Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 659.75M | 617.10M | 537.50M | 429.81M | 339.32M | 248.57M |
Gross Profit | 578.84M | 542.25M | 470.78M | 377.53M | 298.26M | 216.82M |
EBITDA | 567.37M | 543.26M | 463.95M | 386.24M | 295.67M | 215.80M |
Net Income | 183.95M | 189.20M | 169.96M | 152.44M | 122.27M | 91.38M |
Balance Sheet | ||||||
Total Assets | 9.08B | 8.49B | 7.77B | 6.71B | 5.23B | 3.89B |
Cash, Cash Equivalents and Short-Term Investments | 8.91M | 6.40M | 10.91M | 27.76M | 43.25M | 6.14M |
Total Debt | 3.30B | 2.83B | 2.41B | 1.94B | 1.69B | 1.22B |
Total Liabilities | 3.43B | 2.98B | 2.57B | 2.08B | 1.81B | 1.36B |
Stockholders Equity | 5.65B | 5.51B | 5.20B | 4.63B | 3.42B | 2.52B |
Cash Flow | ||||||
Free Cash Flow | 478.15M | 431.97M | 391.60M | 362.12M | 246.31M | 142.96M |
Operating Cash Flow | 478.15M | 431.97M | 391.60M | 362.12M | 246.31M | 142.96M |
Investing Cash Flow | -1.32B | -885.41M | -1.27B | -1.62B | -1.39B | -1.30B |
Financing Cash Flow | 827.48M | 445.31M | 869.01M | 1.24B | 1.18B | 1.12B |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
79 Outperform | $8.30B | 43.87 | 3.47% | 4.07% | 14.67% | -5.17% | |
75 Outperform | $8.06B | 20.30 | 9.18% | 5.54% | 4.82% | -5.18% | |
74 Outperform | $8.36B | 24.98 | 11.52% | 4.12% | 5.98% | 12.11% | |
71 Outperform | $8.65B | 25.25 | 11.04% | 4.39% | 6.00% | 15.77% | |
70 Outperform | $4.76B | 65.25 | 3.01% | 3.59% | 10.31% | 14.39% | |
68 Neutral | $4.96B | 28.74 | 5.53% | 4.67% | 4.03% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
Agree Realty Corporation is a publicly traded real estate investment trust specializing in acquiring and developing properties net leased to leading omni-channel retail tenants across the United States. The company recently reported its third-quarter 2025 financial results, highlighting a significant increase in investment guidance and AFFO per share guidance for the year. During the third quarter of 2025, Agree Realty Corporation invested approximately $451 million in 110 retail net lease properties and commenced five development projects with a total committed capital of $51 million. The company reported a 7.9% increase in net income per share to $0.45 and an 8.4% increase in Core FFO per share to $1.09. Additionally, the company declared a monthly dividend of $0.256 per common share, marking a 2.4% year-over-year increase. Agree Realty Corporation’s balance sheet remains robust, with over $1.9 billion in liquidity and an A- issuer rating from Fitch Ratings. Looking ahead, the company has raised its full-year 2025 investment guidance to a range of $1.50 billion to $1.65 billion and increased its AFFO per share guidance to $4.31 to $4.33, reflecting confidence in its growth strategy and financial stability.
Agree Realty Corporation’s recent earnings call conveyed a strong and positive sentiment, underscoring the company’s robust investment volume, impressive financial performance, and significant achievements such as attaining an A- credit rating. While there were minor concerns regarding credit loss assumptions and minimal dilution impacts, the overall outlook remains optimistic, highlighting the company’s solid position in the market.
On October 2, 2025, Agree Realty Corporation reported its weighted-average number of common shares outstanding for the three and nine months ending September 30, 2025. The announcement detailed the impact of forward equity offerings on the company’s diluted earnings per share, highlighting a significant increase in weighted-average incremental shares due to these offerings.
The most recent analyst rating on (ADC) stock is a Buy with a $80.00 price target. To see the full list of analyst forecasts on Agree Realty stock, see the ADC Stock Forecast page.