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Agree Realty ADC Accounts Payable

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Other financials

Income statement

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Revenue$200.8M+18.7%
Operating income$98.6M+25.2%
Net income$62.1M+32.0%
EPS (diluted)$0.50+19.0%

Balance sheet

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Cash & equivalents$31.2M+179%
Total debt$3.8B+16,437%
Total equity$6.2B+10.5%
Total assets$10.2B+15.7%

Cash flow

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Operating cash flow$145.2M+14.6%

Valuation

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Market cap$9.46B+16.1%
Enterprise value$13.23B+61.9%
P/E43.1×-0.8×
P/S12.6×+0.3×

Profitability

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Operating margin48%-0.7pp
Net margin29.3%-0.8pp

Returns & leverage

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Return on equity3.7%+0.2pp
Debt / equity0.6×+0.6×

Where this comes from

Reported directly by Agree Realty in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayable.

The source filing: Agree Realty’s 10-Q, filed April 21, 2026.

Filed
Apr 21, 2026, 4:06 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000917251-26-000047
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Gain on involuntary conversion(528)
Change in accounts receivable(2,292)4,940
Change in other assets(12,489)(7,570)
Change in accounts payable, accrued expenses, and other liabilities20,47513,463
Net Cash Provided by Operating Activities145,156126,657
Cash Flows from Investing Activities
Acquisition of real estate investments and other assets(412,335)(359,684)
Development of real estate investments and other assets, net of reimbursements (including capitalized interest of $476 in 2026, $442 in 2025)(28,883)(23,422)

Item 1. Financial Statements (Unaudited)

FAQ

What is Agree Realty's accounts payable?
Agree Realty (ADC) reported accounts payable of $20.48M in Q1 2026.
How has Agree Realty's accounts payable changed year-over-year?
Agree Realty's accounts payable increased by 52.1% year-over-year, from $13.46M to $20.48M.
What does accounts payable mean?
Amounts owed to suppliers and vendors for goods and services received but not yet paid. A primary source of short-term trade financing.

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