ADC.PRA logo

Agree Realty NYSE:ADC.PRA Stock Report

Last Price

US$17.70

Market Cap

US$7.2b

7D

-3.4%

1Y

-5.7%

Updated

08 Jan, 2025

Data

Company Financials +

Agree Realty Corporation

NYSE:ADC.PRA Stock Report

Market Cap: US$7.2b

ADC.PRA Stock Overview

Agree Realty Corporation (the “Company”), a Maryland corporation, is a fully integrated real estate investment trust (“REIT”) primarily focused on the ownership, acquisition, development and management of retail properties net leased to industry leading tenants. More details

ADC.PRA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance3/6
Financial Health2/6
Dividends5/6

Rewards

Trading at 53.2% below our estimate of its fair value

Earnings are forecast to grow 10.33% per year

Earnings grew by 15.8% over the past year

Pays a reliable dividend of 4.3%

Risk Analysis

Interest payments are not well covered by earnings

Shareholders have been diluted in the past year


My Notes

Capture your thoughts, links and company narrative

Agree Realty Corporation Competitors

Spirit Realty Capital

NYSE:SRC

US$6.0b

NNN REIT

NYSE:NNN

US$7.3b

Brixmor Property Group

NYSE:BRX

US$8.0b

Federal Realty Investment Trust

NYSE:FRT

US$9.0b

Price History & Performance

Summary of share price highs, lows and changes for Agree Realty
Historical stock prices
Current Share PriceUS$17.70
52 Week HighUS$21.94
52 Week LowUS$16.67
Beta0.65
1 Month Change-9.51%
3 Month Change-15.43%
1 Year Change-5.70%
3 Year Change-26.00%
5 Year Changen/a
Change since IPO-29.71%

Recent News & Updates

Recent updates

Shareholder Returns

ADC.PRAUS Retail REITsUS Market
7D-3.4%-1.8%0.7%
1Y-5.7%5.4%23.9%

Return vs Industry: ADC.PRA underperformed the US Retail REITs industry which returned 5.4% over the past year.

Return vs Market: ADC.PRA underperformed the US Market which returned 23.9% over the past year.

Price Volatility

Is ADC.PRA's price volatile compared to industry and market?
ADC.PRA volatility
ADC.PRA Average Weekly Movement2.6%
Retail REITs Industry Average Movement2.8%
Market Average Movement6.4%
10% most volatile stocks in US Market18.7%
10% least volatile stocks in US Market3.1%

Stable Share Price: ADC.PRA has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: ADC.PRA's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197172Joey Agreewww.agreerealty.com

Agree Realty Corporation (the “Company”), a Maryland corporation, is a fully integrated real estate investment trust (“REIT”) primarily focused on the ownership, acquisition, development and management of retail properties net leased to industry leading tenants. The Company was founded in 1971 by its current Executive Chairman, Richard Agree, and its common stock was listed on the New York Stock Exchange in 1994. As of March 31, 2024, the Company owned 2,161 properties, with a total gross leasable area (“GLA”) of approximately 44.9 million square feet.

Agree Realty Corporation Fundamentals Summary

How do Agree Realty's earnings and revenue compare to its market cap?
ADC.PRA fundamental statistics
Market capUS$7.24b
Earnings (TTM)US$181.99m
Revenue (TTM)US$600.53m

39.6x

P/E Ratio

12.0x

P/S Ratio

Is ADC.PRA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ADC.PRA income statement (TTM)
RevenueUS$600.53m
Cost of RevenueUS$72.40m
Gross ProfitUS$528.13m
Other ExpensesUS$346.13m
EarningsUS$181.99m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 11, 2025

Earnings per share (EPS)1.76
Gross Margin87.94%
Net Profit Margin30.31%
Debt/Equity Ratio50.6%

How did ADC.PRA perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

82%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/08 01:36
End of Day Share Price 2025/01/08 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Agree Realty Corporation is covered by 34 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wesley GolladayBaird
Richard HightowerBarclays
Nathan CrossettBerenberg