← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
AGREE REALTY CORP: Revenue grew 16.4% to $718M from $617M. Net income grew 8% to $204M from $189M. Free cash flow turned positive at $504M from a $443M outflow. Operating margin contracted 160 bps to 47.38%. AGREE REALTY CORP's annual comparison also shows stock compensation grew faster than revenue.
The read at a glance✓ Audited against SEC data
- Growth — Revenue grew 16.4% to $718M from $617MOK
- Profitability — Net income grew 8% to $204M from $189MOK
- Cash flow — Free cash flow turned positive at $504M from a $443M outflowOK
- Margins — Operating margin contracted 160 bps to 47.38%Watch
- Accounting — No forensic score availableNote
- Insiders — 10 purchases and 0 salesOK
Business
Financing We seek to maintain a capital structure that provides us with the flexibility to manage our business and pursue our growth strategies, while allowing us to service our debt requirements and generate appropriate risk-adjusted returns for our stockholders.
Leadership changes
From AGREE REALTY CORP's own filings, the day they're filed.
- Nicole Witteveen · Chief Operating Officer · appointmenteff. 2023-09-18
- Craig Erlich · Chief Growth Officer · appointmenteff. 2023-09-18
- Good Reason · departure
Latest filings
- 10-Q · Quarterly report2026-07-30
- 8-K · Company announcement2026-07-30
- 8-K · Company announcement2026-07-02
- 8-K · Company announcement2026-05-14
- 8-K · Company announcement2026-04-24
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about AGREE REALTY CORP, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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