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Agree Realty ADC Construction in progress

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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$8.8B+9.3%
Enterprise value$12.56B+54.6%
P/E40.1×-2.0×
P/S11.7×-0.9×

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:DevelopmentInProcess.

The official record: Agree Realty’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Agree Realty's construction in progress?
Agree Realty (ADC) reported construction in progress of $60.07M in Q1 2026.
How has Agree Realty's construction in progress changed year-over-year?
Agree Realty's construction in progress increased by 19.4% year-over-year, from $50.29M to $60.07M.
What is the long-term trend for Agree Realty's construction in progress?
Over 5 years (2020 to 2025), Agree Realty's construction in progress has grown at a 42.5% compound annual growth rate (CAGR), from $10.65M to $62.69M.
What does construction in progress mean?
The value of properties currently being built or renovated.
How do you interpret construction in progress?
Higher levels indicate active development pipelines and future growth potential, but also represent capital tied up without immediate return.
How does construction in progress compare across companies?
Common among REITs with active development programs; varies significantly based on the company's growth strategy.