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AGREE REALTY CORP

For the period ended Sep 30, 2025. Filed Oct 21, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Oct 21, 2025

ADC$70.20+0.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Table of Contents

Index to Form 10-Q

Page
PART I · Financial Information
Item 1: · Financial Statements (Unaudited)
Condensed Consolidated Balance Sheets as of September 30, 2025 and December 31, 20241
Condensed Consolidated Statements of Operations and Comprehensive Income for the three and nine months ended September 30, 2025 and 20242
Condensed Consolidated Statements of Equity for the three and nine months ended September 30, 2025 and 20243
Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 20245
Notes to Condensed Consolidated Financial Statements6
Item 2:Management’s Discussion and Analysis of Financial Condition and Results of Operations31
Item 3:Quantitative and Qualitative Disclosures about Market Risk44
Item 4:Controls and Procedures45
PART IIOther Information
Item 1:Legal Proceedings46
Item 1A:Risk Factors46
Item 2:Unregistered Sales of Equity Securities and Use of Proceeds46
Item 3:Defaults Upon Senior Securities46
Item 4:Mine Safety Disclosures46
Item 5:Other Information46
Item 6:Exhibits47
SIGNATURES49
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.