Agree Realty Corporation (ADC) quarterly balance sheet — complete assets, liabilities & equity history
Agree Realty Corporation (ADC) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Assets | 10.59B | 10.18B | 9.8B | 9.48B | 9.08B | 8.8B | 8.49B | 8.18B | 8B | 7.87B | 7.77B | 7.65B | 7.27B | 6.99B | 6.71B | 6.56B | 6.04B | 5.64B | 5.23B | 5B |
| Asset Growth % | 16.53% | 15.68% | 15.45% | 15.88% | 13.55% | 11.84% | 9.15% | 7.02% | 10.02% | 12.63% | 15.81% | 16.64% | 20.43% | 23.9% | 28.44% | 31.19% | 26.73% | 31.79% | 34.5% | 40.87% |
| Real Estate & Other Assets | -9.26B | 96.86M | 8.65B | 8.38B | 8.04B | 7.79B | 7.51B | 7.22B | 7.04B | 6.92B | 6.82B | 6.71B | 6.36B | 6.1B | 5.82B | 5.47B | 5.21B | 4.84B | 4.45B | 4.19B |
| PP&E (Net) | 0 | 8.89B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investment Securities | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 143.73M | 154.69M | 143.1M | 135.19M | 120.5M | 117.93M | 112.81M | 125.05M | 119.11M | 112.15M | 101.12M | 87.34M | 83.18M | 84.03M | 94.75M | 320.21M | 88.51M | 85.18M | 104.37M | 161.23M |
| Cash & Equivalents | 12.52M | 25.08M | 16.3M | 13.7M | 5.82M | 7.92M | 6.4M | 13.24M | 9.64M | 6.31M | 10.91M | 6.38M | 8.07M | 11.81M | 27.76M | 250.49M | 26.27M | 24.89M | 43.25M | 91.88M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 0 | 4.33M | 3.89M | 6.56M | 4.53M | 0 | 13.61M | 14.62M | 14.54M | 7.26M | 3.21M | 4.18M | 1.13M | 1.15M | 1.03M | 840K | 878K | 7.67M | 16.5M |
| Intangible Assets | 1.08B | 1.03B | 1B | 966.96M | 923.09M | 897.38M | 864.94M | 837.87M | 837.99M | 840.98M | 854.09M | 849.19M | 826M | 803.65M | 799.45M | 763.46M | 739.32M | 716.51M | 672.02M | 645.59M |
| Total Liabilities | 4.07B | 3.95B | 3.53B | 3.61B | 3.43B | 3.16B | 2.98B | 2.89B | 2.84B | 2.69B | 2.57B | 2.4B | 2.29B | 2.19B | 2.08B | 2.01B | 2.06B | 1.96B | 1.81B | 1.66B |
| Total Debt | 3.92B | 3.29B | 3.35B | 3.42B | 3.27B | 3B | 2.83B | 2.72B | 2.71B | 2.55B | 2.45B | 2.23B | 2.14B | 2.04B | 1.94B | 1.86B | 1.94B | 1.85B | 1.85B | 1.53B |
| Net Debt | 3.9B | 3.26B | 3.34B | 3.41B | 3.26B | 2.99B | 2.83B | 2.71B | 2.7B | 2.54B | 2.44B | 2.23B | 2.14B | 2.02B | 1.91B | 1.61B | 1.91B | 1.82B | 1.8B | 1.44B |
| Long-Term Debt | 2.83B | 3.23B | 3.29B | 3.36B | 2.97B | 2.95B | 2.79B | 2.68B | 2.67B | 2.51B | 2.41B | 2.23B | 2.14B | 2.04B | 1.94B | 1.86B | 1.94B | 1.85B | 1.69B | 1.53B |
| Short-Term Borrowings | 994.61M | 0 | 0 | 0 | 247M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 160M | 0 |
| Capital Lease Obligations | 94.84M | 61.77M | 60.19M | 56.78M | 49.67M | 47.35M | 46.25M | 45.2M | 36.98M | 36.76M | 36.83M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 994.61M | 186.23M | 171.54M | 191.71M | 408.13M | 158.19M | 144.12M | 168.78M | 131.92M | 137.95M | 126.94M | 131.89M | 111.79M | 115.8M | 106.07M | 107.06M | 89.72M | 81.24M | 86.89M | 96M |
| Accounts Payable | 141.21M | 154.05M | 139.38M | 161.78M | 132.09M | 129.65M | 116.27M | 142.2M | 106.06M | 112.39M | 101.4M | 106.75M | 87.69M | 92.73M | 83.72M | 85.64M | 70.34M | 63.48M | 70M | 80.49M |
| Deferred Revenue | 31.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 119.12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37.46M | 38.27M | 36.33M | 36.71M | 37.12M | 36.34M | 33.71M | 33.08M | 32.54M |
| Total Equity | 6.52B | 6.24B | 6.27B | 5.87B | 5.65B | 5.64B | 5.51B | 5.29B | 5.16B | 5.18B | 5.2B | 5.25B | 4.98B | 4.8B | 4.63B | 4.55B | 3.97B | 3.68B | 3.42B | 3.34B |
| Equity Growth % | 15.31% | 10.52% | 13.8% | 10.93% | 9.52% | 8.99% | 5.97% | 0.94% | 3.72% | 7.95% | 12.3% | 15.32% | 25.26% | 30.53% | 35.42% | 36.12% | 27.37% | 31.28% | 35.35% | 47.51% |
| Shareholders Equity | 6.52B | 6.24B | 6.27B | 5.87B | 5.65B | 5.64B | 5.51B | 5.29B | 5.16B | 5.18B | 5.2B | 5.24B | 4.98B | 4.8B | 4.63B | 4.55B | 3.97B | 3.67B | 3.42B | 3.34B |
| Minority Interest | -5K | 90K | 168K | 258K | 364K | 468K | 615K | 668K | 819K | 878K | 942K | 1.11M | 1.21M | 1.3M | 1.39M | 1.53M | 1.66M | 1.67M | 1.63M | 1.72M |
| Common Stock | 12K | 12K | 12K | 11K | 11K | 11K | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 9K | 9K | 9K | 8K | 8K | 7K | 7K |
| Additional Paid-in Capital | 6.99B | 6.68B | 6.68B | 6.25B | 5.99B | 5.95B | 5.77B | 5.53B | 5.36B | 5.35B | 5.35B | 5.35B | 5.06B | 4.85B | 4.66B | 4.55B | 3.95B | 3.65B | 3.4B | 3.3B |
| Retained Earnings | -697.99M | -653.43M | -618.67M | -581.16M | -545.37M | -508.06M | -470.62M | -434.49M | -400.81M | -378.2M | -346.47M | -316.08M | -284M | -254.32M | -228.13M | -203.04M | -182.52M | -162.76M | -147.37M | -130.46M |
| Preferred Stock | 175M | 175M | 175M | 175M | 175M | 175M | 175M | 175M | 175M | 175M | 175M | 175M | 175M | 175M | 175M | 175M | 175M | 175M | 175M | 175M |
| Return on Assets (ROA) | 0.53% | 0.62% | 0.58% | 0.56% | 0.55% | 0.54% | 0.54% | 0.55% | 0.69% | 0.57% | 0.6% | 0.56% | 0.57% | 0.61% | 0.62% | 0.63% | 0.62% | 0.66% | 0.65% | 0.75% |
| Return on Equity (ROE) | 0.86% | 0.99% | 0.92% | 0.9% | 0.87% | 0.84% | 0.84% | 0.85% | 1.06% | 0.86% | 0.88% | 0.81% | 0.84% | 0.88% | 0.89% | 0.93% | 0.94% | 1.02% | 0.98% | 1.13% |
| Debt / Assets | 36.99% | 32.32% | 34.24% | 36.05% | 35.99% | 34.06% | 33.37% | 33.24% | 33.82% | 32.42% | 31.48% | 29.19% | 29.48% | 29.15% | 28.9% | 28.42% | 32.09% | 32.77% | 35.35% | 30.56% |
| Debt / Equity | 0.60x | 0.53x | 0.53x | 0.58x | 0.58x | 0.53x | 0.51x | 0.51x | 0.52x | 0.49x | 0.47x | 0.43x | 0.43x | 0.42x | 0.42x | 0.41x | 0.49x | 0.50x | 0.54x | 0.46x |
| Net Debt / EBITDA | 23.19x | 19.76x | 20.13x | 21.58x | 21.83x | 20.91x | 20.14x | 20.17x | 19.16x | 20.00x | 19.67x | 19.03x | 18.89x | 18.45x | 18.41x | 15.99x | 20.64x | 20.79x | 22.21x | 17.64x |
| Book Value per Share | 54.11 | 51.83 | 54.53 | 52.67 | 52.58 | 52.49 | 52.63 | 52.05 | 51.40 | 51.62 | 51.80 | 53.88 | 53.45 | 52.99 | 52.14 | 56.44 | 52.59 | 51.53 | 48.43 | 48.02 |