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ADC US​

Agree Realty Corp(ADC US)

$66.70-0.370.55%Ext:$66.83+0.130.20%(Market Closed · 23:56:40 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Agree Realty Corp — Company Profile

Agree Realty Corporation functions as a publicly traded Real Estate Investment Trust (REIT), concentrating its efforts on the acquisition and development of commercial properties. These assets are primarily net-leased to leading companies within the retail sector. As of September 30, 2020, the firm oversaw a substantial portfolio of 1,027 properties, which were distributed across 45 U.S. states and encompassed a total gross leasable area of approximately 21.0 million square feet. Shares of Agree Realty's common stock are available for trade on the New York Stock Exchange, identified by the ticker symbol ADC.

Sector
Real Estate
Industry
Specialized REITs
Exchange
UN
CEO
Joel N. Agree
Headquarters
Royal Oak, MI, US
IPO Date
Apr 15, 1994
Employees
90
Website
www.agreerealty.com

Key Metrics

Price
$65.88
Market Cap
$7.91B
Revenue (TTM)
$200.81M
Net Income (TTM)
$62.23M
EPS (TTM)
0.50
P/E (TTM)
36.03
P/B (TTM)
1.27
Dividend Yield
4.22%
ROE (TTM)
1.00%
ROA (TTM)
0.61%
Operating Margin
49.08%
Beta
-0.18

Dividends

Last Dividend
$0.27
Last Yield
0.04%

Summary

Agree Realty Corporation functions as a publicly traded Real Estate Investment Trust (REIT), concentrating its efforts on the acquisition and development of commercial properties. These assets are primarily net-leased to leading companies within the retail sector. As of September 30, 2020, the firm oversaw a substantial portfolio of 1,027 properties, which were distributed across 45 U.S. states and encompassed a total gross leasable area of approximately 21.0 million square feet. Shares of Agree Realty's common stock are available for trade on the New York Stock Exchange, identified by the ticker symbol ADC.

Website
www.agreerealty.com
Location
Royal Oak, MI, US
Phone248-737-4190
Employees90
CEOJoel N. Agree
Sector
Real Estate
Industry
Specialized REITs
IPO DateApr 15, 1994

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Latest Documents

SEC Filings(1.2K)

Expand
  • 4Statement of changes in beneficial ownership23 Oct
  • 4Statement of changes in beneficial ownership23 Oct
  • 10-QQ3ended 30 Sept 202620 Oct
  • 8-KResults of Operations and Financial Condition20 Oct
  • 8-KOther Events2 Oct
  • 4Statement of changes in beneficial ownership23 Sep
  • 8-KEntry into a Material Definitive Agreement22 Sep
  • 424B5Prospectus filing (Rule 424(b)(5))18 Sep
  • FWPFree writing prospectus17 Sep
  • FWPFree writing prospectus17 Sep
  • 424B5Prospectus filing (Rule 424(b)(5))17 Sep
  • 4Statement of changes in beneficial ownership17 Sep
  • 4Statement of changes in beneficial ownership17 Sep
  • 4Statement of changes in beneficial ownership2 Sep
  • 4Statement of changes in beneficial ownership31 Aug
  • 4Statement of changes in beneficial ownership21 Aug
  • SC 13G/AAGREE REALTY CORP14 Aug
  • 10-QQ2ended 30 Jun 202630 Jul
  • 8-KResults of Operations and Financial Condition30 Jul
  • 8-KOther Events2 Jul

News

  • Lilly presents first clinical data in platinum-sensitive ovarian cancer for its investigational, next-generation, FRα-targeting ADC at ESMO 202602:30AM
  • Dividend Champion, Contender, And Challenger Highlights: Week October 2523 Oct
  • ArriVent to Present Initial Phase 1 Data for CDH17-targeted ADC ARR-217 in Patients with Gastrointestinal Cancers at the ESMO Congress 202623 Oct
  • Zai Lab Announces $250 Million Private Placement22 Oct
  • An $800,000 Portfolio Pays Nearly $3,800 a Month. How Much Would Taxes Take?22 Oct
  • Agree Realty: The Selloff Has Created An Attractive Income Opportunity22 Oct
  • Daiichi Sankyo Highlights Ongoing Progress Across Industry-Leading ADC Portfolio with New Research Updates at ESMO22 Oct
  • BioNTech Advances Phase 3 Clinical Trial of Pumitamig in Combination with Gilead's TROP2-Directed ADC Sacituzumab Govitecan in Triple-Negative Breast Cancer22 Oct
  • Agree Realty: 3 Key Takeaways for Long-Term Investors21 Oct
  • What Agree Realty (ADC) Said on Its Q3 Earnings Call21 Oct
  • Agree Realty Corporation (ADC) Q3 2026 Earnings Call Transcript21 Oct
  • Agree Realty: 7.3% Acquisitions, $75 Equity, And A $67 Stock20 Oct
  • Agree Realty (ADC) Beats Q3 FFO and Revenue Estimates20 Oct
  • Agree Realty Corporation Reports Third Quarter 2026 Results20 Oct
  • What To Watch This REIT Earnings Season20 Oct
  • A $750,000 Dividend Portfolio Could Lose $13,920 a Year to Taxes. Here's the Roth Alternative20 Oct
  • 3 Dividend Stocks That Let You Collect Rent Without Becoming a Landlord19 Oct
  • Agree Realty Corporation After The Rate Hike: Buy, Hold, Or Sell?19 Oct
  • Defence Therapeutics Wins Best Poster Award and Takes Center Stage at World ADC San Diego 2026, a Key Recognition in the Field Highlighting the Potential of Its Accum Platform19 Oct
  • ESMO 2026 Preview | Mabwell to Present Clinical Results for Nectin-4-Targeting ADC 9MW2821 in ADC-Pretreated Triple-Negative Breast Cancer18 Oct

Mentions in Filings

  • … sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About <strong>Agree Realty Corporation</strong> Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tena …
    Agree Limited PartnershipAgree Realty Corp·FWP - Free writing prospectus·Q3 26·17 Sep
  • Differentiated Characteristics Versus Peers Note: Essential Properties, Four Corners, <strong>Agree Realty</strong>, NNN REIT, Realty Income, and NETSTREIT as of Q2 2026. Reflects the undepreciated book value of real estate divided by the number of properties. Average Box Size (000s Square Feet) Fungible Box Sizes That Many Tenants Can Utilize Peer average: 15K SQFT Low Rent and Basis Allowing for Positive Releasing Opportunities Annualized Base Rent Per Property …
    FrontView REIT, Inc.Agree Realty Corp·EX-99.1 - 8-K - Regulation FD Disclosure·Q3 26·14 Sep
  • #Agree Realty Corp. 143,466 10,362,549 Alexander & Baldwin, Inc. 54,482 1,129,957 Alexander's, Inc. 2,674 654,863 Alexandria Real Estate Equities, Inc. 190,334 10,399,850 Alpine Income Property Trust, Inc. 14,817 261,076 American Assets Trust, Inc., Class A 60,163 1,086,544 American Healthcare REIT, Inc. 231,485 10,858,961 American Homes 4 Rent, Class A 416,380 13,041,022 American Tower Corp. …
    Dimensional ETF TrustAgree Realty Corp·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
  • … tively Low Investment Activity Smaller Size is a Structural Advantage Net Lease Peers Capital Deployment and Growth Company 2026 Investment Guidance in Millions 2026E to 2028E AFFO Per Share CAGR (1) Realty Income $9,500 3.1% NNN $750 3.1% <strong>Agree Realty</strong> $1,700 4.4% Essential Properties $1,350 6.6% Netstreit $750 5.2% Four Corners (2) $528 3.4% Peer Average $2,430 4.3% Current Cost of Capital (4) AFFO Yield (65%) 6.6% Debt (35%) 5.0% WACC 6.0% ---
    FrontView REIT, Inc.Agree Realty Corp·EX-99.3 - 8-K - Results of Operations and Financial Condition·Q3 26·6 Aug
  • … the sum of the 2026 PSUs or 2025 PSUs: (i) earned based on the Company’s debt reduction over a three year period; (ii) earned by comparing the Company’s TSR to a custom designed net lease peer group consisting of <strong>Agree Realty Corporation</strong>, Broadstone Net Lease, Inc., EPR Properties, Essential Properties Realty Trust, Inc., Four Corners Property Trust, Inc., Getty Realty Corp., Gladstone Commercial Corporation, LXP Industrial Trust, NETSTREIT Corp. …
    Global Net Lease, Inc.Agree Realty Corp·10-Q - Quarterly report Q2·Q2 26·5 Aug
  • … Section 5 shall not exceed the vesting percentage corresponding to the Company’s “Target” percentile rank. ​ A-3 ​ --- UPDATED AS OF 2/2/2026 **SCHEDULE A-1** **Company Name****Ticker** Acadia Realty TrustAKR <strong>Agree Realty</strong> CorpADC Alexander & Baldwin IncALEX Alexander's IncALX Alexandria Real Estate Equities, Inc.ARE American Assets Trust IncAAT American Healthcare REIT IncAHR American Homes 4 RentAMH Americold Realty Trust IncCOL …
    CTO Realty Growth, Inc.Agree Realty Corp·EX-10.1 - 10-Q - Quarterly report Q2·Q2 26·28 Jul

Key Stats

Trading

Px/Chg 1D$65.88 / +1.31%
Prev Close$72.62
% of 52Wk H88.67%
Avg Volume1.17M
Beta-0.18
Mkt Cap7.91B
FD Mkt Cap8.74B

Float

Shrs Out/Float120.10M / 121.77M
Short Float0.12%
Days to Cover12.18
Stock Repurchased$6.06M

Current Valuation

EV11.35B
EV/EBITDA18.51
EV/Sales15.14
P/B1.27
P/S10.55
FCF Yield-3.38%
ROE1.00%
ROA0.61%
Current Ratio0.83

Dividend

Cash$0.27
Yield4.22%
Yield (TTM)4.22%

Estimates

P/E36.03
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings79.3934.3231.8742.06162.84125.84
Price / Sales24.4112.1710.0812.9047.9039.00
Price / Book Value1.271.131.041.441.461.26
Price / Free Cash Flow19.8714.4513.8318.4281.98-29.31
ENTERPRISE VALUE METRICS
Enterprise Value10,051.27,357.08,029.210,959.412,639.011,271.4
Enterprise Value / Sales34.4617.1214.9417.7666.3556.13
Enterprise Value / EBITDA42.7019.0517.3120.1776.0280.93
Enterprise Value / EBIT78.5433.5431.5436.16136.15155.32

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue20.6%339.3429.8537.5617.1718.4
Gross Income20.6%298.3377.5470.8542.2630.3
EBITDA20.2%295.7386.2463.9543.3617.1
EBIT18.1%175.7219.3254.6303.0341.3
Net Income13.7%122.3152.4170.0189.2204.3
EPS (Diluted)-14.1%1.781.831.701.781.77
BALANCE SHEET
Cash & ST Inv-21.7%43.327.810.96.416.3
Total Assets17%5,226.96,713.27,774.88,486.49,797.6
Total Liabilities18.2%1,807.62,082.82,574.72,975.83,526.5
Total Shareholder Equity16.4%3,417.74,629.05,199.25,510.06,271.0
CASH FLOW
Net Operating Cash Flow19.6%246.3362.1391.6432.0504.1
Cap Ex—-----
Free Cash Flow19.6%246.3362.1391.6432.0504.1

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)66.65
Basic Shares120.10
Market Cap8,004.9
Diluted Shares124.60
Fully Diluted Shares Outstanding124.60
Fully Diluted Market Cap8,304.8
+Consolidated Debt3,739.9
−In-the-Money Convertible Debt—
+Capital Leases24.6
+Operating Leases—
−Cash & Equivalents-80.6
−Short-term Investments-
+Total Preferred175.0
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-0.0
+Pension Liabilities—
Enterprise Value11,839.2

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