Agree Realty Altman Z-Score
ADC / Real Estate|Modified Z-Score (book value) based on FY2025 data
Agree Realty's Altman Z-Score of 0.93 places the company in the "distress zone" used by the Altman model (below 1.23) for FY2025. Z-Score is calculated from 5 financial ratios derived from Agree Realty's SEC 10-K filing, evaluated in the context of the Real Estate sector.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.93 (distress zone, below 1.23 threshold)
- Cash-backed earnings: Operating cash flow exceeds net income
Data sourced from SEC EDGAR filings. Not investment advice.
Distress Zone (< 1.23)
The score is below the 1.23 boundary used in the Altman model.
The Altman Z-Score uses 5 financial ratios. Learn more
Profit margin ranks in the above average of Real Estate companies
Components: book value of equity, working capital, retained earnings, EBIT, and revenue-to-assets — all derived from SEC FY2025 10-K filings.
5-Factor Decomposition
Working Capital / Total Assets
- Ratio
- -
- Weight
- 0.717
- Contribution
- -
Retained Earnings / Total Assets
- Ratio
- -
- Weight
- 0.847
- Contribution
- -
EBIT / Total Assets
- Ratio
- 0.035
- Weight
- 3.107
- Contribution
- 0.108
Book Equity / Total Liabilities
- Ratio
- 1.778
- Weight
- 0.420
- Contribution
- 0.747
Revenue / Total Assets
- Ratio
- 0.073
- Weight
- 0.998
- Contribution
- 0.073
| Component | Ratio | Weight | Contribution |
|---|---|---|---|
| Working Capital / Total Assets | - | 0.717 | - |
| Retained Earnings / Total Assets | - | 0.847 | - |
| EBIT / Total Assets | 0.035 | 3.107 | 0.108 |
| Book Equity / Total Liabilities | 1.778 | 0.420 | 0.747 |
| Revenue / Total Assets | 0.073 | 0.998 | 0.073 |
| Total Z-Score | 0.93 | ||
As of FY2025 · SEC 10-K Annual Filings · Updated Feb 28, 2026
Z-Score Zones
Safe Zone - score above the 2.9 boundary used in the Altman model.
Grey Zone - score between the 1.23 and 2.9 boundaries used in the Altman model.
Distress Zone - score below the 1.23 boundary used in the Altman model.