Agree Realty Cash Flow Statement
NYSE: ADCReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Agree Realty free cash flow
In fiscal 2025, Agree Realty generated $504.1 million of operating cash flow and spent $836.1 million on capital expenditures. That left free cash flow of -$332.0 million, a free-cash-flow margin of -46.2% of revenue. Agree Realty returned $344.4 million to shareholders: $340.7 million in dividends and $3.7 million in share repurchases.
Summary generated from market data by MetaCap's automated system. Methodology
Agree Realty cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 204.99M | 189.83M | 170.55M | 153.03M | 122.88M | 91.97M | 80.76M | 58.80M | 58.79M | 45.80M |
| Net Income growth (YoY) | +7.98% | +11.31% | +11.44% | +24.54% | +33.60% | +13.88% | +37.36% | +0.01% | +28.37% | +15.18% |
| Depreciation & Amortization | 239.31M | 206.99M | 176.28M | 133.57M | 95.73M | 66.76M | 45.70M | 33.03M | 26.66M | 23.41M |
| Stock-Based Compensation | 12.99M | 10.80M | 8.34M | 6.46M | 4.80M | 4.70M | 3.98M | 2.95M | 2.39M | 2.26M |
| Change in Working Capital | 344.00K | -2.64M | 5.42M | 20.74M | 3.15M | -3.45M | -7.62M | -1.60M | 2.50M | -2.13M |
| Operating Cash Flow | 504.14M | 431.97M | 391.60M | 362.12M | 246.31M | 142.96M | 126.71M | 93.25M | 82.20M | 61.73M |
| Capital Expenditures | -836.10M | -874.50M | -1.20B | -1.60B | -1.39B | -1.31B | -702.90M | -608.30M | -43.30M | -27.92M |
| Investing Cash Flow | -1.54B | -885.41M | -1.27B | -1.62B | -1.39B | -1.30B | -667.52M | -568.12M | -319.10M | -297.55M |
| Dividends Paid | -340.65M | -303.60M | -277.68M | -220.30M | -194.30M | -116.11M | -90.26M | -67.64M | -55.15M | -42.06M |
| Share Repurchases | -3.74M | -2.28M | -2.68M | -1.91M | -1.81M | -1.64M | -1.41M | -1.15M | -1.11M | -712.00K |
| Debt Issued | 0 | 0 | 350.00M | 0 | 0 | 0 | 0 | 100.00M | 0 | 60.28M |
| Debt Repaid | -50.00M | 0 | 0 | 0 | 0 | 0 | -18.54M | -761.00K | -739.00K | -239.00K |
| Financing Cash Flow | 1.05B | 445.31M | 869.01M | 1.24B | 1.18B | 1.12B | 528.99M | 470.06M | 262.28M | 266.50M |
| Net Change in Cash | 14.22M | -8.13M | -14.38M | -16.34M | 37.30M | -34.20M | -11.82M | -4.81M | 25.39M | 30.68M |
| Free Cash Flow | -331.96M | -442.53M | -808.40M | -1.24B | -1.14B | -1.17B | -576.19M | -515.05M | 38.90M | 33.82M |
This table shows 10 annual periods of Agree Realty's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow ADC's reporting calendar. What is a cash flow statement?