Agree Realty Corporation (ADC)
NYSE:ADC
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ADC Stock Chart & Stats
$79.46
$0.03(0.05%)
At close: 4:00 PM EST
$79.46
$0.03(0.05%)
Day’s Range― - ―
52-Week Range$69.56 - $82.08
Previous CloseN/A
Volume169.03K
Average Volume (3M)1.10M
Market Cap
$9.11B
Enterprise Value$12.17B
Total Cash (Recent Filing)$25.08M
Total Debt (Recent Filing)$3.29B
Price to Earnings (P/E)40.6
Beta0.02
Next Earnings
Aug 04, 2026EPS Estimate
0.47Next Dividend Ex-DateN/A
Dividend Yield4.28%
Share Statistics
EPS (TTM)1.86
Shares Outstanding120,102,860
10 Day Avg. Volume1,167,707
30 Day Avg. Volume1,100,290
Financial Highlights & Ratios
PEG Ratio-34.93
Price to Book (P/B)1.27
Price to Sales (P/S)11.10
P/FCF Ratio15.82
Enterprise Value/Market Cap1.34
Enterprise Value/Revenue16.23
Enterprise Value/Gross Profit18.51
Enterprise Value/Ebitda19.84
Forecast
1Y Price Target
$84.29Price Target Upside6.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)1.94
Revenue Forecast (FY)$834.46M
Bulls Say, Bears Say
Bulls Say
Very High Occupancy And Leasing PerformanceSustained 99.7% occupancy and >104% lease recapture reflect durable tenant demand and low vacancy risk across a diversified national net-lease portfolio. High occupancy supports stable contractual rent rolls, predictable cash flow, and limited near-term leasing capital requirements.
Strong Liquidity And Hedged Capital PositionLarge liquidity reserves and extensive interest-rate hedges reduce refinancing and rate volatility risk for the next several years, enabling the company to fund acquisitions, development, and dividend needs without immediate market dependence. This strengthens financial flexibility and preserves strategic optionality.
Consistent AFFO/core FFO Growth And Dividend CoverageRepeated quarter-over-quarter AFFO and core FFO growth along with a modest payout ratio indicate sustainable cash generation and a management focus on covered dividend growth. Predictable AFFO plus targetable free cash flow after dividends supports long-term income reliability for investors.
Bears Say
Material Dilution Risk From Forward Equity ProgramsHeavy use of ATM and forward equity provides funding but creates recurring dilution risk to AFFO and per‑share metrics when settled. Over time, frequent equity issuance can constrain per-share growth and complicate investors' assessment of operational progress, making capital allocation execution critical.
Sharp Deterioration In Cash-flow Debt Coverage (TTM)A pronounced drop in the operating cash flow-to-debt coverage metric signals weaker near-term ability to cover debt from operations, increasing sensitivity to tenant stress or capex needs. Persistently low coverage could limit financial flexibility and raise refinancing or covenant risks if trends don't reverse.
Modest Returns On Equity Relative To Capital BaseWhile scale and low leverage support stability, a ROE near 3–4% implies limited capital efficiency versus the equity base. Over the medium term, modest returns require careful deal selection and higher yield acquisitions or operational improvements to drive meaningful shareholder return expansion.
Agree Realty News
ADC FAQ
What was Agree Realty Corporation’s price range in the past 12 months?
Agree Realty Corporation lowest stock price was $69.56 and its highest was $82.08 in the past 12 months.
What is Agree Realty Corporation’s market cap?
Agree Realty Corporation’s market cap is $9.11B.
When is Agree Realty Corporation’s upcoming earnings report date?
Agree Realty Corporation’s upcoming earnings report date is Aug 04, 2026 which is in 49 days.
How were Agree Realty Corporation’s earnings last quarter?
Agree Realty Corporation released its earnings results on Apr 21, 2026. The company reported $0.5 earnings per share for the quarter, beating the consensus estimate of $0.479 by $0.021.
Is Agree Realty Corporation overvalued?
According to Wall Street analysts Agree Realty Corporation’s price is currently Undervalued.
Does Agree Realty Corporation pay dividends?
Agree Realty Corporation pays a Monthly dividend of $0.267 which represents an annual dividend yield of 4.28%. See more information on Agree Realty Corporation dividends here
What is Agree Realty Corporation’s EPS estimate?
Agree Realty Corporation’s EPS estimate is 0.47.
How many shares outstanding does Agree Realty Corporation have?
Agree Realty Corporation has 120,102,860 shares outstanding.
What happened to Agree Realty Corporation’s price movement after its last earnings report?
Agree Realty Corporation reported an EPS of $0.5 in its last earnings report, beating expectations of $0.479. Following the earnings report the stock price went down -2.776%.
Which hedge fund is a major shareholder of Agree Realty Corporation?
Currently, no hedge funds are holding shares in ADC
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Agree Realty Stock Smart Score
Outperform
1
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4
5
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7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$84.29 (6.07% Upside)
$84.29 (6.07% Upside)
Blogger Sentiment
Bullish
ADC Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 5.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $1.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days >0.1%
Last 30 Days ▲ 1.6%
Last 30 Days ▲ 1.6%
Technicals
SMA
Positive
20 days / 200 days
Momentum
4.22%
12-Months-Change
Fundamentals
Return on Equity
3.65%
Trailing 12-Months
Asset Growth
15.68%
Trailing 12-Months
Company Description
Agree Realty Corporation
Agree Realty Corporation functions as a publicly traded Real Estate Investment Trust (REIT), concentrating its efforts on the acquisition and development of commercial properties. These assets are primarily net-leased to leading companies within the retail sector. As of September 30, 2020, the firm oversaw a substantial portfolio of 1,027 properties, which were distributed across 45 U.S. states and encompassed a total gross leasable area of approximately 21.0 million square feet. Shares of Agree Realty's common stock are available for trade on the New York Stock Exchange, identified by the ticker symbol ADC.
ADC Company Deck
ADC Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial performance: robust acquisition activity, record equity raises, ample liquidity, conservative leverage with extensive hedging, double-digit percentage growth in core metrics year-over-year, high occupancy and lease recapture, and an accelerating development pipeline. The main negatives are manageable: increased near-term dilution risk from outstanding forward equity, continued macro/rate uncertainty, and modest credit/occupancy loss assumptions built into guidance. Overall, the positives substantially outweigh the listed risks.View all ADC earnings summariesADC Stock 12 Month Forecast
Average Price Target
$84.29
▲(6.07% Upside)
Technical Analysis
NNN REIT
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Kite Realty Group
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Federal Realty
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Brixmor Property
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Phillips Edison & Company
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Ownership Overview
1.84% Insiders
31.99% Mutual Funds
36.15% Other Institutional Investors
1.53% Public Companies and Individual Investors