Balance Sheet - AGREE REALTY CORP (ADC)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total cash and short-term investments | 16.30 | 6.40 | 7.29 | 27.76 | 45.12 | 8.42 | 16.18 | 53.96 | 58.78 | 34.80 | 2.81 | 5.67 | 15.22 | 1.27 | 2.00 | 0.59 | 0.69 | 0.67 | 0.54 | 0.46 |
| Accounts receivable, net | 122.48 | 106.42 | 82.95 | 65.84 | 53.44 | 37.81 | 26.81 | 21.55 | 15.48 | 11.54 | 7.42 | 4.51 | 3.26 | 2.16 | 0.80 | 1.33 | 1.99 | 0.96 | 0.77 | 0.73 |
| Inventories | 0.00 | 3.64 | 95.90 | 106.37 | 48.78 | 3.75 | 0.00 | 2.42 | 6.76 | 3.66 | 0.23 | 4.85 | 4.54 | 1.58 | 6.88 | 1.90 | ||||
| Other current assets | 4.33 | 7.26 | -94.75 | 7.67 | 3.02 | 26.55 | 0.02 | 7.98 | 0.85 | -1.20 | -1.20 | |||||||||
| Total current assets | 143.10 | 112.82 | 101.12 | 94.75 | 104.37 | 46.96 | 72.72 | 75.52 | 76.68 | 44.93 | 10.13 | 9.91 | 22.65 | 7.97 | 21.50 | 1.92 | 2.68 | 1.63 | 0.00 | 0.00 |
| Total non-current assets | 9,654.51 | 8,373.63 | 7,673.72 | 6,618.44 | 5,122.54 | 3,839.22 | 2,591.82 | 1,952.67 | 1,417.96 | 1,067.00 | 782.42 | 583.67 | 440.10 | 362.13 | 272.45 | 283.12 | 259.11 | 255.26 | 235.82 | 219.89 |
| Total assets | 9,797.61 | 8,486.45 | 7,774.84 | 6,713.19 | 5,226.91 | 3,886.18 | 2,664.53 | 2,028.19 | 1,494.63 | 1,111.93 | 792.55 | 593.58 | 462.74 | 370.09 | 293.94 | 285.04 | 261.79 | 262.24 | 239.35 | 223.51 |
| Total current liabilities | 171.54 | 144.12 | 126.94 | 106.07 | 86.89 | 105.94 | 74.00 | 35.71 | 30.88 | 20.88 | 14.77 | 8.05 | 6.24 | 4.71 | 62.91 | 7.08 | 45.53 | 6.85 | 25.10 | 24.30 |
| Total non-current liabilities | 3,354.92 | 2,831.67 | 2,447.75 | 1,976.73 | 1,720.70 | 1,254.00 | 898.97 | 754.00 | 552.56 | 405.54 | 324.16 | 229.50 | 164.28 | 167.42 | 68.81 | 110.83 | 76.43 | 112.07 | 82.60 | 68.80 |
| Total liabilities | 3,526.46 | 2,975.79 | 2,574.68 | 2,082.80 | 1,807.59 | 1,359.93 | 972.97 | 789.70 | 583.44 | 426.42 | 338.93 | 237.55 | 170.53 | 172.13 | 131.72 | 117.91 | 121.96 | 124.26 | 101.84 | 87.22 |
| Total stockholders' equity | 6,270.99 | 5,510.05 | 5,199.21 | 4,630.39 | 3,417.69 | 2,524.49 | 1,689.33 | 1,238.49 | 911.19 | 685.51 | 453.62 | 356.04 | 292.22 | 197.97 | 162.22 | 164.24 | 136.76 | 132.64 | 131.61 | 130.42 |
| Common shares outstanding | 111 | 102 | 95 | 79 | 67 | 52 | 41 | 32 | 28 | 23 | 18 | 15 | 13 | 11 | 10 | 10 | 8 | 8 | 8 | 8 |
Show Quarterly Balance Sheet
Balance Sheet - AGREE REALTY CORP (ADC)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total cash and short-term investments | 25.08 | 16.30 | 13.70 | 5.82 | 7.92 | 6.40 | 13.24 | 16.50 | 13.41 | 10.91 | 18.05 | 11.41 | 11.81 | 27.76 | 250.49 | 61.86 | 44.00 | 45.12 | 4,205.93 | 177.05 | 30.41 | 8.42 | 15.00 | 29.34 | 72.09 | 16.18 | 9.35 | 5.52 | 22.33 | 53.96 | 21.33 | 20.87 | 11.10 | 58.78 | 27.29 | 5.46 | 3.86 | 34.80 | 23.78 | 4.04 | 3.71 | 2.81 | 21.38 | 2.87 | 7.92 | 5.67 | 1.40 | 1.62 | 0.83 | 15.22 | 5.82 | 1.23 | 1.20 | 1.27 | 3.82 | 3.90 | 0.47 | 2.00 | 0.89 | 0.85 | 0.80 | 0.59 | 0.34 | 2.46 | 10.34 | 0.69 | 0.36 | 0.27 | 0.26 | 0.67 | 0.16 | 0.18 | 0.18 | 0.54 | 0.15 | 0.16 | 0.17 | 0.46 | 0.16 | 0.22 | 0.24 |
| Accounts receivable, net | 129.62 | 122.48 | 117.60 | 108.12 | 105.49 | 106.42 | 98.21 | 94.85 | 91.30 | 82.95 | 77.75 | 70.93 | 71.09 | 65.84 | 68.70 | 61.41 | 59.41 | 53.44 | 52.85 | 46.88 | 40.70 | 37.81 | 39.31 | 34.00 | 27.75 | 26.81 | 25.50 | 24.91 | 23.70 | 21.55 | 19.88 | 19.88 | 17.95 | 15.48 | 15.63 | 14.24 | 13.07 | 11.54 | 10.62 | 9.97 | 7.81 | 7.42 | 6.14 | 5.69 | 4.92 | 4.51 | 4.02 | 3.79 | 3.31 | 3.26 | 2.36 | 1.79 | 1.72 | 2.16 | 1.39 | 0.76 | 0.60 | 0.80 | 2.67 | 2.67 | 1.91 | 1.33 | 0.80 | 3.01 | 2.65 | 1.99 | 1.03 | 0.92 | 0.88 | 0.96 | 0.75 | 0.66 | 0.64 | 0.77 | 0.34 | 0.40 | 0.38 | 0.73 | 0.41 | 0.28 | 0.45 |
| Inventories | 0.71 | 3.47 | 1.28 | 0.00 | 13.61 | -6.86 | 0.00 | 87.34 | 87.36 | 85.16 | 95.90 | 321.24 | -35.60 | -19.11 | -1.87 | 5.57 | 1.25 | -23.04 | -2.29 | -0.28 | 0.00 | 7.80 | 3.75 | 7.93 | 2.07 | 0.00 | -4.52 | 1.37 | 7.70 | 2.42 | 9.00 | 5.41 | -1.56 | 6.76 | 0.00 | 0.00 | 0.00 | 3.66 | 0.00 | 0.00 | 0.00 | 0.23 | 0.00 | 0.00 | 4.85 | 4.85 | 0.00 | 0.00 | 4.54 | 4.54 | 0.00 | 0.00 | 0.00 | 1.58 | 0.00 | 0.00 | 6.88 | 3.89 | |||||||||||||||||||||||
| Other current assets | 4.33 | 3.89 | 6.56 | 4.53 | 13.61 | 14.62 | 14.54 | 7.26 | -84.14 | -83.18 | -84.03 | -94.75 | -320.21 | 0.84 | 0.88 | 7.67 | 16.50 | 12.58 | 13.55 | 3.02 | 1.52 | 7.04 | 20.05 | 26.55 | 1.45 | 16.91 | 3.02 | 0.02 | 7.32 | 5.20 | 8.87 | 7.98 | 1.78 | 5.41 | 12.29 | 3.28 | 3.28 | 0.76 | 9.77 | -1.32 | -1.20 | ||||||||||||||||||||||||||||||||||||||||
| Total current assets | 154.69 | 143.10 | 135.19 | 120.50 | 117.93 | 112.82 | 125.05 | 119.11 | 112.15 | 101.12 | 87.34 | 83.18 | 84.03 | 94.75 | 320.21 | 88.51 | 85.18 | 104.37 | 161.23 | 236.51 | 61.62 | 46.96 | 55.54 | 70.38 | 127.68 | 72.72 | 44.23 | 49.42 | 49.04 | 75.52 | 44.01 | 39.50 | 36.75 | 76.68 | 51.93 | 23.83 | 15.37 | 44.93 | 34.41 | 14.01 | 11.52 | 10.13 | 27.52 | 8.56 | 12.84 | 9.91 | 5.42 | 5.42 | 4.13 | 22.65 | 8.19 | 3.01 | 2.92 | 7.97 | 5.22 | 4.66 | 19.78 | 2.80 | 18.82 | 13.88 | 13.12 | 1.92 | 1.13 | 8.01 | 12.99 | 2.68 | 1.39 | 1.19 | 1.14 | 1.63 | 0.91 | 0.84 | 0.82 | 0.00 | 0.48 | 0.57 | 0.55 | 0.00 | 0.57 | 0.49 | 0.69 |
| Total non-current assets | 10,016.34 | 9,654.51 | 9,348.84 | 8,964.24 | 8,682.65 | 8,373.63 | 8,059.15 | 7,881.73 | 7,756.51 | 7,673.72 | 7,559.77 | 7,188.83 | 6,902.40 | 6,618.44 | 6,235.89 | 5,949.72 | 5,553.41 | 5,122.54 | 4,836.27 | 4,528.02 | 4,216.78 | 3,839.22 | 3,492.08 | 3,041.26 | 2,781.26 | 2,591.82 | 2,479.10 | 2,255.03 | 2,101.29 | 1,952.67 | 1,704.62 | 1,709.14 | 1,490.50 | 1,417.96 | 1,315.05 | 1,263.02 | 1,142.87 | 1,067.00 | 1,004.41 | 959.10 | 814.03 | 782.42 | 721.72 | 696.50 | 640.20 | 583.67 | 517.40 | 475.74 | 462.36 | 440.10 | 435.43 | 407.84 | 377.29 | 362.13 | 327.46 | 310.42 | 271.80 | 291.14 | 263.20 | 267.49 | 267.55 | 283.12 | 272.92 | 262.34 | 253.96 | 259.11 | 259.55 | 258.74 | 255.88 | 255.26 | 240.51 | 244.88 | 238.64 | 235.82 | 228.20 | 224.71 | 221.41 | 219.89 | 216.06 | 213.41 | 213.54 |
| Total assets | 10,180.24 | 9,797.61 | 9,484.03 | 9,084.74 | 8,800.58 | 8,486.45 | 8,184.20 | 8,000.84 | 7,868.67 | 7,774.84 | 7,647.11 | 7,272.01 | 6,986.43 | 6,713.19 | 6,556.10 | 6,038.23 | 5,638.59 | 5,226.91 | 4,997.50 | 4,764.52 | 4,278.40 | 3,886.18 | 3,547.61 | 3,111.64 | 2,908.95 | 2,664.53 | 2,523.32 | 2,304.44 | 2,150.34 | 2,028.19 | 1,748.63 | 1,748.63 | 1,527.25 | 1,494.63 | 1,366.97 | 1,286.84 | 1,158.24 | 1,111.93 | 1,038.81 | 973.10 | 825.55 | 792.55 | 749.24 | 705.07 | 653.05 | 593.58 | 522.82 | 481.16 | 466.49 | 462.74 | 443.62 | 410.85 | 380.21 | 370.09 | 332.68 | 315.08 | 291.58 | 293.94 | 282.02 | 281.36 | 280.68 | 285.04 | 274.06 | 270.35 | 266.95 | 261.79 | 260.94 | 259.93 | 257.02 | 256.90 | 258.57 | 247.90 | 241.88 | 239.35 | 230.79 | 227.68 | 224.60 | 223.51 | 218.61 | 216.26 | 216.60 |
| Total current liabilities | 186.23 | 171.54 | 191.71 | 408.13 | 158.19 | 144.12 | 168.78 | 131.92 | 137.95 | 126.94 | 131.89 | 111.79 | 115.80 | 106.07 | 107.06 | 89.72 | 81.24 | 86.89 | 96.00 | 83.23 | 79.51 | 105.94 | 100.39 | 60.09 | 102.19 | 74.00 | 77.00 | 72.82 | 61.38 | 35.71 | 34.75 | 33.60 | 28.67 | 30.88 | 25.22 | 22.91 | 20.84 | 20.88 | 21.19 | 18.41 | 18.07 | 14.77 | 8.94 | 8.55 | 8.07 | 8.05 | 6.58 | 6.58 | 6.57 | 6.24 | 5.57 | 5.57 | 5.57 | 4.71 | 61.60 | 51.31 | 37.36 | 67.45 | 49.96 | 40.41 | 39.37 | 7.08 | 97.18 | 19.44 | 16.03 | 45.53 | 5.49 | 5.62 | 6.07 | 6.85 | 23.00 | 24.00 | 24.50 | 25.10 | 23.60 | 23.90 | 23.30 | 24.30 | 23.70 | 24.10 | 23.90 |
| Total non-current liabilities | 3,290.07 | 3,354.92 | 3,419.08 | 3,022.21 | 2,997.46 | 2,831.67 | 2,720.79 | 2,705.84 | 2,551.24 | 2,447.75 | 2,269.83 | 2,182.17 | 2,072.78 | 1,976.73 | 1,900.33 | 1,974.27 | 1,881.61 | 1,720.70 | 1,559.90 | 1,561.15 | 1,399.02 | 1,254.00 | 1,181.83 | 865.58 | 1,049.74 | 898.97 | 955.91 | 763.70 | 799.54 | 754.00 | 645.51 | 646.65 | 585.71 | 552.56 | 518.94 | 467.98 | 449.85 | 405.54 | 442.20 | 396.00 | 357.03 | 324.16 | 340.61 | 325.89 | 292.11 | 229.50 | 229.63 | 187.58 | 168.72 | 164.28 | 195.02 | 161.25 | 131.32 | 167.42 | 73.56 | 65.80 | 56.46 | 64.27 | 69.43 | 72.74 | 73.08 | 110.83 | 1.81 | 75.28 | 105.54 | 76.43 | 116.15 | 115.68 | 112.91 | 112.07 | 97.70 | 92.20 | 85.80 | 82.60 | 76.60 | 73.30 | 70.80 | 68.80 | 64.60 | 61.80 | 62.30 |
| Total liabilities | 3,945.95 | 3,526.46 | 3,610.79 | 3,430.34 | 3,155.66 | 2,975.79 | 2,889.57 | 2,837.76 | 2,689.19 | 2,574.68 | 2,401.71 | 2,293.96 | 2,188.58 | 2,082.80 | 2,007.39 | 2,063.99 | 1,962.85 | 1,807.59 | 1,655.90 | 1,644.37 | 1,478.53 | 1,359.93 | 1,282.23 | 925.67 | 1,151.93 | 972.97 | 1,032.91 | 836.52 | 860.92 | 789.70 | 680.26 | 680.26 | 614.38 | 583.44 | 544.16 | 490.89 | 470.69 | 426.42 | 463.38 | 414.42 | 375.10 | 338.93 | 349.55 | 334.44 | 300.18 | 237.55 | 236.21 | 194.17 | 175.29 | 170.53 | 200.59 | 166.82 | 136.89 | 172.13 | 135.16 | 117.11 | 93.82 | 131.72 | 119.39 | 113.14 | 112.45 | 117.91 | 98.99 | 94.71 | 121.56 | 121.96 | 121.64 | 121.30 | 118.98 | 118.91 | 120.75 | 110.30 | 104.43 | 101.84 | 94.38 | 91.31 | 88.26 | 87.22 | 82.46 | 80.02 | 80.21 |
| Total stockholders' equity | 6,238.84 | 6,270.99 | 5,872.98 | 5,654.04 | 5,644.45 | 5,510.05 | 5,293.96 | 5,162.26 | 5,178.60 | 5,199.21 | 5,244.28 | 4,976.84 | 4,796.54 | 4,629.00 | 4,547.17 | 3,972.58 | 3,674.07 | 3,417.69 | 3,339.89 | 3,118.40 | 2,798.02 | 2,524.49 | 2,263.57 | 2,184.10 | 1,755.09 | 1,689.33 | 1,488.22 | 1,465.64 | 1,287.07 | 1,236.08 | 1,065.87 | 1,065.87 | 910.31 | 908.66 | 820.30 | 793.38 | 684.99 | 682.98 | 572.98 | 556.30 | 448.04 | 451.12 | 397.20 | 368.21 | 350.52 | 353.62 | 284.13 | 284.49 | 288.58 | 289.57 | 240.39 | 241.37 | 240.66 | 195.31 | 194.86 | 195.29 | 195.07 | 159.55 | 159.93 | 165.32 | 165.31 | 164.24 | 171.88 | 172.41 | 142.11 | 136.76 | 136.24 | 135.60 | 132.71 | 132.64 | 131.97 | 131.74 | 131.58 | 131.61 | 130.58 | 130.52 | 130.47 | 130.42 | 130.27 | 130.33 | 130.44 |
| Common shares outstanding | 120 | 115 | 112 | 108 | 108 | 105 | 102 | 100 | 100 | 100 | 97 | 93 | 91 | 89 | 81 | 76 | 71 | 71 | 70 | 65 | 63 | 56 | 55 | 53 | 46 | 43 | 42 | 41 | 38 | 35 | 32 | 31 | 31 | 30 | 29 | 29 | 26 | 25 | 24 | 22 | 20 | 19 | 18 | 18 | 17 | 15 | 15 | 15 | 15 | 14 | 13 | 13 | 13 | 11 | 11 | 11 | 11 | 11 | 10 | 10 | 10 | 10 | 10 | 10 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |