ADC - Agree Realty Corporation
NYSE
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Real Estate
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REIT—Retail
Bloomfield Hills,
United States
Type: Equity
ADC price evolution
ADC
| (in millions $) | 30 Oct 2024 | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $24.25 | $15.43 | $14.52 | |
| Short term investments | ||||
| Net receivables | $98.2 | $94.85 | $91.3 | $82.95 |
| Inventory | $13.61 | $5.42 | $3.64 | |
| Total current assets | $125.05 | $104.49 | $103.03 | $97.5 |
| Long term investments | ||||
| Property, plant & equipment | $7188.48 | $6952.63 | $6821.47 | $6743.32 |
| Goodwill & intangible assets | $837.99 | $840.98 | $854.09 | |
| Total noncurrent assets | ||||
| Total investments | ||||
| Total assets | $8184.2 | $8000.84 | $7868.66 | $7774.84 |
| Current liabilities | ||||
| Accounts payable | $87.19 | $106.06 | $112.39 | $101.4 |
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $168.19 | $131.92 | $137.95 | $126.94 |
| Long term debt | $2676.18 | $2668.86 | $2514.49 | $2410.92 |
| Total noncurrent liabilities | ||||
| Total debt | $2668.86 | $2514.49 | $2410.92 | |
| Total liabilities | $2890.24 | $2837.76 | $2689.19 | $2574.68 |
| Shareholders' equity | ||||
| Retained earnings | -$434.49 | -$400.81 | -$378.2 | -$346.47 |
| Other shareholder equity | $18.46 | $30.91 | $27.43 | $16.55 |
| Total shareholder equity | $5162.26 | $5178.6 | $5199.21 | |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $14.52 | $28.91 | $45.25 | $7.96 |
| Short term investments | ||||
| Net receivables | $82.95 | $65.84 | $53.44 | $37.81 |
| Inventory | $3.64 | $5.68 | $1.2 | |
| Total current assets | $97.5 | $93.6 | $102.37 | $45.1 |
| Long term investments | ||||
| Property, plant & equipment | $6743.32 | $5801.97 | $4367.11 | $3304.18 |
| Goodwill & intangible assets | $854.09 | $799.45 | $672.02 | $473.59 |
| Total noncurrent assets | ||||
| Total investments | ||||
| Total assets | $7774.84 | $6713.19 | $5226.91 | $3886.18 |
| Current liabilities | ||||
| Accounts payable | $101.4 | $60.16 | $70 | $71.39 |
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $126.94 | $99.94 | $80.68 | $105.9 |
| Long term debt | $2410.92 | $1946.15 | $1693.84 | $1218.3 |
| Total noncurrent liabilities | ||||
| Total debt | $2410.92 | $1940.02 | $1687.63 | $1218.3 |
| Total liabilities | $2574.68 | $2084.19 | $1807.59 | $1359.93 |
| Shareholders' equity | ||||
| Retained earnings | -$346.47 | -$228.13 | -$147.37 | -$91.34 |
| Other shareholder equity | $16.55 | $23.55 | -$5.5 | -$36.27 |
| Total shareholder equity | $5199.21 | $4629 | $3417.69 | $2524.49 |
| (in millions $) | 30 Oct 2024 | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $154.33 | $152.57 | $149.45 | $144.16 |
| Cost of revenue | $17.21 | $18.07 | $17.5 | |
| Gross Profit | $136.38 | $135.37 | $131.38 | $126.66 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $9.71 | $9.52 | $8.7 | |
| Total operating expenses | $61.04 | $53.4 | $60.88 | $57.48 |
| Operating income | $81.97 | $70.5 | $69.18 | |
| Income from continuing operations | ||||
| EBIT | $82.14 | $70.46 | $69.03 | |
| Income tax expense | $1.08 | $1 | $1.15 | $0.71 |
| Interest expense | -$28.94 | $26.42 | $24.45 | $22.37 |
| Net income | ||||
| Net income | $42.4 | $54.72 | $44.86 | $45.95 |
| Income (for common shares) | $52.87 | $43 | $44.1 | |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $537.5 | $429.81 | $339.32 | $248.57 |
| Cost of revenue | $65.05 | $50.66 | $39.51 | $30.45 |
| Gross Profit | $472.44 | $379.15 | $299.81 | $218.12 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $34.79 | $30.12 | $25.46 | $20.79 |
| Total operating expenses | $218.06 | $161.06 | $109.55 | $92.99 |
| Operating income | $254.39 | $218.09 | $190.27 | $125.13 |
| Income from continuing operations | ||||
| EBIT | $253.99 | $218.73 | $175.05 | $132.56 |
| Income tax expense | $2.91 | $2.86 | $2.4 | $1.09 |
| Interest expense | $81.12 | $63.44 | $50.38 | $40.1 |
| Net income | ||||
| Net income | $169.96 | $152.44 | $122.27 | $91.38 |
| Income (for common shares) | $162.52 | $145 | $120.13 | $91.38 |
| (in millions $) | 30 Oct 2024 | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 |
|---|---|---|---|---|
| Net income | $54.72 | $44.86 | $45.95 | |
| Operating activities | ||||
| Depreciation | $50.45 | $48.46 | $47.26 | |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $2.79 | $2.42 | $2.16 | |
| Total cash flows from operations | $96.98 | $103.14 | $98.01 | |
| Investing activities | ||||
| Capital expenditures | -$163.89 | -$125.66 | -$191.02 | |
| Investments | -$0.39 | -$0.31 | -$0.28 | |
| Total cash flows from investing | -$537.07 | -$164.28 | -$125.97 | -$191.3 |
| Financing activities | ||||
| Dividends paid | -$230.92 | -$75.17 | -$74.7 | -$74.08 |
| Sale and purchase of stock | -$0.01 | -$2.18 | -$0.1 | |
| Net borrowings | $153.41 | $102.74 | $177.72 | |
| Total cash flows from financing | $195.21 | $76.12 | $23.73 | $101.42 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$1.29 | $8.82 | $0.91 | $8.14 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $169.96 | $152.44 | $122.27 | $91.38 |
| Operating activities | ||||
| Depreciation | $176.28 | $133.57 | $95.73 | $66.76 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $8.34 | $6.46 | $4.8 | $4.7 |
| Total cash flows from operations | $391.6 | $362.12 | $246.31 | $142.96 |
| Investing activities | ||||
| Capital expenditures | -$1274.55 | -$1615.47 | -$1386.15 | -$1298.62 |
| Investments | -$0.45 | -$0.5 | -$0.47 | -$1.23 |
| Total cash flows from investing | -$1275 | -$1615.97 | -$1386.62 | -$1299.84 |
| Financing activities | ||||
| Dividends paid | -$277.68 | -$220.3 | -$194.3 | -$116.11 |
| Sale and purchase of stock | $687.21 | $1255.91 | $743.03 | $894.48 |
| Net borrowings | $467.93 | $210.31 | $461.12 | $345.14 |
| Total cash flows from financing | $869.01 | $1237.51 | $1177.6 | $1122.68 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$14.38 | -$16.34 | $37.3 | -$34.2 |
News
Fundamentals
| Market cap | $7.74B |
|---|---|
| Enterprise value | N/A |
| Shares outstanding | 103.52M |
| Revenue | $600.52M |
|---|---|
| EBITDA | N/A |
| EBIT | N/A |
| Net Income | $187.94M |
| Revenue Q/Q | 12.81% |
| Revenue Y/Y | 17.78% |
| P/E ratio | 41.20 |
|---|---|
| EV/Sales | N/A |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | 12.89 |
| P/B ratio | N/A |
| Book/Share | N/A |
| Cash/Share | N/A |
| EPS | $1.82 |
|---|---|
| ROA | 2.36% |
| ROE | N/A |
| Debt/Equity | 0.50 |
|---|---|
| Net debt/EBITDA | N/A |
| Current ratio | 0.74 |
| Quick ratio | 0.66 |