AGREE REALTY CORP ADC

Latest FY: 2025 Real Estate REIT - Retail
Market Price $71.51
Market Cap $8.59B
P/E Ratio 40.40
Quick Peer Compare (Real Estate):
Revenue (FY 2025) ↑16.4% YoY
$718.40M
3-Yr CAGR: 18.7%
Net Income ↑8.0% YoY
$204.35M
Net Margin: 28.4%
Free Cash Flow ↓-143.9% YoY
-$1.08B
FCF Yield: -12.57%
EPS (Diluted) ↓-0.6% YoY
$1.77
Basic: $1.77
Return on Equity Efficiency
3.3%
ROA: 2.1%

📊 Multi-Year Historical Performance & Trends

Financial Performance History Revenue, Net Income & Free Cash Flow
Margins Trend (%) Gross, Operating & Net Margins
Balance Sheet Strength Cash, Debt & Equity
Cash Flow Generation Operating Cash Flow vs CapEx vs FCF

📈 Year-over-Year (YoY) Growth History (ADC)

All monetary values in millions ($M)
Fiscal Year Revenue Revenue YoY Gross Profit Net Income Net Inc YoY Diluted EPS EPS YoY Div / Sh Div Yield Op. Cash Flow Free Cash Flow FCF YoY
FY 2016 $91.5M $76.2M $45.1M $1.97 $1.83 3.98% $61.7M
FY 2017 $116.6M +27.3% $98.4M $58.1M +28.8% $2.08 +5.6% $1.99 3.87% $82.2M
FY 2018 $148.2M +27.1% $123.3M $58.2M +0.1% $1.78 -14.4% $2.09 3.53% $93.2M
FY 2019 $187.5M +26.5% $154.4M $80.1M +37.7% $1.93 +8.4% $2.19 3.12% $126.7M $-576.2M
FY 2020 $248.6M +32.6% $208.5M $91.4M +14.1% $1.74 -9.8% $2.22 3.33% $143.0M $-1,167.0M -102.5%
FY 2021 $339.3M +36.5% $288.9M $122.3M +33.8% $1.78 +2.3% $2.89 4.06% $246.3M $-1,143.7M +2.0%
FY 2022 $429.8M +26.7% $366.4M $152.4M +24.7% $1.83 +2.8% $2.78 3.92% $362.1M $-1,237.9M -8.2%
FY 2023 $537.5M +25.1% $456.4M $170.0M +11.5% $1.70 -7.1% $2.92 4.64% $391.6M $-808.4M +34.7%
FY 2024 $617.1M +14.8% $508.2M $189.2M +11.3% $1.78 +4.7% $3.00 4.26% $432.0M $-442.5M +45.3%
FY 2025 $718.4M +16.4% $583.8M $204.3M +8.0% $1.77 -0.6% $3.08 4.28% $504.1M $-1,079.4M -143.9%
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Valuation

Market Price $71.51
Market Cap $8.59B
Enterprise Value $8.57B
P/E Ratio 40.40
P/B Ratio 1.37
FCF Yield -12.57%
Dividend Yield 4.31%
Shares Outstanding 120,102,900
%

Profitability & Margins

Gross Margin 81.26%
Operating Margin 47.38%
Net Margin 28.45%
Return on Equity (ROE) 3.26%
Return on Assets (ROA) 2.09%
Asset Turnover 0.07x
Revenue 3-Yr CAGR 18.68%
🛡️

Financial Health & Liquidity

Current Ratio N/A
Cash Ratio N/A
Debt / Equity 0.000
Debt / Assets 0.000
Cash & Equivalents $16.30M
Total Debt N/A
Book Value / Share $52.21
💧

Cash Flow Efficiency

Operating Cash Flow $504.14M
Capital Expenditures (CapEx) $1.58B
Free Cash Flow -$1.08B
OCF / Revenue 70.18%
FCF / Revenue -150.25%
FCF 3-Yr CAGR N/A
🏷️

Per Share Metrics

EPS (Diluted) $1.77
EPS (Basic) $1.77
Dividends / Share $3.08
Book Value / Share $52.21
EPS YoY Growth -0.56%
🏛️

Balance Sheet (FY 2025)

Total Assets $9.80B
Total Liabilities $3.53B
Stockholders' Equity $6.27B
Current Assets N/A
Current Liabilities N/A