Agree Realty Corporation (ADC)

Solvency & Capital Structure

Total Debt

$3.12B

Net Debt

$3.11B

Agree Realty Corporation currently has $3.12B in total debt. Net debt is $3.11B after cash offsets.

Financial Fundamentals

ADC • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	3.12	0.01	3.11	10.59	29.5%
2026-03-31	3.29	0.03	3.26	10.18	32.3%
2025-12-31	3.35	0.02	3.34	9.80	34.2%
2025-09-30	3.42	0.01	3.41	9.48	36.1%
2025-06-30	3.27	0.01	3.26	9.08	36.0%
2025-03-31	3.00	0.01	2.99	8.80	34.1%
2024-12-31	2.83	0.01	2.83	8.49	33.4%
2024-09-30	2.72	0.01	2.71	8.18	33.2%
2024-06-30	2.71	0.01	2.70	8.00	33.8%
2024-03-31	2.55	0.01	2.54	7.87	32.4%
2023-12-31	2.45	0.01	2.44	7.77	31.5%
2023-09-30	2.23	0.01	2.23	7.65	29.2%
2023-06-30	2.14	0.01	2.14	7.27	29.5%
2023-03-31	2.04	0.01	2.02	6.99	29.1%
2022-12-31	1.94	0.03	1.91	6.71	28.9%
2022-09-30	1.86	0.25	1.61	6.56	28.4%
2022-06-30	1.94	0.03	1.91	6.04	32.1%
2022-03-31	1.85	0.02	1.82	5.64	32.8%
2021-12-31	1.85	0.04	1.80	5.23	35.3%
2021-09-30	1.53	0.09	1.44	5.00	30.6%
2021-06-30	1.55	0.18	1.38	4.76	32.6%
2021-03-31	1.60	0.01	1.59	4.28	37.5%
2020-12-31	1.31	0.01	1.30	3.89	33.7%
2020-09-30	1.17	0.01	1.15	3.55	32.9%
2020-06-30	0.84	0.03	0.81	3.11	27.0%
2020-03-31	1.26	0.07	1.19	2.91	43.5%
2019-12-31	0.96	0.02	0.95	2.66	36.1%
2019-09-30	0.93	0.01	0.92	2.52	36.8%
2019-06-30	0.74	0.01	0.73	2.30	31.9%
2019-03-31	0.77	0.02	0.75	2.15	35.9%
2018-12-31	0.72	0.05	0.67	2.03	35.5%
2018-09-30	0.62	0.02	0.60	1.75	35.3%
2018-06-30	0.62	0.02	0.60	1.75	35.3%
2018-03-31	0.56	0.00	0.55	1.53	36.4%
2017-12-31	0.52	0.05	0.47	1.49	34.8%
2017-09-30	0.48	0.03	0.46	1.37	35.5%
2017-06-30	0.43	0.00	0.43	1.29	33.7%
2017-03-31	0.42	0.00	0.41	1.16	35.9%
2016-12-31	0.40	0.03	0.37	1.11	36.1%
2016-09-30	0.43	0.01	0.42	1.04	41.9%
2016-06-30	0.39	0.00	0.38	0.97	39.8%
2016-03-31	0.35	0.00	0.35	0.83	42.4%
2015-12-31	0.32	0.00	0.32	0.79	40.3%
2015-09-30	0.33	0.02	0.31	0.75	44.0%
2015-06-30	0.32	0.00	0.32	0.71	45.1%
2015-03-31	0.28	0.01	0.28	0.65	43.4%
2014-12-31	0.22	0.01	0.22	0.59	37.4%
2014-09-30	0.22	0.00	0.22	0.52	42.9%
2014-06-30	0.18	0.00	0.18	0.48	37.7%
2014-03-31	0.16	0.00	0.16	0.47	35.2%
2013-12-31	0.16	0.01	0.14	0.46	34.2%
2013-09-30	0.19	0.01	0.18	0.44	42.8%
2013-06-30	0.16	0.00	0.16	0.41	38.0%
2013-03-31	0.13	0.00	0.12	0.38	33.0%
2012-12-31	0.16	0.00	0.16	0.37	43.5%
2012-09-30	0.12	0.00	0.12	0.33	37.4%
2012-06-30	0.11	0.00	0.11	0.32	33.7%
2012-03-31	0.08	0.00	0.08	0.29	28.6%
2011-12-31	0.12	0.00	0.12	0.29	40.6%
2011-09-30	0.11	0.00	0.11	0.28	38.7%
2011-06-30	0.10	0.00	0.10	0.28	34.2%
2011-03-31	0.10	0.00	0.10	0.28	34.2%
2010-12-31	0.10	0.00	0.10	0.29	35.0%
2010-09-30	0.08	0.00	0.08	0.27	29.4%
2010-06-30	0.08	0.00	0.07	0.27	27.8%
2010-03-31	0.10	0.00	0.10	0.27	39.1%
2009-12-31	0.10	0.00	0.10	0.26	39.9%
2009-09-30	0.11	0.00	0.10	0.26	40.3%
2009-06-30	0.10	0.00	0.10	0.26	40.1%
2009-03-31	0.10	0.00	0.10	0.26	39.4%
2008-12-31	0.10	0.00	0.10	0.26	39.1%
2008-09-30	0.03	0.00	0.03	0.26	11.3%
2008-06-30	0.05	0.00	0.05	0.25	19.3%
2008-03-31	0.04	0.00	0.04	0.24	16.8%
2007-12-31	0.04	0.00	0.04	0.24	15.4%
2007-09-30	0.03	0.00	0.03	0.23	13.1%
2007-06-30	0.07	0.00	0.07	0.23	32.2%
2007-03-31	0.07	0.00	0.07	0.22	31.5%
2006-12-31	0.07	0.00	0.07	0.22	30.8%
2006-09-30	0.06	0.00	0.06	0.22	29.5%
2006-06-30	0.06	0.00	0.06	0.22	28.6%
2006-03-31	0.06	0.00	0.06	0.22	28.8%
2005-12-31	0.07	0.01	0.06	0.22	30.5%
2005-09-30	0.06	0.00	0.06	0.22	29.4%
2005-06-30	0.01	0.00	0.01	0.22	5.0%
2005-03-31	0.01	0.00	0.01	0.22	4.2%
2004-12-31	0.09	0.00	0.09	0.22	43.1%
2004-09-30	0.03	0.00	0.03	0.21	16.2%
2004-06-30	0.03	0.00	0.03	0.19	15.7%
2004-03-31	0.03	0.00	0.03	0.19	14.1%
2003-12-31	0.08	0.00	0.08	0.19	43.8%
2003-09-30	0.04	0.00	0.04	0.19	21.0%
2003-06-30	0.04	0.00	0.04	0.18	20.3%
2003-03-31	0.04	0.00	0.04	0.18	20.4%
2002-12-31	0.12	0.00	0.11	0.18	64.7%
2002-09-30	0.02	0.00	0.02	0.17	12.5%
2002-06-30	0.02	0.00	0.02	0.17	11.9%
2002-03-31	0.02	0.00	0.02	0.17	11.9%
2001-12-31	0.11	0.00	0.10	0.17	63.1%
2001-09-30	0.04	0.00	0.04	0.17	21.9%
2001-06-30	0.04	0.00	0.04	0.17	21.8%
2001-03-31	0.04	0.00	0.04	0.16	21.6%
2000-12-31	0.09	0.00	0.09	0.17	52.7%
2000-09-30	0.08	0.00	0.08	0.16	52.2%
2000-06-30	0.08	0.00	0.08	0.16	51.6%
2000-03-31	0.03	0.00	0.03	0.16	17.3%
1999-12-31	0.08	0.00	0.08	0.16	50.6%
1999-09-30	0.09	0.00	0.09	0.15	59.5%
1999-06-30	0.09	0.00	0.09	0.15	59.2%
1999-03-31	0.09	0.00	0.09	0.15	58.2%
1998-12-31	0.08	0.00	0.08	0.15	51.1%
1998-09-30	0.08	0.00	0.08	0.15	56.2%
1998-06-30	0.07	0.00	0.07	0.14	52.8%
1998-03-31	0.07	0.00	0.07	0.13	51.8%
1997-12-31	0.06	0.00	0.06	0.13	45.7%
1997-09-30	0.06	0.00	0.06	0.12	48.2%
1997-06-30	0.06	0.00	0.06	0.12	47.3%
1997-03-31	0.09	0.00	0.09	0.12	72.9%
1996-12-31	0.08	0.00	0.08	0.12	63.7%
1996-09-30	0.09	0.00	0.09	0.12	72.8%