Agree Realty (ADC) Cash from Operations (2010 - 2026)
Agree Realty's Cash from Operations came in at $184.6 million for Q3 2026, up 26.0% from $146.52 million a year earlier and up 40.9% from the prior quarter.
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Analysis
Agree Realty (ADC) Cash from Operations (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Agree Realty reported Cash from Operations of $572.04 million, up 18.1% year-over-year; for FY2025, it came in at $504.14 million, up 16.7% from FY2024.
- Cash from Operations has increased in each of the last 13 years, with a five-year compound annual growth rate of 28.7% (FY2020 to FY2025).
- Going back by year, Cash from Operations was $431.97 million in FY2024 (+10.3%), $391.6 million in FY2023 (+8.1%), $362.12 million in FY2022 (+47.0%) and $246.32 million in FY2021 (+72.3%).
- The Q3 2026 figure represents the highest quarterly Cash from Operations in data going back to Q3 2010.
- Year-over-year, Cash from Operations has increased for seven consecutive quarters, with growth averaging 14.1% over the last eight quarters.
- The fastest year-over-year change in Cash from Operations over five years came in Q3 2022 (growth of 74.7%), and the weakest in Q3 2023 (a decline of 7.6%).
- Business Quant data shows ADC's Cash from Operations at $130.97 million (Q2 2026), $145.16 million (Q1 2026) and $111.32 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.03 Bn | 165.05 Bn | 1.47 Bn | 1.00 Bn |
| 2 | Prologis | 123.12 Bn | 117.08 Bn | - | 1.76 Bn |
| 3 | Simon Property | 75.49 Bn | 71.55 Bn | - | 1.20 Bn |
| 4 | Public Storage | 62.37 Bn | 61.09 Bn | - | 708.85 Mn |
| 5 | Realty Income | 56.23 Bn | 54.51 Bn | - | 925.98 Mn |
| 6 | Ventas | 46.05 Bn | 44.73 Bn | - | 489.60 Mn |
| 7 | Extra Space Storage | 33.71 Bn | 32.62 Bn | 650.96 Mn | 467.13 Mn |
| 8 | Vici Properties | 27.71 Bn | 26.06 Bn | 1.06 Bn | 655.21 Mn |
| 9 | Vivmark Residential | 24.79 Bn | 24.57 Bn | - | 301.88 Mn |
| 10 | Agree Realty | 8.73 Bn | 8.60 Bn | - | 184.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 184.60 Mn |
| Jun 30, 2026 | 130.97 Mn |
| Mar 31, 2026 | 145.16 Mn |
| Dec 31, 2025 | 111.32 Mn |
| Sep 30, 2025 | 146.52 Mn |
| Jun 30, 2025 | 119.65 Mn |
| Mar 31, 2025 | 126.66 Mn |
| Dec 31, 2024 | 91.40 Mn |
| Sep 30, 2024 | 128.61 Mn |
| Jun 30, 2024 | 112.81 Mn |
| Mar 31, 2024 | 99.15 Mn |
| Dec 31, 2023 | 98.01 Mn |
| Sep 30, 2023 | 109.86 Mn |
| Jun 30, 2023 | 89.56 Mn |
| Mar 31, 2023 | 94.17 Mn |
| Dec 31, 2022 | 93.18 Mn |
| Sep 30, 2022 | 118.86 Mn |
| Jun 30, 2022 | 88.62 Mn |
| Mar 31, 2022 | 61.47 Mn |
| Dec 31, 2021 | 60.35 Mn |
API Access
Agree Realty Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=ADC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "ADC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=ADC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();