Land

Buildings

Less Accumulated Depreciation

Buildings, Net

Property under Development

Net Real Estate Investments

Real Estate Held for Sale, Net

Cash and Cash Equivalents

Cash Held in Escrow

Accounts Receivable – Tenants, Net

Lease Intangibles, Net

Other Assets, Net

Total Assets

Mortgage Notes Payable, Net

Unsecured Term Loan, Net

Senior Unsecured Notes, Net

Unsecured Revolving Credit Facility

Dividends and Distributions Payable

Accounts Payable, Accrued Expenses and Other Liabilities

Lease Intangibles, Net (Liabilities)

Total Liabilities

Preferred Stock

Common Stock

Additional Paid-In Capital

Dividends in Excess of Net Income

Accumulated Other Comprehensive Income

Total Equity – Agree Realty Corporation

Non-controlling Interest

Total Equity

Total Liabilities and Equity

fb5512a4a69d057ef30e76b5df574433527c0f5c4b2fa0d3c1de2b2ac18ef338

Rental income (USD, thousands)

Other Revenue (USD, thousands)

Total Revenues (USD, thousands)

Real estate taxes (USD, thousands)

Property operating expenses (USD, thousands)

Land lease expense (USD, thousands)

General and administrative (USD, thousands)

Depreciation and amortization (USD, thousands)

Provision for impairment (USD, thousands)

Total Operating Expenses (USD, thousands)

Gain (loss) on sale of assets, net (USD, thousands)

Loss on involuntary conversion, net (USD, thousands)

Income from Operations (USD, thousands)

Interest expense, net (USD, thousands)

Income and other tax expense (USD, thousands)

Other income (USD, thousands)

Net Income (USD, thousands)

Less net income attributable to non-controlling interest (USD, thousands)

Net income attributable to Agree Realty Corporation (USD, thousands)

Less Series A preferred stock dividends (USD, thousands)

Net Income Attributable to Common Stockholders (USD, thousands)

Net Income Per Share Attributable to Common Stockholders - Basic (USD)

Net Income Per Share Attributable to Common Stockholders - Diluted (USD)

Amortization of interest rate swaps (USD, thousands)

Change in fair value and settlement of interest rate swaps (USD, thousands)

Total comprehensive income (USD, thousands)

Less comprehensive income attributable to non-controlling interest (USD, thousands)

Comprehensive Income Attributable to Agree Realty Corporation (USD, thousands)

Weighted Average Number of Common Shares Outstanding - Basic

Weighted Average Number of Common Shares Outstanding - Diluted

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Net income (USD, thousands)

Amortization from above (below) market lease intangibles, net (USD, thousands)

Amortization from financing costs, credit facility costs and debt discount (USD, thousands)

Stock-based compensation (USD, thousands)

Straight-line accrued rent (USD, thousands)

Gain on sale of assets (USD, thousands)

Change in accounts receivable (USD, thousands)

Change in other assets (USD, thousands)

Change in accounts payable, accrued expenses, and other liabilities (USD, thousands)

Net Cash Provided by Operating Activities (USD, thousands)

Acquisition of real estate investments and other assets (USD, thousands)

Development of real estate investments and other assets, net of reimbursements (USD, thousands)

Payment of leasing costs (USD, thousands)

Net proceeds from sale of assets (USD, thousands)

Net Cash Used in Investing Activities (USD, thousands)

Proceeds from common stock offerings, net (USD, thousands)

Repurchase of common shares (USD, thousands)

Unsecured revolving credit facility borrowings (USD, thousands)

Unsecured revolving credit facility repayments (USD, thousands)

Payments of mortgage notes payable (USD, thousands)

Proceeds from senior unsecured notes (USD, thousands)

Payment of Series A preferred dividends (USD, thousands)

Payment of common stock dividends (USD, thousands)

Distributions to non-controlling interest (USD, thousands)

Payments for financing costs (USD, thousands)

Net Cash Provided by Financing Activities (USD, thousands)

Decrease in Cash and Cash Equivalents and Cash Held in Escrow (USD, thousands)

Net Increase (Decrease) in Cash and Cash Equivalents and Cash Held in Escrow (USD, thousands)

Cash paid for interest (net of amounts capitalized) (USD, thousands)

Cash paid for income tax (USD, thousands)

Cash and cash equivalents and cash held in escrow, beginning of period (USD, thousands)

Cash and cash equivalents and cash held in escrow, end of period (USD, thousands)

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e6a21ac97ec1680d83afb5da78c67aba94c4893725854b9610ca03d86f376c08

243efe6268cd22f27ea7ca15a13530ccf19be6e3e81d13a33ffc52f191b3963f

d7d2f91a9f46dd4c5bc5672ccd1cac272c3cdd7d18287c00116cc46c1e14687c

AGREE REALTY (ADC)

Financials