ADC tangible book value per share history

Annual fiscal periods. Dates are reporting period ends; fiscal years can differ from calendar years.

Agree Realty Corporation Common Stock Tangible Book Value Per Share — Annual fiscal periods
Period ending	Tangible Book Value Per Share
Dec 31, 2025	47.5978
Dec 31, 2024	45.9522
Dec 31, 2023	45.6561
Dec 31, 2022	48.703
Dec 31, 2021	41.1258
Dec 31, 2020	39.5974
Dec 31, 2019	33.2217
Dec 31, 2018	29.8823
Dec 31, 2017	25.9196
Dec 31, 2016	25.1735
Dec 31, 2015	20.9447
Dec 31, 2014	20.7321
Dec 31, 2013	20.2442
Dec 31, 2012	15.9537
Dec 31, 2011	15.1576
Dec 31, 2010	17.1257
Dec 31, 2009	17.7043
Dec 31, 2008	17.9739
Dec 31, 2007	17.9637
Dec 31, 2006	17.9465
Dec 31, 2005	18.302
Dec 31, 2004	16.0115
Dec 31, 2003	20.8993
Dec 31, 2002	13.137
Dec 31, 2001	12.9798
Dec 31, 2000	12.9595
Dec 31, 1999	13.2812
Dec 31, 1998	13.6498
Dec 31, 1997	16.4366
Dec 31, 1996	11.4404
Dec 31, 1995	12.0694
Dec 31, 1994	10.36