Agree Realty Corporation (ADC)

US — Real Estate Sector
Peers: FRT  REG  NTST  KIM  BFS  UE  RPT  SITC  KRG  NNN  O  SPG  UBA  PECO 

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Key Metrics & Ratings

  • symbol ADC
  • Rev/Share 5.9487
  • Book/Share 52.7323
  • PB 1.4366
  • Debt/Equity 0.531
  • CurrentRatio 0.7455
  • ROIC 0.3465

 

  • MktCap 8333939250.0
  • FreeCF/Share 4.2169
  • PFCF 18.4617
  • PE 43.2209
  • Debt/Assets 0.3406
  • DivYield 0.0399
  • ROE 0.0347

 

  • Rating
  • Score
  • Recommendation
  • P/E Score
  • DCF Score
  • P/B Score
  • D/E Score

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
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

Agree Realty Preferred - Its Yield Is Starting To Make Sense
ADC
Published: May 22, 2025 by: Seeking Alpha
Sentiment: Positive

Agree Realty Corporation 4.250% DEP PFD A possesses a current yield of 6%+, a 200 basis point premium to Agree Realty's common shares. The REIT's growth outlook remains strong given the myriad of macro and credit-level challenges faced. Moreover, Agree Realty's leverage is relatively low and higher gearing remains a possibility. ADC.PR.A might not share in its fundamental growth factors, but its discount likely presents upside in itself, while fundamentals contribute to lower counterparty risk.

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image for news Agree Realty Preferred - Its Yield Is Starting To Make Sense
If I Could Only Buy 2 High-Yield REITs Today
ADC, DEA, EPRT, LINE, O, STAG, VNQ, WPC
Published: May 22, 2025 by: Seeking Alpha
Sentiment: Positive

REITs have been in the penalty box for nearly 3.5 years now. This has opened up some highly compelling opportunities in the sector. I share my top 2 high-yield REIT picks right now.

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image for news If I Could Only Buy 2 High-Yield REITs Today
REIT Roulette: Why I'm Overweight Net Lease
ADC, BNL, O, PINE, VICI
Published: May 19, 2025 by: Seeking Alpha
Sentiment: Positive

Diversification is key in REIT investing, mirroring my roulette strategy—spread bets across sectors for optimal risk-adjusted returns. Net lease REITs offer stability and steady dividends, outperforming residential mREITs over 15 years and thriving even in volatile environments. Current market trends and strong earnings support overweighting net lease REITs, with sector consolidation and potential rate cuts as additional tailwinds.

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image for news REIT Roulette: Why I'm Overweight Net Lease
Buy The Dip: 2 Blue-Chip High Yields Getting Way Too Cheap
ADC, BAM, BEP, BEPC, BN, EPRT, O
Published: May 16, 2025 by: Seeking Alpha
Sentiment: Positive

I focus on buying high-quality, high-yielding dividend growth stocks. When they go on sale, I pounce. I share two that are trading at highly compelling opportunities after recent pullbacks.

Read More
image for news Buy The Dip: 2 Blue-Chip High Yields Getting Way Too Cheap
Agree Realty: Premium Valuation, But Still Worth Considering
ADC
Published: May 09, 2025 by: Seeking Alpha
Sentiment: Positive

Agree Realty has outperformed peers and the S&P 500 since our last update, driven by a strong dividend yield and share price recovery. Even with the greater volatility that the broader market has been experiencing, ADC has remained resilient, but has moved to a premium valuation against peers. Despite a premium valuation, ADC's focus on quality tenants, steady AFFO growth, and strong balance sheet can justify it still being a worthwhile investment.

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image for news Agree Realty: Premium Valuation, But Still Worth Considering
A Ranking Of Net-Lease REITs By Investment Spread For Q1 2025
ADC, ARE, EPRT, GLPI, NNN, O, STAG, VICI, WPC
Published: May 08, 2025 by: Seeking Alpha
Sentiment: Neutral

In Q1 2025, VICI, GLPI, Agree, and Realty Income generated positive investment spreads and total returns exceeding their cost of equity, making them attractive investments. EPRT and STAG have negative investment spreads and total returns below their cost of equity, making them less favorable investment options. This analysis uses cap rates and the weighted average cost of capital to estimate investment spreads. We also compare total returns to the cost of equity to measure accretion.

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image for news A Ranking Of Net-Lease REITs By Investment Spread For Q1 2025
Correction Alert: Popular Dividend Growth Stocks Due For A Sharp Pullback
ADC, EPRT, NNN, O
Published: May 07, 2025 by: Seeking Alpha
Sentiment: Negative

These 2 popular dividend growth stocks could decline by 10%+. Here's why we're avoiding them. I share two alternative peers that are more reasonably valued.

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image for news Correction Alert: Popular Dividend Growth Stocks Due For A Sharp Pullback
Agree Realty: Outperforming Net Lease (Rating Downgrade)
ADC
Published: May 07, 2025 by: Seeking Alpha
Sentiment: Positive

Economic uncertainty and volatility in 2025 present long-term investment opportunities, especially in high-quality commercial real estate like ADC. ADC has a strong track record, with a compound annual return of over 12% since its 1994 IPO and consistent dividend growth. Despite ADC's impressive portfolio and balance sheet, current high valuations limit upside potential, making it prudent to hold rather than buy at $77 per share.

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image for news Agree Realty: Outperforming Net Lease (Rating Downgrade)
Agree Realty: Now That's What I Call A Serious Long-Term Investment
ADC
Published: May 06, 2025 by: Seeking Alpha
Sentiment: Positive

Agree Realty represents a defensive stock of high quality that investors should consider for long-term income generation because it offers a secure 4% dividend yield and resilient growth. The company has delivered a 4,000% total return since its inception and achieved a 277% total return during the last ten years. The company's exceptional portfolio, with a 99.2% occupancy rate and strategic acquisitions, alongside strong financials, underscores its investment appeal.

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image for news Agree Realty: Now That's What I Call A Serious Long-Term Investment
Boomers Are Buying 5 Safe Monthly Dividend Stocks Delivering Huge Passive Income
ADC, APLE, EPR, MAIN, O
Published: May 05, 2025 by: 24/7 Wall Street
Sentiment: Positive

Passive income is characterized by its ability to generate revenue without requiring 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 Are Buying 5 Safe Monthly Dividend Stocks Delivering Huge Passive Income
3 Once-In-A-Decade REIT Opportunities
ADC, CNNRF, EPRT, ESS, KRG, O, REXR, SPG, VNQ, WSR
Published: April 30, 2025 by: Seeking Alpha
Sentiment: Positive

REITs are priced at the lowest valuations since 2009. After a long bear market, REITs are getting ready to recover. Some REITs will richly reward shareholders. Here are 3 once-in-a-decade opportunities that we are accumulating.

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image for news 3 Once-In-A-Decade REIT Opportunities
Agree Realty: The Steady Eddy Monthly Payer You Need Amidst Market Uncertainty
ADC
Published: April 30, 2025 by: Seeking Alpha
Sentiment: Positive

Agree Realty Corporation offers a solid monthly yield of nearly 3%, a recession-resistant portfolio, and astute management, making it a strong buy despite seeming expensive. Q1 2025 earnings showed robust performance with core FFO and revenue growth, driven by strategic investments and annual rent escalators. The REIT's low AFFO payout ratio of 72% and strong balance sheet with minimal debt until 2028 position ADC well for growth and stability.

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image for news Agree Realty: The Steady Eddy Monthly Payer You Need Amidst Market Uncertainty
Enough With 60/40, Consider 100% Dividend Strategy For Retirement
ADC, AOR, BIP, ENB, EPD, FDUS, KBDC, O, SCHD, STAG
Published: April 18, 2025 by: Seeking Alpha
Sentiment: Positive

The 60/40 portfolio, with 60% in equities and 40% in bonds, has long been the gold standard in the investment game. Yet, it has failed to deliver on its promise. In my view, a durable income strategy is a better approach, especially for funding retirement and becoming financially independent.

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image for news Enough With 60/40, Consider 100% Dividend Strategy For Retirement
Dividends Come Back Into Vogue: My Favorite Places For Income Extraction
ADC, BIP, BIPC, JEPI, META, MSFT, NVDA, O, TSLA, UTF
Published: March 18, 2025 by: Seeking Alpha
Sentiment: Positive

Currently, we have many signs pinpointing to a value factor outperforming growth. It seems that the dividend-oriented stocks might become the new glamour. In this article, I elaborate on the key reasons why I think so. I highlight 3 specific high and durable yield segments that could really deliver superior returns going.

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image for news Dividends Come Back Into Vogue: My Favorite Places For Income Extraction
A $5,000 Monthly Income Portfolio For A 'SWAN' Retirement
ADC, EPD, ET, FDUS, JEPQ, KBDC, MSDL, O, QYLD, SCHD
Published: March 07, 2025 by: Seeking Alpha
Sentiment: Positive

In this article, I share a three-category portfolio approach to achieve $5,000 of durable monthly current income streams. With durable monthly distributions, I mean well-mitigated dividend cut risk and inflation-protected income. I also provide concrete investment ideas that tick the necessary boxes for being included in the portfolio.

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image for news A $5,000 Monthly Income Portfolio For A 'SWAN' Retirement
The State Of REITs: February 2025 Edition
ADC, AHR, BBRE, CMCT, DFAR, DFGR, FREL, GTY, ICF, IRT, IYR, JPRE, KBWY, MDRR, MPW, NLOP, PSTL, REZ, RWR, SCHH, SRET, SRVR, STAG, USRT, VNQ
Published: February 21, 2025 by: Seeking Alpha
Sentiment: Negative

After a brutal December (-6.85%), the REIT sector averaged negative total returns again in January (-1.29%). Large cap (+0.30%) and mid cap REITs (+0.09%) averaged small gains in January, whereas small caps (-0.95%) and micro caps (-7.80%) started the year in the red. Only 42.58% of REIT securities had a positive total during the first month of 2025.

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image for news The State Of REITs: February 2025 Edition
Want to Collect Some Extra Income Each Month? Buy These 2 Top High-Yield Dividend Stocks.
ADC, O
Published: February 17, 2025 by: The Motley Fool
Sentiment: Positive

Most dividend stocks make quarterly payments. That can make it more challenging for those seeking to align their income with their monthly expenses.

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image for news Want to Collect Some Extra Income Each Month? Buy These 2 Top High-Yield Dividend Stocks.
Q4 Earnings Update: Sell Agree Realty And Buy This REIT Instead
ADC
Published: February 12, 2025 by: Seeking Alpha
Sentiment: Positive

Agree Realty's focus on high-quality investment-grade tenants, ground leases, and aggressive acquisitions initially made it a superior investment compared to Realty Income. Despite ADC's strong business model, its stretched valuation and lower expected returns prompt a downgrade to SELL. ADC's high valuation implies limited price appreciation, making it less attractive compared to peers and the market.

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image for news Q4 Earnings Update: Sell Agree Realty And Buy This REIT Instead
Agree Realty (ADC) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
ADC
Published: February 11, 2025 by: Zacks Investment Research
Sentiment: Positive

The headline numbers for Agree Realty (ADC) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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image for news Agree Realty (ADC) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Agree Realty (ADC) Surpasses Q4 FFO and Revenue Estimates
ADC
Published: February 11, 2025 by: Zacks Investment Research
Sentiment: Positive

Agree Realty (ADC) came out with quarterly funds from operations (FFO) of $1.04 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to FFO of $1 per share a year ago.

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image for news Agree Realty (ADC) Surpasses Q4 FFO and Revenue Estimates

About Agree Realty Corporation (ADC)

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