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Agree Realty ADC Deferred Revenue

Deferred Revenue at other companies

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$2.7M-51.8%
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$11B-11.3%
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$4.33B+13.5%
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$4.21B+16.3%

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:DeferredRevenue.

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

As of March 31, 2026, and December 31, 2025, there was $33.6 million and $36.2 million, respectively, in deferred revenues resulting from rents paid in advance. Deferred revenues are recognized within accounts payable, accrued expenses, and other liabilities on the condensed consolidated balance sheets as of those dates.

Item 1. Financial Statements (Unaudited)

FAQ

What is Agree Realty's deferred revenue?
Agree Realty (ADC) reported deferred revenue of $33.6M in Q1 2026.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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