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

56.54USD+0.71 (+1.27%)Market Closed

Market Summary

USD56.54+0.71

Market Closed

1.27%

ADC Alerts

1 major insider buys recently.

ADC Stock Price

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ADC RSI Chart

ADC Valuation

Market Cap

5.6B

Price/Earnings (Trailing)

32.99

Price/Sales (Trailing)

10.44

Price/Free Cashflow

14.33

ADC Price/Sales (Trailing)

ADC Profitability

Return on Equity

3.27%

Return on Assets

2.19%

Free Cashflow Yield

6.98%

ADC Fundamentals

ADC Revenue

Revenue (TTM)

537.5M

Rev. Growth (Yr)

23.71%

Rev. Growth (Qtr)

5.37%

ADC Earnings

Earnings (TTM)

170.1M

Earnings Growth (Yr)

12.37%

Earnings Growth (Qtr)

10.31%

Breaking Down ADC Revenue

Last 7 days

-1.6%

Last 30 days

0.3%

Last 90 days

-8.6%

Trailing 12 Months

-16.9%

How does ADC drawdown profile look like?

ADC Financial Health

ADC Investor Care

Dividend Yield

5.23%

Dividend/Share (TTM)

2.92

Shares Dilution (1Y)

11.47%

Diluted EPS (TTM)

1.71

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

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
Apr 18, 2024	Allspring Global Investments Holdings, LLC	added	30.26	7,310,580	47,486,900	0.07%
Apr 18, 2024	Integrated Investment Consultants, LLC	new	-	319,644	319,644	0.09%
Apr 18, 2024	STATE OF MICHIGAN RETIREMENT SYSTEM	added	2.07	-111,943	1,405,150	0.01%
Apr 18, 2024	Tributary Capital Management, LLC	added	39.08	3,059,860	14,738,200	1.21%
Apr 18, 2024	Applied Capital LLC/FL	added	22.49	52,316	521,734	0.42%
Apr 18, 2024	IBEX WEALTH ADVISORS	added	58,210	2,849,650	2,854,000	0.77%
Apr 18, 2024	Park Place Capital Corp	unchanged	-	-350	3,427	-%
Apr 18, 2024	FARMERS & MERCHANTS INVESTMENTS INC	unchanged	-	-233	2,285	-%
Apr 18, 2024	Oak Thistle LLC	new	-	306,620	306,620	0.28%
Apr 18, 2024	Naviter Wealth, LLC	added	18.32	20,429	296,473	0.05%

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

ADC Alerts

1 major insider buys recently.

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
Apr 12, 2024	ARS	ARS
Apr 12, 2024	DEF 14A	DEF 14A
Apr 12, 2024	DEFA14A	DEFA14A
Apr 03, 2024	8-K	Current Report
Mar 22, 2024	4/A	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 01, 2024	4	Insider Trading
Mar 01, 2024	8-K	Current Report
Feb 27, 2024	4	Insider Trading
Feb 27, 2024	4	Insider Trading

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	79.7B	11.1B	-13.04%	-17.84%	58.33	7.16	4.04%	-19.43%
CCI	41.0B	7.0B	-9.76%	-29.35%	27.28	5.87	-0.07%	-10.36%
AVB	25.9B	2.8B	-0.02%	3.91%	27.86	9.34	6.73%	-18.30%
ARE	20.0B	2.9B	-5.67%	-6.97%	193.26	6.94	11.46%	-80.13%
AMH	12.7B	1.6B	-2.45%	5.32%	29.36	7.9	7.80%	39.39%
REG	10.7B	1.3B	-2.50%	-5.09%	29.24	8.06	8.04%	-24.50%
BXP	9.2B	3.3B	-6.87%	8.89%	48.44	2.81	5.31%	-77.32%
MID-CAP
FRT	8.2B	1.1B	-1.11%	0.59%	34.51	7.22	5.38%	-38.52%
MAC	3.3B	884.1M	-8.56%	49.21%	-11.94	3.7	2.90%	-314.82%
SLG	3.1B	899.4M	-5.89%	94.81%	-5.57	3.5	-0.45%	-623.11%
SMALL-CAP
AAT	1.3B	441.2M	-2.74%	11.87%	19.34	2.84	4.38%	15.77%
AIV	1.1B	198.2M	3.05%	-4.32%	-7.14	5.71	-43.33%	-270.70%
MFA	1.0B	605.6M	-9.43%	1.88%	13.09	1.73	25.53%	134.62%
NYMT	621.3M	258.7M	-5.15%	-32.84%	-12.77	2.4	0.11%	83.70%
IVR	392.0M	277.9M	-12.26%	-22.88%	-24.72	1.41	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	5.4%	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	37.00
Costs and Expenses	3.8%	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	18.00
S&GA Expenses	-1.6%	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	3.00
Interest Expenses	7.5%	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	7.00
Income Taxes	-1.1%	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.17	0.00
Net Income	10.3%	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	13.00
Net Income Margin	-2.2%	0.32*	0.32*	0.34*	0.35*	0.36*	0.36*	0.37*	0.36*	-	-	-	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-10.8%	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.7%	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	2,028
Cash Equivalents	70.8%	11.00	6.00	8.00	12.00	28.00	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	54.00
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,648
Liabilities	7.2%	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	790
Shareholder's Equity	-0.9%	5,199	5,244	4,978	4,798	4,629	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	1,238
Additional Paid-In Capital	0.0%	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	1,278
Shares Outstanding	0.0%	101	101	96.00	93.00	90.00	80.00	73.00	71.00	67.00	66.00	65.00	63.00	-	-	-	-	-	-	-	-	-
Minority Interest	-15.4%	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	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-10.8%	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	28,995
Share Based Compensation	-0.6%	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	777
Cashflow From Investing	54.5%	-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	-257,489
Cashflow From Financing	-66.7%	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	264,222
Dividend Payments	5.1%	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	18,620
Buy Backs	-78.9%	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	3.00

ADC Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues
Rental income	$ 537,403	$ 429,632	$ 339,067
Other	92	182	256
Total Revenues	537,495	429,814	339,323
Operating Expenses
Real estate taxes	40,092	32,079	25,513
Property operating expenses	24,961	18,585	13,996
Land lease expense	1,664	1,617	1,552
General and administrative	34,788	30,121	25,456
Depreciation and amortization	176,277	133,570	95,729
Provision for impairment	7,175	1,015	1,919
Total Operating Expenses	284,957	216,987	164,165
Gain (loss) on sale of assets, net	1,849	5,341	14,941
Gain (loss) on involuntary conversion, net	0	(83)	170
Income from Operations	254,387	218,085	190,269
Other (Expense) Income
Interest expense, net	(81,119)	(63,435)	(50,378)
Income tax (expense) benefit	(2,910)	(2,860)	(2,401)
Loss on early extinguishment of term loans and settlement of related interest rate swaps	0	0	(14,614)
Other (expense) income	189	1,245	0
Net Income	170,547	153,035	122,876
Less net income attributable to non-controlling interest	588	598	603
Net income attributable to Agree Realty Corporation	169,959	152,437	122,273
Less Series A preferred stock dividends	7,437	7,437	2,148
Net Income Attributable to Common Stockholders	$ 162,522	$ 145,000	$ 120,125
Net Income Per Share Attributable to Common Stockholders
Basic	$ 1.70	$ 1.84	$ 1.79
Diluted	$ 1.70	$ 1.83	$ 1.78
Other Comprehensive Income
Net income	$ 170,547	$ 153,035	$ 122,876
Amortization of interest rate swaps	(2,519)	(684)	950
Change in fair value and settlement of interest rate swaps	(4,501)	29,881	29,980
Total comprehensive income (loss)	163,527	182,232	153,806
Less comprehensive income (loss) attributable to non-controlling interest	565	741	770
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	$ 162,962	$ 181,491	$ 153,036
Weighted Average Number of Common Shares Outstanding - Basic	95,191,409	78,659,333	66,802,242
Weighted Average Number of Common Shares Outstanding - Diluted	95,437,412	79,164,386	67,139,079

ADC Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Real Estate Investments
Land	$ 2,282,354	$ 1,941,599
Buildings	4,861,692	4,054,679
Less accumulated depreciation	(433,958)	(321,142)
Real estate investments excluding property under development	6,710,088	5,675,136
Property under development	33,232	65,932
Net Real Estate Investments	6,743,320	5,741,068
Real Estate Held for Sale, net	3,642	0
Cash and Cash Equivalents	10,907	27,763
Cash Held in Escrows	3,617	1,146
Accounts Receivable - Tenants, net	82,954	65,841
Lease Intangibles, net of accumulated amortization of $360,061 and $263,011 at December 31, 2023 and December 31, 2022, respectively	854,088	799,448
Other Assets, net	76,308	77,923
Total Assets	7,774,836	6,713,189
LIABILITIES
Mortgage Notes Payable, net	42,811	47,971
Unsecured Term Loan, net	346,798	0
Senior Unsecured Notes, net	1,794,312	1,792,047
Unsecured Revolving Credit Facility	227,000	100,000
Dividends and Distributions Payable	25,534	22,345
Accounts Payable, Accrued Expenses, and Other Liabilities	101,401	83,722
Lease Intangibles, net of accumulated amortization of $42,813 and $35,992 at December 31, 2023 and December 31, 2022, respectively	36,827	36,714
Total Liabilities	2,574,683	2,082,799
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 December 31, 2023 and December 31, 2022	175,000	175,000
Common stock, $.0001 par value, 180,000,000 shares authorized, 100,519,355 and 90,173,424 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively	10	9
Additional paid-in-capital	5,354,120	4,658,570
Dividends in excess of net income	(346,473)	(228,132)
Accumulated other comprehensive income (loss)	16,554	23,551
Total Equity - Agree Realty Corporation	5,199,211	4,628,998
Non-controlling interest	942	1,392
Total Equity	5,200,153	4,630,390
Total Liabilities and Equity	$ 7,774,836	$ 6,713,189

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 Thu Apr 18 2024, market cap of Agree Realty Corp is 5.61 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 Thu Apr 18 2024, ADC's PE ratio (Price to Earnings) is 32.99 and Price to Sales (PS) ratio is 10.44. 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 0.106 (multiply by 100 for percentage) rate of return.