Agree Realty Corporation
Agree Realty Corporation (NYSE: ADC) is a real estate investment trust focused on owning, acquiring, developing and managing retail properties leased primarily to national and large regional retailers. Most properties are leased under net agreements that require tenants to pay rent and property operating expenses,… From the company’s description.
In fiscal 2025, Agree Realty Corporation reported revenue of $718.40M, up 16.4% from fiscal 2024, and net income of $204.99M. Its operating margin was 47.4%, and operations generated $504.14M in cash. Over the twelve months to Sep 30, 2026, revenue was $810.28M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Agree Realty Corporation does
In the company’s own words
Agree Realty Corporation (NYSE: ADC) is a real estate investment trust focused on owning, acquiring, developing and managing retail properties leased primarily to national and large regional retailers. Most properties are leased under net agreements that require tenants to pay rent and property operating expenses, including taxes, insurance and maintenance. The company expands its portfolio through acquisitions, ground-up development and its Developer Funding Platform, which supports developers or retailers during construction. It operates as one integrated business, holding and conducting operations through Agree Limited Partnership. At December 31, 2025, its portfolio comprised 2,674 properties totaling approximately 55.5 million square feet across all 50 states; the portfolio was 99.7% leased. In 2025, Agree Realty completed approximately $1.57 billion of investments, including acquisitions and development. Founded in 1971, the company listed its common stock on the New York Stock Exchange in 1994. Its website is www.agreerealty.com.
Company details
- Sector
- Real Estate
- Industry (SIC)
- REITs
- Headquarters
- ROYAL OAK, MI
- Fiscal year end
- December
- CIK
- 917251
- SIC
- 6798
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Agree Realty Corporation — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Agree Realty Corporation’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Agree Realty Corporation’s bonds, as funds hold them
Funds report holding 6 issues of Agree Realty Corporation’s debt, $453.39M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.53%, maturing 2028 to 2035.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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