Agree Realty Future Growth

Future criteria checks 2/6

Agree Realty is forecasted to grow earnings and revenue by 14.1% and 15.7% per annum respectively. EPS is expected to grow by 3.1%. Return on equity is forecast to be 3.5% in 3 years.

Key information

14.1%

Earnings growth rate

3.1%

EPS growth rate

Retail REITs earnings growth	3.6%
Revenue growth rate	15.7%
Future return on equity	3.5%
Analyst coverage	Good
Last updated	22 Sep 2023

Recent future growth updates

Recent updates

Agree Realty to settle outstanding forward equity for $599M, announces stock offering

Sep 28

Agree Realty: Safe 3.7% Yield, But Overvalued

Sep 12

Better NNN SWAN: Realty Income's 4.4% Yield Or Agree Realty's 3.8%

Sep 01

Agree Realty: Moving To Hold After A Strong Run In Shares

Aug 18

Agree Realty declares $0.234 dividend

Aug 11

3 Top Defensive Stocks On The Eve Of The July Fed Meeting

Jul 26

Agree Realty declares $0.234 dividend

Jul 12

Forget Realty Income, Buy Agree Realty Instead

Jun 24

Agree Realty: Continues To Remain Attractive

May 25

Agree Realty And Simon Property: Opportunistic In Different Ways

Apr 15

STORE Capital And Agree Realty: 2 Net Lease REITs To Add On This Pullback

Mar 16

Agree Realty: Yes, You Can Earn High Yield And Sleep Well At Night

Mar 04

Agree Realty: A Wide Moat REIT With A Wider Margin Of Safety

Jan 31

Agree Realty: The Best Mid-Cap Net Lease REIT To Own For The Next 5 Years

Dec 23

Top 5 REITs For 2022

Dec 09

If You Like Fungible Rectangles, You Will Love Agree Realty

Nov 21

Earnings and Revenue Growth Forecasts

NYSE:ADC - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	749	223	N/A	507	4
12/31/2024	615	191	N/A	435	11
12/31/2023	533	163	N/A	377	11
6/30/2023	483	155	396	396	N/A
3/31/2023	458	150	395	395	N/A
12/31/2022	430	145	362	362	N/A
9/30/2022	405	137	329	329	N/A
6/30/2022	382	136	278	278	N/A
3/31/2022	360	124	262	262	N/A
12/31/2021	339	120	246	246	N/A
9/30/2021	319	112	238	238	N/A
6/30/2021	296	97	193	193	N/A
3/31/2021	271	100	160	160	N/A
12/31/2020	249	91	143	143	N/A
9/30/2020	229	90	129	129	N/A
6/30/2020	214	89	137	137	N/A
3/31/2020	201	83	132	132	N/A
12/31/2019	187	80	127	127	N/A
9/30/2019	173	70	118	118	N/A
6/30/2019	159	66	114	114	N/A
3/31/2019	147	60	99	99	N/A
12/31/2018	137	58	93	93	N/A
9/30/2018	131	61	91	91	N/A
6/30/2018	127	58	85	85	N/A
3/31/2018	122	60	84	84	N/A
12/31/2017	112	58	82	82	N/A
9/30/2017	110	54	71	71	N/A
6/30/2017	104	56	70	70	N/A
3/31/2017	98	52	N/A	61	N/A
12/31/2016	92	45	N/A	62	N/A
9/30/2016	85	40	N/A	56	N/A
6/30/2016	79	41	N/A	50	N/A
3/31/2016	74	40	N/A	52	N/A
12/31/2015	70	39	N/A	45	N/A
9/30/2015	65	37	N/A	44	N/A
6/30/2015	61	27	N/A	39	N/A
3/31/2015	57	19	N/A	36	N/A
12/31/2014	54	18	N/A	35	N/A
9/30/2014	51	18	N/A	34	N/A
6/30/2014	48	18	N/A	32	N/A
3/31/2014	46	20	N/A	31	N/A
12/31/2013	44	18	N/A	29	N/A
9/30/2013	40	16	N/A	28	N/A
6/30/2013	38	15	N/A	27	N/A
3/31/2013	36	15	N/A	24	N/A
12/31/2012	35	14	N/A	21	N/A
9/30/2012	34	13	N/A	23	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ADC's forecast earnings growth (14.1% per year) is above the savings rate (2.2%).

Earnings vs Market: ADC's earnings (14.1% per year) are forecast to grow slower than the US market (15.4% per year).

High Growth Earnings: ADC's earnings are forecast to grow, but not significantly.

Revenue vs Market: ADC's revenue (15.7% per year) is forecast to grow faster than the US market (7.7% per year).

High Growth Revenue: ADC's revenue (15.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ADC's Return on Equity is forecast to be low in 3 years time (3.5%).

Discover growth companies

High growth companies in the Real Estate industry.

Agree Realty Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target decreased to US$76.83

Recent updates

Upcoming dividend of US$0.24 per share at 5.0% yield

Agree Realty Corporation Announces Promotion of Nicole Witteveen to Chief Operating Officer of the Company

Agree Realty: The Monthly Payer Is Absolutely Cheap But Relatively Expensive

Agree Realty Declares Monthly Common Dividends, Payable on October 13, 2023

Agree Realty: Buy The Dip For The 4.8% Yield

High Annualized Upside From Agree Realty At A Low Valuation

Upcoming dividend of US$0.24 per share at 4.7% yield

Agree Realty Corporation Declares Monthly Cash Dividend on Common Share, Payable on September 14, 2023

Agree Realty: Putting Their Money Where Their Mouth Is

Independent Director recently bought US$1.9m worth of stock

Second quarter 2023 earnings: Revenues and EPS in line with analyst expectations

Agree Realty: A Great Time To Buy The Dip

Upcoming dividend of US$0.24 per share at 4.4% yield

Agree Realty Corporation Declares Monthly Cash Dividend on Common Share, Payable on August 14, 2023

Agree Realty: A Perfect Tenant Replacement Stock

Agree Realty Corporation to Report Q2, 2023 Results on Aug 01, 2023

Cost Of Capital Advantage Makes Agree Realty A Better Value Than Spirit Realty

Upcoming dividend of US$0.24 per share at 4.5% yield

Agree Realty: A Steady REIT Income Play

Agree Realty Corporation Declares Monthly Common Dividend, Payable on July 14, 2023

Agree Realty: From Ugly REIT Duckling To Super SWAN

Upcoming dividend of US$0.24 per share at 4.4% yield

Agree Realty Corporation Declares Monthly Cash Dividend, Payable on June 14, 2023

Independent Director recently bought US$712k worth of stock

First quarter 2023 earnings released: EPS: US$0.44 (vs US$0.48 in 1Q 2022)

Upcoming dividend of US$0.24 per share at 4.3% yield

Upcoming dividend of US$0.24 per share at 3.9% yield

Agree Realty: Not Worth Buying At The Current Price

Full year 2022 earnings: EPS exceeds analyst expectations

Agree Realty Corporation Declares Monthly Cash Dividend, Payable on March 14, 2023

Agree Realty declares $0.24 dividend

Agree Realty: Perfect Macro Setup For This High-Quality Retail REIT

Upcoming dividend of US$0.24 per share

Agree Realty Corporation Declares Monthly Cash Dividend, Payable February 14, 2023

Agree Realty declares $0.24 dividend

Agree Realty Corporation to Report Q4, 2022 Results on Feb 14, 2023

Agree Realty: Hold On, There Are Better Choices

Independent Director recently bought US$785k worth of stock

Upcoming dividend of US$0.24 per share

Agree Realty Corporation Declares Monthly Cash Dividend, Payable on January 13, 2023

Agree Realty declares $0.24 dividend

Upcoming dividend of US$0.24 per share

Agree Realty Corporation Declares Monthly Cash Dividend, Payable on December 14, 2022

Agree Realty: Another Dividend Hike For This Monthly Paying Net Lease REIT

Third quarter 2022 earnings: EPS exceeds analyst expectations

Upcoming dividend of US$0.24 per share

Price target decreased to US$76.83

Agree Realty Corporation Declares Monthly Cash Dividend, Payable on November 14, 2022

Agree Realty raises dividend by 3% to $0.24

Agree Realty Corporation to Report Q3, 2022 Results on Nov 01, 2022

Agree Realty Corporation has completed a Follow-on Equity Offering in the amount of $334.25 million.

Agree Realty to settle outstanding forward equity for $599M, announces stock offering

Upcoming dividend of US$0.23 per share

Agree Realty Corporation Declares Monthly Cash Dividend, Payable on October 14, 2022

Agree Realty: Safe 3.7% Yield, But Overvalued

Agree Realty Corporation (NYSE:ADC) acquired Two Waterbury Retail Buildings from GREP Waterbury LLC for $3 million.

Better NNN SWAN: Realty Income's 4.4% Yield Or Agree Realty's 3.8%

Upcoming dividend of US$0.23 per share

Agree Realty: Moving To Hold After A Strong Run In Shares

Agree Realty Corporation Announces Monthly Dividend, Payable on September 14, 2022

Agree Realty declares $0.234 dividend

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

3 Top Defensive Stocks On The Eve Of The July Fed Meeting

Upcoming dividend of US$0.23 per share

Agree Realty Corporation Announces Monthly Dividend, Payable on August 12, 2022

Agree Realty declares $0.234 dividend

Agree Realty Corporation to Report Q2, 2022 Results on Aug 02, 2022

Forget Realty Income, Buy Agree Realty Instead

Agree Realty Corporation (NYSE:ADC) acquired Newington Westfarms Center in United States from Tartaglia Commercial Properties for $26.4 million.

Upcoming dividend of US$0.23 per share

Agree Realty Corporation Announces Monthly Cash Dividend, Payable on July 14, 2022

Agree Realty Corporation Announces Executive Changes

Agree Realty: Continues To Remain Attractive

Upcoming dividend of US$0.23 per share