| Fiscal period | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|
| Period End Date | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 |
|---|
| Minimum rents | -- | -- | -- | -- | -- | -- | -- | 132.81 | 105.07 | 84.03 |
| Percentage rents | -- | -- | -- | -- | -- | -- | -- | 0.26 | 0.24 | 0.20 |
| Rental income | 718.16 | 616.82 | 537.40 | 429.63 | 339.07 | 248.31 | 187.28 | -- | -- | -- |
| Development fee income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Management fees and other | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating cost reimbursement | -- | -- | -- | -- | -- | -- | -- | 14.89 | 10.75 | 7.27 |
| Other Revenue | 0.24 | 0.27 | 0.09 | 0.18 | 0.26 | 0.26 | 0.20 | 0.23 | 0.49 | 0.03 |
| Total Revenues | 718.40 | 617.10 | 537.50 | 429.81 | 339.32 | 248.57 | 187.48 | 148.20 | 116.56 | 91.53 |
| Real estate taxes | 52.23 | 46.88 | 40.09 | 32.08 | 25.51 | 21.43 | 15.52 | 10.72 | 8.20 | 5.46 |
| Property operating expenses | 33.77 | 26.35 | 24.96 | 18.59 | 14.00 | 9.02 | 6.75 | 5.65 | 3.61 | 2.48 |
| Land lease payments | 2.14 | 1.62 | 1.66 | 1.62 | 1.55 | 1.30 | 1.24 | 0.65 | 0.65 | 0.65 |
| Depreciation and amortization | 239.31 | 206.99 | 176.28 | 133.57 | 95.73 | 66.76 | 45.70 | 43.70 | 31.75 | 23.41 |
| General and administrative | 44.06 | 37.23 | 34.79 | 30.12 | 25.46 | 20.79 | 15.57 | 12.17 | 9.95 | 8.02 |
| Provision for impairment | (11.87) | (7.22) | (7.18) | (1.02) | (1.92) | (4.14) | (1.61) | (2.32) | -- | -- |
| Impairment charge | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gain (loss) on sale of assets, net | 5.42 | 11.51 | 1.85 | 5.34 | 14.94 | -- | -- | -- | -- | -- |
| Gain (loss) on involuntary conversion, net | (0.03) | (0.07) | -- | (0.08) | 0.17 | -- | -- | -- | -- | -- |
| Total operating expenses | 383.39 | 326.29 | 284.96 | 216.99 | 149.05 | 123.44 | 86.39 | 75.19 | 54.17 | 40.02 |
| Operating Income (loss) | 340.40 | 302.24 | 254.39 | 218.09 | 190.27 | 125.13 | 101.09 | 73.00 | 62.39 | 51.51 |
| Interest expense, net | 134.61 | 108.90 | 81.12 | 63.44 | 50.38 | 40.10 | 33.09 | 24.87 | 18.14 | 15.34 |
| Gain on sale of asset | -- | -- | -- | -- | -- | 8.00 | 13.31 | 11.18 | 14.19 | 9.96 |
| Equity in net income of unconsolidated entities | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Other income | 0.94 | 0.80 | 0.19 | 1.25 | -- | 0.02 | -- | 0.00 | 0.35 | -- |
| Loss on debt extinguishment | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.33) |
| Early extinguishment of debt | -- | -- | -- | -- | (14.61) | -- | -- | -- | -- | -- |
| Income tax expense | (1.74) | (4.31) | (2.91) | (2.86) | (2.40) | (1.09) | (0.54) | (0.52) | -- | -- |
| Income Before Minority Interest | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Minority interest | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Income Before Discontinued Operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | 45.80 |
| Income from discontinued operations, net of minority interest | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gain on Sale of Asset From Discontinued Operations, net of minority interest | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net income (loss) | 204.99 | 189.83 | 170.55 | 153.04 | 122.88 | 91.97 | 80.76 | 58.80 | 58.79 | 45.80 |
| Less Net Income Attributable to Non-Controlling Interest | 0.64 | 0.64 | 0.59 | 0.60 | 0.60 | 0.59 | 0.68 | 0.63 | 0.68 | 0.68 |
| Less Series A Preferred Stock Dividends | 7.44 | 7.44 | 7.44 | 7.44 | 2.15 | -- | -- | -- | -- | -- |
| Net Income Attributable to Agree Realty Corporation | 196.91 | 181.76 | 162.52 | 145.00 | 120.13 | 91.38 | 80.08 | 58.17 | 58.11 | 45.12 |
| Basic: Income before discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.97 |
| Basic: Discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Basic Earnings Per Share | 1.77 | 1.79 | 1.70 | 1.84 | 1.79 | 1.76 | 1.96 | 1.80 | 2.09 | 1.97 |
| Dilutive: Income before discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.97 |
| Diluted: Discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Dilutive Earnings Per Share | 1.77 | 1.78 | 1.70 | 1.83 | 1.78 | 1.74 | 1.93 | 1.78 | 2.08 | 1.97 |
| Weighted Average Number of Common Shares Outstanding - Basic | 110.72 | 101.10 | 95.19 | 78.66 | 66.80 | 51.84 | 40.58 | 32.07 | 27.63 | 22.87 |
| Weighted Average Number of Common Shares Outstanding - Dilutive | 111.20 | 101.88 | 95.44 | 79.16 | 67.14 | 52.40 | 41.22 | 32.40 | 27.70 | 22.96 |
| Funds From operations | 441.02 | 383.14 | 343.02 | 274.15 | 202.65 | 154.35 | 114.49 | 93.43 | 76.27 | 59.17 |