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ADC

Agree Realty Corp

ADC

60.79USD-0.09 (-0.15%)Delayed as of 07 Dec 2023, 11:22 am
Watchlist

Market Summary

USD60.79-0.09
Delayedas of 07 Dec 2023, 11:22 am
-0.15%

ADC Stock Price

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ADC RSI Chart

ADC Valuation

Market Cap

6.1B

Price/Earnings (Trailing)

37.07

Price/Sales (Trailing)

12

Price/Free Cashflow

15.82

ADC Price/Sales (Trailing)

ADC Profitability

Return on Equity

3.15%

Return on Assets

2.16%

Free Cashflow Yield

6.32%

ADC Fundamentals

ADC Revenue

Revenue (TTM)

509.9M

Revenue Y/Y

24.3%

Revenue Q/Q

5.32%

ADC Earnings

Earnings (TTM)

165.1M

Earnings Y/Y

5.32%

Earnings Q/Q

1.24%

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

ADC Investor Care

Shares Dilution (1Y)

26.12%

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
YearQ1Q2Q3Q4
2023458.1M483.1M509.9M0
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
201128.1M28.8M29.6M30.3M
201028.3M28.0M27.7M27.4M
200900028.7M

Latest Insider Trading transactions for ADC

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

1–10 of 50

Which funds bought or sold ADC recently?

View All Details
Datesorted ascendingFund NameType% 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
-%

1–10 of 46

Latest Funds Activity

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

Schedule 13G FIlings of Agree Realty Corp

Date FiledName of FilerPercent of ClassNo. of SharesForm 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
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
98.2B
11.1B
12.88% -0.83%
154.18
8.88
5.85% -77.77%
50.8B
7.1B
20.58% -12.70%
32.75
7.19
2.84% -3.84%
24.9B
2.7B
3.53% 4.91%
26.8
9.1
8.23% -24.59%
20.0B
2.8B
20.33% -16.83%
26.64
7.46
12.15% -54.56%
12.7B
-
-0.26% 10.49%
30.26
7.71
-74.13% 64.54%
MID-CAP
10.0B
1.3B
4.15% -2.48%
20.64
8.14
5.88% -18.75%
9.9B
3.2B
10.28% -3.15%
54.49
3.07
6.05% -80.01%
8.1B
1.1B
5.19% -7.19%
28.02
7.22
6.86% -24.99%
2.8B
873.6M
20.91% 3.15%
-8.23
3.15
1.54% -294.39%
2.7B
674.9M
20.30% 25.00%
-5.7
3.99
9.26% -627.28%
SMALL-CAP
1.3B
-
7.56% -19.96%
20.22
2.65
3.89% 17.90%
1.1B
578.6M
9.99% -0.64%
-382.89
1.9
29.91% 98.52%
1.0B
339.3M
15.61% -11.79%
-5.71
2.79
88.48% -168.70%
811.6M
242.8M
13.29% -14.22%
-6.33
3.34
-1.99% 43.00%
394.0M
274.5M
3.70% -36.24%
-59.72
1.44
54.00% 98.69%

Agree Realty Corp News

Latest updates
Knox Daily05 Dec 202306:56 pm45 hours ago
Nasdaq27 Nov 202304:07 pm10 days ago
Dividend Investor10 Nov 202301:17 am27 days ago
The Advocate24 Oct 202309:10 pm43 days ago
Crain's Detroit Business18 Oct 202307:00 am50 days ago
Seeking Alpha18 Oct 202307:00 am50 days ago
Nasdaq26 Sep 202307:00 am2 months ago
Insider Monkey25 Sep 202307:00 am2 months ago
Nasdaq21 Sep 202307:00 am2 months ago
Nasdaq06 Sep 202307:00 am3 months ago
Yahoo Finance23 Aug 202307:00 am3 months ago
Yahoo Finance15 Aug 202307:00 am3 months ago
TipRanks11 Aug 202307:00 am3 months ago
Yahoo Finance04 Aug 202307:00 am4 months ago

Financials for Agree Realty Corp

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue5.3%13713012711711010598.0091.0088.0083.0078.0071.0064.0058.0056.0052.0048.0045.0042.0037.0034.00
Costs and Expenses7.5%74.0069.0066.0059.0056.0053.0050.0046.0041.0039.0038.0036.0033.0028.0026.0024.0021.0021.0020.0018.0016.00
  S&GA Expenses5.0%9.008.009.008.007.008.008.007.006.006.007.007.005.005.005.004.004.004.004.003.003.00
Interest Expenses4.3%21.0020.0018.0017.0017.0016.0014.0013.0013.0013.0012.0012.0010.008.0010.0010.008.007.008.007.007.00
Income Taxes1.3%1.001.001.001.001.001.001.001.000.000.001.000.000.000.000.000.000.000.00-0.170.000.00
Net Income1.2%42.0041.0042.0041.0039.0036.0036.0033.0037.0022.0030.0023.0021.0025.0021.0023.0021.0019.0019.0013.0016.00
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 Cashflow22.7%11090.0094.0093.0011989.0061.0060.0068.0072.00-342-275-152-136-147------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets5.2%7,6477,2726,9866,7136,5566,0385,6395,2274,9984,7654,2783,8863,5483,1122,9092,6652,5232,3042,1502,0281,749
    Cash Equivalents-20.9%6.008.0012.0028.0025227.0026.0045.001031887.008.0016.0036.0092.0042.0011.0022.0025.0054.0018.00
  Net PPE--------------------1,6481,417
Liabilities4.7%2,4022,2942,1892,0832,0072,0641,9631,8081,6561,6441,4791,3601,2829261,1529731,033837861790680
Shareholder's Equity5.3%5,2444,9784,7984,6294,5493,9743,6763,4193,3423,1202,8002,5262,2652,1861,7571,6921,4901,4681,2891,2381,068
  Additional Paid-In Capital5.8%5,3525,0604,8534,6594,5513,9493,6473,3963,3003,2482,9102,6522,3842,2951,8571,7531,5561,5231,3351,2781,097
Shares Outstanding4.4%10196.0093.0090.0080.0075.0071.0071.0069.0065.0063.0060.0054.0053.0045.0046.0042.0041.0037.0038.0032.00
Minority Interest-7.6%1.001.001.001.002.002.002.002.002.002.002.002.002.002.002.002.002.002.002.002.003.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations22.7%109,86089,55794,17193,176118,85688,62261,46760,34868,02172,15145,79552,10123,07639,08328,69638,16430,94434,09223,50728,99527,214
  Share Based Compensation-0.2%2,1722,1771,8311,5721,5141,7431,6351,3175071,4751,4991,2311,2331,2241,0141,0081,0341,025913777883
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 Financing25.9%304,607242,016220,967116,653467,542295,478357,840199,512180,583456,702340,798305,744421,352167,692227,896112,528200,897129,05186,518264,222114,624
  Dividend Payments3.8%70,48167,91465,19863,24156,04552,24748,77147,16345,02341,15360,95732,31432,31026,67724,81124,15523,92221,34220,83818,62016,758
  Buy Backs612.5%57.008.002,60725.0066.0076.001,7456.0027.00-1,7804.007.003.001,6276.004.00-1,3983.0068.00

ADC Income Statement

2023-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended9 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
Other383471147
Total Revenues136,812110,065393,330313,283
Operating Expenses    
Real estate taxes10,1248,52629,42924,117
Property operating expenses5,5184,55718,12013,575
Land lease expense4114041,2521,213
General and administrative8,8446,99226,08722,265
Depreciation and amortization45,62535,157129,02095,666
Provision for impairment3,19504,5101,015
Total Operating Expenses73,71755,636208,418157,851
Gain (loss) on sale of assets, net(20)3,0002995,326
Gain (loss) on involuntary conversion, net0(115) (165)
Income from Operations63,07557,314185,211160,593
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) income94132184132
Net Income41,65739,577124,446111,996
Less net income attributable to non-controlling interest135152442485
Net income attributable to Agree Realty Corporation41,52239,425124,004111,511
Less Series A preferred stock dividends1,8591,8595,5785,578
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 swaps8,324(7,181)11,66429,881
Total comprehensive income (loss)49,35032,123134,221141,768
Less comprehensive income (loss) attributable to non-controlling interest162121477630
Comprehensive Income (Loss) Attributable to Agree Realty Corporation$ 49,188$ 32,002$ 133,744$ 141,138
Weighted Average Number of Common Shares Outstanding - Basic97,255,14379,701,13693,474,18275,361,583
Weighted Average Number of Common Shares Outstanding - Diluted97,349,47380,589,44693,732,35975,890,692

ADC Balance Sheet

2023-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Real Estate Investments  
Land$ 2,231,535$ 1,941,599
Buildings4,750,1604,054,679
Less accumulated depreciation(403,501)(321,142)
Real estate investments excluding property under development6,578,1945,675,136
Property under development36,11465,932
Net Real Estate Investments6,614,3085,741,068
Real Estate Held for Sale, net3,202 
Cash and Cash Equivalents6,38427,763
Cash Held in Escrows31,146
Accounts Receivable - Tenants, net77,74965,841
Lease Intangibles, net of accumulated amortization of $335,073 and $263,011 at September 30, 2023 and December 31, 2022, respectively849,191799,448
Other Assets, net96,26977,923
Total Assets7,647,1066,713,189
LIABILITIES  
Mortgage Notes Payable, net42,95247,971
Unsecured Term Loan, net346,639 
Senior Unsecured Notes, net1,793,7771,792,047
Unsecured Revolving Credit Facility49,000100,000
Dividends and Distributions Payable25,13122,345
Accounts Payable, Accrued Expenses, and Other Liabilities106,75583,722
Lease Intangibles, net of accumulated amortization of $40,667 and $35,992 at September 30, 2023 and December 31, 2022, respectively37,45836,714
Total Liabilities2,401,7122,082,799
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, 2022175,000175,000
Common stock, $.0001 par value, 180,000,000 shares authorized, 100,519,717 and 90,173,424 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively109
Additional paid-in-capital5,352,0634,658,570
Dividends in excess of net income(316,083)(228,132)
Accumulated other comprehensive income (loss)33,29123,551
Total Equity - Agree Realty Corporation5,244,2814,628,998
Non-controlling interest1,1131,392
Total Equity5,245,3944,630,390
Total Liabilities and Equity$ 7,647,106$ 6,713,189
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
 WEBSITEwww.agreerealty.com
 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 Wed Dec 06 2023, market cap of Agree Realty Corp is 6.12 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. 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 Wed Dec 06 2023, ADC's PE ratio (Price to Earnings) is 37.07 and Price to Sales (PS) ratio is 12. 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 0.124 (multiply by 100 for percentage) rate of return.