Agree Realty Corp
ADC
60.79USD-0.09 (-0.15%)Delayed as of 07 Dec 2023, 11:22 amWatchlist
Market Summary
USD60.79-0.09
Delayedas of 07 Dec 2023, 11:22 am-0.15%
ADC Stock Price
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Price Action
52 Week Range
53.5075.71
(Low)(High)
Last 7 days
4.3%
Last 30 days
3.9%
Last 90 days
0.5%
Trailing 12 Months
-14.7%
How does ADC drawdown profile look like?
ADC Financial Health
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Net sales
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2023 | 458.1M | 483.1M | 509.9M | 0 |
| 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 | 28.1M | 28.8M | 29.6M | 30.3M |
| 2010 | 28.3M | 28.0M | 27.7M | 27.4M |
| 2009 | 0 | 0 | 0 | 28.7M |
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Latest Insider Trading transactions for ADC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
| Oct 02, 2023 | agree joey | bought | 215,360 | 53.84 | 4,000 | president & ceo |
| Sep 28, 2023 | erlich craig | bought | 99,446 | 55.2481 | 1,800 | chief growth officer |
| Sep 26, 2023 | rakolta john jr | bought | 1,114,600 | 55.73 | 20,000 | - |
| Sep 26, 2023 | agree joey | bought | 561,000 | 56.1 | 10,000 | president & ceo |
| Sep 21, 2023 | rakolta john jr | bought | 1,724,400 | 57.48 | 30,000 | - |
| Aug 19, 2023 | erlich craig | sold (taxes) | -23,995 | 61.37 | -391 | chief operating officer |
| Aug 19, 2023 | witteveen nicole | sold (taxes) | -17,245 | 61.37 | -281 | evp, people & culture |
| Aug 15, 2023 | coughenour peter | bought | 30,895 | 61.79 | 500 | chief financial officer |
| Aug 14, 2023 | erlich craig | bought | 9,661 | 62.33 | 155 | chief operating officer |
| Aug 14, 2023 | erlich craig | bought | 93,540 | 62.36 | 1,500 | chief operating officer |
Which funds bought or sold ADC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
| Nov 24, 2023 | DEUTSCHE BANK AG\ | reduced | -18.72 | -63,832,200 | 139,879,000 | 0.09% |
| Nov 22, 2023 | Graham Capital Management, L.P. | new | - | 200,852 | 200,852 | -% |
| Nov 21, 2023 | Walleye Trading LLC | sold off | -100 | -1,756,830 | - | -% |
| Nov 21, 2023 | Walleye Capital LLC | reduced | -96.43 | -22,557,000 | 700,885 | -% |
| Nov 21, 2023 | Alpine Global Management, LLC | sold off | -100 | -286,539 | - | -% |
| Nov 16, 2023 | Employees Retirement System of Texas | added | 68.74 | 1,295,000 | 4,339,000 | 0.06% |
| Nov 16, 2023 | Creative Planning | reduced | -1.65 | -172,738 | 848,653 | -% |
| Nov 16, 2023 | ATTICUS WEALTH MANAGEMENT, LLC | unchanged | - | -5,075 | 27,620 | 0.01% |
| Nov 15, 2023 | Edgestream Partners, L.P. | sold off | -100 | -1,400,390 | - | -% |
| Nov 15, 2023 | Front Row Advisors LLC | unchanged | - | -1,339 | 4,661 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Agree Realty Corp
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | |
| Feb 14, 2022 | cohen & steers, inc. | 1.83% | 1,320,582 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 15.40% | 11,095,127 | SC 13G/A | |
| Feb 09, 2022 | state street corp | 5.36% | 3,861,931 | SC 13G |
Recent SEC filings of Agree Realty Corp
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Oct 24, 2023 | 8-K | Current Report | |
| Oct 24, 2023 | 10-Q | Quarterly Report | |
| Oct 04, 2023 | 8-K | Current Report | |
| Oct 03, 2023 | 4 | Insider Trading | |
| Sep 29, 2023 | 4 | Insider Trading | |
| Sep 28, 2023 | 8-K | Current Report | |
| Sep 27, 2023 | 4 | Insider Trading | |
| Sep 27, 2023 | 4 | Insider Trading | |
| Sep 25, 2023 | 4 | Insider Trading | |
| Sep 18, 2023 | 8-K | Current Report |
Peers (Alternatives to Agree Realty Corp)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AMT | 98.2B | 11.1B | 12.88% | -0.83% | 154.18 | 8.88 | 5.85% | -77.77% |
CCI | 50.8B | 7.1B | 20.58% | -12.70% | 32.75 | 7.19 | 2.84% | -3.84% |
AVB | 24.9B | 2.7B | 3.53% | 4.91% | 26.8 | 9.1 | 8.23% | -24.59% |
ARE | 20.0B | 2.8B | 20.33% | -16.83% | 26.64 | 7.46 | 12.15% | -54.56% |
AMH | 12.7B | - | -0.26% | 10.49% | 30.26 | 7.71 | -74.13% | 64.54% |
| MID-CAP | ||||||||
REG | 10.0B | 1.3B | 4.15% | -2.48% | 20.64 | 8.14 | 5.88% | -18.75% |
BXP | 9.9B | 3.2B | 10.28% | -3.15% | 54.49 | 3.07 | 6.05% | -80.01% |
FRT | 8.1B | 1.1B | 5.19% | -7.19% | 28.02 | 7.22 | 6.86% | -24.99% |
MAC | 2.8B | 873.6M | 20.91% | 3.15% | -8.23 | 3.15 | 1.54% | -294.39% |
SLG | 2.7B | 674.9M | 20.30% | 25.00% | -5.7 | 3.99 | 9.26% | -627.28% |
| SMALL-CAP | ||||||||
AAT | 1.3B | - | 7.56% | -19.96% | 20.22 | 2.65 | 3.89% | 17.90% |
MFA | 1.1B | 578.6M | 9.99% | -0.64% | -382.89 | 1.9 | 29.91% | 98.52% |
AIV | 1.0B | 339.3M | 15.61% | -11.79% | -5.71 | 2.79 | 88.48% | -168.70% |
NYMT | 811.6M | 242.8M | 13.29% | -14.22% | -6.33 | 3.34 | -1.99% | 43.00% |
IVR | 394.0M | 274.5M | 3.70% | -36.24% | -59.72 | 1.44 | 54.00% | 98.69% |
Agree Realty Corp News
Latest updates
Financials for Agree Realty Corp
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Quarterly) | (In Thousands) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Revenue | 5.3% | 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 | 34.00 |
| Costs and Expenses | 7.5% | 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 | 16.00 |
| S&GA Expenses | 5.0% | 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 | 3.00 |
| Interest Expenses | 4.3% | 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 | 7.00 |
| Income Taxes | 1.3% | 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 | 0.00 |
| Net Income | 1.2% | 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 | 16.00 |
| Net Income Margin | -4.0% | 0.32* | 0.34* | 0.35* | 0.35* | 0.36* | 0.37* | 0.36* | 0.36* | 0.35* | 0.33* | 0.37* | 0.37* | 0.39* | 0.42* | 0.41* | - | - | - | - | - | - |
| Free Cashflow | 22.7% | 110 | 90.00 | 94.00 | 93.00 | 119 | 89.00 | 61.00 | 60.00 | 68.00 | 72.00 | -342 | -275 | -152 | -136 | -147 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Assets | 5.2% | 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 | 1,749 |
| Cash Equivalents | -20.9% | 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 | 18.00 |
| Net PPE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,648 | 1,417 |
| Liabilities | 4.7% | 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 | 680 |
| Shareholder's Equity | 5.3% | 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 | 1,068 |
| Additional Paid-In Capital | 5.8% | 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 | 1,097 |
| Shares Outstanding | 4.4% | 101 | 96.00 | 93.00 | 90.00 | 80.00 | 75.00 | 71.00 | 71.00 | 69.00 | 65.00 | 63.00 | 60.00 | 54.00 | 53.00 | 45.00 | 46.00 | 42.00 | 41.00 | 37.00 | 38.00 | 32.00 |
| Minority Interest | -7.6% | 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 | 3.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Quarterly) | (In Thousands) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Cashflow From Operations | 22.7% | 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 | 27,214 |
| Share Based Compensation | -0.2% | 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 | 883 |
| Cashflow From Investing | -26.5% | -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 | -132,577 |
| Cashflow From Financing | 25.9% | 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 | 114,624 |
| Dividend Payments | 3.8% | 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 | 16,758 |
| Buy Backs | 612.5% | 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 | 68.00 |
ADC Income Statement
2023-09-30CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
| Revenues | ||||
| Rental income | $ 136,774 | $ 110,031 | $ 393,259 | $ 313,136 |
| Other | 38 | 34 | 71 | 147 |
| Total Revenues | 136,812 | 110,065 | 393,330 | 313,283 |
| Operating Expenses | ||||
| Real estate taxes | 10,124 | 8,526 | 29,429 | 24,117 |
| Property operating expenses | 5,518 | 4,557 | 18,120 | 13,575 |
| Land lease expense | 411 | 404 | 1,252 | 1,213 |
| General and administrative | 8,844 | 6,992 | 26,087 | 22,265 |
| Depreciation and amortization | 45,625 | 35,157 | 129,020 | 95,666 |
| Provision for impairment | 3,195 | 0 | 4,510 | 1,015 |
| Total Operating Expenses | 73,717 | 55,636 | 208,418 | 157,851 |
| Gain (loss) on sale of assets, net | (20) | 3,000 | 299 | 5,326 |
| Gain (loss) on involuntary conversion, net | 0 | (115) | (165) | |
| Income from Operations | 63,075 | 57,314 | 185,211 | 160,593 |
| Other (Expense) Income | ||||
| Interest expense, net | (20,803) | (17,149) | (58,748) | (46,592) |
| Income tax (expense) benefit | (709) | (720) | (2,201) | (2,137) |
| Other (expense) income | 94 | 132 | 184 | 132 |
| Net Income | 41,657 | 39,577 | 124,446 | 111,996 |
| Less net income attributable to non-controlling interest | 135 | 152 | 442 | 485 |
| Net income attributable to Agree Realty Corporation | 41,522 | 39,425 | 124,004 | 111,511 |
| Less Series A preferred stock dividends | 1,859 | 1,859 | 5,578 | 5,578 |
| Net Income Attributable to Common Stockholders | $ 39,663 | $ 37,566 | $ 118,426 | $ 105,933 |
| Net Income Per Share Attributable to Common Stockholders | ||||
| Basic | $ 0.41 | $ 0.47 | $ 1.26 | $ 1.40 |
| Diluted | $ 0.41 | $ 0.46 | $ 1.26 | $ 1.39 |
| Other Comprehensive Income | ||||
| Net income | $ 41,657 | $ 39,577 | $ 124,446 | $ 111,996 |
| Amortization of interest rate swaps | (631) | (273) | (1,889) | (109) |
| Change in fair value and settlement of interest rate swaps | 8,324 | (7,181) | 11,664 | 29,881 |
| Total comprehensive income (loss) | 49,350 | 32,123 | 134,221 | 141,768 |
| Less comprehensive income (loss) attributable to non-controlling interest | 162 | 121 | 477 | 630 |
| Comprehensive Income (Loss) Attributable to Agree Realty Corporation | $ 49,188 | $ 32,002 | $ 133,744 | $ 141,138 |
| Weighted Average Number of Common Shares Outstanding - Basic | 97,255,143 | 79,701,136 | 93,474,182 | 75,361,583 |
| Weighted Average Number of Common Shares Outstanding - Diluted | 97,349,473 | 80,589,446 | 93,732,359 | 75,890,692 |
ADC Balance Sheet
2023-09-30CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Real Estate Investments | ||
| Land | $ 2,231,535 | $ 1,941,599 |
| Buildings | 4,750,160 | 4,054,679 |
| Less accumulated depreciation | (403,501) | (321,142) |
| Real estate investments excluding property under development | 6,578,194 | 5,675,136 |
| Property under development | 36,114 | 65,932 |
| Net Real Estate Investments | 6,614,308 | 5,741,068 |
| Real Estate Held for Sale, net | 3,202 | |
| Cash and Cash Equivalents | 6,384 | 27,763 |
| Cash Held in Escrows | 3 | 1,146 |
| Accounts Receivable - Tenants, net | 77,749 | 65,841 |
| Lease Intangibles, net of accumulated amortization of $335,073 and $263,011 at September 30, 2023 and December 31, 2022, respectively | 849,191 | 799,448 |
| Other Assets, net | 96,269 | 77,923 |
| Total Assets | 7,647,106 | 6,713,189 |
| LIABILITIES | ||
| Mortgage Notes Payable, net | 42,952 | 47,971 |
| Unsecured Term Loan, net | 346,639 | |
| Senior Unsecured Notes, net | 1,793,777 | 1,792,047 |
| Unsecured Revolving Credit Facility | 49,000 | 100,000 |
| Dividends and Distributions Payable | 25,131 | 22,345 |
| Accounts Payable, Accrued Expenses, and Other Liabilities | 106,755 | 83,722 |
| Lease Intangibles, net of accumulated amortization of $40,667 and $35,992 at September 30, 2023 and December 31, 2022, respectively | 37,458 | 36,714 |
| Total Liabilities | 2,401,712 | 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 September 30, 2023 and December 31, 2022 | 175,000 | 175,000 |
| Common stock, $.0001 par value, 180,000,000 shares authorized, 100,519,717 and 90,173,424 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively | 10 | 9 |
| Additional paid-in-capital | 5,352,063 | 4,658,570 |
| Dividends in excess of net income | (316,083) | (228,132) |
| Accumulated other comprehensive income (loss) | 33,291 | 23,551 |
| Total Equity - Agree Realty Corporation | 5,244,281 | 4,628,998 |
| Non-controlling interest | 1,113 | 1,392 |
| Total Equity | 5,245,394 | 4,630,390 |
| Total Liabilities and Equity | $ 7,647,106 | $ 6,713,189 |
| CEO | Mr. Joel N. Agree |
|---|---|
| WEBSITE | www.agreerealty.com |
| EMPLOYEES | 76 |