Company Overview
Agree Realty Corporation is a publicly traded real estate investment trust. The Firm is Rethinking Retail through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of June 30, 2026, the Company owned and operated a portfolio of 2,825 properties, located in all 50 states and containing approximately 59.6 million square feet of gross leasable area. Agree Realty Corporation was incorporated in 1971 and is based in Royal Oak, United States.
Why Investors Should Care
Net profit has compounded at 18.0% per year over the last five years.
Revenue has grown at a 23.1% CAGR over the past five years.
Maintains a net profit margin of 28.8%.
Offers a dividend yield of 4.40%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $718.40M (+16.4% YoY); net profit $204.35M.
- Trailing 12 Months Year-on-year growth — revenue +16.8%, earnings +2.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 23.1%, profit CAGR 18.0%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 23.06% |
| 1 Year: | 16.80% |
Compounded Profit Growth
| 5 Years: | 18.01% |
| 1 Year: | 2.10% |
Stock Price Performance
| 1 Year: | +5.05% |
| 6 Months: | -8.30% |
| 3 Months: | +0.42% |
| 1 Month: | -3.42% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)37.61 · Neutral
P/E of 39.13 is above the sector median of 23.49 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Excellent profit margin of 28.8%.
- Compounding revenue at 23.1% over 5 years.
- Profit CAGR of 18.0% over 5 years.
- Attractive dividend yield of 4.40%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Real Estate).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ADC Agree Realty Corporation R3K | 72.78 | 39.13 | $9.05B | 4.40% | 3.60% | 3.70% | 23.06% | 18.01% |
| 2 | WELL Welltower Inc. SPXR3K | 236.17 | 105.91 | $170.18B | 1.46% | 0.54% | 3.84% | 22.26% | 11.10% |
| 3 | PLD Prologis, Inc. SPXR3K | 138.48 | 30.84 | $131.60B | 3.17% | - | 7.75% | 16.83% | 39.42% |
| 4 | EQIX Equinix, Inc. SPXR3K | 1,041.21 | 67.13 | $102.74B | 1.98% | 5.42% | 10.73% | 17.43% | 17.11% |
| 5 | AMT American Tower Corporation SPXR3K | 175.73 | 24.14 | $81.88B | 3.97% | 8.76% | 33.91% | 12.41% | 25.08% |
| 6 | DLR Digital Realty Trust, Inc. SPXR3K | 189.50 | 92.44 | $70.30B | 2.65% | - | 2.91% | 15.18% | 18.41% |
| 7 | SPG Simon Property Group, Inc. SPXR3K | 211.88 | 14.95 | $68.55B | 4.35% | - | 120.51% | 3.14% | 14.02% |
| 8 | O Realty Income Corporation SPXR3K | 61.02 | 44.54 | $57.74B | 5.68% | - | 3.23% | 24.73% | 13.04% |
| 9 | PSA Public Storage SPXR3K | 301.60 | 28.81 | $56.35B | 3.99% | - | 21.93% | 5.67% | 7.85% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.22M | 17.85M | 19.15M | 20.22M | 21.84M | 24.16M | 25.30M | 26.56M | 28.08M | 30.39M | 31.53M | 32.45M | 33.17M | 34.05M | 37.45M | 42.35M | 44.92M | 48.08M | 52.13M | 55.81M | 57.53M | 63.81M | 77.83M | 82.55M | 87.54M | 98.34M | 104.88M | 110.06M | 126.62M | 129.90M | 136.81M | 149.45M | 152.57M | 154.33M | 169.16M | 175.53M | 183.22M | 190.49M | 200.81M | 205.10M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21.80M | 21.97M | 24.00M | 24.90M | 25.36M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 153.73M | 161.25M | 166.49M | 175.90M | 179.74M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 70.27M | 72.07M | 74.51M | 78.18M | 81.05M |
| Operating Income | 9.94M | 9.78M | - | 11.23M | 11.61M | 14.19M | - | 14.29M | 14.90M | 16.46M | - | 17.65M | 16.81M | 18.50M | - | 22.48M | 23.42M | 26.72M | - | 29.65M | 29.19M | 31.88M | 42.94M | 50.11M | 50.29M | 50.94M | 52.34M | 57.31M | 60.51M | 61.63M | 63.08M | 70.50M | 81.97M | 74.44M | 78.70M | 83.46M | 89.18M | 91.98M | 97.73M | 98.69M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 149.53M | 158.24M | 166.25M | 176.08M | 175.79M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 32.27M | 35.21M | 36.36M | 35.97M | 40.28M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 49.78M | 52.50M | 56.47M | 62.73M | 55.18M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 425.00K | 225.00K | 260.00K | 500.00K | 375.00K |
| Net Income | 10.26M | 14.60M | - | 7.46M | 10.66M | 14.26M | - | 14.57M | 14.88M | 12.16M | 16.50M | 16.45M | 12.92M | 15.59M | 13.21M | 18.35M | 18.56M | 20.61M | 22.56M | 21.23M | 25.26M | 21.28M | 30.11M | 22.35M | 36.66M | 36.11M | 35.97M | 39.42M | 41.61M | 40.87M | 41.52M | 44.86M | 54.72M | 44.38M | 47.00M | 49.20M | 52.12M | 56.04M | 62.05M | 54.65M |
| Diluted EPS | 0.58 | 0.81 | 0.41 | 0.36 | 0.48 | 0.61 | 0.50 | 0.56 | 0.56 | 0.42 | 0.55 | 0.53 | 0.41 | 0.48 | 0.36 | 0.48 | 0.45 | 0.48 | 0.52 | 0.46 | 0.47 | 0.39 | 0.48 | 0.34 | 0.52 | 0.48 | 0.45 | 0.46 | 0.44 | 0.42 | 0.41 | 0.43 | 0.52 | 0.42 | 0.42 | 0.43 | 0.45 | 0.47 | 0.50 | 0.44 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 31.97M | 27.42M | 30.26M | 34.62M | 43.52M | 53.56M | 69.97M | 91.53M | 111.52M | 137.12M | 187.48M | 248.57M | - | 429.81M | 537.50M | 617.10M | 718.40M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 52.28M | 66.72M | 74.85M | 88.15M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | 377.53M | 470.78M | 542.25M | 630.25M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 163.69M | 211.06M | 244.22M | 283.37M |
| Operating Income | 18.57M | 8.81M | 15.33M | 19.37M | 25.42M | 27.89M | 40.11M | 51.66M | 62.96M | 73.01M | 114.39M | 133.13M | - | 213.84M | 259.71M | 298.03M | 346.88M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | 386.24M | 463.95M | 543.26M | 617.06M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | 63.44M | 81.12M | 108.90M | 134.61M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | 155.90M | 173.46M | 194.14M | 206.72M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.86M | 2.91M | 4.31M | 1.74M |
| Net Income | 17.04M | 15.07M | 9.55M | 18.05M | 19.67M | 18.49M | 39.02M | 45.12M | 58.11M | 58.17M | 80.08M | 91.38M | - | 152.44M | 169.96M | 189.20M | 204.35M |
| Diluted EPS | 2.14 | 1.64 | 0.99 | 1.62 | 1.50 | 1.24 | 2.16 | 1.97 | 2.08 | 1.78 | 1.93 | 1.74 | - | 1.83 | 1.70 | 1.78 | 1.77 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 285.04M | 293.94M | 370.09M | 462.74M | 593.58M | 789.91M | 1.14B | 1.49B | 2.03B | 2.66B | 3.89B | - | 6.71B | 7.77B | 8.49B | 9.80B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 94.75M | 97.48M | 112.81M | 143.10M |
| Cash & Equivalents | 668.68K | 688.67K | 593.28K | 2.00M | 1.27M | 14.54M | 5.40M | 2.71M | 33.40M | 50.81M | 53.95M | 15.60M | 6.14M | - | 27.76M | 10.91M | 6.40M | 16.30M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 65.84M | 82.95M | 106.42M | 122.48M |
| Total Liabilities | - | - | 117.91M | 131.72M | 172.13M | 170.53M | 237.55M | 336.29M | 456.46M | 583.44M | 789.70M | 972.97M | 1.36B | - | 2.08B | 2.57B | 2.98B | 3.53B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 106.07M | 126.94M | 144.12M | 171.54M |
| Long Term Debt | - | - | - | - | 117.38M | 158.40M | 221.76M | 319.58M | 404.05M | 522.40M | 724.06M | - | 1.23B | - | 1.94B | 2.41B | 2.79B | 3.29B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.98B | 2.45B | 2.83B | 3.35B |
| Total Equity | - | - | 164.24M | 159.55M | 195.31M | 289.57M | 353.62M | 451.12M | 682.98M | 908.66M | 1.24B | 1.69B | 2.52B | - | 4.63B | 5.20B | 5.51B | 6.27B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 90.17M | 100.52M | 107.25M | 120.03M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 23.58M | 26.11M | 25.50M | 21.21M | 29.59M | 35.10M | 44.68M | 61.73M | 82.20M | 93.25M | 126.71M | 142.96M | - | 362.12M | 391.60M | 431.97M | 504.14M |
| Investing Cash Flow | -8.87M | -33.19M | -29.25M | -69.26M | -85.26M | -147.70M | -202.78M | -297.55M | -319.10M | -568.12M | -667.52M | -1.30B | - | -1.62B | -1.27B | -885.41M | -1.54B |
| Financing Cash Flow | -14.69M | 6.98M | 5.16M | 47.32M | 68.94M | 103.47M | 155.41M | 266.50M | 262.28M | 470.06M | 528.99M | 1.12B | - | 1.24B | 869.01M | 445.31M | 1.05B |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | -608.30M | -702.90M | -1.31B | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | -515.05M | -576.19M | -1.17B | - | 362.12M | 391.60M | 431.97M | 504.14M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | -16.34M | -14.38M | -8.12M | 14.22M |
| Share Buybacks | - | - | - | - | - | 0 | 0 | 712.00K | 1.11M | 1.15M | 1.41M | 1.64M | 1.81M | 1.91M | 2.68M | 2.28M | 3.74M |
| Dividends Paid | - | 18.34M | 16.80M | 17.66M | 20.86M | 25.40M | - | - | - | - | - | - | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | 87.8% | 87.6% | 87.9% | 87.7% |
| Operating Margin % | 58.1% | 32.1% | 50.7% | 56.0% | 58.4% | 52.1% | 57.3% | 56.4% | 56.5% | 53.2% | 61.0% | 53.6% | - | 49.8% | 48.3% | 48.3% | 48.3% |
| Net Margin % | 53.3% | 54.9% | 31.6% | 52.1% | 45.2% | 34.5% | 55.8% | 49.3% | 52.1% | 42.4% | 42.7% | 36.8% | - | 35.5% | 31.6% | 30.7% | 28.4% |
| ROE % | - | 9.2% | 6.0% | 9.2% | 6.8% | 5.2% | 8.6% | 6.6% | 6.4% | 4.7% | 4.7% | 3.6% | - | 3.3% | 3.3% | 3.4% | 3.3% |
| ROCE % | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.2% | 3.4% | 3.6% | 3.6% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 15.37% | 19.11M | $1.30B |
| 2 | Cohen & Steers Inc. | 13.19% | 16.40M | $1.12B |
| 3 | Vanguard Portfolio Management LLC | 8.51% | 10.59M | $720.55M |
| 4 | State Street Corporation | 4.71% | 5.86M | $398.70M |
| 5 | Vanguard Capital Management LLC | 4.35% | 5.41M | $367.82M |
| 6 | Principal Financial Group, Inc. | 3.75% | 4.66M | $317.27M |
| 7 | CenterSquare Investment Management LLC | 3.00% | 3.73M | $253.89M |
| 8 | Two Sigma Investments, LP | 2.84% | 3.54M | $240.56M |
| 9 | Daiwa Securities Group Inc. | 2.35% | 2.92M | $198.83M |
| 10 | Geode Capital Management, LLC | 2.24% | 2.78M | $189.26M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for ADC
Agree Realty Director Rakolta Buys 20,136 Shares for $1.5 Million
Rakolta's purchase increases his direct holdings to over 622,000 shares.
Agree Realty (ADC) Stock Looks Fully Valued After 37% Gains And Rich Earnings
Agree Realty has delivered a strong 37.5% share price gain over the past three years, yet the current valuation checks suggest the stock leans expensive rather than a clear bargain. Recent short term softness sits alongside that longer trac…
Agree Realty Corp's Dividend Analysis
Agree Realty Corp (NYSE:ADC) recently announced a total dividend of $0.27 per share, with the ex-dividend date set for 2026-08-31. This includes a $0.27 per share cash dividend payable on 2026-09-15. As investors look forward to this upco…
This Safe Monthly Dividend Income Portfolio Has Baby Boomers Retiring Early
Social Security alone leaves most retirees scrambling to cover basic expenses, but a carefully constructed portfolio of five monthly dividend payers could change that equation entirely for Baby Boomers sitting on investable savings.…
Is Agree Realty (ADC) Trading At A Premium To Fair Value?
Agree Realty stock has delivered a solid 39.2% gain over the past three years, yet its current checks lean on the expensive side rather than flagging an obvious bargain. Agree Realty's 39.2% return over three years suggests the stock has al…
Is Realty Income's 5.3% Yield Still Compelling? Buy or Hold the Stock?
Realty Income's 5.3% yield offers only a modest premium to Treasuries, putting more weight on AFFO growth, acquisitions and valuation.
ADC — Frequently Asked Questions
What is the current share price of Agree Realty Corporation (ADC)?
As of 2026-09-19 21:16 PDT, Agree Realty Corporation (ADC) trades at $72.78 on NYSE. Its 52-week range is $67.55 to $80.55.
What is the market capitalisation of ADC?
Agree Realty Corporation (ADC) has a market capitalisation of $9.05B on NYSE.
What is the P/E ratio of ADC?
ADC trades at a trailing price-to-earnings (P/E) ratio of 39.13. The industry average P/E is 23.49. Its price-to-book (P/B) ratio is 1.42.
Does ADC pay a dividend?
Agree Realty Corporation (ADC) currently offers a dividend yield of 4.40%.
What is the return on equity (ROE) of ADC?
ADC has a return on equity (ROE) of 3.70%. Its return on capital employed (ROCE) is 3.60%.
Is ADC a good stock to buy?
This page provides a data-driven analysis of Agree Realty Corporation (ADC), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.