| Balance Sheets | 2025-09-30 | |||
|---|---|---|---|---|
| Land | 2,787,363 | |||
| Buildings | 6,123,531 | |||
| Less accumulated depreciation | 677,700 | |||
| Real estate investments excluding property under development | 8,233,194 | |||
| Property under development | 64,047 | |||
| Net real estate investments | 8,297,241 | |||
| Real estate held for sale, net | 706 | |||
| Cash and cash equivalents | 13,696 | |||
| Cash held in escrow | 3,182 | |||
| Accounts receivable - tenants, net | 117,602 | |||
| Lease intangibles, net of accumulated amortization of 546,136 and 461,419 at september 30, 2025 and december 31, 2024, respectively | 966,964 | |||
| Other assets, net | 84,639 | |||
| Total assets | 9,484,030 | |||
| Mortgage notes payable, net | 41,718 | |||
| Unsecured term loan, net | 347,900 | |||
| Senior unsecured notes, net | 2,583,685 | |||
| Unsecured revolving credit facility and commercial paper notes | 389,000 | |||
| Dividends and distributions payable | 29,927 | |||
| Accounts payable, accrued expenses, and other liabilities | 161,782 | |||
| Lease intangibles, net of accumulated amortization of 48,671 and 46,003 at september 30, 2025 and december 31, 2024, respectively | 56,777 | |||
| Total liabilities | 3,610,789 | |||
| Preferred stock, .0001 par value per share, 4,000,000 shares authorized, 7,000 shares series a outstanding, at stated liquidation value of 25,000 per share, at september 30, 2025 and december 31, 2024 | 175,000 | |||
| Common stock, .0001 par value, 360,000,000 and 180,000,000 shares authorized, 114,134,251 and 107,248,705 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively | 11 | |||
| Additional paid-in-capital | 6,247,606 | |||
| Dividends in excess of net income | 581,162 | |||
| Accumulated other comprehensive income | 31,528 | |||
| Total equity - agree realty corporation | 5,872,983 | |||
| Non-controlling interest | 258 | |||
| Total equity | 5,873,241 | |||
| Total liabilities and equity | 9,484,030 | |||
AGREE REALTY CORP (ADC-PA)
AGREE REALTY CORP (ADC-PA)