Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of September 30, 2024, the Company owned and operated a portfolio of 2,271 properties, located in 49 states and containing approximately 47.2 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".
Strategic Resilience | Explore ADC's robust financial health and strategic growth amid market shifts, outpacing sector averages with a focus on high-quality retail properties |
Acquisition Prowess | Delve into ADC's aggressive $700 million investment strategy, potentially leading to its largest acquisition quarter and signaling a return to growth-oriented mindset |
Financial Fortitude | Learn how ADC's proactive capital market activities, including a $450 million bond offering and upsized credit facility, strengthen its position for future growth |
Market Outlook | Analyst targets range from $70 to $80, reflecting confidence in ADC's quality-focused approach and potential for further upside in the net-lease REIT secto |
Metrics to compare | ADC | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipADCPeersSector | |
---|---|---|---|---|
P/E Ratio | 45.4x | 0.7x | 8.2x | |
PEG Ratio | 9.65 | 0.00 | 0.01 | |
Price/Book | 1.5x | 1.0x | 0.9x | |
Price / LTM Sales | 13.4x | 7.7x | 3.6x | |
Upside (Analyst Target) | 4.7% | 11.5% | 18.7% | |
Fair Value Upside | Unlock | −5.5% | 3.3% | Unlock |