Agree Financial Statements From 2010 to 2024

Stocks . USA . 
Stock . Agree Realty
ADC Stock  USD 56.90  0.34  0.60%   
Agree Realty financial statements provide useful quarterly and yearly information to potential Agree Realty investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Agree Realty financial statements helps investors assess Agree Realty's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Agree Realty's valuation are summarized below:
Gross Profit
377.5 M
Profit Margin
0.3162
Market Capitalization
5.7 B
Enterprise Value Revenue
15.3162
Revenue
537.5 M
We have found one hundred twenty available fundamental signals for Agree Realty, which can be analyzed and compared to other ratios and to its rivals. Investors should ensure to validate all of Agree Realty's prevailing performance against the performance from 2010 to 2024 to make sure the company is sustainable down the road. The current year's Market Cap is expected to grow to about 6.3 B. The current year's Enterprise Value is expected to grow to about 8.9 B

Agree Realty Total Revenue

564.37 Million

Check Agree Realty financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Agree main balance sheet or income statement drivers, such as Depreciation And Amortization of 183.3 M, Interest Expense of 79.8 M or Selling General Administrative of 36.5 M, as well as many exotic indicators such as Price To Sales Ratio of 5.96, Dividend Yield of 0.0848 or PTB Ratio of 1.66. Agree financial statements analysis is a perfect complement when working with Agree Realty Valuation or Volatility modules.
  
This module can also supplement Agree Realty's financial leverage analysis and stock options assessment as well as various Agree Realty Technical models . Check out the analysis of Agree Realty Correlation against competitors.
For information on how to trade Agree Stock refer to our How to Trade Agree Stock guide.

Agree Realty Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets8.2 B7.8 B2.8 B
Slightly volatile
Short and Long Term Debt Total2.6 B2.5 B897.2 M
Slightly volatile
Total Stockholder Equity5.5 B5.2 B1.8 B
Slightly volatile
Property Plant And Equipment Net7.1 B6.8 B2.7 B
Slightly volatile
Net Debt2.6 B2.5 B878.1 M
Slightly volatile
Non Current Assets Total8.1 B7.7 B2.7 B
Slightly volatile
Other Assets7 B6.7 B2 B
Slightly volatile
Cash And Short Term Investments11 M14.5 M18.8 M
Slightly volatile
Common Stock Shares Outstanding100.2 M95.4 M39.3 M
Slightly volatile
Liabilities And Stockholders Equity8.2 B7.8 B2.8 B
Slightly volatile
Non Current Liabilities Total2.6 B2.4 B905.9 M
Slightly volatile
Other Stockholder Equity5.6 B5.4 B1.9 B
Slightly volatile
Total Liabilities2.7 B2.6 B960.5 M
Slightly volatile
Property Plant And Equipment Gross204 M312.2 M257.2 M
Slightly volatile
Total Current Assets106.2 M101.1 M53 M
Slightly volatile
Total Current Liabilities133.3 M126.9 M55.1 M
Slightly volatile
Accounts Payable106.5 M101.4 M34.8 M
Slightly volatile
Cash11.4 M14.5 M18.9 M
Slightly volatile
Net Receivables87.1 M83 M28.1 M
Slightly volatile
Common Stock Total Equity10.9 K10.3 K4.4 K
Slightly volatile
Common Stock10.5 K10 K4.3 K
Slightly volatile
Short Term Debt914.9 K963 K3.1 B
Slightly volatile
Other Liabilities59.4 M56.6 M25 M
Slightly volatile
Long Term Debt2.5 B2.4 B865.2 M
Slightly volatile
Intangible Assets896.8 M854.1 M321.5 M
Slightly volatile
Net Tangible Assets4.4 B4.2 B1.5 B
Slightly volatile
Noncontrolling Interest In Consolidated Entity1.8 M1.3 M2.2 M
Slightly volatile
Long Term Debt Total2.3 B2.2 B843.1 M
Slightly volatile
Capital Surpluse5.6 B5.4 B1.9 B
Slightly volatile
Deferred Long Term Liabilities965.3 M919.4 M279.8 M
Slightly volatile
Property Plant Equipment7 B6.7 B2.4 B
Slightly volatile
Short and Long Term Debt182.7 M144 M214 M
Slightly volatile
Long Term Investments2.9 M2.9 M2.2 M
Slightly volatile
Non Current Liabilities Other31.2 M36.8 M17.2 M
Slightly volatile
Cash And Equivalents26.4 M25 M32.2 M
Pretty Stable
Net Invested Capital4.5 B7.4 B2.9 B
Slightly volatile
Capital Stock96.3 M175 M41.4 M
Slightly volatile

Agree Realty Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization183.3 M174.6 M54.6 M
Slightly volatile
Selling General Administrative36.5 M34.8 M15 M
Slightly volatile
Total Revenue564.4 M537.5 M198 M
Slightly volatile
Gross Profit312.7 M297.8 M147.4 M
Slightly volatile
Other Operating Expenses288.2 M274.5 M98.4 M
Slightly volatile
Operating Income276.2 M263 M100.2 M
Slightly volatile
EBIT276.2 M263 M97.9 M
Slightly volatile
EBITDA459.5 M437.7 M152.5 M
Slightly volatile
Net Income178.5 M170 M70.7 M
Slightly volatile
Income Before Tax185.6 M176.8 M73 M
Slightly volatile
Cost Of Revenue251.6 M239.7 M51.2 M
Slightly volatile
Net Income Applicable To Common Shares174.6 M166.3 M70 M
Slightly volatile
Extraordinary Items196.7 K207 K796 K
Slightly volatile
Selling And Marketing Expenses75.2479.2172.1 K
Slightly volatile
Net Income From Continuing Ops173.8 M165.5 M72.3 M
Slightly volatile
Non Recurring867.8 K913.5 K2.4 M
Slightly volatile
Interest Income76.6 M73 M31.2 M
Slightly volatile
Tax Provision1.5 M2.9 M890.4 K
Slightly volatile
Reconciled Depreciation110.8 M201 M69.2 M
Slightly volatile
Preferred Stock And Other Adjustments5.3 M8.6 M3.1 M
Slightly volatile

Agree Realty Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow30.4 M28.9 M21.9 M
Slightly volatile
Depreciation183.3 M174.6 M62.7 M
Slightly volatile
Dividends Paid299.4 M285.1 M99.7 M
Slightly volatile
Total Cash From Operating Activities407.5 M388.1 M137.9 M
Slightly volatile
Net Income178 M169.6 M71.3 M
Slightly volatile
Total Cash From Financing Activities916.2 M872.6 M482.4 M
Slightly volatile
End Period Cash Flow11.9 M14.5 M21.1 M
Slightly volatile
Stock Based Compensation8.8 M8.3 M3.6 M
Slightly volatile
Issuance Of Capital Stock857.5 M795.9 M550.2 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio5.9611.148610.2619
Slightly volatile
Dividend Yield0.08480.04760.0496
Pretty Stable
PTB Ratio1.661.15251.462
Slightly volatile
Days Sales Outstanding59.1556.332141.1634
Slightly volatile
Book Value Per Share57.3554.618535.1417
Slightly volatile
Invested Capital0.440.463715.5743
Slightly volatile
Operating Cash Flow Per Share2.224.07652.7331
Slightly volatile
Average Payables3.8 M3.1 M3 M
Slightly volatile
Stock Based Compensation To Revenue0.02990.01550.0267
Slightly volatile
PB Ratio1.661.15251.462
Slightly volatile
EV To Sales8.8715.718314.488
Slightly volatile
Inventory Turnover0.981.032.7283
Very volatile
Net Income Per Share1.371.78541.612
Slightly volatile
Days Of Inventory On Hand292368288
Very volatile
Payables Turnover2.042.36351.9613
Slightly volatile
Sales General And Administrative To Revenue0.07820.06470.0966
Slightly volatile
Cash Per Share0.140.15260.5937
Very volatile
POCF Ratio10.6515.44218.6932
Pretty Stable
Payout Ratio1.651.67751.7741
Slightly volatile
Days Payables Outstanding14715426 K
Slightly volatile
Income Quality1.292.28871.5962
Slightly volatile
ROE0.03110.03270.0509
Slightly volatile
EV To Operating Cash Flow23.1721.771629.0553
Slightly volatile
PE Ratio26.9835.257337.2415
Pretty Stable
Return On Tangible Assets0.04770.02460.0355
Very volatile
Earnings Yield0.02690.02840.036
Slightly volatile
Intangibles To Total Assets0.080.10990.0973
Slightly volatile
Net Debt To EBITDA3.665.61225.4282
Pretty Stable
Current Ratio0.580.79661.2885
Pretty Stable
Tangible Book Value Per Share47.9445.656129.3741
Slightly volatile
Receivables Turnover6.166.479412.2934
Slightly volatile
Graham Number49.1846.841935.468
Slightly volatile
Shareholders Equity Per Share57.3554.618535.1417
Slightly volatile
Debt To Equity0.440.463715.5743
Slightly volatile
Average Receivables493.9 K780.8 K800.3 K
Very volatile
Revenue Per Share5.15.64654.3405
Slightly volatile
Interest Debt Per Share24.8226.1256284
Slightly volatile
Debt To Assets0.290.31018.2375
Slightly volatile
Enterprise Value Over EBITDA11.4619.304119.0366
Slightly volatile
Short Term Coverage Ratios42340356.9696
Slightly volatile
Price Earnings Ratio26.9835.257337.2415
Pretty Stable
Operating Cycle53.5256.3321216
Pretty Stable
Price Book Value Ratio1.661.15251.462
Slightly volatile
Days Of Payables Outstanding14715426 K
Slightly volatile
Dividend Payout Ratio1.651.67751.7741
Slightly volatile
Price To Operating Cash Flows Ratio10.6515.44218.6932
Pretty Stable
Pretax Profit Margin0.530.32890.4297
Pretty Stable
Ebt Per Ebit0.970.67210.8025
Pretty Stable
Operating Profit Margin0.670.48940.5882
Slightly volatile
Company Equity Multiplier2.451.49541.8049
Slightly volatile
Long Term Debt To Capitalization0.470.31670.3825
Slightly volatile
Total Debt To Capitalization0.630.31680.4575
Slightly volatile
Return On Capital Employed0.03270.03440.0505
Slightly volatile
Debt Equity Ratio0.440.463715.5743
Slightly volatile
Ebit Per Revenue0.670.48940.5882
Slightly volatile
Quick Ratio0.510.76791.0913
Very volatile
Net Income Per E B T0.680.96140.9525
Very volatile
Cash Ratio0.110.11440.635
Pretty Stable
Operating Cash Flow Sales Ratio0.480.7220.619
Slightly volatile
Days Of Inventory Outstanding292368288
Very volatile
Days Of Sales Outstanding59.1556.332141.1634
Slightly volatile
Cash Flow Coverage Ratios0.0960.1610.1229
Pretty Stable
Price To Book Ratio1.661.15251.462
Slightly volatile
Fixed Asset Turnover0.07510.0793.9285
Pretty Stable
Price Cash Flow Ratio10.6515.44218.6932
Pretty Stable
Enterprise Value Multiple11.4619.304119.0366
Slightly volatile
Debt Ratio0.290.31018.2375
Slightly volatile
Cash Flow To Debt Ratio0.0960.1610.1229
Pretty Stable
Price Sales Ratio5.9611.148610.2619
Slightly volatile
Return On Assets0.02080.02190.0305
Slightly volatile
Asset Turnover0.120.06910.0863
Slightly volatile
Net Profit Margin0.30.31620.3743
Very volatile
Gross Profit Margin0.960.55410.8718
Slightly volatile
Price Fair Value1.661.15251.462
Slightly volatile
Return On Equity0.03110.03270.0509
Slightly volatile

Agree Realty Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap6.3 B6 B2.6 B
Slightly volatile
Enterprise Value8.9 B8.4 B3.5 B
Slightly volatile

Agree Fundamental Market Drivers

Forward Price Earnings29.7619
Cash And Short Term Investments14.5 M

Agree Upcoming Events

13th of February 2024
Upcoming Quarterly Report
View
2nd of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
13th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Agree Realty Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Agree Realty income statement, its balance sheet, and the statement of cash flows. Agree Realty investors use historical funamental indicators, such as Agree Realty's revenue or net income, to determine how well the company is positioned to perform in the future. Although Agree Realty investors may use each financial statement separately, they are all related. The changes in Agree Realty's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Agree Realty's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Agree Realty Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Agree Realty. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue4.2 M4 M
Total Revenue537.5 M564.4 M
Cost Of Revenue239.7 M251.6 M
Stock Based Compensation To Revenue 0.02  0.03 
Sales General And Administrative To Revenue 0.06  0.08 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0.92)(0.97)
Revenue Per Share 5.65  5.10 
Ebit Per Revenue 0.49  0.67 

Pair Trading with Agree Realty

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Agree Realty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Agree Realty will appreciate offsetting losses from the drop in the long position's value.

Moving together with Agree Stock

  0.64UE Urban Edge Properties Financial Report 14th of May 2024 PairCorr

Moving against Agree Stock

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  0.51AHT-PG Ashford Hospitality TrustPairCorr
  0.5AHT-PD Ashford Hospitality TrustPairCorr
The ability to find closely correlated positions to Agree Realty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agree Realty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Agree Realty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Agree Realty to buy it.
The correlation of Agree Realty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agree Realty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agree Realty moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Agree Realty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Agree Realty offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Agree Realty's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Agree Realty Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Agree Realty Stock:
How To Invest In Agree
Details
Is Agree Stock a good investment?
Details
What is Agree Realty's Net Worth?
Details
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Largest Equity Real Estate Investment Trusts (REITs) Companies
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Check out the analysis of Agree Realty Correlation against competitors.
For information on how to trade Agree Stock refer to our How to Trade Agree Stock guide.
Note that the Agree Realty information on this page should be used as a complementary analysis to other Agree Realty's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Complementary Tools for Agree Stock analysis

When running Agree Realty's price analysis, check to measure Agree Realty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Agree Realty is operating at the current time. Most of Agree Realty's value examination focuses on studying past and present price action to predict the probability of Agree Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Agree Realty's price. Additionally, you may evaluate how the addition of Agree Realty to your portfolios can decrease your overall portfolio volatility.
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Is Agree Realty's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Agree Realty. If investors know Agree will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Agree Realty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.01)
Dividend Share
2.919
Earnings Share
1.7
Revenue Per Share
5.646
Quarterly Revenue Growth
0.237
The market value of Agree Realty is measured differently than its book value, which is the value of Agree that is recorded on the company's balance sheet. Investors also form their own opinion of Agree Realty's value that differs from its market value or its book value, called intrinsic value, which is Agree Realty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Agree Realty's market value can be influenced by many factors that don't directly affect Agree Realty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Altman
Z Score
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Piotroski
F Score
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Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Earnings
Projections
Details
Please note, there is a significant difference between Agree Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agree Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agree Realty's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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