Agree Realty Corporation (ADC)

US — Real Estate Sector
Peers: NNN  BRX  FRT  FR  DLR  VNO  CUBE  STAG 

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Key Metrics & Ratings

  • symbol ADC
  • Rev/Share 6.1885
  • Book/Share 52.7802
  • PB 1.335
  • Debt/Equity 0.5822
  • CurrentRatio 0.7052
  • ROIC 0.0344

 

  • MktCap 7601721120.0
  • FreeCF/Share 4.3515
  • PFCF 15.699
  • PE 41.3028
  • Debt/Assets 0.3605
  • DivYield 0.0437
  • ROE 0.0335

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • DCF Score 5
  • P/B Score 2
  • D/E Score 3

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade ADC Morgan Stanley Overweight Equal Weight -- $75 July 11, 2025
Downgrade ADC BTIG Research Buy Neutral -- -- May 7, 2025
Upgrade ADC Barclays Underweight Equal Weight $74 $75 March 4, 2025
Initiation ADC Barclays -- Underweight -- $76 Dec. 17, 2024
Downgrade ADC JMP Securities Mkt Outperform Market Perform -- -- Dec. 17, 2024
Initiation ADC Evercore ISI -- Outperform -- $82 Dec. 12, 2024
Initiation ADC Deutsche Bank -- Buy -- $88 Dec. 11, 2024

News

How Agree Realty's $1.55B 2025 Investments Shape Its 2026 Outlook
ADC
Published: January 06, 2026 by: Zacks Investment Research
Sentiment: Positive

ADC deployed $1.55B in 2025 across 338 retail net lease properties, strengthening investment-grade rent and setting up $1.25B-$1.5B plans for 2026.

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image for news How Agree Realty's $1.55B 2025 Investments Shape Its 2026 Outlook
These 2 Finance Stocks Could Beat Earnings: Why They Should Be on Your Radar
ADC, CME
Published: January 06, 2026 by: Zacks Investment Research
Sentiment: Positive

Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.

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image for news These 2 Finance Stocks Could Beat Earnings: Why They Should Be on Your Radar
2 Long-Term Winners I'm Looking To Buy In 2026
ADC, BBW
Published: January 01, 2026 by: Seeking Alpha
Sentiment: Neutral

Agree Realty and Build-A-Bear Workshop are high-quality, long-term holdings but currently trade at or above fair value. I target ADC as a nibble under $70, a buy under $65, and a strong buy under $60, emphasizing margin of safety. BBW is attractive for nibbling under $55, buying under $50, and loading up under $45, given its growth and debt-free balance sheet.

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image for news 2 Long-Term Winners I'm Looking To Buy In 2026
Boomers Are Buying These 5 High-Quality Monthly Dividend Stocks Hand Over Fist
ADC, LTC, MAIN, O, STAG
Published: December 24, 2025 by: 24/7 Wall Street
Sentiment: Positive

While reaching retirement age can be both a blessing and a curse, relying on the U.S.

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image for news Boomers Are Buying These 5 High-Quality Monthly Dividend Stocks Hand Over Fist
Agree Realty: A Monthly Dividend REIT Worth Accumulating
ADC
Published: December 24, 2025 by: Seeking Alpha
Sentiment: Positive

Agree Realty Corporation offers a high-quality, diversified net lease retail REIT portfolio, with peer-leading investment-grade tenant concentration and robust lease terms. ADC trades below intrinsic value, supported by ramped-up investment guidance and solid AFFO growth, despite overall weakness in the macro environment. Financial strength is underpinned by low leverage, no significant debt maturities until 2028, and a manageable 4.07% average interest rate, providing flexibility, amid macro uncertainty.

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image for news Agree Realty: A Monthly Dividend REIT Worth Accumulating
Agree Realty: A Stable, High-Quality Net Lease REIT For Risk-Averse Investors
ADC
Published: December 23, 2025 by: Seeking Alpha
Sentiment: Positive

Agree Realty Corporation stands out as an A-tier triple-net REIT with a high-quality, investment-grade tenant base and recession-resistant sector exposure. ADC's portfolio emphasizes omnichannel retail tenants and avoids private equity-sponsored retailers, enhancing long-term cash flow predictability and reducing risk. With a low 5-year beta of 0.54 and total debt to enterprise value at 29%, ADC offers financial strength, stability, and flexibility through unsecured debt.

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image for news Agree Realty: A Stable, High-Quality Net Lease REIT For Risk-Averse Investors
Agree Realty: Earn Up To 6% Yield On This Sleep Well At Night Stock
ADC
Published: December 17, 2025 by: Seeking Alpha
Sentiment: Positive

Agree Realty offers a solid entry point after a recent pullback, combining income stability with measured growth and a 4.4% dividend yield. ADC's portfolio has 99.7% occupancy, 67% investment-grade tenants, disciplined acquisitions, and robust internal rent growth supporting mid-single-digit FFO/share growth. ADC's construction arm and tenant mix evolution provide alternative growth avenues and justify a premium valuation versus peers.

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image for news Agree Realty: Earn Up To 6% Yield On This Sleep Well At Night Stock
Boomers Looking for Passive Income Can Buy 5 Safe High-Yield Monthly Income Stocks
ADC, APLE, EPR, MAIN, O
Published: December 11, 2025 by: 24/7 Wall Street
Sentiment: Positive

Passive income is characterized by its ability to generate revenue without the earner's continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence.

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image for news Boomers Looking for Passive Income Can Buy 5 Safe High-Yield Monthly Income Stocks
5 Passive Income Monthly Pay Dividend All-Stars Every Boomer Should Own
ADC, LTC, MAIN, O, STAG
Published: November 21, 2025 by: 24/7 Wall Street
Sentiment: Positive

Most dividend stocks only pay investors on a quarterly basis. Most corporate bonds and government Treasury bonds only pay interest payments semi-annually. Passive income paid monthly is a perfect way to help with monthly expenses and other costs.

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image for news 5 Passive Income Monthly Pay Dividend All-Stars Every Boomer Should Own
It's Not Exciting
ADC
Published: November 21, 2025 by: Seeking Alpha
Sentiment: Positive

Agree Realty delivered another strong, consistent quarter, with results slightly exceeding expectations and full-year AFFO guidance raised again. ADC's disciplined approach, high-quality tenants, and strategic acquisitions underpin its reliable performance, highlighted by $451 million invested in Q3 2025. The company remains selective with equity issuance, aligning funding with acquisitions and maintaining a robust pipeline of unsettled forward shares for future growth.

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image for news It's Not Exciting
It's Best Time In 10 Years To Lock In Income: Our Picks
ABBV, ADC, AVGO, DG, ENB, EPD, FDX, MSFT, O, PEP, SCHD, VIG, WMT
Published: November 18, 2025 by: Seeking Alpha
Sentiment: Positive

Investors can now access 4–7% from top-quality REITs, 3.5%+ from dividend ETFs, and 6%+ from midstream infrastructure — without taking on excessive risk. While the S&P 500 is up ~110% since 2020, 70–80% of returns come from the Mag7, leaving broad-market returns near inflation levels. US inflation sits at 3%, and Western Europe reports 3.5–4%, emphasizing the need for income-producing assets to preserve purchasing power for retirees.

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image for news It's Best Time In 10 Years To Lock In Income: Our Picks
Daily Dividend Report: ADP, Agree Realty, Group 1, DGX, Aflac
ADP, ADC, AFL, DGX, GPI
Published: November 12, 2025 by: Forbes
Sentiment: Positive

The board of directors of ADP approved a $0.16 increase in the quarterly cash dividend to an annual rate of $6.80 per share, Maria Black, ADP's President and Chief Executive Officer, announced today. The increased cash dividend marks the 51st consecutive year in which ADP, a leading global technology company providing human capital management solutions, has raised its quarterly dividend.

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image for news Daily Dividend Report: ADP, Agree Realty, Group 1, DGX, Aflac
Bet on These 3 Retail REITs as the Sector Shows Renewed Strength
ADC, FRT, UE
Published: November 04, 2025 by: Zacks Investment Research
Sentiment: Positive

Retail REITs like Agree Realty, Federal Realty and Urban Edge are thriving as tight supply, disciplined growth and necessity-driven tenants sustain stability.

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image for news Bet on These 3 Retail REITs as the Sector Shows Renewed Strength
Agree Realty: Buy The 4.2% Yield Paid Monthly And Hold Forever
ADC
Published: October 23, 2025 by: Seeking Alpha
Sentiment: Positive

Agree Realty recently hiked its monthly paid dividend and now offers a 4.2% dividend yield that's 140% covered by AFFO. The REIT is set to invest roughly $1.5 billion to $1.65 billion across net lease retail properties, with its portfolio 99.7% leased as of the end of the third quarter. ADC received an "A-" credit rating from Fitch Ratings in August and faces no debt maturing until 2027, when just $50 million comes due for repayment.

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image for news Agree Realty: Buy The 4.2% Yield Paid Monthly And Hold Forever
Agree Realty Corporation (ADC) Q3 2025 Earnings Call Transcript
ADC
Published: October 22, 2025 by: Seeking Alpha
Sentiment: Neutral

Agree Realty Corporation (NYSE:ADC ) Q3 2025 Earnings Call October 22, 2025 9:00 AM EDT Company Participants Reuben Treatman - Senior Director of Corporate Finance Joey Agree - President, CEO & Director Peter Coughenour - CFO, Secretary & Investor Relations Professional Conference Call Participants Nicholas Joseph - Citigroup Inc., Research Division Michael Goldsmith - UBS Investment Bank, Research Division Jana Galan - BofA Securities, Research Division James Kammert - Evercore ISI Institutional Equities, Research Division Linda Yu Tsai - Jefferies LLC, Research Division Omotayo Okusanya - Deutsche Bank AG, Research Division William John Kilichowski - Wells Fargo Securities, LLC, Research …

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image for news Agree Realty Corporation (ADC) Q3 2025 Earnings Call Transcript
What Analyst Projections for Key Metrics Reveal About Agree Realty (ADC) Q3 Earnings
ADC
Published: October 20, 2025 by: Zacks Investment Research
Sentiment: Positive

Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Agree Realty (ADC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2025.

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image for news What Analyst Projections for Key Metrics Reveal About Agree Realty (ADC) Q3 Earnings
5 of Our Favorite High-Yield Stocks Pay Monthly Dividends
ADC, APLE, EPR, MAIN, O
Published: September 29, 2025 by: 24/7 Wall Street
Sentiment: Positive

Most stocks pay quarterly dividends, which is fine for many shareholders who reinvest dividends.

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image for news 5 of Our Favorite High-Yield Stocks Pay Monthly Dividends
Agree Realty (ADC) Moves to Buy: Rationale Behind the Upgrade
ADC
Published: September 10, 2025 by: Zacks Investment Research
Sentiment: Positive

Agree Realty (ADC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

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image for news Agree Realty (ADC) Moves to Buy: Rationale Behind the Upgrade
Best Stock to Buy Right Now: Realty Income vs. Agree Realty
ADC, O
Published: August 22, 2025 by: The Motley Fool
Sentiment: Positive

Realty Income (O -0.56%) and Agree Realty (ADC 0.20%) are competitors in the net lease niche of real estate investment trust (REIT) arena. Realty Income is still down around 25% from its pre-coronavirus pandemic highs, while Agree Realty has rallied back some and is now just 10% below its peak.

Read More
image for news Best Stock to Buy Right Now: Realty Income vs. Agree Realty
The Only 2 Places I'd Put Big Money For Income And Growth Right Now
ADC, AM, APO, BIP, BIPC, BN, CAT, CMI, CNI, CP, CSX, ENB, EPRT, ET, IGF, LINE, MPLX, NEE, NNN, O, OKE, OWL, PLD, REXR, TRP
Published: August 18, 2025 by: Seeking Alpha
Sentiment: Positive

I hunt investments that combine safety, income, and growth, avoiding hype and focusing on long-term, high-quality opportunities. Some areas are unloved and undervalued, offering income, potential growth, and protection against inflation, perfect for patient investors. I seek places with professional management, liquidity, and dual potential, giving me both steady income and the chance for capital gains.

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image for news The Only 2 Places I'd Put Big Money For Income And Growth Right Now
Agree Realty Announces the Addition of Kirk Klatt as Vice President of Leasing
ADC, NTST
Published: August 18, 2025 by: Business Wire
Sentiment: Neutral

ROYAL OAK, Mich.--(BUSINESS WIRE)--Agree Realty Corporation (NYSE: ADC) (the “Company”) today announced that Kirk Klatt has joined the Company as Vice President of Leasing. Mr. Klatt will be responsible for leading the Company's leasing function and management of key retailer relationships. Mr. Klatt has over 20 years of real estate leasing, acquisition, and operational experience. Previously, he served as Senior Vice President of Real Estate at NETSTREIT Corp. (NYSE: NTST), where he spent appr.

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image for news Agree Realty Announces the Addition of Kirk Klatt as Vice President of Leasing
2 Of The Best Deeply Undervalued Retirement Dividend Growth Machines
ADC, EPD, EPRT, ET, KMI, O, OKE, SCHD, VNQ, WMB
Published: August 14, 2025 by: Seeking Alpha
Sentiment: Positive

Retirees tend to love stocks that combine big dividends, inflation-beating dividend growth, strong balance sheets, and durable and defensive business models. Even better, when retirees can buy these sorts of stocks at clear discounts to intrinsic value, they also can enjoy big upside potential. We share two of the best opportunities that check these boxes right now.

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image for news 2 Of The Best Deeply Undervalued Retirement Dividend Growth Machines
Rate Cuts Could Launch These 5 Commercial REIT Stocks Much Higher
ADC, ARE, FRT, O, SPG
Published: August 10, 2025 by: 24/7 Wall Street
Sentiment: Positive

While the December 2024 interest rate cut of 25 basis points may be the last until at least September, it is an excellent bet that the federal funds rate will be lower than today's effective rate of 4.23%, which is already below the long-term average of 4.61%.

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image for news Rate Cuts Could Launch These 5 Commercial REIT Stocks Much Higher
Interest Rates Heading Lower? 2 Picks To Not Loose Yield
ADC, GPIQ
Published: August 04, 2025 by: Seeking Alpha
Sentiment: Neutral

The probability for having lower rates in 2025 is more than 50%. For yield investors this is not necessarily good news. The lower the rates, the higher the valuations, which might again lead to a yield-starved environment.

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image for news Interest Rates Heading Lower? 2 Picks To Not Loose Yield
Agree Realty Corporation (ADC) Q2 2025 Earnings Conference Call Transcript
ADC
Published: August 01, 2025 by: Seeking Alpha
Sentiment: Neutral

Agree Realty Corporation (NYSE:ADC ) Q2 2025 Earnings Call August 1, 2025 9:00 AM ET Company Participants Joel N. Agree - President, CEO & Director Peter Coughenour - CFO, Secretary & Investor Relations Professional Reuben Goldman Treatman - Senior Director of Corporate Finance Conference Call Participants Bradley Barrett Heffern - RBC Capital Markets, Research Division James Hall Kammert - Evercore ISI Institutional Equities, Research Division Jana Galan - BofA Securities, Research Division Ki Bin Kim - Truist Securities, Inc., Research Division Linda Tsai - Jefferies LLC, Research Division Michael Goldsmith - UBS Investment Bank, Research Division Richard Allen Hightower - …

Read More
image for news Agree Realty Corporation (ADC) Q2 2025 Earnings Conference Call Transcript
Why Investors Need to Take Advantage of These 2 Finance Stocks Now
ADC, SPGI
Published: July 29, 2025 by: Zacks Investment Research
Sentiment: Positive

The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.

Read More
image for news Why Investors Need to Take Advantage of These 2 Finance Stocks Now
My Biggest Regrets As A REIT Investor
ADC, CBL, EPRT, GNL, VESTF, VNQ, VTMX
Published: July 19, 2025 by: Seeking Alpha
Sentiment: Negative

I have made many mistakes over the years. Some have cost me a lot of money. Learn from my mistakes and avoid major losses.

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image for news My Biggest Regrets As A REIT Investor
2 REITs To Buy Before September 17th, 2025
ADC, EPR, EPRT, GTY, NNN, O, SAFE
Published: July 17, 2025 by: Seeking Alpha
Sentiment: Positive

The Fed is expected to cut interest rates on September 17th, 2025. This could lead to significant upside in the REIT sector. I highlight two REITs that present significant upside potential.

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image for news 2 REITs To Buy Before September 17th, 2025
Two Quality Stocks Whose Price Declines May Be Long-Term Buying Opportunities
ADC, BAC, COST, O, TMUS, VZ, WBA
Published: July 17, 2025 by: Seeking Alpha
Sentiment: Positive

Recent stock price pullbacks in two companies present potential buying opportunities for long-term investors, despite no obvious negative news. I emphasize the importance of distinguishing between temporary dips and fundamental business issues, referencing Warren Buffett's advice. T-Mobile's pullback offers a buying opportunity due to strong earnings growth, robust free cash flow, aggressive buybacks, and double-digit dividend increases.

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image for news Two Quality Stocks Whose Price Declines May Be Long-Term Buying Opportunities
Agree Realty: Buy The Dip
ADC
Published: July 11, 2025 by: Seeking Alpha
Sentiment: Positive

Agree Realty is a high-quality, well-managed REIT with a resilient, investment-grade tenant base and a disciplined acquisition strategy. The recent price dip presents an attractive entry point, offering a 4.3% yield and a forward P/FFO of 16.7. ADC's strong balance sheet, high liquidity, and focus on necessity-based retail support its well-protected dividend and long-term growth.

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image for news Agree Realty: Buy The Dip

About Agree Realty Corporation (ADC)

  • IPO Date 1994-04-15
  • Website https://www.agreerealty.com
  • Industry REIT - Retail
  • CEO Joel N. Agree
  • Employees 75

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol ADC.