Stocktoria
AGREE REALTY CORP ADC
NYSE · XNYS · reit · Real Estate Investment Trusts · website · IPO 1994-04-15
AGREE REALTY CORP financials (annual, from 10-K)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $718.4M | $617.1M | $537.5M | $429.8M | $339.3M | $248.6M | $187.5M | $137.1M | $111.5M | $91.5M |
| Operating income | $340.4M | $302.2M | $254.4M | $218.1M | $190.3M | $133.1M | $114.4M | $73.0M | $63.0M | $51.7M |
| Interest expense | — | — | $81.1M | $63.4M | $50.4M | $40.1M | $33.1M | $24.9M | $18.1M | $15.3M |
| Income tax | $1.7M | $4.3M | $2.9M | $2.9M | $2.4M | $1.1M | $538,000 | $516,000 | $227,000 | $153,000 |
| Net income | $204.3M | $189.2M | $170.0M | $152.4M | $122.3M | $91.4M | $80.1M | $58.2M | $58.1M | $45.1M |
| EPS (diluted) | $1.77 | $1.78 | $1.70 | $1.83 | $1.78 | $1.74 | $1.93 | $1.78 | $2.08 | $1.97 |
| Operating cash flow | $504.1M | $432.0M | $391.6M | $362.1M | $246.3M | $143.0M | $126.7M | $93.2M | $82.2M | $61.7M |
| Free cash flow | — | -$442.5M | -$808.4M | -$1.2B | -$1.1B | -$1.2B | -$576.2M | -$515.1M | — | — |
| Cash & equivalents | $16.3M | $6.4M | $10.9M | $27.8M | $43.3M | $6.1M | $15.6M | $54.0M | $50.8M | $33.4M |
| Total assets | $9.8B | $8.5B | $7.8B | $6.7B | $5.2B | $3.9B | $2.7B | $2.0B | $1.5B | $1.1B |
| Total liabilities | $3.5B | $3.0B | $2.6B | $2.1B | $1.8B | $1.4B | $973.0M | $789.7M | $583.4M | $456.5M |
| Shareholders' equity | $6.3B | $5.5B | $5.2B | $4.6B | $3.4B | $2.5B | $1.7B | $1.2B | $911.2M | $685.5M |
Growth · year-over-year · Revenue CAGR 25.7%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +16.4% | +14.8% | +25.1% | +26.7% | +36.5% | +32.6% | +36.7% | +23.0% | +21.8% | +30.8% |
| Net income growth | +8.0% | +11.3% | +11.5% | +24.7% | +33.8% | +14.1% | +37.7% | +0.1% | +28.8% | +15.6% |
| EPS growth | -0.6% | +4.7% | -7.1% | +2.8% | +2.3% | -9.8% | +8.4% | -14.4% | +5.6% | -8.8% |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Source: SEC EDGAR filings · CIK 0000917251 · as of 2025-12-31. Facts from filings plus Stocktoria's own computed scores — not investment advice.