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Agree Realty Corp Stock Research

ADC

64.59USD+0.40(+0.62%)Market Closed

Market Summary

USD64.59+0.40
Market Closed
0.62%

ADC Alerts

ADC Stock Price

ADC RSI Chart

ADC Valuation

Market Cap

6.0B

Price/Earnings (Trailing)

38.08

Price/Sales (Trailing)

13.14

Price/Free Cashflow

15.25

ADC Price/Sales (Trailing)

ADC Profitability

Return on Equity

3.29%

Return on Assets

2.27%

Free Cashflow Yield

6.56%

ADC Fundamentals

ADC Revenue

Revenue (TTM)

458.1M

Revenue Y/Y

28.75%

Revenue Q/Q

8.66%

ADC Earnings

Earnings (TTM)

158.1M

Earnings Y/Y

14.67%

Earnings Q/Q

1.68%

Price Action

52 Week Range

63.1179.64
(Low)(High)

Last 7 days

-2.0%

Last 30 days

-2.2%

Last 90 days

-9.8%

Trailing 12 Months

-3.6%

ADC Financial Health

Debt/Equity

0.47

Debt/Cashflow

0.15

ADC Investor Care

Shares Dilution (1Y)

23.98%

Diluted EPS (TTM)

1.79

Peers (Alternatives to Agree Realty)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
50.3B
4.3B
-0.67% -7.84%
11.56
11.69
18.80% 113.99%
28.8B
4.9B
1.25% -24.57%
77.2
5.88
9.82% -73.28%
22.6B
2.0B
-1.01% -20.50%
24.61
11.43
-20.93% -31.79%
19.1B
2.7B
-6.88% -30.41%
25.48
7.14
18.91% 81.13%
13.2B
1.7B
-4.07% -25.83%
104.43
7.61
15.49% -81.09%
MID-CAP
7.1B
1.1B
-8.04% -21.25%
18.25
6.51
10.19% 46.60%
4.3B
814.4M
-2.26% -4.29%
465.69
5.23
63.41% 107.43%
2.6B
1.8B
-10.72% -60.29%
-6.95
1.42
9.23% -286.27%
2.0B
857.9M
-0.32% -17.87%
-23.05
2.35
-1.75% -315.36%
SMALL-CAP
2.1B
421.5M
12.31% 19.76%
23.93
5.05
1.34% 437.34%
1.4B
862.4M
-3.29% -61.71%
-11.46
1.67
7.01% -127.00%
1.2B
184.6M
6.32% 29.74%
12.67
6.33
2.55% 1950.56%
923.1M
745.2M
2.66% -52.44%
-24.26
1.24
2.17% -183.81%

Financials for Agree Realty

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue6.6%458430405382360
  S&GA Expenses4.0%31.0030.0029.0028.0026.00
Costs and Expenses7.6%233217204189176
Interest Expenses6.4%68.0063.0060.0056.0053.00
Net Income3.7%158152145142129
Net Income Margin-1.0%0.35*0.36*0.37*0.36*-
Free Cahsflow10.0%362329278262-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets4.1%6,9866,7136,5566,0385,639
    Cash Equivalents-53.4%13.0028.0025026.0025.00
Liabilities5.1%2,1892,0832,0072,0641,963
  Long Term Debt-1,854----
Shareholder's Equity3.6%4,7984,6294,5473,9743,676
  Additional Paid-In Capital4.2%4,8534,6594,5513,9493,647
Shares Outstanding3.4%93.0090.0089.0080.0075.00
Minority Interest-6.6%1.001.002.002.002.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations9.0%395362329278262
  Share Based Compensation3.0%7.006.006.005.005.00
Cashflow From Investing6.7%-1,508-1,615-1,500-1,473-1,438
Cashflow From Financing-11.1%1,1011,2381,3201,0331,195
  Dividend Payments7.5%237220204193182
  Buy Backs45.1%3.002.002.002.002.00

Risks for ADC

What is the probability of a big loss on ADC?

19.6%


Probability that Agree Realty stock will be more than 20% underwater in next one year

19.2%


Probability that Agree Realty stock will be more than 30% underwater in next one year.

0%


Probability that Agree Realty stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ADC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Agree Realty was unfortunately bought at previous high price.

Drawdowns

Returns for ADC

Cumulative Returns on ADC

11.5%


10-Year Cumulative Returns

10.2%


7-Year Cumulative Returns

8.1%


5-Year Cumulative Returns

3.3%


3-Year Cumulative Returns

What are the long-term rolling returns for ADC?

FIve years rolling returns for Agree Realty.

Annualized Returns

Which funds bought or sold ADC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
Front Row Advisors LLC
reduced
-3.45
-
6,000
-%
2023-05-23
Brookfield Corp /ON/
reduced
-14.11
-10,352,300
50,817,000
0.20%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-49.84
-16,762,100
15,991,900
-%
2023-05-19
Coppell Advisory Solutions LLC
sold off
-100
-70,930
-
-%
2023-05-18
Harvest Portfolios Group Inc.
reduced
-5.17
-36,875
408,778
0.02%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-25.7
-1,219,000
3,115,000
-%
2023-05-18
JPMORGAN CHASE & CO
added
33.56
24,683,000
109,230,000
0.01%
2023-05-17
VIRGINIA RETIREMENT SYSTEMS ET AL
added
404
5,367,540
6,617,770
0.07%
2023-05-17
Advisory Services Network, LLC
reduced
-2.66
-8,563
137,837
-%
2023-05-17
Thrivent Financial for Lutherans
reduced
-2.99
-4,712,000
71,706,000
0.17%

1–10 of 48

Latest Funds Activity

Are funds buying ADC calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own ADC
No. of Funds

Agree Realty News

MarketBeat
Agree Realty Co. (NYSE:ADC) CAO Stephen Breslin Purchases 375 ....
MarketBeat,
17 hours ago
The Motley Fool
The Motley Fool

Schedule 13G FIlings of Agree Realty

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Jan 27, 2022
blackrock inc.
19.2%
13,667,653
SC 13G/A

ADC Fair Value

Agree Realty fair value in different scenarios

The table shows the Fair Value estimates for Agree Realty for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

73.59

13.93%

92.77

43.63%

154.35

138.97%

211.43

227.34%

255.53

295.62%
Current Inflation

67.57

4.61%

83.76

29.68%

135.60

109.94%

182.83

183.06%

219.27

239.48%
Very High Inflation

60.25

-6.72%

72.99

13.01%

113.80

76.19%

150.09

132.37%

178.09

175.72%

Historical Agree Realty Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Agree Realty

View All Filings
Date Filed Form Type Document
May 26, 2023
4
Insider Trading
May 24, 2023
4
Insider Trading
May 18, 2023
4
Insider Trading
May 18, 2023
4
Insider Trading
May 15, 2023
4
Insider Trading
May 15, 2023
4
Insider Trading
May 11, 2023
8-K
Current Report
May 10, 2023
4
Insider Trading
May 05, 2023
424B5
Prospectus Filed
May 05, 2023
8-K
Current Report

Latest Insider Trading transactions for ADC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-24
Agree Joey
bought
324,550
64.91
5,000
president & ceo
2023-05-17
Erlich Craig
bought
98,250
65.5
1,500
chief operating officer
2023-05-17
Agree Joey
bought
326,750
65.35
5,000
president & ceo
2023-05-12
Agree Joey
bought
331,800
66.36
5,000
president & ceo
2023-05-11
RAKOLTA JOHN JR
bought
498,375
66.45
7,500
-
2023-05-08
RAKOLTA JOHN JR
bought
712,086
67.85
10,495
-
2023-02-23
Erlich Craig
acquired
-
-
6,142
chief operating officer
2023-02-23
Frankel Merrie S.
acquired
-
-
1,501
-
2023-02-23
Agree Joey
sold (taxes)
-1,914,690
73.27
-26,132
president & ceo
2023-02-23
Spehar Danielle M
sold (taxes)
-63,158
73.27
-862
general counsel

1–10 of 50

Joel N. Agree
60
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".

ADC Income Statement

2023-03-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues  
Rental income$ 126,609$ 98,312
Other930
Total Revenues126,61898,342
Operating Expenses  
Real estate taxes9,4327,611
Property operating expenses6,7824,477
Land lease expense430402
General and administrative8,8217,622
Depreciation and amortization40,64628,561
Provision for impairment01,015
Total Operating Expenses66,11149,688
Gain (loss) on sale of assets, net02,310
Gain (loss) on involuntary conversion, net0(25)
Income from Operations60,50750,939
Other (Expense) Income  
Interest expense, net(17,998)(13,931)
Income tax (expense) benefit(783)(719)
Other (expense) income480
Net Income41,77436,289
Less net income attributable to non-controlling interest160176
Net income attributable to Agree Realty Corporation41,61436,113
Less Series A preferred stock dividends1,8591,859
Net Income Attributable to Common Stockholders$ 39,755$ 34,254
Net Income Per Share Attributable to Common Stockholders  
Basic$ 0.44$ 0.48
Diluted$ 0.44$ 0.48
Other Comprehensive Income  
Net income$ 41,774$ 36,289
Amortization of interest rate swaps(629)82
Change in fair value and settlement of interest rate swaps020,581
Total comprehensive income (loss)41,14556,952
Less comprehensive income (loss) attributable to non-controlling interest158276
Comprehensive Income (Loss) Attributable to Agree Realty Corporation$ 40,987$ 56,676
Weighted Average Number of Common Shares Outstanding - Basic90,028,25571,228,930
Weighted Average Number of Common Shares Outstanding - Diluted90,548,17271,336,103

ADC Balance Sheet

2023-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Real Estate Investments  
Land$ 2,005,606$ 1,941,599
Buildings4,281,1644,054,679
Less accumulated depreciation(347,778)(321,142)
Real estate investments excluding property under development5,938,9925,675,136
Property under development73,12365,932
Net Real Estate Investments6,012,1155,741,068
Cash and Cash Equivalents11,80927,763
Cash Held in Escrows1,1311,146
Accounts Receivable - Tenants, net71,08965,841
Lease Intangibles, net of accumulated amortization of $286,748 and $263,011 at March 31, 2023 and December 31, 2022, respectively803,654799,448
Other Assets, net86,62977,923
Total Assets6,986,4276,713,189
LIABILITIES  
Mortgage Notes Payable, net47,84247,971
Senior Unsecured Notes, net1,792,6111,792,047
Unsecured Revolving Credit Facility196,000100,000
Dividends and Distributions Payable23,07122,345
Accounts Payable, Accrued Expenses, and Other Liabilities92,73383,722
Lease Intangibles, net of accumulated amortization of $37,494 and $35,992 at March 31, 2023 and December 31, 2022, respectively36,32636,714
Total Liabilities2,188,5832,082,799
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 March 31, 2023 and December 31, 2022175,000175,000
Common stock, $.0001 par value, 180,000,000 shares authorized, 93,198,079 and 90,173,424 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively99
Additional paid-in-capital4,852,9274,658,570
Dividends in excess of net income(254,316)(228,132)
Accumulated other comprehensive income (loss)22,92423,551
Total Equity - Agree Realty Corporation4,796,5444,628,998
Non-controlling interest1,3001,392
Total Equity4,797,8444,630,390
Total Liabilities and Equity$ 6,986,427$ 6,713,189