Agree Realty Management
Management criteria checks 4/4
Agree Realty's CEO is Joey Agree, appointed in Jun 2009, has a tenure of 15.5 years. total yearly compensation is $8.23M, comprised of 10.9% salary and 89.1% bonuses, including company stock and options. directly owns 0.57% of the company’s shares, worth $41.48M. The average tenure of the management team and the board of directors is 3 years and 5.4 years respectively.
Key information
Joey Agree
Chief executive officer
US$8.2m
Total compensation
| CEO salary percentage | 10.9% |
| CEO tenure | 15.5yrs |
| CEO ownership | 0.6% |
| Management average tenure | 3yrs |
| Board average tenure | 5.4yrs |
Recent management updates
Recent updates
Agree 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 08Agree Realty: A Great Time To Buy The Dip
Jul 31CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$182m |
| Jun 30 2024 | n/a | n/a | US$179m |
| Mar 31 2024 | n/a | n/a | US$165m |
| Dec 31 2023 | US$8m | US$895k | US$162m |
| Sep 30 2023 | n/a | n/a | US$157m |
| Jun 30 2023 | n/a | n/a | US$155m |
| Mar 31 2023 | n/a | n/a | US$150m |
| Dec 31 2022 | US$8m | US$875k | US$145m |
| Sep 30 2022 | n/a | n/a | US$137m |
| Jun 30 2022 | n/a | n/a | US$136m |
| Mar 31 2022 | n/a | n/a | US$124m |
| Dec 31 2021 | US$7m | US$875k | US$120m |
| Sep 30 2021 | n/a | n/a | US$112m |
| Jun 30 2021 | n/a | n/a | US$97m |
| Mar 31 2021 | n/a | n/a | US$100m |
| Dec 31 2020 | US$8m | US$793k | US$91m |
| Sep 30 2020 | n/a | n/a | US$90m |
| Jun 30 2020 | n/a | n/a | US$89m |
| Mar 31 2020 | n/a | n/a | US$83m |
| Dec 31 2019 | US$5m | US$665k | US$80m |
| Sep 30 2019 | n/a | n/a | US$70m |
| Jun 30 2019 | n/a | n/a | US$66m |
| Mar 31 2019 | n/a | n/a | US$60m |
| Dec 31 2018 | US$5m | US$610k | US$58m |
| Sep 30 2018 | n/a | n/a | US$61m |
| Jun 30 2018 | n/a | n/a | US$58m |
| Mar 31 2018 | n/a | n/a | US$60m |
| Dec 31 2017 | US$4m | US$525k | US$58m |
Compensation vs Market: Joey's total compensation ($USD8.23M) is about average for companies of similar size in the US market ($USD8.04M).
Compensation vs Earnings: Joey's compensation has been consistent with company performance over the past year.
CEO
Joey Agree (45 yo)
15.5yrs
Tenure
US$8,226,103
Compensation
Mr. Joel N. Agree, also known as Joey, has been the Chief Executive Officer at Agree Realty Corporation since January 8, 2013 and its President and Director since June 8, 2009. Mr. Agree served as the Chie...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 31yrs | no data | 0.62% $ 44.6m | |
| President | 15.5yrs | US$8.23m | 0.57% $ 41.5m | |
| CFO, Secretary & Investor Relations Professional | 3.3yrs | US$1.39m | 0.013% $ 959.0k | |
| Chief Operating Officer | 1.3yrs | US$781.76k | 0.011% $ 772.7k | |
| General Counsel | 5.8yrs | US$1.34m | 0.016% $ 1.1m | |
| Chief Growth Officer | 1.3yrs | US$2.10m | 0.044% $ 3.2m | |
| Chief Accounting Officer | 2.5yrs | no data | 0.0099% $ 720.5k | |
| Senior Director of Corporate Finance | less than a year | no data | no data | |
| Chief Information Officer & VP of Continuous Improvement | 2.6yrs | no data | no data | |
| Director of Development | 6.9yrs | no data | no data | |
| Director of People & Culture | 1.9yrs | no data | no data | |
| Vice President of Asset Management | 6.9yrs | no data | no data |
3.0yrs
Average Tenure
50.5yo
Average Age
Experienced Management: ADC's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 31yrs | no data | 0.62% $ 44.6m | |
| President | 15.5yrs | US$8.23m | 0.57% $ 41.5m | |
| Independent Director | 3.8yrs | US$180.00k | 0.42% $ 30.6m | |
| Independent Director | 9.9yrs | US$180.00k | 0.0083% $ 604.5k | |
| Independent Director | 4yrs | US$195.00k | 0.010% $ 742.3k | |
| Lead Independent Director | 6.4yrs | US$202.50k | 0.022% $ 1.6m | |
| Independent Director | 3.3yrs | US$180.00k | 0.0091% $ 658.9k | |
| Independent Director | 8.2yrs | US$187.50k | 0.0088% $ 637.9k | |
| Independent Director | less than a year | no data | 0.0031% $ 225.4k | |
| Independent Director | 4.3yrs | US$180.00k | 0.0058% $ 422.6k |
5.4yrs
Average Tenure
59yo
Average Age
Experienced Board: ADC's board of directors are considered experienced (5.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:15 |
| End of Day Share Price | 2024/12/20 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 |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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 |