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Agree Realty (ADC) Cash Flow Waterfall

Trace Agree Realty's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$522.63M

Capex

−$412.33M

Free Cash Flow

$110.30M

FCF Margin

+21.1%

Cash flow waterfall for Agree Realty (ADC) — TTM through Q1 2026

Free cash flow: $110.30M

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Agree Realty (ADC) — TTM through Q1 2026

  • Operating Cash Flow$522.63M
  • Capital Expenditure−$412.33M
  • Free Cash Flow$110.30M
  • Other Investing−$1.18B
  • Dividends Paid−$361.15M
  • Net Debt Change$385.29M
  • Other Financing & FX$1.07B
  • Net Cash Increase$20.04M
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