Is Agree Realty Corporation’s (NYSE:ADC) CEO Overpaid Relative To Its Peers?

Joey Agree became the CEO of Agree Realty Corporation (NYSE:ADC) in 2013. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. After that, we will consider the growth in the business. And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. This process should give us an idea about how appropriately the CEO is paid.

See our latest analysis for Agree Realty

How Does Joey Agree’s Compensation Compare With Similar Sized Companies?

According to our data, Agree Realty Corporation has a market capitalization of US$1.9b, and pays its CEO total annual compensation worth US$4m. That’s a modest increase of 6.7% on the prior year year. We looked at a group of companies with market capitalizations from US$1.0b to US$3.2b, and the median CEO compensation was US$3m.

So Joey Agree is paid around the average of the companies we looked at. Although this fact alone doesn’t tell us a great deal, it becomes more relevant when considered against the business performance.

You can see a visual representation of the CEO compensation at Agree Realty, below.

NYSE:ADC CEO Compensation October 22nd 18
NYSE:ADC CEO Compensation October 22nd 18

Is Agree Realty Corporation Growing?

Agree Realty Corporation has increased its earnings per share (EPS) by an average of 1.5% a year, over the last three years Its revenue is up 27% over last year.

It’s great to see that revenue growth is strong. And in that context, the modest EPS improvement certainly isn’t shabby. I wouldn’t say this is necessarily top notch growth, but it is certainly promising.

Shareholders might be interested in this free visualization of analyst forecasts. .

Has Agree Realty Corporation Been A Good Investment?

Most shareholders would probably be pleased with Agree Realty Corporation for providing a total return of 95% over three years. So they may not be at all concerned if the CEO is paid more than is normal for companies around the same size.

In Summary…

Joey Agree is paid around the same as most CEOs of similar size companies.

While we would like to see improved growth metrics, there is no doubt that the total returns have been great, over the last three years. So we can conclude that on this analysis the CEO compensation seems pretty sound. If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Agree Realty Corporation.

Of course, the past can be informative so you might be interested in considering this analytical visualization showing the company history of earnings and revenue.

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at