What are Agree Realty's total assets?

Agree Realty (ADC) holds $10.2B in total assets, up 15.7% year over year.

How much debt does Agree Realty have?

Agree Realty carries $3.8B in total debt against $6.2B of shareholders' equity, a debt-to-equity ratio of 0.61.

How much cash does Agree Realty have?

Agree Realty holds $31.2M in cash and equivalents.

Where does Agree Realty's balance sheet data come from?

Every line is extracted from Agree Realty's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Agree Realty ADC Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Cash and cash equivalents	$31.21M+179%	$20.62M+222%	$13.7M+3.5%	$5.82M-39.6%	$11.17M+76.9%
Operating lease right-of-use assets	5%0.0%	——	——	——	5%—
Intangible assets, net	$971.54M—	——	——	——	——
Other non-current assets	$6.04B+6,702%	$80.85M-10.8%	$84.64M-9.5%	$82.53M-9.4%	$88.73M-5.7%
Net loans	$129.62M+22.9%	$122.48M+15.1%	$117.6M+19.8%	$108.12M+14.0%	$105.49M+15.5%
Land	$3.01B+16.0%	$2.9B+15.2%	$2.79B+15.9%	$2.66B+13.8%	$2.6B+12.7%
Buildings and improvements	$6.57B+16.3%	$6.33B+17.0%	$6.12B+17.8%	$5.87B+16.0%	$5.65B+14.4%
Construction in progress	$60.07M+19.4%	$62.69M+12.3%	$64.05M+21.4%	$62.17M+38.6%	$50.29M+19.4%
Accumulated depreciation	$758.52M+26.2%	$715.73M+26.8%	$677.7M+28.7%	$638.96M+29.2%	$601.09M+29.6%
Total assets	$10.18B+15.7%	$9.8B+15.5%	$9.48B+15.9%	$9.08B+13.5%	$8.8B+11.8%
Accounts payable	$20.48M+52.1%	——	$28.43M+14.0%	——	$13.46M+17.7%
Deferred revenue	$33.6M—	$36.2M—	——	——	——
Current portion of long-term debt	$50M—	——	——	——	——
Operating lease liabilities, current	$19.86M+0.5%	$20.11M+12.7%	$19.3M+14.0%	$19.54M+14.6%	$19.77M+17.5%
Dividends payable	$32.18M+12.7%	$32.16M+15.5%	$29.93M+12.6%	$29.04M+12.3%	$28.54M+11.7%
Long-term debt	$3.72B—	——	——	——	——
Finance Lease Liabilities (Total)	$5.21M+62.9%	$3.17M-0.9%	$3.19M-51.4%	$3.2M-46.7%	$3.2M-46.9%
Operating Lease Liabilities (Total)	$19.86M+0.5%	$20.11M+12.7%	$19.3M+14.0%	$19.54M+14.6%	$19.77M+17.5%
Finance lease liabilities	$5.21M+62.9%	$3.17M-0.9%	$3.19M-51.4%	$3.2M-46.7%	$3.2M-46.9%
Senior unsecured notes, net	$2.59B+15.5%	$2.58B+15.5%	$2.58B+15.5%	$2.58B+15.5%	$2.24B+24.7%
Lease intangible liabilities, net	$61.77M+30.4%	$60.19M+30.1%	$56.78M+25.6%	$49.67M+34.3%	$47.35M+28.8%
Total liabilities	$3.94B+24.9%	$3.53B+18.5%	$3.61B+25.0%	$3.43B+20.9%	$3.16B+17.3%
Preferred stock	$175M0.0%	$175M0.0%	$175M0.0%	$175M0.0%	$175M0.0%
Common stock	360M+3,272,627%	360M+100%	11K+10.0%	180M+1,799,900%	11K+10.0%
Additional paid-in capital	$6.68B+12.2%	$6.68B+15.8%	$6.25B+12.9%	$5.99B+11.9%	$5.95B+11.1%
Accumulated other comprehensive income (loss)	$40.64M+38.5%	$35.51M-11.4%	$31.53M+70.8%	$31.89M+3.2%	$29.34M+7.0%
Noncontrolling interests	$90K-80.8%	$168K-72.7%	$258K-61.4%	$364K-55.6%	$468K-46.7%
Distributions in excess of accumulated earnings	$653.43M+28.6%	$618.68M+31.5%	$581.16M+33.8%	$545.37M+36.1%	$508.06M+34.3%
Total stockholders' equity	$6.24B+10.5%	$6.27B+13.8%	$5.87B+10.9%	$5.65B+9.5%	$5.64B+9.0%
Total liabilities and stockholders' equity	$10.18B+15.7%	$9.8B+15.5%	$9.48B+15.9%	$9.08B+13.5%	$8.8B+11.8%
Allowance for Doubtful Accounts	$0—	$0—	——	——	——
Allowance for Doubtful Accounts Receivable (Current)	$0—	$0—	——	——	——
Operating Lease Income - 2022 (Lessor)	$734.29M—	——	——	——	——
Operating Lease Income - 2025 (Lessor)	$577.46M—	——	——	——	——
Operating Lease Receivables (Current)	$6.04B—	——	——	——	——
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)	$79.27M—	——	——	——	——
Net Investment in Lease	$6.04B—	$46.5M—	——	——	——
Intangible assets — net	$971.54M—	——	——	——	——
Operating lease right-of-use assets	$47.1M—	$46.5M—	——	——	——
Other Assets	$96.86M+9.2%	$80.85M-10.8%	$84.64M-9.5%	$82.53M-9.4%	$88.73M-5.7%
Real estate held for sale, net	$3.08M+141%	$0—	$706K-94.8%	$3.47M—	$1.28M-76.4%
Real Estate Investment Property, Excluding Property Under Development, Net of Accumulated Depreciation	$8.83B+15.4%	$8.51B+15.6%	$8.23B+16.4%	$7.9B+14.3%	$7.65B+12.8%
Real Estate Investment Property, Net	$8.89B+15.5%	$8.57B+15.6%	$8.3B+16.4%	$7.96B+14.5%	$7.7B+12.8%
Operating Lease Income - 2026 (Lessor)	$698.46M—	——	——	——	——
Operating Lease Income - 2027 (Lessor)	$645.16M—	——	——	——	——
Operating Lease Income - 2028 (Lessor)	$577.46M—	——	——	——	——
Operating Lease Right-of-Use Assets in Other Assets	$47.1M—	$46.5M—	——	——	——
Finance Lease Liability Payment Due	$10.63M—	——	——	——	——
Lease Liability Payments - 2020 (Remaining Three Months)	$1.38M—	——	——	——	——
Lease Liability Payments - 2021	$351K—	——	——	——	——
Operating Lease Liability Payments - 2024 (Lessee)	$1.9M—	——	——	——	——
Operating Lease Liability Payments - 2025 (Lessee)	$1.65M—	——	——	——	——
Lease Liability Payments - Due Year Two	$351K—	——	——	——	——
Lease Liability Payments - Due Year Three	$1.89M—	——	——	——	——
Lease Liability Payments - Due Year Four	$1.65M—	——	——	——	——
Lease Liability Payments - Remainder of Fiscal Year	$264K—	——	——	——	——
Operating Lease Liability Payments Due	$36.13M—	——	——	——	——
Operating Lease Liability - Undiscounted Excess Amount	$16.27M—	——	——	——	——
Debt Maturity - 2024	$470.01M—	——	——	——	——
Debt Maturity - 2027	$492.25M—	——	——	——	——
Operating Lease Liability Payments - 2026 (Lessee)	$1.89M—	——	——	——	——
Operating Lease Liability Payments - 2027 (Lessee)	$1.89M—	——	——	——	——
Operating Lease Liability Payments - 2028 (Lessee)	$1.65M—	——	——	——	——
Accounts payable, accrued expenses, and other liabilities (includes VIE balances of $159 and $183)	$154.05M+18.8%	$139.38M+19.9%	$161.78M+13.8%	$132.09M+24.5%	$129.65M+15.4%
Unsecured revolving credit facility and commercial paper notes	$469.65M—	$320.5M+103%	$389M—	$247M—	——
Unsecured debt	$596.68M+71.7%	$348.07M+0.2%	$347.9M+0.2%	$347.77M+0.2%	$347.61M+0.2%
Secured Debt	$41.37M-1.6%	$41.55M-1.6%	$41.72M-1.5%	$41.89M-1.5%	$42.05M-1.4%
Total debt	$3.8B+16,437%	$23.28M+10.6%	$22.5M-4.3%	$22.74M-1.4%	$22.96M+0.5%
Total Carrying Value of Debt	$3.72B—	——	——	——	——
Common Stock Par Value Per Share	$0.00—	$0.00—	——	——	——
Common Stock Shares Issued	120.1M—	120M—	——	——	——
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$12K+9.1%	$12K+20.0%	$11K+10.0%	$11K+10.0%	$11K+10.0%
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$175M0.0%	$175M0.0%	$175M0.0%	$175M0.0%	$175M0.0%
Operating Lease Income - 2023 (Lessor)	$645.16M—	——	——	——	——
Operating Lease Income - 2024 (Lessor)	$645.16M—	——	——	——	——
Number of customers	1—	——	——	——	——
Number of leases	1—	——	——	——	——
Accounts Receivable, after Allowance for Credit Loss	$129.62M+22.9%	$122.48M+15.1%	$117.6M+19.8%	$108.12M+14.0%	$105.49M+15.5%
Accounts Receivable, Allowance for Credit Loss	$0—	$0—	——	——	——
Below Market Lease Accumulated Amortization	$51.37M—	$49.8M—	——	——	——
Common stock, par value (in dollars per share)	$0—	$0—	——	——	——
Common stock, shares authorized (in shares)	$360M—	$360M+100%	——	$180M—	——
Common stock, shares issued (in shares)	$120.1M—	$120.03M—	——	——	——
Common Stock, Shares, Outstanding	$120.1M—	$120.03M—	——	——	——
Long-term debt, gross	$3.72B—	——	——	——	——
Derivative net asset position aggregate fair value	$9.4M—	$3.3M—	——	——	——
Escrow deposit	$6.13M+88.3%	$4.33M—	$3.18M—	$3.09M-78.9%	$3.25M-64.3%
Finance Lease Liability Payments Due	$10.63M—	——	——	——	——
2027	$351K—	——	——	——	——
Finance Lease Liability Payments Due Year Four	$355K—	——	——	——	——
Finance Lease Liability Payments Due Year Three	$352K—	——	——	——	——
Finance Lease Liability Payments Due Year Two	$351K—	——	——	——	——
Finance Lease, Liability, to be Paid, Year Five and After Year Five	$8.96M—	——	——	——	——
Finance Lease Liability Undiscounted Excess Amount Remainder Of Fiscal Year	$233K—	——	——	——	——
Finance Lease Liability Undiscounted Excess Amount Year Two	$306K—	——	——	——	——
Finance Lease Liability Undiscounted Excess Amount Year Five And After Year Five	$3.97M—	——	——	——	——
Finance Lease Liability Undiscounted Excess Amount Year Four	$301K—	——	——	——	——
Finance Lease Liability Undiscounted Excess Amount Next Twelve Months	$309K—	——	——	——	——
Finance Lease Liability Undiscounted Excess Amount Year Three	$304K—	——	——	——	——
Finance Leases, Liability, Undiscounted Excess Amount	$5.42M—	——	——	——	——
Finite Lived Intangible Asset Acquired In Place Leases	$1.03B+15.1%	$1B+15.7%	$966.96M+15.4%	$923.09M+10.2%	$897.38M+6.7%
Finite-Lived Intangible Asset, Expected Amortization, Year Five And After Year Five	$477.05M—	——	——	——	——
Finite-Lived Intangible Assets, Accumulated Amortization	$609.19M—	$576.95M—	——	——	——
2028	$106.48M—	——	——	——	——
2030	$79.27M—	——	——	——	——
Remainder of 2026	$96M—	——	——	——	——
2027	$118.31M—	——	——	——	——
2029	$94.44M—	——	——	——	——
Total gross leasable area (GLA)	57.5M—	55.5M—	——	——	——
Lessee Operating Lease Liability Payments Due	$36.13M—	——	——	——	——
Lessee, Operating Lease, Liability, To Be Paid, Year Five And After Year Five	$27.39M—	——	——	——	——
Lessee Operating Lease Liability Undiscounted Excess Amount Year Three	$705K—	——	——	——	——
Lessee Operating Lease Liability Undiscounted Excess Amount Year Five And After Year Five	$12.69M—	——	——	——	——
Lessee Operating Lease Liability Undiscounted Excess Amount Remainder Of Fiscal Year	$648K—	——	——	——	——
Lessee Operating Lease Liability Undiscounted Excess Amount Next Twelve Months	$819K—	——	——	——	——
Lessee Operating Lease Liability Undiscounted Excess Amount	$16.27M—	——	——	——	——
Lessee Operating Lease Liability Undiscounted Excess Amount Year Four	$647K—	——	——	——	——
Lessee Operating Lease Liability Undiscounted Excess Amount Year Two	$763K—	——	——	——	——
Lessor, Operating Lease, Payment to be Received, Year Five And After Year Five	$2.82B—	——	——	——	——
Remainder of fiscal 2026	$559.56M—	——	——	——	——
2028	$410M—	——	——	——	——
2029	$492.25M—	——	——	——	——
2030	$475M—	——	——	——	——
2027	$50M—	——	——	——	——
Remainder of 2026	$470.01M—	——	——	——	——
Long-Term Debt Maturities Repayments Of Principal In Year Five And After Year Five	$1.83B—	——	——	——	——
Noncontrolling interests in subsidiaries	$90K-80.8%	$168K-72.7%	$258K-61.4%	$364K-55.6%	$468K-46.7%
Total Lease Liabilities 2027	$42K—	——	——	——	——
Total lease Liabilities 2026 (remaining)	$31K—	——	——	——	——
Total Lease Liabilities Thereafter	$4.99M—	——	——	——	——
Total Lease Liabilities 2030	$54K—	——	——	——	——
Total Lease Liabilities 2029	$48K—	——	——	——	——
Total Lease Liabilities 2028	$45K—	——	——	——	——
Total Lease Liabilities 2027	$1.1M—	——	——	——	——
Total Lease Liabilities 2026 (remaining)	$732K—	——	——	——	——
Total Lease Liabilities Thereafter	$14.71M—	——	——	——	——
Total Lease Liabilities 2030	$1M—	——	——	——	——
Total Lease Liabilities 2029	$1.18M—	——	——	——	——
Total Lease Liabilities 2028	$1.13M—	——	——	——	——
Number Of Real Estate Properties	2.8K—	2.7K—	——	——	——
Number of real estate properties held-for-sale	4—	0—	——	——	——
Number of properties sold	7+600%	——	——	——	1—
Lease obligations, net	$25.1M—	$23.3M—	——	——	——
Operating Lease Weighted Average Discount Rate Percent	$0.050.0%	——	——	——	$0.05—
Real Estate Held For Sale Accumulated Depreciation	$139K—	——	——	——	——
Building	$2.09M—	——	——	——	——
Land	$1.13M—	——	——	——	——
Real Estate Inventory Capitalized Interest Costs	$476K—	$442K—	——	——	——
Straight-line rent receivables	$99.4M—	$94.5M—	——	——	——
Remainder of Fiscal Year 2024	$470.01M—	——	——	——	——
Remainder of Fiscal Year 2025	$96M—	——	——	——	——
Weighted-Average Discount Rate	5%0.0%	——	——	——	5%—
Weighted-Average Discount Rate - Finance Leases	$0.050.0%	——	——	——	$0.05—

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Questions, answered.

What are Agree Realty's total assets?: Agree Realty (ADC) holds $10.2B in total assets, up 15.7% year over year.
How much debt does Agree Realty have?: Agree Realty carries $3.8B in total debt against $6.2B of shareholders' equity, a debt-to-equity ratio of 0.61.
How much cash does Agree Realty have?: Agree Realty holds $31.2M in cash and equivalents.
Where does Agree Realty's balance sheet data come from?: Every line is extracted from Agree Realty's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.