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Filing Flows › Agree Realty (ADC) › Capital expenditures

Agree Realty (ADC) capital expenditures by quarter

Agree Realty's capital expenditures were $185M in Q4 2025 (fourth quarter 2025), -16% from Q3 2025. Over the last 4 quarters it ranged from $185M (Q4 2025) to $220M (Q3 2025).

Agree Realty capital expenditures by quarterAgree Realty capital expenditures by quarter$215MQ1 2025$217MQ2 2025$220MQ3 2025$185MQ4 2025
QuarterCapital expendituresQ/QY/Y
Q4 2025$185M-16%—
Q3 2025$220M+1%—
Q2 2025$217M+0.8%—
Q1 2025$215M——

Q4 2025 at a glance

Agree Realty, Q4 2025: revenue $190M (+18% year over year), operating margin 48.5%, net earnings $56.2M, operating cash flow $111M. The chart follows the revenue to costs, profit and cash.

Questions

What is Agree Realty's capital expenditures?

Agree Realty's capital expenditures were $185M in Q4 2025 (fourth quarter 2025), -16% from Q3 2025.

How has Agree Realty's capital expenditures changed?

Over the last 4 quarters it ranged from $185M (Q4 2025) to $220M (Q3 2025).

Q4 2025 results → · How Agree Realty makes money →