Free Cash Flow for Agree Realty (ADC)
Free Cash Flow for Agree Realty (ADC): headline value $110.30M · YoY +16.7%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

ADC
Currently viewingFree Cash FlowSwitch metric
Latest period
$110.30M
YoY change
+16.7%
5Y CAGR
+28.7%
Peak year (2025)
$504.14M
Latest annual
$504.14M
Free Cash Flow history chart for Agree Realty (ADC) from 1994 to 2025
Free Cash Flow history table for Agree Realty (ADC) from 1994 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $504.14M | +16.7% | ||
| 2024 | $431.97M | +10.3% | ||
| 2023 | $391.60M | +8.1% | ||
| 2022 | $362.12M | +47.0% | ||
| 2021 | $246.31M | +72.3% | ||
| 2020 | $142.96M | +12.8% | ||
| 2019 | $126.71M | +35.9% | ||
| 2018 | $93.25M | +13.4% | ||
| 2017 | $82.20M | +33.2% | ||
| 2016 | $61.73M | +38.4% | ||
| 2015 | $44.61M | +27.1% | ||
| 2014 | $35.10M | +18.6% | ||
| 2013 | $29.59M | +39.5% | ||
| 2012 | $21.21M | -282.5% | ||
| 2011 | -$11.62M | -8.6% | ||
| 2010 | -$12.71M | -185.7% | ||
| 2009 | $14.83M | +2800.0% | ||
| 2008 | $511,411 | -72.8% | ||
| 2007 | $1.88M | -82.9% | ||
| 2006 | $10.99M | +143.2% | ||
| 2005 | $4.52M | -232.4% | ||
| 2004 | -$3.41M | -23.5% | ||
| 2003 | -$4.46M | +1686.7% | ||
| 2002 | -$249,807 | -103.0% | ||
| 2001 | $8.21M | +438.6% | ||
| 2000 | $1.52M | +247.9% | ||
| 1999 | $437,872 | -117.3% | ||
| 1998 | -$2.53M | -552.9% | ||
| 1997 | $558,906 | -109.5% | ||
| 1996 | -$5.87M | -55.9% | ||
| 1995 | -$13.30M | -1577.8% | ||
| 1994 | $900,000 | — |
Free Cash Flow values are taken from Agree Realty's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual free cash flow for Agree Realty (ADC) came in at $504.14M – grew 16.7% year-over-year.
Agree Realty free cash flow has grown for 15 consecutive years, with a +28.7% compound annual growth rate over 2020–2025 (5 years).
The highest annual free cash flow of $504.14M was reported in 2025. The lowest in the available history was -$13.30M in 1995.
Among 8 Real Estate peers, Agree Realty (ADC) ranks 8th; the peer median for free cash flow is $3.23B.
Agree Realty Free Cash Flow by Year
Agree Realty Free Cash Flow 2025: $504.14M
Agree Realty free cash flow in 2025 was $504.14M, grew 16.7% from 2024. This figure represents the highest annual value in the available history.
Agree Realty Free Cash Flow 2024: $431.97M
Agree Realty free cash flow in 2024 was $431.97M, grew 10.3% from 2023.
Agree Realty Free Cash Flow 2023: $391.60M
Agree Realty free cash flow in 2023 was $391.60M, grew 8.1% from 2022.
Agree Realty Free Cash Flow 2022: $362.12M
Agree Realty free cash flow in 2022 was $362.12M, surged 47.0% from 2021.
Agree Realty Free Cash Flow 2021: $246.31M
Agree Realty free cash flow in 2021 was $246.31M.
See more financial history for Agree Realty (ADC).
Sector peers — Free Cash Flow
Companies in the same sector as Agree Realty, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Prologis, Inc. (PLD) | $5.01B | Real Estate |
| Realty Income Corporation (O) | $3.86B | Real Estate |
| American Tower Corporation (AMT) | $3.78B | Real Estate |
| Simon Property Group, Inc. (SPG) | $3.57B | Real Estate |
| Public Storage (PSA) | $2.90B | Real Estate |
| Welltower Inc. (WELL) | $2.85B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $2.41B | Real Estate |
| Equinix, Inc. (EQIX) | -$400.00M | Real Estate |
Frequently asked questions
What is Agree Realty's free cash flow?
Latest reported free cash flow for Agree Realty (ADC) is $110.30M (period ending March 31, 2026).
How has Agree Realty free cash flow changed year-over-year?
Agree Realty (ADC) free cash flow changed +16.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Agree Realty free cash flow?
Agree Realty (ADC) free cash flow compound annual growth rate is +28.7% over the most recent 5 years available.
When did Agree Realty free cash flow hit its highest annual value?
Agree Realty free cash flow reached its highest annual value of $504.14M in 2025.
What was Agree Realty free cash flow in 2024?
Agree Realty (ADC) free cash flow in 2024 was $431.97M.
What was Agree Realty free cash flow in 2025?
Agree Realty (ADC) free cash flow in 2025 was $504.14M.
Metrics overview
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