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Agree Realty ADC · USD

Real Estate · US listing · 🇺🇸 United States

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70.20

+0.47%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$718.4m

FY2016FY2025

Net income

$204.3m

FY2016FY2025

Free cash flow

−$1.08bn

FY2016FY2025

Shareholders' equity

$6.27bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$718.4m$617.1m$537.5m$429.8m$339.3m$248.6m$187.5m$137.1m$111.5m$91.5m
Gross profit$630.3m$542.2m$470.8m$377.5m$298.3m$216.8m$164.0m$120.1m$99.0m$82.9m
Research and development——$0$0$0$0$0$0$1$1
Operating income$340.4m$302.2m$254.4m$218.1m$190.3m$133.2m$102.7m$73.0m$63.0m$51.7m
Net income$204.3m$189.2m$170.0m$152.4m$122.3m$91.4m$80.1m$58.2m$58.1m$45.1m
Diluted earnings per share1.781.811.691.721.731.631.861.651.961.77

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$9.80bn$8.49bn$7.77bn$6.71bn$5.23bn$3.89bn$2.66bn$2.03bn$1.49bn$1.11bn
Cash and short-term investments$16.3m$6.4m$10.9m$27.8m$43.3m$6.1m$15.6m$54.0m$50.8m$33.4m
Total liabilities$3.53bn$2.98bn$2.57bn$2.08bn$1.81bn$1.36bn$973.0m$789.7m$583.4m$426.4m
Debt$3.30bn$2.79bn$2.42bn$1.95bn$1.69bn$1.22bn$872.3m$720.4m$519.6m$400.9m
Shareholders' equity$6.27bn$5.51bn$5.20bn$4.63bn$3.42bn$2.52bn$1.69bn$1.24bn$911.2m$685.5m
Shares outstanding115m105m100m89m71m56m43m35m30m25m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations$504.1m$432.0m$391.6m$362.1m$246.3m$143.0m$126.7m$93.2m$82.2m$61.7m
Capital spending−$1.58bn−$977.3m−$1.29bn−$1.66bn−$1.44bn−$1.35bn−$732.6m−$632.6m−$362.9m−$325.8m
Free cash flow−$1.08bn−$545.4m−$896.8m−$1.30bn−$1.20bn−$1.20bn−$605.9m−$539.4m−$280.7m−$264.1m
Dividends paid−$348.1m−$311.0m−$285.1m−$227.7m−$195.8m−$116.1m−$90.3m−$67.6m−$55.1m−$42.1m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$205.1m$200.8m$190.5m$183.2m$175.5m$169.2m$160.7m$154.3m
Gross profit$41.0m$175.9m$166.5m$161.3m$153.7m$148.8m$140.4m$136.0m
Operating income$98.7m$72.6m$92.4m$87.3m$82.0m$78.7m$75.3m$74.4m
Net income$54.7m$62.2m$56.0m$52.1m$49.2m$47.0m$45.2m$44.4m
Diluted earnings per share0.450.520.490.450.430.410.430.42
Cash from operations$130.0m$145.0m$111.0m$146.0m$119.0m$126.0m$91.0m$128.0m
Capital spending−$412.0m−$412.0m−$1.58bn−$1.19bn−$733.0m−$383.0m−$977.0m−$599.0m
Free cash flow−$282.0m−$267.0m−$1.47bn−$1.04bn−$614.0m−$257.0m−$886.0m−$471.0m
Total assets$10.59bn$10.18bn$9.80bn$9.48bn$9.08bn$8.80bn$8.49bn$8.18bn
Cash and short-term investments$12.5m$25.1m$16.3m$13.7m$5.8m$7.9m$6.4m$13.2m
Debt$4.82bn$3.69bn$6.24bn$6.38bn$3.47bn$5.23bn$2.79bn$4.96bn
Shareholders' equity$6.52bn$6.24bn$6.27bn$5.87bn$5.65bn$5.64bn$5.51bn$5.29bn

Financial ratios

Data as of 6 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin87.7%87.9%87.6%87.8%87.9%87.2%——
Operating margin47.5%49.1%47.4%51.0%51.8%53.6%——
Net margin28.4%30.7%31.6%35.5%36.0%36.8%——
Return on equity3.3%3.4%3.3%3.3%3.6%3.6%——
Return on assets2.1%2.2%2.2%2.3%2.3%2.4%——
Free cash flow yield27.7%20.5%25.5%34.7%36.5%40.5%——
Revenue growth16.4%14.8%25.1%26.7%36.5%32.6%——
Earnings growth8.0%11.3%11.5%24.7%33.8%14.1%——
Current ratio0.83x0.78x0.80x0.89x1.20x0.44x——
Debt to equity1.00x0.51x0.46x0.82x0.49x0.48x——
Equity ratio64.0%64.9%66.9%69.0%65.4%65.0%——
Interest coverage2.54x2.78x3.14x3.46x3.49x3.32x——
R&D as a share of sales——0.0%0.0%0.0%0.0%0.0%0.0%
Buybacks as a share of market value-9.8%-4.3%-13.0%-25.8%-25.9%-30.4%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue18.7%23.6%26.2%
Operating income16.0%20.6%23.8%
Net income10.3%17.5%18.0%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin87.8%87.8%87.7%87.9%
Operating margin48.1%48.4%49.8%50.7%
Net margin29.5%31.1%32.2%34.7%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings40.539.037.241.341.240.937.735.826.226.0
Price to sales11.511.911.814.714.815.016.115.213.712.8

Market value over time

30 Nov 2016 to 5 Oct 2026, in USD

$1.06bn$7.90bn

Share price return

Finished calendar years

2025202420232022202120202019201820172016
Return2%14%-12%5%4%-6%18%13%11%38%

Dividends and splits

Per share, in the currency the company pays

Paid for 32 years. Last went ex-dividend on 30 Sept 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year2.3883.0813.002.9192.8052.6042.4052.28

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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