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Agree Realty Corporation logo

Agree Realty Corporation

ADC

NYSEReal EstateREIT - Retail

Open in GoAI

Previous close

$73.88

−$0.57 · -0.77%

Aug 21, 4:00 PM ET

ADC company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

60

Fair Value

Momentum

43

Neutral

Sentiment

67

Bullish

Risk resilience

86

Low Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Agree Realty Corporation functions as a publicly traded Real Estate Investment Trust (REIT), concentrating its efforts on the acquisition and development of commercial properties. These assets are primarily net-leased to leading companies within the retail sector. As of September 30, 2020, the firm oversaw a substantial portfolio of 1,027 properties, which were distributed across 45 U.S. states and encompassed a total gross leasable area of approximately 21.0 million square feet. Shares of Agree Realty's common stock are available for trade on the New York Stock Exchange, identified by the ticker symbol ADC.

Industry
REIT - Retail
Sector
Real Estate
Headquarters
US
CEO
Joel N. Agree
Listed since
Apr 15, 1994
Employees
90

Market position

Day range

Current $73.88

52-week range

Current $73.88

Open
$74.60
Previous close
$74.45
Volume
470.65K
0.38× average
Average volume
1.26M
Average daily volume
Market cap
8.87B USD
Beta
0.47
Market reference 1
50-day average
$76.7858
-3.78% below average
200-day average
$75.5473
-2.21% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
39.72×
P/B (TTM)
1.36×
P/S (TTM)
11.38×
Dividend yield
4.27%

Profitability & efficiency

Gross margin
69.85%
Operating margin
48.35%
Net margin
28.87%

Financial health

Debt / equity
0.6×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends94%70%46%22%Gross margin, FY2021: 87.90%Gross margin, FY2022: 87.84%Gross margin, FY2023: 87.59%Gross margin, FY2024: 87.87%Gross margin, FY2025: 87.73%Operating margin, FY2021: 56.07%Operating margin, FY2022: 50.74%Operating margin, FY2023: 47.33%Operating margin, FY2024: 48.98%Operating margin, FY2025: 47.38%Net margin, FY2021: 36.03%Net margin, FY2022: 35.47%Net margin, FY2023: 31.62%Net margin, FY2024: 30.66%Net margin, FY2025: 28.45%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 87.90%. Gross margin FY2022 87.84%. Gross margin FY2023 87.59%. Gross margin FY2024 87.87%. Gross margin FY2025 87.73%. Operating margin FY2021 56.07%. Operating margin FY2022 50.74%. Operating margin FY2023 47.33%. Operating margin FY2024 48.98%. Operating margin FY2025 47.38%. Net margin FY2021 36.03%. Net margin FY2022 35.47%. Net margin FY2023 31.62%. Net margin FY2024 30.66%. Net margin FY2025 28.45%.

Income trends

Revenue

718.4M USD+16.42%

Operating income

340.4M USD+12.62%

Net income

204.35M USD+8.01%
Income trends across reported periods778.01M USD539.56M USD301.11M USD62.66M USDRevenue, FY2021: 339.32M USDRevenue, FY2022: 429.81M USDRevenue, FY2023: 537.5M USDRevenue, FY2024: 617.1M USDRevenue, FY2025: 718.4M USDOperating income, FY2021: 190.27M USDOperating income, FY2022: 218.09M USDOperating income, FY2023: 254.39M USDOperating income, FY2024: 302.24M USDOperating income, FY2025: 340.4M USDNet income, FY2021: 122.27M USDNet income, FY2022: 152.44M USDNet income, FY2023: 169.96M USDNet income, FY2024: 189.2M USDNet income, FY2025: 204.35M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 339.32M USD. Revenue FY2022 429.81M USD. Revenue FY2023 537.5M USD. Revenue FY2024 617.1M USD. Revenue FY2025 718.4M USD. Operating income FY2021 190.27M USD. Operating income FY2022 218.09M USD. Operating income FY2023 254.39M USD. Operating income FY2024 302.24M USD. Operating income FY2025 340.4M USD. Net income FY2021 122.27M USD. Net income FY2022 152.44M USD. Net income FY2023 169.96M USD. Net income FY2024 189.2M USD. Net income FY2025 204.35M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue718.4M USD617.1M USD537.5M USD429.81M USD339.32M USD
Cost of goods sold88.15M USD74.85M USD66.72M USD52.28M USD41.06M USD
Gross profit630.25M USD542.25M USD470.78M USD377.53M USD298.26M USD
Selling, general, and administrative44.06M USD37.23M USD34.79M USD30.12M USD25.46M USD
Operating expenses289.86M USD240M USD216.39M USD159.45M USD107.99M USD
Interest expense134.61M USD108.9M USD81.12M USD63.44M USD50.38M USD
Depreciation and amortization275.72M USD240.22M USD209.37M USD166.91M USD120.01M USD
Operating income340.4M USD302.24M USD254.39M USD218.09M USD190.27M USD
Net income204.35M USD189.2M USD169.96M USD152.44M USD122.27M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
27%
3 beats, 8 misses, 0 met estimates
Average EPS surprise
+0.01%
11 comparable reports
Latest EPS result
0.44
Estimate 0.48 · Miss by 7.58%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.540.490.430.38Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 0.42, estimate 0.43, surprise -2.33%, Miss. Q2 2025, reported Apr 22, 2025: actual 0.42, estimate 0.423, surprise -0.62%, Miss. Q3 2025, reported Jul 31, 2025: actual 0.44, estimate 0.454, surprise -2.98%, Miss. Q4 2025, reported Oct 21, 2025: actual 0.45, estimate 0.45, surprise +0.09%, Beat. Q1 2026, reported Feb 10, 2026: actual 0.47, estimate 0.47, surprise -0.06%, Miss. Q2 2026, reported Apr 21, 2026: actual 0.5, estimate 0.479, surprise +4.41%, Beat. Q3 2026, reported Jul 30, 2026: actual 0.44, estimate 0.476, surprise -7.58%, Miss. Q4 2026, reported Oct 20, 2026: actual —, estimate 0.475, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates219.96M196.57M173.18M149.79MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 160.73M USD, estimate 158.25M USD, surprise +1.57%, Beat. Q2 2025, reported Apr 22, 2025: actual 169.16M USD, estimate 164.62M USD, surprise +2.76%, Beat. Q3 2025, reported Jul 31, 2025: actual 175.53M USD, estimate 173.17M USD, surprise +1.36%, Beat. Q4 2025, reported Oct 21, 2025: actual 183.22M USD, estimate 180.18M USD, surprise +1.69%, Beat. Q1 2026, reported Feb 10, 2026: actual 190.49M USD, estimate 185.71M USD, surprise +2.57%, Beat. Q2 2026, reported Apr 21, 2026: actual 200.81M USD, estimate 195.86M USD, surprise +2.53%, Beat. Q3 2026, reported Jul 30, 2026: actual 205.1M USD, estimate 204.53M USD, surprise +0.28%, Beat. Q4 2026, reported Oct 20, 2026: actual —, estimate 211.5M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

32 ratings
Strong buy13%
Buy2269%
Hold928%
Sell00%
Strong sell00%

ADC news

247wallst.com

5 Monthly Dividend Payers to Own Heading Into September

September has a well-earned reputation as a

Read source
247wallst.com

This Safe Monthly Dividend Income Portfolio Has Baby Boomers Retiring Early

Social Security alone leaves most retirees scrambling to cover basic expenses, but a carefully constructed portfolio of five monthly dividend payers could change that equation entirely for Baby Boomers sitting on…

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defenseworld.net

Contrasting Agree Realty (NYSE:ADC) & Capital & Regional (OTCMKTS:CRPLF)

Capital and Regional (OTCMKTS:CRPLF - Get Free Report) and Agree Realty (NYSE: ADC - Get Free Report) are both real estate companies, but which is the better stock? We will compare the two companies based on the strength…

Read source
seekingalpha.com

Agree Realty: 4% Yield, Monthly Dividends, Double-Digit Upside Potential Make It A Buy

Agree Realty remains a high-quality net lease REIT, offering an attractive entry point at 17x forward AFFO and a 4% yield. Its fortress balance sheet, A-credit rating, and low leverage (5.2x, or 3.7x including unsettled…

Read source
marketbeat.com

ADC Therapeutics Q2 Earnings Call Highlights

ADC Therapeutics NYSE: ADCT reported second-quarter 2026 net product revenue of $18.6 million for ZYNLONTA, up from $18.1 million in the prior-year period, while executives said the treatment's commercial performance…

Read source
prnewswire.com

ADC Therapeutics Reports Second Quarter 2026 Financial Results and Provides Operational Updates

Second quarter 2026 net product revenue of $18.6 million; cash and cash equivalents of $219.1 million as of June 30, 2026 LOTIS-7, LOTIS-5 and MZL IIT data submitted for presentation at ASH Company evaluating regulatory…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$3.081

2025 complete year+18.3% since 2021

2026 partial: $1.854

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Aug 31, 2026

$0.267

Monthly

Record Aug 31, 2026 · Payment Sep 15, 2026

Dividend

Ex-dividend Jul 31, 2026

$0.267

Monthly

Record Jul 31, 2026 · Payment Aug 14, 2026

Dividend

Ex-dividend Jun 30, 2026

$0.267

Monthly

Record Jun 30, 2026 · Payment Jul 15, 2026

Dividend

Ex-dividend May 29, 2026

$0.267

Monthly

Record May 29, 2026 · Payment Jun 12, 2026

Dividend

Ex-dividend Apr 30, 2026

$0.267

Monthly

Record Apr 30, 2026 · Payment May 14, 2026

Dividend

Ex-dividend Mar 31, 2026

$0.262

Monthly

Record Mar 31, 2026 · Payment Apr 15, 2026

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ETFs holding ADC

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
355.47M
Weight
0.48%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
309.2M
Weight
0.24%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.77+0.52%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
297.49M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
214.73M
Weight
0.12%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
136.43M
Weight
0.20%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
107.4M
Weight
0.11%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Schwab U.S. REIT ETF logoSchwab U.S. REIT ETFSCHH
Market value
70.11M
Weight
0.62%
AUM
11.39B USD
Expense ratio
0.07%
Price / 1D
$24.04-0.08%
State Street SPDR S&P MIDCAP 400 ETF Trust logoState Street SPDR S&P MIDCAP 400 ETF TrustMDY
Market value
65.38M
Weight
0.25%
AUM
26.72B USD
Expense ratio
0.23%
Price / 1D
$699.6+0.48%

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