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Agree Realty ADC Impairment Of Real Estate

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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$9.22B+14.4%
Enterprise value$12.99B+60.7%
P/E42×-1.4×
P/S12.3×+0.1×

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:ImpairmentOfRealEstate.

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
Land lease expense554485
General and administrative11,47710,771
Depreciation and amortization66,69955,755
Provision for impairment1,4004,331
Total Operating Expenses104,47991,236
Gain on sale of assets, net1,697772
Gain on involuntary conversion, net528
Income from Operations98,55378,696

Item 1. Financial Statements (Unaudited)

FAQ

What is Agree Realty's impairment of real estate?
Agree Realty (ADC) reported impairment of real estate of $1.4M in Q1 2026.
How has Agree Realty's impairment of real estate changed year-over-year?
Agree Realty's impairment of real estate decreased by 67.7% year-over-year, from $4.33M to $1.4M.
What is the long-term trend for Agree Realty's impairment of real estate?
Over 3 years (2021 to 2025), Agree Realty's impairment of real estate has grown at a 83.6% compound annual growth rate (CAGR), from $1.92M to $11.87M.
What does impairment of real estate mean?
A non-cash charge recognized when the carrying value of a property exceeds its fair market value. It indicates a decline in the expected future economic benefit of specific real estate assets.

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