Agree Realty Corporation (ADC)

ADC Balance Sheet

Assets, liabilities, and equity analysis

ADC Quarterly Balance Sheet (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Total Current Assets	154.694M	154.694M	143.099M	135.186M	120.501M	117.932M	112.815M	125.053M	119.107M
Cash & Cash Equivalents	25.077M	25.077M	16.295M	13.696M	5.824M	7.915M	6.399M	13.237M	9.639M
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	25.077M	25.077M	16.295M	13.696M	5.824M	7.915M	6.399M	13.237M	9.639M
Accounts Receivable	129.617M	129.617M	122.477M	117.602M	108.117M	105.485M	106.416M	98.205M	94.853M
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Assets	10.180B	10.180B	9.798B	9.484B	9.085B	8.801B	8.486B	8.184B	8.001B
Property, Plant & Equipment	8.886B	8.886B	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	1.033B	1.033B	1.001B	966.964M	923.092M	897.380M	864.937M	837.865M	837.991M
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Current Liabilities	186.229M	186.229M	171.542M	191.709M	408.128M	158.194M	144.115M	168.783M	131.921M
Accounts Payable	154.051M	154.051M	139.384M	161.782M	132.089M	129.652M	116.273M	142.196M	106.058M
Short-Term Debt	0.00	0.00	0.00	0.00	247.000M	0.00	0.00	0.00	0.00
Total Liabilities	3.946B	3.946B	3.526B	3.611B	3.430B	3.156B	2.976B	2.890B	2.838B
Long-Term Debt	3.228B	3.228B	3.295B	3.362B	2.973B	2.950B	2.785B	2.676B	2.669B
Total Debt	3.290B	3.290B	3.355B	3.419B	3.269B	2.997B	2.832B	2.721B	2.706B
Net Debt (Cash)	3.265B	3.265B	3.339B	3.405B	3.263B	2.990B	2.825B	2.708B	2.696B
Total Shareholders' Equity	6.239B	6.239B	6.271B	5.873B	5.654B	5.644B	5.510B	5.294B	5.162B
Common Stock	12K	12K	12K	11K	11K	11K	10K	10K	10K
Retained Earnings	-653.433M	-653.433M	-618.675M	-581.162M	-545.372M	-508.059M	-470.622M	-434.485M	-400.809M
Current Ratio	0.83	0.83	0.83	0.71	0.30	0.75	0.78	0.74	0.90
Debt to Equity Ratio	0.53	0.53	0.53	0.58	0.58	0.53	0.51	0.51	0.52

ADC Annual Balance Sheet (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	143.099M	112.815M	101.120M	94.750M	104.368M	46.962M	72.715M	75.522M
Cash & Cash Equivalents	16.295M	6.399M	10.907M	27.763M	43.252M	6.137M	15.603M	53.955M
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	16.295M	6.399M	10.907M	27.763M	43.252M	6.137M	15.603M	53.955M
Accounts Receivable	122.477M	106.416M	82.954M	65.841M	53.442M	37.808M	26.808M	21.547M
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	3.750M	0.00
Total Assets	9.798B	8.486B	7.775B	6.713B	5.227B	3.886B	2.665B	2.028B
Property, Plant & Equipment	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.661B
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	1.001B	864.937M	854.088M	799.448M	672.020M	473.592M	343.514M	280.153M
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.661B
Total Current Liabilities	171.542M	144.115M	126.935M	106.067M	86.886M	105.935M	74.001M	35.707M
Accounts Payable	139.384M	116.273M	101.401M	83.722M	70.005M	71.390M	48.987M	21.045M
Short-Term Debt	0.00	0.00	0.00	0.00	160.000M	92.000M	89.000M	19.000M
Total Liabilities	3.526B	2.976B	2.575B	2.083B	1.808B	1.360B	972.968M	789.703M
Long-Term Debt	3.295B	2.785B	2.411B	1.940B	1.688B	1.218B	872.299M	720.409M
Total Debt	3.355B	2.832B	2.448B	1.977B	1.881B	1.310B	961.299M	720.409M
Net Debt (Cash)	3.339B	2.825B	2.437B	1.949B	1.837B	1.304B	945.696M	666.454M
Total Shareholders' Equity	6.271B	5.510B	5.199B	4.629B	3.418B	2.524B	1.689B	1.236B
Common Stock	12K	10K	10K	9K	7K	6K	5K	4K
Retained Earnings	-618.675M	-470.622M	-346.473M	-228.132M	-147.366M	-91.343M	-57.094M	-42.945M
Current Ratio	0.83	0.78	0.80	0.89	1.20	0.44	0.98	2.12
Debt to Equity Ratio	0.53	0.51	0.47	0.43	0.55	0.52	0.57	0.58

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Agree Realty Corporation

Agree Realty Corporation functions as a publicly traded Real Estate Investment Trust (REIT), concentrating its efforts on the acquisition and development of commercial properties. These assets are primarily net-leased to leading companies within the retail sector. As of September 30, 2020, the firm oversaw a substantial portfolio of 1,027 properties, which were distributed across 45 U.S. states and encompassed a total gross leasable area of approximately 21.0 million square feet. Shares of Agree Realty's common stock are available for trade on the New York Stock Exchange, identified by the ticker symbol ADC.

Royal Oak, MI

75 employees

www.agreerealty.com

Real Estate / REIT - Retail

Sector: Real Estate
Industry: REIT - Retail
CEO: Joel N. Agree

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