# AGREE REALTY CORP (ADC) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from AGREE REALTY CORP's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/ADC/mda/fy2025/): filed 2026-02-10; accession 0000917251-26-000013 (https://www.sec.gov/Archives/edgar/data/917251/000091725126000013/adc-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/ADC/mda/fy2024/): filed 2025-02-11; accession 0001558370-25-000803 (https://www.sec.gov/Archives/edgar/data/917251/000155837025000803/adc-20241231x10k.htm)
- [FY 2023 MD&A](/company/ADC/mda/fy2023/): filed 2024-02-13; accession 0001558370-24-001056 (https://www.sec.gov/Archives/edgar/data/917251/000155837024001056/adc-20231231x10k.htm)
- [FY 2022 MD&A](/company/ADC/mda/fy2022/): filed 2023-02-14; accession 0001558370-23-001274 (https://www.sec.gov/Archives/edgar/data/917251/000155837023001274/adc-20221231x10k.htm)
- [FY 2021 MD&A](/company/ADC/mda/fy2021/): filed 2022-02-22; accession 0001558370-22-001606 (https://www.sec.gov/Archives/edgar/data/917251/000155837022001606/adc-20211231x10k.htm)

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