Agree Realty Corporation

NYSE:ADC.PRA Stock Report

Market Cap: US$7.2b

Agree Realty Past Earnings Performance

Past criteria checks 3/6

Agree Realty has been growing earnings at an average annual rate of 17.9%, while the Retail REITs industry saw earnings growing at 10.3% annually. Revenues have been growing at an average rate of 24.1% per year. Agree Realty's return on equity is 3.6%, and it has net margins of 30.3%.

Key information

17.9%

Earnings growth rate

-1.5%

EPS growth rate

Retail REITs Industry Growth8.5%
Revenue growth rate24.1%
Return on equity3.6%
Net Margin30.3%
Next Earnings Update11 Feb 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Agree Realty makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:ADC.PRA Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24601182370
30 Jun 24583179370
31 Mar 24560165350
31 Dec 23537162350
30 Sep 23510157340
30 Jun 23483155320
31 Mar 23458150310
31 Dec 22430145300
30 Sep 22405137290
30 Jun 22382136280
31 Mar 22360124260
31 Dec 21339120250
30 Sep 21319112260
30 Jun 2129697250
31 Mar 21271100230
31 Dec 2024991210
30 Sep 2022990180
30 Jun 2021489170
31 Mar 2020183160
31 Dec 1918780160
30 Sep 1917370140
30 Jun 1915966140
31 Mar 1914760130
31 Dec 1813758120
30 Sep 1813161120
30 Jun 1812758110
31 Mar 1812260100
31 Dec 171125890
30 Sep 171105490
30 Jun 171045690
31 Mar 17985290
31 Dec 16924580
30 Sep 16854080
30 Jun 16794180
31 Mar 16744070
31 Dec 15703970
30 Sep 15653770
30 Jun 15612770
31 Mar 15571970
31 Dec 14541870
30 Sep 14511860
30 Jun 14481860
31 Mar 14462060

Quality Earnings: ADC.PRA has high quality earnings.

Growing Profit Margin: ADC.PRA's current net profit margins (30.3%) are lower than last year (30.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ADC.PRA's earnings have grown by 17.9% per year over the past 5 years.

Accelerating Growth: ADC.PRA's earnings growth over the past year (15.8%) is below its 5-year average (17.9% per year).

Earnings vs Industry: ADC.PRA earnings growth over the past year (15.8%) exceeded the Retail REITs industry 2.1%.

Return on Equity

High ROE: ADC.PRA's Return on Equity (3.6%) is considered low.

Return on Assets

Return on Capital Employed

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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