Agree Realty Corporation (ADC)

NYSE
Currency in USD
76.88
+1.28(+1.69%)
Closed
After Hours
76.92+0.04(+0.05%)
ADC Scorecard
Full Analysis
Has raised its dividend for 12 consecutive years
Fair Value
Day's Range
75.3676.94
52 wk Range
54.7878.39
Key Statistics
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Prev. Close
75.6
Open
75.51
Day's Range
75.36-76.94
52 wk Range
54.78-78.39
Volume
1.52M
Average Volume (3m)
1.04M
1-Year Change
35.76%
Book Value / Share
51.65
Fair Value
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Fair Value Upside
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ADC Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
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Price Target
80.00
Upside
+4.06%
Members' Sentiments
Bearish
Bullish
ProTips
3 analysts have revised their earnings downwards for the upcoming period
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Agree Realty Corporation Company Profile

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".

Agree Realty Corporation SWOT Analysis


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
Read full SWOT analysis

Agree Realty Corporation Earnings Call Summary for Q3/2024

  • ADC raised $470M via ATM, boosting liquidity to $2B; acquisition guidance up to $850M; AFFO per share guidance raised to $4.12-$4.14
  • Q3: $237M invested in 93 retail properties at 7.5% cap rate; occupancy at 99.6%; 60%+ of rent from investment-grade retailers
  • Monthly dividend increased to $0.253/share for October; credit rating upgraded to BBB+; $735M in forward equity secured
  • Cautious on acquisitions in disaster-prone areas and restaurant sector; expects highest quality Q4 acquisitions
  • Anticipates treasury stock method dilution in Q4; year-to-date credit loss at 30 basis points, slightly above long-term average
Last Updated: 2024-10-23, 04:36 p/m
Read Full Transcript

Compare ADC to Peers and Sector

Metrics to compare
ADC
Peers
Sector
Relationship
P/E Ratio
45.4x0.7x8.2x
PEG Ratio
9.650.000.01
Price/Book
1.5x1.0x0.9x
Price / LTM Sales
13.4x7.7x3.6x
Upside (Analyst Target)
4.7%11.5%18.7%
Fair Value Upside
Unlock−5.5%3.3%Unlock

Analyst Ratings

16 Buy
5 Hold
0 Sell
Ratings:
21 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 80.00
(+4.06% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 1.79
Dividend Yield
3.95%
Industry Median 5.09%
Annualized payout
3.036
Paid monthly
5-Years Growth
+5.64%
Growth Streak

Earnings

Latest Release
Feb 11, 2025
EPS / Forecast
0.41 / 0.43
Revenue / Forecast
160.73M / 158.08M
EPS Revisions
Last 90 days

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FAQ

What Is the Agree Realty (ADC) Stock Price Today?

The Agree Realty stock price today is 76.88

What Stock Exchange Does Agree Realty Trade On?

Agree Realty is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Agree Realty?

The stock symbol for Agree Realty is "ADC."

Does Agree Realty Pay Dividends? What’s The Current Dividend Yield?

The Agree Realty dividend yield is 3.95%.

What Is the Agree Realty Market Cap?

As of today, Agree Realty market cap is 8.26B.

What is Agree Realty Earnings Per Share?

The Agree Realty EPS is 1.79.

What Is the Next Agree Realty Earnings Date?

Agree Realty will release its next earnings report on Apr 30, 2025.

From a Technical Analysis Perspective, Is ADC a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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