt2.7 B2.3 B3.2 B
Pretty Stable
Other Liabilities59.4 M56.6 M26.6 M
Slightly volatile
Long Term Debt2.9 B2.8 B1 B
Slightly volatile
Intangible Assets908.2 M864.9 M356.1 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 Capital5 B8.1 B3.2 B
Slightly volatile
Capital Stock110 M201.3 M52.3 M
Slightly volatile
Capital Lease Obligations42 M46.2 M34.9 M
Slightly volatile

Agree Realty Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization252.2 M240.2 M86.6 M
Slightly volatile
Selling General Administrative39.1 M37.2 M16.5 M
Slightly volatile
Total Revenue647.9 M617.1 M229.4 M
Slightly volatile
Gross Profit569.4 M542.2 M198.9 M
Slightly volatile
Other Operating Expenses330.6 M314.9 M115.2 M
Slightly volatile
Operating Income317.4 M302.2 M114.8 M
Slightly volatile
EBIT318.2 M303 M102.9 M
Slightly volatile
EBITDA570.4 M543.3 M189.6 M
Slightly volatile
Net Income199.3 M189.8 M79.5 M
Slightly volatile
Income Before Tax203.8 M194.1 M81.5 M
Slightly volatile
Cost Of Revenue78.6 M74.8 M31.1 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 Ops199.3 M189.8 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 Provision4.5 M4.3 M1.3 M
Slightly volatile
Reconciled Depreciation130 M240.2 M81.1 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 Flow11.8 M14.5 M20.2 M
Slightly volatile
Depreciation252.2 M240.2 M80.3 M
Slightly volatile
Dividends Paid7.1 M7.4 M75.7 M
Slightly volatile
Total Cash From Operating Activities453.6 M432 M159.3 M
Slightly volatile
Net Income199.3 M189.8 M80.1 M
Slightly volatile
Total Cash From Financing Activities238.8 M445.3 M437.5 M
Slightly volatile
End Period Cash Flow11.7 M6.4 M20.2 M
Slightly volatile
Stock Based Compensation11.3 M10.8 M4.2 M
Slightly volatile
Issuance Of Capital Stock798.4 M402.9 M537.3 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio6.0611.541910.3481
Slightly volatile
Dividend Yield0.0010.0010.0413
Slightly volatile
PTB Ratio1.651.29261.4508
Slightly volatile
Days Sales Outstanding66.0962.94342.958
Slightly volatile
Book Value Per Share57.2354.507436.5609
Slightly volatile
Operating Cash Flow Per Share2.264.27282.8341
Slightly volatile
Average Payables1.6 M2.6 M2.6 M
Pretty Stable
Stock Based Compensation To Revenue0.02950.01750.0263
Slightly volatile
Capex To Depreciation0.00340.00360.8058
Slightly volatile
PB Ratio1.651.29261.4508
Slightly volatile
EV To Sales8.9815.226214.5345
Slightly volatile
Net Income Per Share1.371.87771.6286
Slightly volatile
Payables Turnover1.290.64371.108
Pretty Stable
Sales General And Administrative To Revenue0.07720.06030.0942
Slightly volatile
Capex To Revenue0.0010.00110.1548
Slightly volatile
Cash Per Share0.06010.06330.5654
Pretty Stable
POCF Ratio10.7316.488218.5517
Slightly volatile
Interest Coverage3.742.77533.2932
Slightly volatile
Payout Ratio0.03720.03921.5649
Slightly volatile
Capex To Operating Cash Flow0.00160.00170.2807
Slightly volatile
Days Payables Outstanding842567838
Slightly volatile
Income Quality1.32.27551.6397
Slightly volatile
ROE0.03270.03450.05
Slightly volatile
EV To Operating Cash Flow23.1821.751428.5781
Slightly volatile
PE Ratio19.9637.519736.8202
Slightly volatile
Return On Tangible Assets0.04710.02490.0348
Very volatile
Earnings Yield0.02530.02670.0353
Slightly volatile
Intangibles To Total Assets0.080.10190.0976
Slightly volatile
Net Debt To EBITDA3.674.1855.0807
Pretty Stable
Current Ratio0.0470.04951.1987
Slightly volatile
Tangible Book Value Per Share48.2545.952130.4296
Slightly volatile
Receivables Turnover5.515.798911.8481
Slightly volatile
Graham Number50.3847.98536.3253
Slightly volatile
Shareholders Equity Per Share57.2354.501436.3442
Slightly volatile
Debt To Equity0.390.41380.6501
Slightly volatile
Capex Per Share0.0040.00420.722
Slightly volatile
Average Receivables70.3 M67 M40.5 M
Slightly volatile
Revenue Per Share5.156.10394.4539
Slightly volatile
Interest Debt Per Share14.2523.62919.4918
Slightly volatile
Debt To Assets0.440.26870.3687
Slightly volatile
Enterprise Value Over EBITDA11.5817.295417.8776
Slightly volatile
Short Term Coverage Ratios0.160.1735.7613
Slightly volatile
Price Earnings Ratio19.9637.519736.8202
Slightly volatile
Price Book Value Ratio1.651.29261.4508
Slightly volatile
Days Of Payables Outstanding842567838
Slightly volatile
Dividend Payout Ratio0.03720.03921.5649
Slightly volatile
Price To Operating Cash Flows Ratio10.7316.488218.5517
Slightly volatile
Pretax Profit Margin0.530.31460.4222
Slightly volatile
Ebt Per Ebit0.960.64230.7925
Pretty Stable
Operating Profit Margin0.660.48980.5804
Slightly volatile
Company Equity Multiplier2.431.54021.7871
Slightly volatile
Long Term Debt To Capitalization0.510.360.3827
Slightly volatile
Total Debt To Capitalization0.480.29270.3866
Slightly volatile
Return On Capital Employed0.08320.04870.0535
Slightly volatile
Debt Equity Ratio0.390.41380.6501
Slightly volatile
Ebit Per Revenue0.660.48980.5804
Slightly volatile
Dividend Paid And Capex Coverage Ratio60.9958.08428.5271
Slightly volatile
Net Income Per E B T0.690.97780.9559
Very volatile
Cash Ratio0.00270.00280.5893
Pretty Stable
Operating Cash Flow Sales Ratio0.480.70.6244
Slightly volatile
Days Of Sales Outstanding66.0962.94342.958
Slightly volatile
Cash Flow Coverage Ratios0.170.18950.1504
Slightly volatile
Price To Book Ratio1.651.29261.4508
Slightly volatile
Fixed Asset Turnover0.06750.07113.6935
Pretty Stable
Capital Expenditure Coverage Ratio640609586
Slightly volatile
Price Cash Flow Ratio10.7316.488218.5517
Slightly volatile
Enterprise Value Multiple11.5817.295417.8776
Slightly volatile
Debt Ratio0.440.26870.3687
Slightly volatile
Cash Flow To Debt Ratio0.170.18950.1504
Slightly volatile
Price Sales Ratio6.0611.541910.3481
Slightly volatile
Return On Assets0.02130.02240.0301
Slightly volatile
Asset Turnover0.120.07270.0854
Slightly volatile
Net Profit Margin0.30.30760.3701
Very volatile
Gross Profit Margin0.980.87870.8936
Slightly volatile
Price Fair Value1.651.29261.4508
Slightly volatile
Return On Equity0.03270.03450.05
Slightly volatile

Agree Realty Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap7.5 B7.1 B2.9 B
Slightly volatile
Enterprise Value9.9 B9.4 B3.9 B
Slightly volatile

Agree Fundamental Market Drivers

Forward Price Earnings44.4444
Cash And Short Term Investments6.4 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 Revenue617.1 M647.9 M
Cost Of Revenue74.8 M78.6 M
Stock Based Compensation To Revenue 0.02  0.03 
Sales General And Administrative To Revenue 0.06  0.08 
Revenue Per Share 6.10  5.15 
Ebit Per Revenue 0.49  0.66 

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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
Details
Is Agree Stock a good investment?
Details
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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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
(0.06)
Dividend Share
3
Earnings Share
1.78
Revenue Per Share
6.104
Quarterly Revenue Growth
0.115
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.
Altman
Z Score
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Piotroski
F Score
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Beneish
M Score
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Financial
Analysis
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Buy or Sell
Advice
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Earnings
Projections
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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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