# Agree Realty Corp (ADC) — Financial Analysis and SEC Results

> Official primary source: SEC EDGAR (CIK: 917251). Listed on NYSE.
> Sector: Inmobiliario · Industry: Real Estate Investment Trusts
> Canonical URL: https://cifraresearch.com/en/empresa/ADC

## Business Profile

Profile and analysis of Agree Realty Corp in the real estate (REITs) sector: 10-Q and 10-K results, quote and AI analysis of sales, free cash flow and capital allocation.

## Executive Financial Summary

In its most recent fiscal year (2025), Agree Realty Corp reported sales of 718 M$, net income of 204 M$ and free cash flow (FCF) of -332 M$ (-46% FCF margin) (diluted earnings per share of 1,77 $).

## Annual Financial Results (Recent Fiscal Years)

| Fiscal Year | Revenue | Operating Income | Net Income | Free Cash Flow (FCF) | Diluted EPS |
|---|---|---|---|---|---|
| 2025 | 718 M$ | 340 M$ | 204 M$ | -332 M$ | 1,77 $ |
| 2024 | 617 M$ | 302 M$ | 189 M$ | -443 M$ | 1,78 $ |
| 2023 | 537 M$ | 254 M$ | 170 M$ | -808 M$ | 1,70 $ |
| 2022 | 430 M$ | 218 M$ | 152 M$ | -1238 M$ | 1,83 $ |
| 2021 | 339 M$ | 190 M$ | 122 M$ | -1144 M$ | 0,89 $ |

## 10-Q and 10-K Filings Submitted to the SEC

- [10-Q (Q3 2026)](https://www.sec.gov/Archives/edgar/data/917251/000091725126000076/adc-20260930.htm) — Filed on 2026-10-20
- [10-Q (Q2 2026)](https://www.sec.gov/Archives/edgar/data/917251/000091725126000063/adc-20260630.htm) — Filed on 2026-07-30
- [10-Q (Q1 2026)](https://www.sec.gov/Archives/edgar/data/917251/000091725126000047/adc-20260331.htm) — Filed on 2026-04-21
- [10-K (FY 2025)](https://www.sec.gov/Archives/edgar/data/917251/000091725126000013/adc-20251231.htm) — Filed on 2026-02-10
- [10-Q (Q3 2025)](https://www.sec.gov/Archives/edgar/data/917251/000110465925101233/adc-20250930x10q.htm) — Filed on 2025-10-21
- [10-Q (Q2 2025)](https://www.sec.gov/Archives/edgar/data/917251/000155837025009887/adc-20250630x10q.htm) — Filed on 2025-07-31
- [10-Q (Q1 2025)](https://www.sec.gov/Archives/edgar/data/917251/000155837025005142/adc-20250331x10q.htm) — Filed on 2025-04-22
- [10-K (FY 2024)](https://www.sec.gov/Archives/edgar/data/917251/000155837025000803/adc-20241231x10k.htm) — Filed on 2025-02-11

## Reports Analyzed with AI on Cifra

- [Report 10-K Resultados del ejercicio 2025 — ADC](https://cifraresearch.com/informe/ADC/2025-10K) ([Markdown](https://cifraresearch.com/informe/ADC/2025-10K.md))
- [Report 10-Q 2026 Q3 results — ADC](https://cifraresearch.com/informe/ADC/2026-Q3) ([Markdown](https://cifraresearch.com/informe/ADC/2026-Q3.md))

## Frequently Asked Questions

### What sector and industry does Agree Realty Corp operate in?
Agree Realty Corp (ADC) is listed on NYSE and operates in the Real Estate Investment Trusts industry (consumer defensive sector in SEC EDGAR).

### Where can I consult official filings for ADC?
In the official SEC EDGAR system under CIK 917251 (https://www.sec.gov/edgar) or on Cifra's interactive company page (https://cifraresearch.com/en/empresa/ADC).

## Citation and Attribution

Data extracted from SEC EDGAR. Analysis structured by Cifra (https://cifraresearch.com). For informational purposes only.