The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net income | 62,231 | 56,209 | 148,780 |
| Depreciation and amortization | 66,699 | 63,436 | 175,872 |
| Amortization from above (below) market lease intangibles, net | 10,678 | 9,987 | 26,427 |
| Amortization from financing costs, credit facility costs and debt discount | 2,087 | 2,008 | 5,401 |
| Stock-based compensation | 3,534 | 3,297 | 9,694 |
| Straight-line accrued rent | 4,942 | 4,582 | 12,774 |
| Provision for impairment | 1,400 | 1,600 | 10,272 |
| Settlement of interest rate swaps | - | 0 | -13,551 |
| Gain on sale of assets | 1,697 | 2,209 | 3,207 |
| Gain on involuntary conversion | 528 | -30 | - |
| Change in accounts receivable | 2,292 | 378 | -1,561 |
| Change in other assets | 12,489 | -10,247 | 16,829 |
| Change in accounts payable, accrued expenses, and other liabilities | 20,475 | -28,330 | 34,073 |
| Net cash provided by operating activities | 145,156 | 111,315 | 392,821 |
| Acquisition of real estate investments and other assets | 412,335 | 348,423 | 1,089,670 |
| Development of real estate investments and other assets, net of reimbursements (including capitalized interest of 476 in 2026, 442 in 2025) | 28,883 | 43,351 | 102,085 |
| Net proceeds from involuntary conversion | 1,287 | - | - |
| Payment of leasing costs | 306 | 528 | 1,142 |
| Net proceeds from sale of assets | 10,065 | 19,295 | 22,772 |
| Net cash used in investing activities | -430,172 | -373,007 | -1,170,125 |
| Proceeds from common stock offerings, net | 0 | 428,265 | 476,046 |
| Repurchase of common shares | 6,058 | 25 | 3,715 |
| Unsecured revolving credit facility and commercial paper notes borrowings | 12,540,741 | 9,806,317 | 19,151,777 |
| Unsecured revolving credit facility and commercial paper notes repayments | 12,391,591 | 9,874,817 | 18,920,777 |
| Payments of mortgage notes payable | 267 | 263 | 763 |
| Unsecured term loan proceeds | 250,000 | 0 | - |
| Proceeds from senior unsecured notes | - | 0 | 397,188 |
| Payments of senior unsecured notes | - | 0 | 50,000 |
| Payment of series a preferred dividends | 1,859 | 1,859 | 5,578 |
| Payment of common stock dividends | 94,930 | 89,462 | 251,190 |
| Distributions to non-controlling interest | 273 | 271 | 797 |
| Payments for financing lease liability | - | 0 | - |
| Payments for financing costs | 164 | 2,449 | 4,408 |
| Net cash provided by financing activities | 295,599 | 265,436 | 787,783 |
| Change in cash and cash equivalents and cash held in escrow | 10,583 | 3,744 | 10,479 |
| Cash and cash equivalents and cash held in escrow, beginning of period | 20,622 | 16,878 | 6,399 |
| Cash and cash equivalents and cash held in escrow, end of period | 31,205 | 20,622 | 16,878 |
AGREE REALTY CORP (ADC-PA)
AGREE REALTY CORP (ADC-PA)