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
DateValue
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