• Agree Realty average return on tangible equity for 2023 was 3.94, a 10.86% increase from 2022.
• Agree Realty average return on tangible equity for 2022 was 4.42, a 6.36% decline from 2021.
• Agree Realty average return on tangible equity for 2021 was 4.72, a 20.27% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.