Agree Realty (ADC) Land & Improvements (2017 - 2025)
Agree Realty (ADC) recorded quarterly Land & Improvements of $2.8 billion in Q3 2025, up 4.67% on a QoQ basis from $2.7 billion in Q2 2025, and up 15.94% year-over-year from $2.4 billion in Q3 2024.
Agree Realty (ADC) Land & Improvements (2017 - 2025) Analysis & Trends
Agree Realty has disclosed Land & Improvements across 9 years of filings, most recently posting $2.8 billion for Q3 2025.
- Quarterly Land & Improvements rose 15.94% year-over-year to $2.8 billion in Q3 2025, while the trailing twelve-month figure through Sep 2025 was $2.8 billion (up 15.94% YoY) and the FY2024 annual result came in at $2.5 billion, up 10.16% from the prior year.
- Land & Improvements advanced to $2.8 billion in Q3 2025, from $2.7 billion in the prior quarter.
- Over five years, Land & Improvements peaked at $2.8 billion in Q3 2025 and troughed at $1.2 billion in Q1 2021.
- A 5-year average of $2.1 billion and a median of $2.1 billion in 2023 frame the typical range for Land & Improvements.
- Annual changes were most pronounced in 2021 — Land & Improvements soared 58.21% — and 2024, when it gained 7.73%.
- Tracing ADC's Land & Improvements over 5 years: stood at $1.6 billion in 2021, then rose by 24.51% to $1.9 billion in 2022, then grew by 17.55% to $2.3 billion in 2023, then gained by 10.16% to $2.5 billion in 2024, then gained by 10.87% to $2.8 billion in 2025.
- Business Quant data shows ADC's Land & Improvements at $2.8 billion in Q3 2025, $2.7 billion in Q2 2025, and $2.6 billion in Q1 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Land & Improvements (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 69.18 Bn | 69.56 Bn | 1.76 Bn | - |
| 2 | Realty Income | 55.47 Bn | 56.16 Bn | - | 18.63 Bn |
| 3 | Kimco Realty | 17.00 Bn | 17.03 Bn | 447.43 Mn | 4.55 Bn |
| 4 | Regency Centers | 14.85 Bn | 14.97 Bn | - | - |
| 5 | Federal Realty Investment Trust | 10.68 Bn | 10.75 Bn | 265.49 Mn | - |
| 6 | Agree Realty | 8.92 Bn | 8.90 Bn | - | - |
| 7 | Nnn Reit | 8.68 Bn | 8.68 Bn | - | - |
| 8 | Essential Properties Realty Trust | 6.37 Bn | 6.38 Bn | - | 2.30 Bn |
| 9 | Macerich | 6.30 Bn | 6.10 Bn | 158.29 Mn | - |
| 10 | Kite Realty Group Trust | 6.26 Bn | 6.38 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 2.79 Bn |
| Jun 30, 2025 | 2.66 Bn |
| Mar 31, 2025 | 2.60 Bn |
| Dec 31, 2024 | 2.51 Bn |
| Sep 30, 2024 | 2.40 Bn |
| Jun 30, 2024 | 2.34 Bn |
| Mar 31, 2024 | 2.31 Bn |
| Dec 31, 2023 | 2.28 Bn |
| Sep 30, 2023 | 2.23 Bn |
| Jun 30, 2023 | 2.09 Bn |
| Mar 31, 2023 | 2.01 Bn |
| Dec 31, 2022 | 1.94 Bn |
| Sep 30, 2022 | 1.84 Bn |
| Jun 30, 2022 | 1.76 Bn |
| Mar 31, 2022 | 1.66 Bn |
| Dec 31, 2021 | 1.56 Bn |
| Sep 30, 2021 | 1.46 Bn |
| Jun 30, 2021 | 1.35 Bn |
| Mar 31, 2021 | 1.22 Bn |
| Dec 31, 2020 | 1.09 Bn |