| Cash Flow | 2025-09-30 |
|---|---|
| Net income | 148,780 |
| Depreciation and amortization | 175,872 |
| Amortization from above (below) market lease intangibles, net | 26,427 |
| Amortization from financing costs, credit facility costs and debt discount | 5,401 |
| Stock-based compensation | 9,694 |
| Straight-line accrued rent | 12,774 |
| Provision for impairment | 10,272 |
| Settlement of interest rate swaps | -13,551 |
| Gain on sale of assets | 3,207 |
| Change in accounts receivable | -1,561 |
| Change in other assets | 16,829 |
| Change in accounts payable, accrued expenses, and other liabilities | 34,073 |
| Net cash provided by operating activities | 392,821 |
| Acquisition of real estate investments and other assets | 1,089,670 |
| Development of real estate investments and other assets, net of reimbursements (including capitalized interest of 1,497 in 2025 and 1,126 in 2024) | 102,085 |
| Payment of leasing costs | 1,142 |
| Net proceeds from sale of assets | 22,772 |
| Net cash used in investing activities | -1,170,125 |
| Proceeds from common stock offerings, net | 476,046 |
| Repurchase of common shares | 3,715 |
| Unsecured revolving credit facility and commercial paper notes borrowings | 19,151,777 |
| Unsecured revolving credit facility and commercial paper notes repayments | 18,920,777 |
| Payments of mortgage notes payable | 763 |
| Proceeds from senior unsecured notes | 397,188 |
| Payments of senior unsecured notes | 50,000 |
| Payment of series a preferred dividends | 5,578 |
| Payment of common stock dividends | 251,190 |
| Distributions to non-controlling interest | 797 |
| Payments for financing costs | 4,408 |
| Net cash provided by financing activities | 787,783 |
| Change in cash and cash equivalents and cash held in escrow | 10,479 |
| Cash and cash equivalents at beginning of period | 6,399 |
| Cash and cash equivalents at end of period | 16,878 |
AGREE REALTY CORP (ADC-PA)
AGREE REALTY CORP (ADC-PA)