Agree Realty (Agree Realty) Interest Expense : $-87.6 Mil (TTM As of Mar. 2024)

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What is Agree Realty Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Agree Realty's interest expense for the three months ended in Mar. 2024 was $ -24.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-87.6 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Agree Realty's Operating Income for the three months ended in Mar. 2024 was $ 73.0 Mil. Agree Realty's Interest Expense for the three months ended in Mar. 2024 was $ -24.5 Mil. Agree Realty's Interest Coverage for the quarter that ended in Mar. 2024 was 2.98. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Agree Realty Interest Expense Historical Data

The historical data trend for Agree Realty's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Agree Realty Interest Expense Chart

Agree Realty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-33.09

-40.10

-50.38

-63.44

-81.12

Agree Realty Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-18.00	-19.95	-20.80	-22.37	-24.45

Agree Realty Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-87.6 Mil.

Agree Realty (NYSE:ADC) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Agree Realty's Interest Expense for the three months ended in Mar. 2024 was $-24.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was $73.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,514.5 Mil.

Agree Realty's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	72.986	/	-24.451
	=	2.98

The higher the ratio, the stronger the company's financial strength is.

Agree Realty (Agree Realty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Agree Realty Corp (NYSE:ADC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ADCPRA.PFD:USA ADC:Mexico AGL:Germany AGL:Germany

Address

70 East Long Lake Road, Bloomfield Hills, MI, USA, 48304

Website

https://www.agreerealty.com

Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.

Executives

Richard Agree	officer: Chief Executive Officer	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48334
John Jr Rakolta	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Greg Lehmkuhl	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Joey Agree	officer: Chief Operating Officer	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48034
Craig Erlich	officer: CHIEF OPERATING OFFICER	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304-2324
Peter Coughenour	officer: CHIEF FINANCIAL OFFICER	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Stephen Breslin	officer: Chief Accounting Officer	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
David A. Wolff	officer: CHIEF ACCOUNTING OFFICER	70 E. LONG LAKE RD., BLOOMFIELD HILLS MI 48304-2324
Karen Dearing	director	27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Nicole Witteveen	officer: EVP, PEOPLE & CULTURE	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Michael Judlowe	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Michael Hollman	director	7930 JONES BRANCH DRIVE, SUITE 1124, MCLEAN VA 22102
Jerome R Rossi	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304-2324
Danielle M Spehar	officer: GENERAL COUNSEL	70 E. LONG LAKE RD, BLOOMFIELD HILLS MI 48304
Merrie S. Frankel	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48034