Agree Realty Past Earnings Performance
Past criteria checks 3/6
Agree Realty has been growing earnings at an average annual rate of 20.5%, while the Retail REITs industry saw earnings growing at 8.5% annually. Revenues have been growing at an average rate of 26.7% per year. Agree Realty's return on equity is 3.2%, and it has net margins of 30.8%.
Key information
20.5%
Earnings growth rate
-1.3%
EPS growth rate
| Retail REITs Industry Growth | 8.5% |
| Revenue growth rate | 26.7% |
| Return on equity | 3.2% |
| Net Margin | 30.8% |
| Last Earnings Update | 30 Sep 2023 |
Recent past performance updates
Recent updates
Agree 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 31Agree Realty: A Perfect Tenant Replacement Stock
Jul 11Cost Of Capital Advantage Makes Agree Realty A Better Value Than Spirit Realty
Jun 30Agree Realty: A Steady REIT Income Play
Jun 20Agree Realty: From Ugly REIT Duckling To Super SWAN
Jun 14Agree Realty: Not Worth Buying At The Current Price
Feb 19Agree Realty declares $0.24 dividend
Feb 13Agree Realty: Perfect Macro Setup For This High-Quality Retail REIT
Feb 03Agree Realty declares $0.24 dividend
Jan 12Agree Realty: Hold On, There Are Better Choices
Dec 28Agree Realty declares $0.24 dividend
Dec 13Agree Realty: Another Dividend Hike For This Monthly Paying Net Lease REIT
Nov 13Agree Realty raises dividend by 3% to $0.24
Oct 13Agree Realty to settle outstanding forward equity for $599M, announces stock offering
Sep 28Agree Realty: Safe 3.7% Yield, But Overvalued
Sep 12Better NNN SWAN: Realty Income's 4.4% Yield Or Agree Realty's 3.8%
Sep 01Agree Realty: Moving To Hold After A Strong Run In Shares
Aug 18Agree Realty declares $0.234 dividend
Aug 113 Top Defensive Stocks On The Eve Of The July Fed Meeting
Jul 26Agree Realty declares $0.234 dividend
Jul 12Forget Realty Income, Buy Agree Realty Instead
Jun 24Agree Realty: Continues To Remain Attractive
May 25Agree Realty And Simon Property: Opportunistic In Different Ways
Apr 15STORE Capital And Agree Realty: 2 Net Lease REITs To Add On This Pullback
Mar 16Agree Realty: Yes, You Can Earn High Yield And Sleep Well At Night
Mar 04This section of the company report contains some beta features.
Revenue & Expenses BreakdownBeta
How Agree Realty makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 23 | 510 | 157 | 34 | 0 |
| 30 Jun 23 | 483 | 155 | 32 | 0 |
| 31 Mar 23 | 458 | 150 | 31 | 0 |
| 31 Dec 22 | 430 | 145 | 30 | 0 |
| 30 Sep 22 | 405 | 137 | 29 | 0 |
| 30 Jun 22 | 382 | 136 | 28 | 0 |
| 31 Mar 22 | 360 | 124 | 26 | 0 |
| 31 Dec 21 | 339 | 120 | 25 | 0 |
| 30 Sep 21 | 319 | 112 | 26 | 0 |
| 30 Jun 21 | 296 | 97 | 25 | 0 |
| 31 Mar 21 | 271 | 100 | 23 | 0 |
| 31 Dec 20 | 249 | 91 | 21 | 0 |
| 30 Sep 20 | 229 | 90 | 18 | 0 |
| 30 Jun 20 | 214 | 89 | 17 | 0 |
| 31 Mar 20 | 201 | 83 | 16 | 0 |
| 31 Dec 19 | 187 | 80 | 16 | 0 |
| 30 Sep 19 | 173 | 70 | 14 | 0 |
| 30 Jun 19 | 159 | 66 | 14 | 0 |
| 31 Mar 19 | 147 | 60 | 13 | 0 |
| 31 Dec 18 | 137 | 58 | 12 | 0 |
| 30 Sep 18 | 131 | 61 | 12 | 0 |
| 30 Jun 18 | 127 | 58 | 11 | 0 |
| 31 Mar 18 | 122 | 60 | 10 | 0 |
| 31 Dec 17 | 112 | 58 | 9 | 0 |
| 30 Sep 17 | 110 | 54 | 9 | 0 |
| 30 Jun 17 | 104 | 56 | 9 | 0 |
| 31 Mar 17 | 98 | 52 | 9 | 0 |
| 31 Dec 16 | 92 | 45 | 8 | 0 |
| 30 Sep 16 | 85 | 40 | 8 | 0 |
| 30 Jun 16 | 79 | 41 | 8 | 0 |
| 31 Mar 16 | 74 | 40 | 7 | 0 |
| 31 Dec 15 | 70 | 39 | 7 | 0 |
| 30 Sep 15 | 65 | 37 | 7 | 0 |
| 30 Jun 15 | 61 | 27 | 7 | 0 |
| 31 Mar 15 | 57 | 19 | 7 | 0 |
| 31 Dec 14 | 54 | 18 | 7 | 0 |
| 30 Sep 14 | 51 | 18 | 6 | 0 |
| 30 Jun 14 | 48 | 18 | 6 | 0 |
| 31 Mar 14 | 46 | 20 | 6 | 0 |
| 31 Dec 13 | 44 | 18 | 6 | 0 |
| 30 Sep 13 | 40 | 16 | 6 | 0 |
| 30 Jun 13 | 38 | 15 | 6 | 0 |
| 31 Mar 13 | 36 | 15 | 6 | 0 |
| 31 Dec 12 | 35 | 14 | 6 | 0 |
Quality Earnings: ADC has high quality earnings.
Growing Profit Margin: ADC's current net profit margins (30.8%) are lower than last year (33.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ADC's earnings have grown significantly by 20.5% per year over the past 5 years.
Accelerating Growth: ADC's earnings growth over the past year (14.8%) is below its 5-year average (20.5% per year).
Earnings vs Industry: ADC earnings growth over the past year (14.8%) exceeded the Retail REITs industry 2.7%.
Return on Equity
High ROE: ADC's Return on Equity (3.2%) is considered low.