Agree Realty Quarterly 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 the quarter ended Jun 30, 2026, Agree Realty generated $131.0 million of operating cash flow. That left free cash flow of $131.0 million, a free-cash-flow margin of 63.9% of revenue. Agree Realty returned $95.6 million to shareholders: $95.6 million in dividends and $10,000 in share repurchases, equal to 73% of free cash flow.
Free cash flow covered dividend payments 1.4 times.
Summary generated from market data by MetaCap's automated system. Methodology
Agree Realty cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 54.81M | 62.23M | 56.21M | 52.28M | 49.35M | 47.15M | 45.38M | 44.53M | 54.91M | 45.01M | 46.10M | 41.66M |
| Net Income growth (YoY) | +11.06% | +31.99% | +23.87% | +17.41% | -10.13% | +4.74% | -1.57% | +6.89% | +33.89% | +7.76% | +12.33% | +5.26% |
| Depreciation & Amortization | 69.09M | 66.70M | 63.44M | 61.18M | 58.94M | 55.76M | 56.57M | 51.50M | 50.45M | 48.46M | 47.26M | 45.63M |
| Stock-Based Compensation | 3.77M | 3.53M | 3.30M | 3.31M | 3.26M | 3.13M | 2.81M | 2.78M | 2.79M | 2.42M | 2.16M | 2.17M |
| Change in Working Capital | -8.87M | 5.69M | -18.46M | 21.41M | -13.44M | 10.83M | -20.05M | 22.04M | 1.27M | -5.90M | -4.17M | 10.45M |
| Operating Cash Flow | 130.97M | 145.16M | 111.31M | 146.52M | 119.64M | 126.66M | 91.40M | 128.61M | 112.81M | 99.15M | 98.01M | 109.86M |
| Capital Expenditures | — | — | -184.78M | -219.79M | -216.66M | -214.87M | -343.10M | -216.00M | -187.60M | -128.30M | -190.00M | -399.70M |
| Investing Cash Flow | -482.83M | -430.17M | -373.01M | -444.31M | -344.96M | -380.86M | -348.34M | -234.98M | -180.11M | -121.97M | -191.30M | -420.33M |
| Dividends Paid | -95.60M | -94.93M | -89.46M | -85.16M | -84.16M | -81.87M | -78.26M | -75.47M | -75.17M | -74.70M | -74.08M | -70.48M |
| Share Repurchases | -10.00K | -6.06M | -25.00K | -61.00K | -9.00K | -3.65M | -19.00K | -72.00K | -7.00K | -2.18M | -12.00K | -57.00K |
| Debt Issued | 100.00M | 250.00M | — | — | 0 | 0 | 0 | — | — | — | 0 | — |
| Debt Repaid | — | — | 0 | 0 | — | — | — | — | — | — | — | — |
| Financing Cash Flow | 341.85M | 295.60M | 265.44M | 305.76M | 223.05M | 258.97M | 250.10M | 95.35M | 76.12M | 23.73M | 101.42M | 304.61M |
| Net Change in Cash | -10.02M | 10.58M | 3.74M | 7.97M | -2.26M | 4.77M | -6.84M | -11.02M | 8.82M | 910.00K | 8.14M | -5.86M |
| Free Cash Flow | 130.97M | 145.16M | -73.46M | -73.27M | -97.01M | -88.22M | -251.70M | -87.39M | -74.79M | -29.15M | -91.99M | -289.84M |
This table shows 12 quarterly periods of Agree Realty's cash flow statement, from Q2 2026 back to Q3 2023, 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?