ADC 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
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 2/6 |
| Dividends | 5/6 |
My Notes
Capture your thoughts, links and company narrative
Community Narratives
Create a narrativeNarratives bring a range of perspectives from our community.
Credit Rating Upgrade And Acquisitions Will Drive Future Expansion
Agree Realty Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$70.95 |
| 52 Week High | US$78.39 |
| 52 Week Low | US$54.28 |
| Beta | 0.64 |
| 1 Month Change | -7.19% |
| 3 Month Change | -4.84% |
| 1 Year Change | 12.55% |
| 3 Year Change | 0.65% |
| 5 Year Change | 1.11% |
| Change since IPO | 263.85% |
Recent News & Updates
Agree Realty: Three Ways To Invest In A Net Lease Leader
Dec 23Agree Realty: Unfortunately No Longer A 'Buy' At This Price (Rating Downgrade)
Dec 01Why Buy Treasuries When You Can Buy Agree Realty
Nov 13Recent updates
Agree Realty: Three Ways To Invest In A Net Lease Leader
Dec 23Agree Realty: Unfortunately No Longer A 'Buy' At This Price (Rating Downgrade)
Dec 01Why Buy Treasuries When You Can Buy Agree Realty
Nov 13Agree Realty: A Strong Performance, But Preferreds Getting Less Attractive
Oct 30Agree Realty Q3 Earnings: Buying What They Are Selling
Oct 24Resolving Dilemma Between Realty Income And Agree Realty
Oct 15Agree Realty: No Longer Undervalued, Still A Buy
Sep 23Agree Realty: The Multiple Expansion Has Not Made The Case Unattractive
Sep 16Agree Realty: Common Or Preferred? One Is The Better Buy
Aug 15Agree Realty Q2 Earnings: Still A Strong Buy In The Net Lease Sector
Jul 24Agree Realty: Potential Addition To Dividend Growth Portfolios
Jun 26Agree Realty Corporation: Elite-Level Business Metrics With Room To Further Outperform
May 25Agree Realty Q1 Earnings: Key Takeaways That Earn The Stock A Strong Buy
Apr 24Investment Spread And NAVPS Suggest Agree Is Fairly Valued
Apr 15Agree Realty: Why I Bought The 5.3% Yielding Commons
Mar 21Agree Realty: Better Growth Prospects Than Realty Income
Mar 01Agree Realty: Strong Performance In Q4, Good Financial Position (Rating Upgrade)
Feb 22W. P. Carey Vs. Agree Realty: Hell Hath No Fury Like An Income Investor Scorned
Feb 13Agree Realty: Who Else Is Backing Up The Truck With Me?
Jan 30Agree Realty: Off The Lows But Still A Long-Term Buy Candidate
Jan 08Agree Realty: A 5%-Yielding Monthly Dividend Payer On My Radar
Dec 14Agree Realty: 4.9% Yield, Monthly Payer, Great Preferreds
Dec 04Agree Realty And NNN REIT Q3: Solid Earnings Shows Why Both SWANs Are Great Buys Right Now
Nov 06Realty Income And Agree Realty: Less Dumb Than The Stereotypes
Oct 19Perception Is Not The Reality: 2 REITs I'm Buying All The Way Down
Oct 13Agree Realty: One Of The Best Picks For A High Interest Rate Environment
Sep 28Agree Realty: The Monthly Payer Is Absolutely Cheap But Relatively Expensive
Sep 14Agree Realty: Buy The Dip For The 4.8% Yield
Sep 08High Annualized Upside From Agree Realty At A Low Valuation
Aug 29Agree Realty: Putting Their Money Where Their Mouth Is
Aug 08Shareholder Returns
| ADC | US Retail REITs | US Market | |
|---|---|---|---|
| 7D | -3.2% | -4.3% | -2.2% |
| 1Y | 12.5% | 7.2% | 23.9% |
Return vs Industry: ADC exceeded the US Retail REITs industry which returned 7.2% over the past year.
Return vs Market: ADC underperformed the US Market which returned 23.9% over the past year.
Price Volatility
| ADC volatility | |
|---|---|
| ADC Average Weekly Movement | 2.5% |
| Retail REITs Industry Average Movement | 2.6% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: ADC has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: ADC's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1971 | 72 | Joey Agree | www.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
| ADC fundamental statistics | |
|---|---|
| Market cap | US$7.33b |
| Earnings (TTM) | US$181.99m |
| Revenue (TTM) | US$600.53m |
40.3x
P/E Ratio12.2x
P/S RatioIs ADC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ADC income statement (TTM) | |
|---|---|
| Revenue | US$600.53m |
| Cost of Revenue | US$72.40m |
| Gross Profit | US$528.13m |
| Other Expenses | US$346.13m |
| Earnings | US$181.99m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.76 |
| Gross Margin | 87.94% |
| Net Profit Margin | 30.31% |
| Debt/Equity Ratio | 50.6% |
How did ADC perform over the long term?
See historical performance and comparisonDividends
4.2%
Current Dividend Yield82%
Payout RatioDoes ADC pay a reliable dividends?
See ADC dividend history and benchmarks| Agree Realty dividend dates | |
|---|---|
| Ex Dividend Date | Dec 31 2024 |
| Dividend Pay Date | Jan 15 2025 |
| Days until Ex dividend | 6 days |
| Days until Dividend pay date | 21 days |
Does ADC pay a reliable dividends?
See ADC dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 21:47 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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 35 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wesley Golladay | Baird |
| Richard Hightower | Barclays |
| Nathan Crossett | Berenberg |