ADC
Agree Realty Corporation
NYSE · USReal EstateREIT - Retail
$80.57-0.68%
Price as of Jul 20, 2026
ADC financials
Agree Realty Corporation financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $718.4M | $617.1M | $537.5M | $429.8M |
| Cost of revenue | $88.1M | $74.8M | $66.7M | $52.3M |
| Gross profit | $630.3M | $542.2M | $470.8M | $377.5M |
| Operating expenses | $289.9M | $240.0M | $216.4M | $159.4M |
| Operating income | $340.4M | $302.2M | $254.4M | $218.1M |
| Net income | $204.3M | $189.2M | $170.0M | $152.4M |
| EBITDA | $617.1M | $543.3M | $463.9M | $386.2M |
| Basic EPS | $1.77 | $1.79 | $1.70 | $1.84 |
| Diluted EPS | $1.77 | $1.78 | $1.70 | $1.83 |
| Balance sheet | ||||
| Cash & equivalents | $16.3M | $6.4M | $10.9M | $27.8M |
| Total assets | $9.8B | $8.5B | $7.8B | $6.7B |
| Total liabilities | $3.5B | $3.0B | $2.6B | $2.1B |
| Stockholders’ equity | $6.3B | $5.5B | $5.2B | $4.6B |
| Total debt | $3.4B | $2.8B | $2.4B | $2.0B |
| Net debt | $3.3B | $2.8B | $2.4B | $1.9B |
| Cash flow | ||||
| Operating cash flow | $504.1M | $432.0M | $391.6M | $362.1M |
| Capital expenditure | $0.00 | $0.00 | $0.00 | $0.00 |
| Free cash flow | $504.1M | $432.0M | $391.6M | $362.1M |
| Dividends paid | -$348.1M | -$311.0M | -$285.1M | -$227.7M |
| Share repurchases | -$3.7M | -$2.3M | -$2.7M | -$1.9M |