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ADC

70.47USD+0.16(+0.23%)Market Closed

Agree Realty Corp

Market Summary

USD70.47+0.16Market Closed
0.23%

ADC Alerts

ADC Stock Price

RSI Chart

Valuation

Market Cap

5.5B

Price/Earnings

38.45

Price/Sales

14.28

Price/Cashflow

19.6

Price/Sales

Profitability

Return on Equity

3.57%

Return on Assets

2.35%

Fundamentals

Revenue

Revenue (TTM)

404.7M

Revenue Y/Y

25.74%

Revenue Q/Q

4.95%

Earnings

Earnings (TTM)

144.7M

Earnings Y/Y

7.53%

Earnings Q/Q

9.6%

Price Action

52 Week Range

59.8079.64
(Low)(High)

Last 7 days

0.7%

Last 30 days

5.9%

Last 90 days

-7.6%

Trailing 12 Months

4.6%

Financial Health

Debt/Equity

0.47

Debt/Cashflow

0.15

Investor Care

Dividend Yield

2.43%

Dividend/Share (TTM)

1.6

Shares Dilution (1Y)

26.93%

Diluted EPS (TTM)

1.83

Peers (Alternatives to Agree Realty)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.7B
4.0B
0.18% -5.58%
24.01
14.3
23.61% 170.44%
36.1B
5.2B
14.38% -25.80%
14.04
7.05
10.93% 41.97%
29.1B
4.6B
10.97% -31.33%
21.77
6.46
4.35% 106.20%
23.9B
2.5B
10.01% -24.70%
44.1
9.58
24.72% -42.18%
23.7B
2.7B
-0.49% -25.34%
20.74
8.86
10.21% 8.14%
13.1B
1.7B
10.83% -4.54%
50.71
7.62
41.60% -73.28%
MID-CAP
7.3B
1.0B
15.16% -12.90%
26.1
7.17
16.50% 74.49%
4.6B
392.5M
9.84% -39.00%
22.95
13.26
-74.80% 441.99%
4.3B
760.3M
18.80% 3.41%
-39.09
6.74
172.75% -1136.68%
2.5B
796.4M
5.73% -40.72%
8.02
3.21
-9.94% -109.68%
2.4B
860.3M
29.40% -33.33%
63.8
2.74
5.87% 46.68%
2.1B
187.6M
0.33% 22.89%
32.23
11.01
10.33% 2884.17%
SMALL-CAP
1.9B
432.4M
11.69% -7.50%
23.11
4.36
3.91% 1705.32%
1.5B
740.6M
-4.66% -28.04%
538.82
1.96
2.16% 107.41%
1.2B
-
7.32% 2.24%
5
3.44
120.87% 1462.96%

Financials for Agree Realty

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue5.9%405382360339319
  S&GA Expenses5.4%28262526
Net Income1.9%145142128122113
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets8.6%6,5566,0385,6395,2274,998
    Cash Equivalents857.5%25226254392
Liabilities-2.7%2,0072,0641,9631,8081,656
  Long Term Debt9.5%1,8541,6941,534--
Shareholder's Equity14.5%4,5493,9733,6743,4183,340
  Additional Paid-In Capital15.3%4,5513,9493,6473,3963,300
Shares Outstanding10.9%8980757170
Minority Interest-7.4%22222
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations18.3%329278262246238
  Share Based Compensation19.4%65555
Cashflow From Investing-1.9%-1,500.96-1,473.14-1,438.23-1,386.61-1,435.32
Cashflow From Financing27.8%1,3201,0331,1951,1781,284
  Dividend Payments6.1%193182194179
  Buy Backs2.1%22222

Risks

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.

Returns

Cumulative Returns on ADC

15.6%


10-Year Cumulative Returns

15.7%


7-Year Cumulative Returns

11.3%


5-Year Cumulative Returns

2.2%


3-Year Cumulative Returns

What are the long-term rolling returns for ADC?

FIve years rolling returns for Agree Realty.

Which funds bought or sold ADC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
3,281,000
3,281,000
0.04%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
ADDED
3.63
-194,000
6,477,000
0.01%
2022-11-21
Ninepoint Partners LP
REDUCED
-23.22
-78,000
200,000
0.03%
2022-11-21
FourThought Financial, LLC
ADDED
44.93
7,000
27,000
-%
2022-11-21
DEARBORN PARTNERS LLC
REDUCED
-0.46
-26,000
368,000
0.02%
2022-11-17
M&T Bank Corp
ADDED
0.24
200,000
2,200,000
0.01%
2022-11-16
Front Row Advisors LLC
NEW
-
5,000
5,000
-%
2022-11-16
Neo Ivy Capital Management
NEW
-
35,000
35,000
0.09%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
NEW
-
242,000
242,000
-%
2022-11-15
CASTLEARK MANAGEMENT LLC
REDUCED
-2.21
-418,000
4,566,000
0.25%

1–10 of 48

Latest Funds Activity

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

Agree Realty News

Best Stocks

Brokerages have given Agree Realty Co. (NYSE:ADC) a consensus recommendation of "Moderate Buy.".7 hours ago

ADC Fair Value

Recent SEC filings of Agree Realty

View All Filings
Date Filed Form Type Document
Nov 01, 2022
10-Q
Quarterly Report
Nov 01, 2022
8-K
Current Report
Oct 05, 2022
8-K
Current Report
Oct 03, 2022
8-K
Current Report
Sep 29, 2022
424B5
Prospectus Filed
Sep 02, 2022
424B5
Prospectus Filed
Sep 02, 2022
8-K
Current Report
Aug 23, 2022
4
Insider Trading
Aug 23, 2022
4
Insider Trading
Aug 22, 2022
8-K
Current Report

Latest Insider Trading transactions for ADC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-08-19
Witteveen Nicole
SOLD (Taxes)
-22,524
79.31
-284
EVP, PEOPLE & CULTURE
2022-08-19
Erlich Craig
SOLD (Taxes)
-31,406.8
79.31
-396
CHIEF OPERATING OFFICER
2022-08-13
Witteveen Nicole
SOLD (Taxes)
-4,185.41
78.97
-53
EVP, PEOPLE & CULTURE
2022-04-08
RAKOLTA JOHN JR
BOUGHT
14,503.2
68.09
213
-
2022-03-23
Agree Joey
BOUGHT
100,199
64.23
1,560
PRESIDENT & CEO
2022-03-22
Agree Joey
BOUGHT
111,988
64.03
1,749
PRESIDENT & CEO
2022-02-23
Erlich Craig
ACQUIRED
-
-
3,593
CHIEF OPERATING OFFICER
2022-02-23
Rossi Jerome R
ACQUIRED
59,990
29.8161
2,012
-
2022-02-23
Spehar Danielle M
ACQUIRED
-
-
2,395
GENERAL COUNSEL
2022-02-23
Judlowe Michael
ACQUIRED
36,820.6
13.6575
2,696
-

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

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues    
Rental income$ 110,031$ 87,469$ 313,136$ 247,722
Other3468147189
Total Revenues110,06587,537313,283247,911
Operating Expenses    
Real estate taxes8,5266,95724,11718,812
Property operating expenses4,5573,18913,5759,944
Land lease expense4044001,2131,135
General and administrative6,9925,68722,26518,806
Depreciation and amortization35,15724,48895,66669,164
Provision for impairment001,0150
Total Operating Expenses55,63640,721157,851117,861
Gain (loss) on sale of assets, net3,0003,4705,32613,182
Gain (loss) on involuntary conversion, net(115) (165)103
Income from Operations57,31450,286160,593143,335
Other (Expense) Income    
Interest expense, net(17,149)(13,066)(46,592)(37,267)
Income tax (expense) benefit(720)(390)(2,137)(1,884)
Loss on early extinguishment of term loans and settlement of related interest rate swaps   (14,614)
Other (expense) income132 132 
Net Income39,57736,830111,99689,570
Less net income attributable to non-controlling interest152167485447
Net income attributable to Agree Realty Corporation39,42536,663111,51189,123
Less Series A preferred stock dividends1,8592895,578289
Net Income Attributable to Common Stockholders$ 37,566$ 36,374$ 105,933$ 88,834
Net Income Per Share Attributable to Common Stockholders    
Basic$ 0.47$ 0.52$ 1.40$ 1.35
Diluted$ 0.46$ 0.52$ 1.39$ 1.34
Other Comprehensive Income    
Net income$ 39,577$ 36,830$ 111,996$ 89,570
Amortization of interest rate swaps(273)82(109)869
Change in fair value and settlement of interest rate swaps(7,181)3,30029,88130,676
Total comprehensive income (loss)32,12340,212141,768121,115
Less comprehensive income (loss) attributable to non-controlling interest121185630465
Comprehensive Income (Loss) Attributable to Agree Realty Corporation$ 32,002$ 40,027$ 141,138$ 120,650
Weighted Average Number of Common Shares Outstanding - Basic79,701,13669,102,50075,361,58365,623,720
Weighted Average Number of Common Shares Outstanding - Diluted80,589,44669,591,84875,890,69265,952,113

ADC Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Real Estate Investments  
Land$ 1,841,259$ 1,559,434
Buildings3,795,1813,034,391
Less accumulated depreciation(296,304)(233,862)
Real estate investments excluding property under development5,340,1364,359,963
Property under development50,6857,148
Net Real Estate Investments5,390,8214,367,111
Real Estate Held for Sale, net05,676
Cash and Cash Equivalents250,48743,252
Cash Held in Escrows1,0271,998
Accounts Receivable - Tenants, net68,69753,442
Lease Intangibles, net of accumulated amortization of $240,244 and $180,532 at September 30, 2022 and December 31, 2021, respectively763,458672,020
Other Assets, net81,61183,407
Total Assets6,556,1015,226,906
LIABILITIES  
Mortgage Notes Payable, net71,72132,429
Senior Unsecured Notes, net1,791,4921,495,200
Unsecured Revolving Credit Facility 160,000
Dividends and Distributions Payable21,42716,881
Accounts Payable, Accrued Expenses, and Other Liabilities85,63770,005
Lease Intangibles, net of accumulated amortization of $34,356 and $29,726 at September 30, 2022 and December 31, 2021, respectively37,11733,075
Total Liabilities2,007,3941,807,590
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, 2022 and December 31, 2021175,000175,000
Common stock, $.0001 par value, 180,000,000 shares authorized, 88,573,248 and 71,285,311 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively97
Additional paid-in-capital4,551,0813,395,549
Dividends in excess of net income(203,040)(147,366)
Accumulated other comprehensive income (loss)24,124(5,503)
Total Equity - Agree Realty Corporation4,547,1743,417,687
Non-controlling interest1,5331,629
Total Equity4,548,7073,419,316
Total Liabilities and Equity$ 6,556,101$ 5,226,906