ADC - Agree Realty Corp Stock Price, Fair Value and News

58.37USD-0.83 (-1.40%)Market Closed

Market Summary

USD58.37-0.83

Market Closed

-1.40%

ADC Stock Price

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ADC RSI Chart

ADC Valuation

Market Cap

6.0B

Price/Earnings (Trailing)

34.38

Price/Sales (Trailing)

10.63

Price/Free Cashflow

14.87

ADC Price/Sales (Trailing)

ADC Profitability

Return on Equity

3.34%

Return on Assets

2.2%

Free Cashflow Yield

6.72%

ADC Fundamentals

ADC Revenue

Revenue (TTM)

560.3M

Rev. Growth (Yr)

18.03%

Rev. Growth (Qtr)

3.67%

ADC Earnings

Earnings (TTM)

173.2M

Earnings Growth (Yr)

7.8%

Earnings Growth (Qtr)

-2.23%

Breaking Down ADC Revenue

52 Week Range

53.5069.26

(Low)(High)

Last 7 days

3.4%

Last 30 days

5.6%

Last 90 days

1.8%

Trailing 12 Months

-12.6%

How does ADC drawdown profile look like?

ADC Financial Health

ADC Investor Care

Dividend Yield

4.93%

Dividend/Share (TTM)

2.92

Shares Dilution (1Y)

7.97%

Diluted EPS (TTM)

1.7

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	560.3M	0	0	0
2023	458.1M	483.1M	509.9M	537.5M
2022	359.8M	382.2M	404.7M	429.8M
2021	270.6M	295.6M	319.3M	339.3M
2020	200.9M	213.6M	229.3M	248.6M
2019	147.0M	158.8M	172.8M	187.5M
2018	122.4M	127.5M	131.2M	137.1M
2017	97.9M	104.1M	110.3M	116.6M
2016	74.4M	79.1M	85.4M	91.5M
2015	56.7M	61.0M	65.1M	70.0M
2014	46.2M	48.5M	51.0M	53.6M
2013	36.5M	38.7M	41.1M	43.5M
2012	29.8M	29.3M	31.7M	34.6M
2011	0	28.4M	29.3M	30.3M
2010	0	28.2M	27.8M	27.4M
2009	0	0	0	28.7M

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Agree Realty Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 14, 2024	breslin stephen	bought	24,898	55.33	450	chief accounting officer
Feb 29, 2024	agree richard	bought	888,000	55.5	16,000	executive chairman of board
Feb 23, 2024	coughenour peter	acquired	-	-	7,825	chief financial officer
Feb 23, 2024	dearing karen	acquired	-	-	3,652	-
Feb 23, 2024	frankel merrie s.	acquired	-	-	2,000	-
Feb 23, 2024	judlowe michael	acquired	-	-	3,217	-
Feb 23, 2024	witteveen nicole	sold (taxes)	-35,368	57.51	-615	chief operating officer
Feb 23, 2024	erlich craig	acquired	-	-	8,486	chief growth officer
Feb 23, 2024	erlich craig	sold (taxes)	-84,252	57.51	-1,465	chief growth officer
Feb 23, 2024	hollman michael	acquired	-	-	2,000	-

Which funds bought or sold ADC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Quantbot Technologies LP	new	-	2,279,830	2,279,830	0.13%
May 06, 2024	Parallel Advisors, LLC	reduced	-13.11	-15,034	56,059	-%
May 06, 2024	Envestnet Portfolio Solutions, Inc.	added	32.17	90,617	545,326	-%
May 06, 2024	Mesirow Institutional Investment Management, Inc.	added	5.71	-687,592	16,175,000	1.44%
May 06, 2024	Metis Global Partners, LLC	added	2.89	-27,586	388,073	0.01%
May 06, 2024	Jefferies Financial Group Inc.	sold off	-100	-160,638	-	-%
May 06, 2024	SG Americas Securities, LLC	added	167	1,828,000	3,110,000	0.01%
May 06, 2024	NewEdge Wealth, LLC	reduced	-1.35	-20,438	204,147	-%
May 06, 2024	GABLES CAPITAL MANAGEMENT INC.	reduced	-22.22	-16,671	39,984	0.02%
May 06, 2024	HBC Financial Services, PLLC	sold off	-100	-31,000	-	-%

Are Funds Buying or Selling ADC?

Are funds buying ADC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ADC

No. of Funds

Unveiling Agree Realty Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	14.15%	14,222,246	SC 13G/A
Jan 29, 2024	state street corp	5.52%	5,545,080	SC 13G/A
Jan 23, 2024	blackrock inc.	12.6%	12,646,666	SC 13G/A
Jul 07, 2023	blackrock inc.	12.1%	11,259,734	SC 13G/A
Feb 15, 2023	principal real estate investors llc	3.49%	3,095,267	SC 13G/A
Feb 09, 2023	vanguard group inc	15.77%	13,970,181	SC 13G/A
Feb 06, 2023	state street corp	6.02%	5,331,244	SC 13G/A
Jan 26, 2023	blackrock inc.	19.4%	17,163,492	SC 13G/A
Jan 20, 2023	blackrock inc.	19.4%	17,163,492	SC 13G
Feb 15, 2022	principal real estate investors llc	5.27%	3,759,175	SC 13G

Recent SEC filings of Agree Realty Corp

View All Filings

Date Filed	Form Type	Document
May 06, 2024	424B5	Prospectus Filed
May 06, 2024	FWP	Prospectus Filed
May 06, 2024	FWP	Prospectus Filed
May 06, 2024	POSASR	POSASR
Apr 23, 2024	10-Q	Quarterly Report
Apr 23, 2024	8-K	Current Report
Apr 12, 2024	ARS	ARS
Apr 12, 2024	DEF 14A	DEF 14A
Apr 12, 2024	DEFA14A	DEFA14A
Apr 03, 2024	8-K	Current Report

Peers (Alternatives to Agree Realty Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	84.7B	11.2B	-4.62%	-6.12%	42.91	7.56	3.63%	50.79%
CCI	41.8B	6.8B	-4.58%	-17.37%	29.96	6.1	-2.39%	-16.60%
AVB	27.9B	2.8B	8.20%	8.63%	29.16	9.93	5.72%	-6.47%
ARE	20.9B	3.0B	-3.93%	-2.18%	106.61	7.09	10.44%	-73.79%
AMH	13.4B	-	1.39%	3.90%	31.65	8.24	8.93%	11.87%
REG	11.0B	1.4B	1.05%	-0.44%	29.39	8.02	10.48%	-2.93%
BXP	9.6B	3.3B	-0.78%	19.54%	50.23	2.92	5.31%	-77.32%
MID-CAP
FRT	8.5B	1.2B	3.38%	9.20%	35.86	7.43	5.48%	-38.69%
SLG	3.3B	892.3M	-0.89%	140.04%	-6.5	3.73	-5.33%	-307.54%
MAC	3.3B	884.1M	-5.40%	54.41%	-12	3.72	2.90%	-314.82%
SMALL-CAP
AAT	1.3B	444.1M	6.11%	16.74%	19.54	3.02	3.54%	8.91%
AIV	1.2B	198.2M	5.61%	1.35%	-7.62	5.71	-43.33%	-270.70%
MFA	1.1B	650.2M	-3.45%	1.92%	35.5	1.67	27.93%	140.31%
NYMT	562.0M	285.4M	-13.60%	-37.59%	-4.08	1.97	11.05%	83.70%
IVR	442.4M	277.9M	3.16%	-10.49%	-27.9	1.59	44.33%	96.06%

Agree Realty Corp News

Latest updates

Agree Realty Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	3.7%	149	144	137	130	127	117	110	105	98.00	91.00	88.00	83.00	78.00	71.00	64.00	58.00	56.00	52.00	48.00	45.00	42.00
Costs and Expenses	5.8%	81.00	77.00	74.00	69.00	66.00	59.00	56.00	53.00	50.00	46.00	41.00	39.00	38.00	36.00	33.00	28.00	26.00	24.00	21.00	21.00	20.00
S&GA Expenses	9.3%	10.00	9.00	9.00	8.00	9.00	8.00	7.00	8.00	8.00	7.00	6.00	6.00	7.00	7.00	5.00	5.00	5.00	4.00	4.00	4.00	4.00
Interest Expenses	9.3%	24.00	22.00	21.00	20.00	18.00	17.00	17.00	16.00	14.00	13.00	13.00	13.00	12.00	12.00	10.00	8.00	10.00	10.00	8.00	7.00	8.00
Income Taxes	62.2%	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.17
Net Income	-2.2%	45.00	46.00	42.00	41.00	42.00	41.00	39.00	36.00	36.00	33.00	37.00	22.00	30.00	23.00	21.00	25.00	21.00	23.00	21.00	19.00	19.00
Net Income Margin	-2.3%	0.31*	0.32*	0.32*	0.34*	0.35*	0.36*	0.36*	0.37*	0.36*	-	-	-	-	-	-	-	-	-	-	-	-
Free Cashflow	5.2%	103	98.00	110	90.00	94.00	93.00	119	89.00	61.00	-	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.2%	7,869	7,775	7,647	7,272	6,986	6,713	6,556	6,038	5,639	5,227	4,998	4,765	4,278	3,886	3,548	3,112	2,909	2,665	2,523	2,304	2,150
Cash Equivalents	-42.1%	6.00	11.00	6.00	8.00	13.00	29.00	252	27.00	26.00	45.00	103	188	7.00	8.00	16.00	36.00	92.00	42.00	11.00	22.00	25.00
Liabilities	4.4%	2,689	2,575	2,402	2,294	2,189	2,083	2,007	2,064	1,963	1,808	1,656	1,644	1,479	1,360	1,282	926	1,152	973	1,033	837	861
Shareholder's Equity	-0.4%	5,179	5,199	5,244	4,978	4,798	4,630	4,549	3,974	3,676	3,419	3,342	3,120	2,800	2,526	2,265	2,186	1,757	1,692	1,490	1,468	1,289
Additional Paid-In Capital	0.0%	5,354	5,354	5,352	5,060	4,853	4,659	4,551	3,949	3,647	3,396	3,300	3,248	2,910	2,652	2,384	2,295	1,857	1,753	1,556	1,523	1,335
Shares Outstanding	0.1%	101	101	101	96.00	90.00	90.00	75.00	75.00	71.00	67.00	66.00	64.00	-	-	-	-	-	-	-	-	-
Minority Interest	-6.8%	1.00	1.00	1.00	1.00	1.00	1.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Float	-	-	-	-	6,195	-	-	-	5,759	-	-	-	4,857	-	-	-	3,539	-	-	-	2,688	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	5.2%	103,142	98,010	109,860	89,557	94,171	93,176	118,856	88,622	61,467	60,348	68,021	72,151	45,795	52,101	23,076	39,083	28,696	38,164	30,944	34,092	23,507
Share Based Compensation	12.4%	2,425	2,158	2,172	2,177	1,831	1,572	1,514	1,743	1,635	1,317	507	1,475	1,499	1,231	1,233	1,224	1,014	1,008	1,034	1,025	913
Cashflow From Investing	34.2%	-125,965	-191,297	-420,327	-332,266	-331,107	-432,434	-361,991	-382,759	-438,791	-317,418	-334,177	-347,841	-387,179	-366,120	-464,582	-262,531	-206,609	-119,337	-243,468	-166,063	-138,651
Cashflow From Financing	-76.6%	23,733	101,424	304,607	242,016	220,967	116,653	467,542	295,478	357,840	199,512	180,583	456,702	340,798	305,744	421,352	167,692	227,896	112,528	200,897	129,051	86,518
Dividend Payments	0.8%	74,705	74,083	70,481	67,914	65,198	63,241	56,045	52,247	48,771	47,163	45,023	41,153	60,957	32,314	32,310	26,677	24,811	24,155	23,922	21,342	20,838
Buy Backs	18091.7%	2,183	12.00	57.00	8.00	2,607	25.00	66.00	76.00	1,745	6.00	27.00	-	1,780	4.00	7.00	3.00	1,627	6.00	4.00	-	1,398

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ADC Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues
Rental income	$ 149,422	$ 126,609
Other	31	9
Total Revenues	149,453	126,618
Operating Expenses
Real estate taxes	10,701	9,432
Property operating expenses	7,373	6,782
Land lease expense	415	430
General and administrative	9,515	8,821
Depreciation and amortization	48,463	40,646
Provision for impairment	4,530	0
Total Operating Expenses	80,997	66,111
Gain on sale of assets, net	2,096	0
Loss on involuntary conversion, net	(55)	0
Income from Operations	70,497	60,507
Other (Expense) Income
Interest expense, net	(24,451)	(17,998)
Income and other tax expense	(1,149)	(783)
Other income	117	48
Net Income	45,014	41,774
Less net income attributable to non-controlling interest	155	160
Net income attributable to Agree Realty Corporation	44,859	41,614
Less Series A preferred stock dividends	1,859	1,859
Net Income Attributable to Common Stockholders	$ 43,000	$ 39,755
Net Income Per Share Attributable to Common Stockholders
Basic	$ 0.43	$ 0.44
Diluted	$ 0.43	$ 0.44
Other Comprehensive Income
Net income	$ 45,014	$ 41,774
Amortization of interest rate swaps	(629)	(629)
Change in fair value and settlement of interest rate swaps	11,543	0
Total comprehensive income	55,928	41,145
Less comprehensive income attributable to non-controlling interest	193	158
Comprehensive Income Attributable to Agree Realty Corporation	$ 55,735	$ 40,987
Weighted Average Number of Common Shares Outstanding - Basic	100,284,588	90,028,255
Weighted Average Number of Common Shares Outstanding - Diluted	100,336,600	90,548,172

ADC Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Real Estate Investments
Land	$ 2,305,313	$ 2,282,354
Buildings	4,937,878	4,861,692
Less accumulated depreciation	(463,827)	(433,958)
Real estate investments excluding property under development	6,779,364	6,710,088
Property under development	42,109	33,232
Net Real Estate Investments	6,821,473	6,743,320
Real Estate Held for Sale, net	5,416	3,642
Cash and Cash Equivalents	6,314	10,907
Cash Held in Escrows	9,120	3,617
Accounts Receivable - Tenants, net	91,301	82,954
Lease Intangibles, net of accumulated amortization of $383,456 and $360,061 at March 31, 2024 and December 31, 2023, respectively	840,984	854,088
Other Assets, net	94,057	76,308
Total Assets	7,868,665	7,774,836
LIABILITIES
Mortgage Notes Payable, net	42,666	42,811
Unsecured Term Loan, net	346,947	346,798
Senior Unsecured Notes, net	1,794,874	1,794,312
Unsecured Revolving Credit Facility	330,000	227,000
Dividends and Distributions Payable	25,561	25,534
Accounts Payable, Accrued Expenses, and Other Liabilities	112,385	101,401
Lease Intangibles, net of accumulated amortization of $42,684 and $42,813 at March 31, 2024 and December 31, 2023, respectively	36,757	36,827
Total Liabilities	2,689,190	2,574,683
EQUITY
Preferred stock, $.0001 par value per share, 4,000,000 shares authorized, 7,000 shares Series A outstanding, at stated liquidation value of $25,000 per share, at March 31, 2024 and December 31, 2023	175,000	175,000
Common stock, $.0001 par value, 180,000,000 shares authorized, 100,628,975 and 100,519,355 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	10	10
Additional paid-in-capital	5,354,362	5,354,120
Dividends in excess of net income	(378,205)	(346,473)
Accumulated other comprehensive income	27,430	16,554
Total Equity - Agree Realty Corporation	5,178,597	5,199,211
Non-controlling interest	878	942
Total Equity	5,179,475	5,200,153
Total Liabilities and Equity	$ 7,868,665	$ 7,774,836

About Agree Realty Corp

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 June 30, 2023, the Company owned and operated a portfolio of 2,004 properties, located in 49 states and containing approximately 41.7 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".

CEO	Mr. Joel N. Agree
WEBSITE	agreerealty.com
INDUSTRY	REIT Mortgage
EMPLOYEES	76

Agree Realty Corp Frequently Asked Questions

What is the ticker symbol for Agree Realty Corp? What does ADC stand for in stocks?

ADC is the stock ticker symbol of Agree Realty Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Agree Realty Corp (ADC)?

As of Tue May 07 2024, market cap of Agree Realty Corp is 5.96 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ADC stock?

You can check ADC's fair value in chart for subscribers.

What is the fair value of ADC stock?

You can check ADC's fair value in chart for subscribers. The fair value of Agree Realty Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Agree Realty Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ADC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Agree Realty Corp a good stock to buy?

The fair value guage provides a quick view whether ADC is over valued or under valued. Whether Agree Realty Corp is cheap or expensive depends on the assumptions which impact Agree Realty Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ADC.

What is Agree Realty Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, ADC's PE ratio (Price to Earnings) is 34.38 and Price to Sales (PS) ratio is 10.63. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ADC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Agree Realty Corp's stock?

In the past 10 years, Agree Realty Corp has provided 0.109 (multiply by 100 for percentage) rate of return.