Agree Realty CorpADC
What Agree Realty Corp does.
The Company is a fully integrated REIT primarily focused on the ownership, acquisition, development and management of retail properties net leased to industry leading tenants. The Company was founded in 1971 by its current Executive Chairman, Richard Agree, and its common stock was listed on the New York Stock Exchange (“NYSE”) in 1994. The Company’s assets are held by, and all of its operations are conducted through, directly or indirectly, the Operating Partnership of which the Company is the sole general partner and in which it held a 99.7% common interest as of December 31, 2025. Under the agreement of limited partnership of the Operating Partnership, the Company, as the sole general partner, has exclusive responsibility and discretion in the management and control of the Operating Partnership.
As of December 31, 2025, the Company’s portfolio consisted of 2,674 properties located in all 50 states and totaling approximately 55.5 million square feet of Gross Leasable Area (“GLA”). The portfolio was approximately 99.7% leased and had a weighted average remaining lease term of approximately 7.8 years. A significant majority of the Company’s properties are leased to national tenants and approximately 66.8% of our annualized base rent was derived from tenants, or parent entities thereof, with an investment grade credit rating from S&P Global Ratings, Moody’s Investors Service, Fitch Ratings or the National Association of Insurance Commissioners. Substantially all of our tenants are subject to net lease agreements. A net lease typically requires the tenant to be responsible for minimum monthly rent and property operating expenses including property taxes, insurance and maintenance.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $248.6M | $339.3M | $429.8M | $537.5M | $617.1M | $718.4M |
| Net income | $91.4M | $122.3M | $152.4M | $170.0M | $189.2M | $204.3M |
| Free cash flow | -$1.2B | -$1.1B | -$1.2B | -$808.4M | -$442.5M | — |
More on ADC.
- Agree Realty Corp summary
- Agree Realty Corp financial statements
- Agree Realty Corp key metrics
- Agree Realty Corp health scores and style box
- Agree Realty Corp earnings
- Agree Realty Corp dividends
- Agree Realty Corp valuation
- Agree Realty Corp ownership and insiders
- Agree Realty Corp peers
Figures from Agree Realty Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.