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ADC

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

60.54USD+0.18 (+0.30%)Delayed

Market Summary

ADC
USD60.54+0.18
Delayed
0.30%

ADC Stock Price

View Fullscreen

ADC RSI Chart

ADC Valuation

Market Cap

6.1B

Price/Earnings (Trailing)

35.16

Price/Sales (Trailing)

10.87

Price/Free Cashflow

15.21

ADC Price/Sales (Trailing)

ADC Profitability

Return on Equity

3.35%

Return on Assets

2.2%

Free Cashflow Yield

6.58%

ADC Fundamentals

ADC Revenue

Revenue (TTM)

560.3M

Rev. Growth (Yr)

18.03%

Rev. Growth (Qtr)

3.67%

ADC Earnings

Earnings (TTM)

173.3M

Earnings Growth (Yr)

7.8%

Earnings Growth (Qtr)

-2.23%

Breaking Down ADC Revenue

Last 7 days

0.7%

Last 30 days

9.7%

Last 90 days

6.2%

Trailing 12 Months

-8.4%

How does ADC drawdown profile look like?

ADC Financial Health

ADC Investor Care

Dividend Yield

4.82%

Dividend/Share (TTM)

2.92

Shares Dilution (1Y)

7.97%

Diluted EPS (TTM)

1.7

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024560.3M000
2023458.1M483.1M509.9M537.5M
2022359.8M382.2M404.7M429.8M
2021270.6M295.6M319.3M339.3M
2020200.9M213.6M229.3M248.6M
2019147.0M158.8M172.8M187.5M
2018122.4M127.5M131.2M137.1M
201797.9M104.1M110.3M116.6M
201674.4M79.1M85.4M91.5M
201556.7M61.0M65.1M70.0M
201446.2M48.5M51.0M53.6M
201336.5M38.7M41.1M43.5M
201229.8M29.3M31.7M34.6M
2011028.4M29.3M30.3M
2010028.2M27.8M27.4M
200900028.7M
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Tracking the Latest Insider Buys and Sells of Agree Realty Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

1–10 of 50

Which funds bought or sold ADC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 16, 2024
JANE STREET GROUP, LLC
reduced
-40.41
-611,583
719,998
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-1.77
-699,608
5,737,530
0.01%
May 16, 2024
Wiser Advisor Group LLC
added
0.93
-2,186
24,795
0.04%
May 15, 2024
Engineers Gate Manager LP
new
-
1,111,960
1,111,960
0.03%
May 15, 2024
Brevan Howard Capital Management LP
added
3.19
-85,832
1,262,810
0.01%
May 15, 2024
Utah Retirement Systems
unchanged
-
-32,065
314,160
-%
May 15, 2024
Uniplan Investment Counsel, Inc.
reduced
-3.75
-1,621,000
10,490,000
0.82%
May 15, 2024
ALGERT GLOBAL LLC
sold off
-100
-1,024,000
-
-%
May 15, 2024
Long Pond Capital, LP
added
489
133,239,000
163,857,000
9.38%
May 15, 2024
MARSHALL WACE, LLP
reduced
-41.18
-8,348,910
9,555,830
0.01%

1–10 of 48

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 FiledName of FilerPercent of ClassNo. of SharesForm 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 13, 2024
8-K
Current Report
May 08, 2024
424B5
Prospectus Filed
May 08, 2024
8-K
Current Report
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

Peers (Alternatives to Agree Realty Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
90.9B
11.2B
13.13% 1.87%
46.04
8.11
3.63% 50.79%
44.7B
6.8B
10.57% -9.74%
32.06
6.53
-2.39% -16.60%
28.3B
2.8B
9.91% 13.04%
29.6
10.08
5.72% -6.47%
21.7B
3.0B
6.63% 6.21%
110.61
7.35
10.44% -73.79%
13.5B
-
6.12% 9.11%
31.9
8.3
8.93% 11.87%
11.3B
1.4B
6.30% 4.57%
30.12
8.22
10.48% -2.93%
9.9B
3.3B
9.08% 28.09%
51.64
3
4.82% -75.15%
MID-CAP
8.5B
1.2B
5.40% 14.57%
35.59
7.38
5.48% -38.69%
3.4B
892.3M
6.62% 140.10%
-6.71
3.85
-5.33% -307.54%
3.4B
878.0M
1.11% 67.10%
-9.8
3.82
2.35% -290.60%
SMALL-CAP
1.4B
444.1M
12.17% 21.82%
20.36
3.15
3.54% 8.91%
1.2B
198.2M
6.70% -0.84%
-7.55
6.02
-43.33% -308.08%
1.1B
650.2M
7.51% 2.13%
36.77
1.73
27.93% 140.31%
572.0M
285.4M
-8.06% -36.92%
-4.15
2
11.05% 83.70%
459.4M
277.2M
15.74% -12.95%
-56.03
1.66
25.89% 94.64%

Agree Realty Corp News

Latest updates
Defense World22 hours ago
The Globe and Mail12 May 202410:25 am
PR Newswire23 Apr 202407:00 am
PR Newswire08 Apr 202407:00 am

Agree Realty Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue3.7%14914413713012711711010598.0091.0088.0083.0078.0071.0064.0058.0056.0052.0048.0045.0042.00
Costs and Expenses5.8%81.0077.0074.0069.0066.0059.0056.0053.0050.0046.0041.0039.0038.0036.0033.0028.0026.0024.0021.0021.0020.00
  S&GA Expenses9.3%10.009.009.008.009.008.007.008.008.007.006.006.007.007.005.005.005.004.004.004.004.00
Interest Expenses9.3%24.0022.0021.0020.0018.0017.0017.0016.0014.0013.0013.0013.0012.0012.0010.008.0010.0010.008.007.008.00
Income Taxes62.2%1.001.001.001.001.001.001.001.001.001.000.001.001.000.000.000.000.000.000.000.00-0.17
Net Income-2.2%45.0046.0042.0041.0042.0041.0039.0036.0036.0033.0037.0022.0030.0023.0021.0025.0021.0023.0021.0019.0019.00
Net Income Margin-2.2%0.31*0.32*0.32*0.34*0.35*0.36*0.36*0.37*0.36*------------
Free Cashflow5.2%10398.0011090.0094.0093.0011989.0061.00------------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets1.2%7,8697,7757,6477,2726,9866,7136,5566,0385,6395,2274,9984,7654,2783,8863,5483,1122,9092,6652,5232,3042,150
    Cash Equivalents-42.1%6.0011.006.008.0013.0029.0025227.0026.0045.001031887.008.0016.0036.0092.0042.0011.0022.0025.00
Liabilities4.4%2,6892,5752,4022,2942,1892,0832,0072,0641,9631,8081,6561,6441,4791,3601,2829261,1529731,033837861
Shareholder's Equity-0.4%5,1795,1995,2444,9784,7984,6304,5493,9743,6763,4193,3423,1202,8002,5262,2652,1861,7571,6921,4901,4681,289
  Additional Paid-In Capital0.0%5,3545,3545,3525,0604,8534,6594,5513,9493,6473,3963,3003,2482,9102,6522,3842,2951,8571,7531,5561,5231,335
Shares Outstanding0.1%10110110196.0090.0090.0075.0075.0071.0067.0066.0064.00---------
Minority Interest-6.8%1.001.001.001.001.001.002.002.002.002.002.002.002.002.002.002.002.002.002.002.002.00
Float----6,195---5,759---4,857---3,539---2,688-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations5.2%103,14298,010109,86089,55794,17193,176118,85688,62261,46760,34868,02172,15145,79552,10123,07639,08328,69638,16430,94434,09223,507
  Share Based Compensation12.4%2,4252,1582,1722,1771,8311,5721,5141,7431,6351,3175071,4751,4991,2311,2331,2241,0141,0081,0341,025913
Cashflow From Investing34.2%-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%23,733101,424304,607242,016220,967116,653467,542295,478357,840199,512180,583456,702340,798305,744421,352167,692227,896112,528200,897129,05186,518
  Dividend Payments0.8%74,70574,08370,48167,91465,19863,24156,04552,24748,77147,16345,02341,15360,95732,31432,31026,67724,81124,15523,92221,34220,838
  Buy Backs18091.7%2,18312.0057.008.002,60725.0066.0076.001,7456.0027.00-1,7804.007.003.001,6276.004.00-1,398
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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
Other319
Total Revenues149,453126,618
Operating Expenses  
Real estate taxes10,7019,432
Property operating expenses7,3736,782
Land lease expense415430
General and administrative9,5158,821
Depreciation and amortization48,46340,646
Provision for impairment4,5300
Total Operating Expenses80,99766,111
Gain on sale of assets, net2,0960
Loss on involuntary conversion, net(55)0
Income from Operations70,49760,507
Other (Expense) Income  
Interest expense, net(24,451)(17,998)
Income and other tax expense(1,149)(783)
Other income11748
Net Income45,01441,774
Less net income attributable to non-controlling interest155160
Net income attributable to Agree Realty Corporation44,85941,614
Less Series A preferred stock dividends1,8591,859
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 swaps11,5430
Total comprehensive income55,92841,145
Less comprehensive income attributable to non-controlling interest193158
Comprehensive Income Attributable to Agree Realty Corporation$ 55,735$ 40,987
Weighted Average Number of Common Shares Outstanding - Basic100,284,58890,028,255
Weighted Average Number of Common Shares Outstanding - Diluted100,336,60090,548,172

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
Buildings4,937,8784,861,692
Less accumulated depreciation(463,827)(433,958)
Real estate investments excluding property under development6,779,3646,710,088
Property under development42,10933,232
Net Real Estate Investments6,821,4736,743,320
Real Estate Held for Sale, net5,4163,642
Cash and Cash Equivalents6,31410,907
Cash Held in Escrows9,1203,617
Accounts Receivable - Tenants, net91,30182,954
Lease Intangibles, net of accumulated amortization of $383,456 and $360,061 at March 31, 2024 and December 31, 2023, respectively840,984854,088
Other Assets, net94,05776,308
Total Assets7,868,6657,774,836
LIABILITIES  
Mortgage Notes Payable, net42,66642,811
Unsecured Term Loan, net346,947346,798
Senior Unsecured Notes, net1,794,8741,794,312
Unsecured Revolving Credit Facility330,000227,000
Dividends and Distributions Payable25,56125,534
Accounts Payable, Accrued Expenses, and Other Liabilities112,385101,401
Lease Intangibles, net of accumulated amortization of $42,684 and $42,813 at March 31, 2024 and December 31, 2023, respectively36,75736,827
Total Liabilities2,689,1902,574,683
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, 2023175,000175,000
Common stock, $.0001 par value, 180,000,000 shares authorized, 100,628,975 and 100,519,355 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively1010
Additional paid-in-capital5,354,3625,354,120
Dividends in excess of net income(378,205)(346,473)
Accumulated other comprehensive income27,43016,554
Total Equity - Agree Realty Corporation5,178,5975,199,211
Non-controlling interest878942
Total Equity5,179,4755,200,153
Total Liabilities and Equity$ 7,868,665$ 7,774,836
ADC
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
 WEBSITEagreerealty.com
 INDUSTRYREIT Mortgage
 EMPLOYEES76

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 Fri May 17 2024, market cap of Agree Realty Corp is 6.09 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 Fri May 17 2024, ADC's PE ratio (Price to Earnings) is 35.16 and Price to Sales (PS) ratio is 10.87. 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 0.116 (multiply by 100 for percentage) rate of return.