Agree Realty (ADC) Stock Buyback History
TTM buyback yield 0.07% · Shareholder yield (TTM) 0.07%.
ADC
TTM buyback yield
0.07%
Shareholder yield (TTM)
0.07%
5Y share count change
112.2%
TTM buyback spend
$6.15M
SBC coverage (TTM)
0.46x
YoY change in spend
+64.0%
5Y CAGR of spend
+17.9%
Peak year (2025)
$3.74M
Cumulative spend
$18.80M
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Agree Realty (ADC) repurchased about $6.15M of stock over the trailing twelve months.
- Diluted share count is up 112.2% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- TTM buyback ÷ stock-based-comp ratio of 0.46× — repurchases only partially offset SBC dilution.
- Cash buyback spend has compounded at +17.9% per year over the latest 5-year window.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $3.74M | $12.99M | −$9.25M | 0.11B | 9.2% | 0.05% |
| 2024 | $2.28M | $10.80M | −$8.52M | 0.10B | 6.7% | 0.03% |
| 2023 | $2.68M | $8.34M | −$5.65M | 0.10B | 20.6% | 0.04% |
| 2022 | $1.91M | $6.46M | −$4.55M | 0.08B | 17.9% | 0.03% |
| 2021 | $1.81M | $5.47M | −$3.65M | 0.07B | 28.1% | 0.04% |
| 2020 | $1.64M | $5.00M | −$3.35M | 0.05B | 27.1% | 0.04% |
| 2019 | $1.41M | $4.11M | −$2.70M | 0.04B | 27.2% | 0.05% |
| 2018 | $1.15M | $2.95M | −$1.80M | 0.03B | 17.0% | 0.06% |
| 2017 | $1.11M | $2.39M | −$1.28M | 0.03B | 20.6% | 0.07% |
| 2016 | $712.00K | $2.26M | −$1.54M | 0.02B | 27.1% | 0.06% |
| 2015 | $0.00 | $1.99M | −$1.99M | 0.02B | 20.7% | — |
| 2014 | $0.00 | $1.99M | −$1.99M | 0.01B | 13.7% | — |
| 2013 | $0.00 | $1.81M | −$1.81M | 0.01B | 18.1% | — |
| 2012 | $0.00 | $1.66M | −$1.66M | 0.01B | 15.0% | — |
| 2011 | $0.00 | $1.36M | −$1.36M | 0.01B | -0.8% | — |
| 2010 | $0.00 | $1.17M | −$1.17M | 0.01B | 15.9% | — |
| 2009 | $0.00 | $1.18M | −$1.18M | 0.01B | 0.5% | — |
| 2008 | $0.00 | $1.13M | −$1.13M | 0.01B | 8.6% | — |
| 2007 | $0.00 | $0.00 | $0.00 | 0.01B | 1.0% | — |
| 2006 | $0.00 | $0.00 | $0.00 | 0.01B | 1.8% | — |
| 2005 | $126.76K | $0.00 | $126.76K | 0.01B | 16.0% | 0.06% |
| 2004 | $169.68K | $0.00 | $169.68K | 0.01B | 22.8% | 0.07% |
| 2003 | $0.00 | $0.00 | $0.00 | 0.01B | 18.2% | — |
| 2002 | $0.00 | $0.00 | $0.00 | 0.00B | 0.8% | — |
| 2001 | $0.00 | $0.00 | $0.00 | 0.00B | 0.2% | — |
| 2000 | $56.00K | $0.00 | $56.00K | 0.00B | 1.1% | — |
| 1999 | $0.00 | $0.00 | $0.00 | 0.00B | 0.0% | — |
| 1998 | $0.00 | $0.00 | $0.00 | 0.00B | 18.1% | — |
| 1997 | $0.00 | $0.00 | $0.00 | 0.00B | 39.2% | — |
| 1996 | $0.00 | $0.00 | $0.00 | 0.00B | — | — |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Agree Realty (ADC) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Agree Realty (ADC)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Agree Realty (ADC)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $3.74M | +64.0% | +$1.46M | ||
| 2024 | $2.28M | -15.0% | -$403,000 | ||
| 2023 | $2.68M | +40.4% | +$772,000 | ||
| 2022 | $1.91M | +5.5% | +$99,000 | ||
| 2021 | $1.81M | +10.5% | +$172,000 | ||
| 2020 | $1.64M | +16.7% | +$235,000 | ||
| 2019 | $1.41M | +22.8% | +$261,000 | ||
| 2018 | $1.15M | +3.1% | +$34,000 | ||
| 2017 | $1.11M | +56.0% | +$399,000 | ||
| 2016 | $712,000 | — | +$712,000 | ||
| 2015 | $0 | — | $0 | ||
| 2014 | $0 | — | $0 | ||
| 2013 | $0 | — | $0 | ||
| 2012 | $0 | — | $0 | ||
| 2011 | $0 | — | $0 | ||
| 2010 | $0 | — | $0 | ||
| 2009 | $0 | — | $0 | ||
| 2008 | $0 | — | $0 | ||
| 2007 | $0 | — | $0 | ||
| 2006 | $0 | -100.0% | -$126,760 | ||
| 2005 | $126,760 | -25.3% | -$42,920 | ||
| 2004 | $169,680 | — | +$169,680 | ||
| 2003 | $0 | — | $0 | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | -100.0% | -$56,000 | ||
| 2000 | $56,000 | — | +$56,000 | ||
| 1999 | $0 | — | $0 | ||
| 1998 | $0 | — | $0 | ||
| 1997 | $0 | — | $0 | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | — | — |
In 2025, Agree Realty (ADC) buyback spend totalled $3.74M – surged 64.0% year-over-year.
Over 2020–2025 (5 years), Agree Realty buyback spend expanded at a +17.9% compound annual rate, with the latest reading among the more recent periods of the dataset.
$3.74M stands as the all-time-high annual buyback spend, posted in 2025, against a low of $0 during 1994.
Among 8 Real Estate peers, Agree Realty (ADC) ranks 3rd; the peer median for buyback spend is $0.
Agree Realty Buyback Spend 2025: $3.74M
Agree Realty buyback spend in 2025 was $3.74M, surged 64.0% from 2024. This figure represents the highest annual value in the available history.
Agree Realty Buyback Spend 2024: $2.28M
Agree Realty buyback spend in 2024 was $2.28M, declined 15.0% below 2023.
Agree Realty Buyback Spend 2023: $2.68M
Agree Realty buyback spend in 2023 was $2.68M, surged 40.4% from 2022.
Agree Realty Buyback Spend 2022: $1.91M
Agree Realty buyback spend in 2022 was $1.91M, grew 5.5% from 2021.
Agree Realty Buyback Spend 2021: $1.81M
Agree Realty buyback spend in 2021 was $1.81M.
See more financial history for Agree Realty (ADC).
Sector peers by buyback spend
Companies in the same sector as Agree Realty, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| American Tower (AMT) | $364.60M | Real Estate |
| Simon Property Group (SPG) | $227.15M | Real Estate |
| Welltower (WELL) | $0 | Real Estate |
| Prologis (PLD) | $0 | Real Estate |
| Equinix (EQIX) | $0 | Real Estate |
| Digital Realty Trust (DLR) | $0 | Real Estate |
| Realty Income (O) | $0 | Real Estate |
| Public Storage (PSA) | $0 | Real Estate |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 0.46×.
Capital allocation mix
How Agree Realty splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $0.00 (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Agree Realty's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Agree Realty buy back its own stock?
Yes, Agree Realty (ADC) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Agree Realty spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $6.15M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Agree Realty's buyback yield?
TTM buyback yield is about 0.07% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Agree Realty's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 0.07% combined (TTM-based where available).
Is Agree Realty diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Agree Realty's share count changed?
Diluted weighted average shares changed by about 112.2% over roughly five fiscal years (annual income statement data).
What is Agree Realty's buyback spend?
Latest reported buyback spend for Agree Realty (ADC) is $6.15M (period ending March 31, 2026).
How has Agree Realty buyback spend changed year-over-year?
Agree Realty (ADC) buyback spend changed +64.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Agree Realty buyback spend?
Agree Realty (ADC) buyback spend compound annual growth rate is +17.9% over the most recent 5 years available.
When did Agree Realty buyback spend hit its highest annual value?
Agree Realty buyback spend reached its highest annual value of $3.74M in 2025.
What was Agree Realty buyback spend in 2024?
Agree Realty (ADC) buyback spend in 2024 was $2.28M.
What was Agree Realty buyback spend in 2025?
Agree Realty (ADC) buyback spend in 2025 was $3.74M.
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