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AGREE REALTY CORP (ADC)

AGREE REALTY CORP (ADC)

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Cash Flow Overview

Unit: Thousand (K) dollars
Positive Cash Flow Breakdown
    • Unsecured revolving credit facil...
    • Proceeds from common stock offer...
    • Proceeds from unsecured term loa...
    • Others
Negative Cash Flow Breakdown
    • Unsecured revolving credit facil...
    • Acquisition of real estate inves...
    • Payment of common stock dividend...
    • Others
Cash Flow
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Net income
54,809
62,231
56,209
52,279
Depreciation and amortization
69,094
66,699
63,436
61,179
Amortization from above (below) market lease intangibles, net
11,234
10,678
9,987
9,344
Amortization from financing costs, credit facility costs and debt discount
2,140
2,087
2,008
1,919
Stock-based compensation
3,775
3,534
3,297
3,306
Straight-line accrued rent
4,583
4,942
4,582
4,976
Provision for impairment
5,900
1,400
1,600
2,980
Settlement of interest rate swaps
0
-
0
0
Gain on sale of assets
2,014
1,697
2,209
925
Gain on involuntary conversion
511
528
-30
-
Change in accounts receivable
-2,618
2,292
378
4,536
Change in other assets
-3,358
12,489
-10,247
2,479
Change in accounts payable, accrued expenses, and other liabilities
-14,850
20,475
-28,330
28,428
Net cash provided by operating activities
130,970
145,156
111,315
146,519
Acquisition of real estate investments and other assets
457,667
412,335
348,423
403,677
Development of real estate investments and other assets, net of reimbursements (including capitalized interest of 1,148 in 2026, 939 in 2025)
54,125
28,883
43,351
54,405
Net proceeds from involuntary conversion
662
1,287
-
-
Payment of leasing costs
562
306
528
845
Net proceeds from sale of assets
28,858
10,065
19,295
14,614
Net cash used in investing activities
-482,834
-430,172
-373,007
-444,313
Proceeds from common stock offerings, net
312,872
0
428,265
251,851
Repurchase of common shares
10
6,058
25
61
Unsecured revolving credit facility and commercial paper notes borrowings
30,400,698
12,540,741
9,806,317
12,800,527
Unsecured revolving credit facility and commercial paper notes repayments
30,373,348
12,391,591
9,874,817
12,658,527
Payments of mortgage notes payable
270
267
263
258
Proceeds from senior unsecured notes
0
-
0
0
Payments of senior unsecured notes
0
-
0
0
Proceeds from unsecured term loans
100,000
250,000
0
-
Payment of series a preferred dividends
1,859
1,859
1,859
1,860
Payment of common stock dividends
95,602
94,930
89,462
85,160
Distributions to non-controlling interest
278
273
271
266
Payments for financing lease liability
-
-
0
-
Payments for financing costs
354
164
2,449
485
Net cash provided by financing activities
341,849
295,599
265,436
305,761
Change in cash and cash equivalents and cash held in escrow
-10,015
10,583
3,744
7,967
Cash and cash equivalents and cash held in escrow, beginning of period
31,205
20,622
16,878
6,399
Cash and cash equivalents and cash held in escrow, end of period
21,190
31,205
20,622
16,878
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Cash Flow

Unsecured revolvingcredit facility and...$30,400,698K (378.66%↑ Y/Y)Depreciation andamortization$69,094K (-39.76%↓ Y/Y)Net income$54,809K (-43.20%↓ Y/Y)Amortization from above(below) market lease...$11,234K (-34.24%↓ Y/Y)Proceeds from commonstock offerings, net$312,872K (39.55%↑ Y/Y)Proceeds from unsecuredterm loans$100,000K Provision for impairment$5,900K (-19.09%↓ Y/Y)Stock-based compensation$3,775K (-40.90%↓ Y/Y)Change in other assets-$3,358K (-123.40%↓ Y/Y)Change in accountsreceivable-$2,618K (57.06%↑ Y/Y)Amortization from financingcosts, credit facility...$2,140K (-38.54%↓ Y/Y)Net cash provided byfinancing activities$341,849K (-29.08%↓ Y/Y)Net cash provided byoperating activities$130,970K (-46.83%↓ Y/Y)Canceled cashflow$30,471,721K Canceled cashflow$21,958K Change in cash and cashequivalents and cash held in...-$10,015K (-498.69%↓ Y/Y)Canceled cashflow$472,819K Net proceeds fromsale of assets$28,858K (253.74%↑ Y/Y)Net proceeds frominvoluntary conversion$662K Unsecured revolvingcredit facility and...$30,373,348K (385.02%↑ Y/Y)Payment of common stockdividends$95,602K (-42.42%↓ Y/Y)Payment of series apreferred dividends$1,859K (-50.00%↓ Y/Y)Payments for financingcosts$354K (-90.98%↓ Y/Y)Distributions tonon-controlling interest$278K (-47.65%↓ Y/Y)Payments of mortgagenotes payable$270K (-46.53%↓ Y/Y)Repurchase of common shares$10K (-99.73%↓ Y/Y)Change in accountspayable, accrued...-$14,850K (-363.06%↓ Y/Y)Straight-line accrued rent$4,583K (-41.23%↓ Y/Y)Gain on sale of assets$2,014K (-11.74%↓ Y/Y)Gain on involuntaryconversion$511K Net cash used ininvesting activities-$482,834K (33.48%↑ Y/Y)Canceled cashflow$29,520K Acquisition of real estateinvestments and other assets$457,667K (-33.28%↓ Y/Y)Development of real estateinvestments and other...$54,125K (13.52%↑ Y/Y)Payment of leasing costs$562K (89.23%↑ Y/Y)