YOLFTbeta
Agree Realty Corporation

Agree Realty Corporation

ADC · NYSE · Real Estate / REIT - Retail

69.37USD+0.27 (+0.39%)

Price History

Full chart

Market Stats

Previous Close69.10
Open69.47
Day Range68.89 – 69.59
52-Week Range66.50 – 81.22
Volume1.93M
Market Cap8.38B
P/E (TTM)36.12
Forward P/E35.09
EPS1.86
Dividend Yield4.77%
Beta0.46
50-Day Avg74.62
200-Day Avg75.26

About

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.

Company Details

  • SectorReal Estate
  • IndustryREIT - Retail
  • CEOMr. Joel N. Agree J.D.
  • Employees90
  • Headquarters32301 Woodward Avenue, Royal Oak, MI, United States, 48073, USA
  • Websitehttps://www.agreerealty.com

Leadership

  • Mr. Richard A. AgreeExecutive Chairman of the Board · b. 1944
  • Mr. Joel N. Agree J.D.President, CEO & Director · b. 1979
  • Mr. Peter CoughenourCFO, Secretary & Investor Relations Professional · b. 1993
  • Ms. Nicole WitteveenChief Operating Officer · b. 1990
  • Ms. Danielle M. Spehar J.D.General Counsel · b. 1968
  • Mr. Craig ErlichChief Growth Officer · b. 1968
  • Mr. Stephen BreslinVP & Chief Accounting Officer
  • Mr. Reuben Goldman Treatman CPASenior Director of Corporate Finance
  • Mr. Larry KaufmanChief Information Officer & VP of Continuous Improvement
  • Ms. Kristina KolbasVice President of People & Culture

Financials

Income Statement

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue9.50M13.80M16.29M18.40M19.80M21.90M22.55M22.19M23.06M26.22M28.94M31.58M32.91M34.47M35.65M34.40M27.42M30.26M34.62M43.52M53.56M69.97M91.53M111.52M137.12M187.48M248.57M339.32M429.81M537.50M617.10M718.40M
Growth (%)-+45.26%+18.05%+12.94%+7.61%+10.61%+2.99%-1.61%+3.92%+13.72%+10.36%+9.12%+4.21%+4.74%+3.44%-3.51%-20.29%+10.36%+14.41%+25.69%+23.07%+30.63%+30.82%+21.84%+22.96%+36.72%+32.59%+36.51%+26.67%+25.05%+14.81%+16.42%
Cost of Revenue------9.02M9.58M10.20M10.82M11.81M13.37M13.09M13.79M2.58M3.89M3.12M3.47M3.33M3.66M4.92M6.38M8.60M12.47M17.01M23.51M31.75M41.06M52.28M66.72M74.85M88.15M
Gross Profit9.50M13.80M16.29M18.23M19.67M21.93M23.73M24.68M25.82M27.47M29.93M31.58M32.91M34.47M33.07M30.51M24.30M26.79M31.30M39.86M48.64M63.59M82.93M99.05M120.11M163.97M216.82M298.26M377.53M470.78M542.25M630.25M
Gross Margin100.00%100.00%100.00%99.10%99.36%100.14%105.21%111.21%111.98%104.76%103.42%100.00%100.00%100.00%92.77%88.69%88.62%88.54%90.39%91.60%90.82%90.88%90.61%88.82%87.59%87.46%87.23%87.90%87.84%87.59%87.87%87.73%
Operating Expense-3.50M-4.60M6.21M6.67M7.29M8.37M9.02M9.58M10.20M12.48M12.31M13.37M13.09M13.79M11.61M9.92M15.50M11.46M11.92M14.44M20.75M23.47M31.27M36.09M47.10M49.57M83.68M107.99M159.45M216.39M240.00M289.86M
Operating Income13.00M18.40M10.08M11.56M12.38M13.56M14.71M15.10M15.62M14.99M17.62M18.21M19.82M20.68M21.46M20.59M8.81M15.33M19.37M25.42M27.89M40.11M51.66M62.96M73.01M114.39M133.13M190.27M218.09M254.39M302.24M340.39M
Operating Margin136.84%133.33%61.88%62.83%62.53%61.91%65.21%68.06%67.75%57.17%60.89%57.65%60.23%59.99%60.19%59.86%32.11%50.66%55.95%58.41%52.08%57.33%56.44%56.46%53.24%61.02%53.56%56.07%50.74%47.33%48.98%47.38%
EBITDA15.00M21.00M13.11M27.20M29.40M32.70M21.58M30.25M31.57M19.81M21.87M23.15M24.81M25.88M27.02M26.59M21.19M23.09M26.88M34.16M42.01M56.60M75.07M94.71M119.02M161.90M215.80M295.67M386.24M463.95M543.26M617.06M
EBITDA Margin157.89%152.17%80.47%147.83%148.48%149.32%95.69%136.33%136.89%75.56%75.57%73.31%75.39%75.08%75.78%77.29%77.26%76.31%77.63%78.50%78.44%80.90%82.02%84.93%86.80%86.36%86.82%87.13%89.86%86.32%88.04%85.89%
Net Income300.00K3.20M3.73M5.22M6.09M6.81M7.10M8.07M8.77M10.47M13.12M16.05M13.97M15.48M15.02M17.99M15.07M9.55M18.05M19.68M18.49M39.02M45.12M58.11M58.17M80.08M91.38M122.27M152.44M169.96M189.20M204.35M
Net Income Margin3.16%23.19%22.92%28.37%30.74%31.08%31.47%36.35%38.04%39.93%45.35%50.82%42.46%44.92%42.12%52.31%54.94%31.56%52.13%45.21%34.52%55.77%49.29%52.11%42.42%42.71%36.76%36.03%35.47%31.62%30.66%28.45%
R&D-----------------000000.50.50.430.430.370.370.370.33--
R&D as % of Total Revenue-----------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense00000000000004.90M5.18M4.63M4.71M4.73M5.13M6.47M8.59M12.30M15.34M18.14M24.87M33.09M40.10M50.38M63.44M81.12M108.90M134.61M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%14.20%14.53%13.47%17.18%15.62%14.83%14.88%16.03%17.59%16.76%16.26%18.14%17.65%16.13%14.85%14.76%15.09%17.65%18.74%

Balance Sheet

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets89.70M108.90M121.38M130.49M149.65M158.20M166.05M167.51M178.16M191.69M215.70M223.46M223.51M239.35M262.24M261.79M285.04M293.94M370.09M462.74M593.58M792.55M1.11B1.49B2.03B2.66B3.89B5.23B6.71B7.77B8.49B9.80B
Total Liabilities56.40M77.50M91.07M69.87M90.17M100.30M108.92M110.18M119.75M89.68M112.20M86.85M87.22M101.84M124.26M121.96M117.91M131.72M172.13M170.53M237.54M338.93M426.42M583.44M789.70M972.97M1.36B1.81B2.08B2.57B2.98B3.53B
Total Equity26.80M25.30M24.44M54.97M53.43M52.03M51.43M51.63M52.62M96.19M97.63M130.63M130.42M131.61M132.63M136.76M164.24M162.22M197.97M292.22M356.04M453.62M685.51M911.19M1.24B1.69B2.52B3.42B4.63B5.20B5.51B6.27B
Cash--294.39K1.79M994.16K1.06M1.12M1.10M1.10M1.00M587.52K5.71M463.73K544.64K669.00K688.67K593.00K2.00M1.27M14.54M5.40M2.71M33.40M50.81M53.95M15.60M6.14M43.25M27.76M10.91M6.40M16.30M
Total Debt54.30M73.60M77.28M59.60M76.46M80.09M87.48M105.73M115.28M84.04M93.01M68.22M68.79M36.80M32.95M104.55M99.91M176.80M43.69B168.25M224.35M323.01M403.59M520.16M721.54M961.30M1.31B1.88B3.79B2.45B2.83B3.35B
Net Debt54.30M73.60M76.99M57.81M75.46M79.03M86.36M104.63M114.19M83.03M92.42M62.51M68.33M36.26M32.28M103.86M99.31M117.30M159.64M143.86M216.36M316.87M367.53M468.76M666.45M945.70M1.30B1.84B1.91B2.44B2.83B3.34B

Cash Flow

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow900.00K6.60M7.71M9.24M11.16M12.06M11.60M13.05M13.66M15.65M18.30M19.64M20.30M21.64M21.93M23.58M26.11M25.50M21.21M29.59M35.10M44.68M61.73M82.20M93.25M126.71M142.96M246.31M362.12M391.60M431.97M504.14M
Investing Cash Flow-300.00K-19.60M-15.19M-8.52M-13.03M-10.92M-9.38M-3.87M-13.24M-15.79M-15.14M-5.54M-9.31M-18.01M-21.42M-8.75M-32.82M-29.25M-69.26M-85.26M-147.70M-202.78M-297.55M-319.10M-568.12M-667.52M-1.30B-1.39B-1.62B-1.27B-885.41M-1.54B
Financing Cash Flow1.10M12.60M6.49M779.61K1.08M-1.07M-2.16M-9.20M-430.02K45.95K-3.58M-8.97M-16.24M-3.55M-387.37K-14.81M6.61M5.16M47.32M68.94M103.47M155.41M266.50M262.28M470.06M528.99M1.12B1.18B1.24B869.01M445.31M1.05B
Capital Expenditure019.90M13.58M8.68M13.69M11.62M10.08M4.84M13.91M20.12M21.71M15.12M9.31M19.76M21.42M8.75M38.82M37.11M84.52M90.54M159.80M66.00K325.79M362.87M632.61M732.57M1.35B1.44B1.66B1.29B977.33M1.58B
Free Cash Flow900.00K-13.30M-5.87M558.91K-2.53M437.87K1.52M8.21M-249.81K-4.46M-3.41M4.52M10.99M1.88M511.41K14.83M-12.71M-11.62M21.21M29.59M35.10M44.61M61.73M82.20M93.25M126.71M142.96M246.31M362.12M391.60M431.97M504.14M
Dividends Paid2.60M5.90M5.90M7.50M9.20M9.30M9.31M9.36M9.41M10.78M13.87M15.78M16.41M16.50M16.92M17.13M19.05M17.40M17.66M20.86M25.40M32.99M42.06M55.15M67.64M90.26M116.11M195.82M227.74M285.11M311.04M348.09M
FCF to OCF100.00%-201.52%-76.08%6.05%-22.69%3.63%13.13%62.90%-1.83%-28.51%-18.65%23.01%54.15%8.69%2.33%62.90%-48.68%-45.56%100.00%100.00%100.00%99.85%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF288.89%-44.36%-100.57%1341.91%-363.45%2123.91%611.32%114.01%-3766.01%-241.44%-406.57%349.16%149.31%877.00%3308.29%115.50%-149.91%-149.77%83.30%70.50%72.38%73.95%68.13%67.09%72.54%71.23%81.22%79.50%62.89%72.81%72.00%69.05%

Earnings

Report DateMar 31, 1998Jun 30, 1998Sep 30, 1998Mar 31, 1999Jun 30, 1999Sep 30, 1999Mar 31, 2000Jun 30, 2000Sep 30, 2000Dec 31, 2000Mar 31, 2001Jun 30, 2001Sep 30, 2001Feb 27, 2002May 29, 2002Aug 28, 2002Nov 27, 2002Feb 26, 2003May 28, 2003Jul 29, 2003Oct 29, 2003Feb 24, 2004Apr 23, 2004Jul 29, 2004Oct 28, 2004Feb 23, 2005Apr 26, 2005Jul 28, 2005Oct 28, 2005Feb 24, 2006May 2, 2006Aug 1, 2006Oct 31, 2006Feb 27, 2007May 3, 2007Aug 2, 2007Nov 1, 2007Feb 28, 2008May 1, 2008Jul 31, 2008Oct 29, 2008Feb 26, 2009Apr 30, 2009Jul 30, 2009Oct 29, 2009Feb 25, 2010Apr 29, 2010Jul 29, 2010Oct 28, 2010Mar 1, 2011Apr 28, 2011Jul 28, 2011Oct 27, 2011Feb 29, 2012Apr 26, 2012Jul 26, 2012Oct 29, 2012Feb 27, 2013Apr 29, 2013Jul 29, 2013Oct 28, 2013Feb 24, 2014Apr 28, 2014Jul 28, 2014Oct 27, 2014Feb 23, 2015Apr 27, 2015Jul 27, 2015Oct 26, 2015Mar 3, 2016Apr 25, 2016Jul 25, 2016Oct 24, 2016Feb 23, 2017Apr 24, 2017Jul 24, 2017Oct 23, 2017Feb 22, 2018Apr 23, 2018Jul 23, 2018Oct 22, 2018Feb 21, 2019Apr 22, 2019Jul 22, 2019Oct 21, 2019Feb 20, 2020Apr 20, 2020Jul 20, 2020Oct 19, 2020Feb 18, 2021May 3, 2021Jul 26, 2021Nov 1, 2021Feb 22, 2022May 3, 2022Aug 2, 2022Nov 1, 2022Feb 14, 2023May 4, 2023Aug 1, 2023Oct 24, 2023Feb 13, 2024Apr 23, 2024Jul 23, 2024Oct 22, 2024Feb 11, 2025Apr 22, 2025Jul 31, 2025Oct 21, 2025Feb 10, 2026Apr 21, 2026Jul 30, 2026Oct 20, 2026
EPS Estimate--------------------0.520.490.520.460.470.500.460.460.460.430.460.450.440.440.460.460.460.630.490.500.500.480.510.510.520.540.550.460.460.460.480.390.340.280.340.350.340.370.350.360.360.400.370.370.380.350.380.390.370.330.440.370.380.380.390.390.410.390.400.390.370.370.410.410.420.430.450.350.410.400.420.440.430.470.460.470.440.440.460.430.420.460.460.450.430.440.430.460.460.470.471.111.11
EPS Actual0.350.350.390.360.400.400.370.400.430.410.420.460.480.470.440.480.480.570.500.530.270.620.450.470.600.510.450.460.450.750.440.450.440.490.470.470.470.600.470.490.500.490.510.540.550.540.480.460.430.440.440.380.980.320.340.330.360.410.340.340.380.400.360.370.340.360.370.580.330.410.360.480.420.500.380.380.420.530.530.370.380.370.400.410.430.420.460.400.420.420.430.240.470.440.450.450.430.440.440.420.410.410.470.450.400.410.460.460.470.470.491.14-
Surprise---------------------48.08%26.53%-13.46%2.17%27.66%2.00%-2.17%0.00%-2.17%74.42%-4.35%0.00%0.00%11.36%2.17%2.17%2.17%-4.76%-4.08%-2.00%0.00%2.08%0.00%5.88%5.77%0.00%-12.73%0.00%-6.52%-4.35%-8.33%-2.56%188.24%14.29%0.00%-5.71%5.88%10.81%-2.86%-5.56%5.56%0.00%-2.70%0.00%-10.53%2.86%-2.63%48.72%-10.81%24.24%-18.18%29.73%10.53%31.58%-2.56%-2.56%2.44%35.90%32.50%-5.13%2.70%0.00%-2.44%0.00%2.38%-2.33%2.22%14.29%2.44%5.00%2.38%-45.45%9.30%-6.38%-2.17%-4.26%-2.27%0.00%-4.35%-2.33%-2.38%-10.87%2.17%0.00%-6.98%-6.52%6.98%0.00%2.17%-0.66%4.26%2.70%-
Timing--------------------Pre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketAfter-hours-Pre-marketPre-marketAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap8.38B
Enterprise Value12.40B
Trailing P/E36.12
Forward P/E35.09
PEG Ratio0.13
Price / Sales10.75
Price / Book1.32
EPS1.86
Book Value51.09
Revenue (TTM)779.62M
Gross Profit (TTM)683.38M
EBITDA676.10M
Profit Margin28.84%
Operating Margin48.12%
Return on Equity3.70%
Return on Assets2.40%
Shares Outstanding124.38M
Shares Float121.84M
Beta0.46
Dividend Yield4.77%
Dividend Rate3.20
Payout Ratio41.60%

Analyst Ratings

Buy
Based on 21 analystsTarget 83.83
  • Strong Buy
    12
  • Buy
    3
  • Hold
    6

Ownership Breakdown

Institutions
117.70%
Insiders
1.77%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    17.89M14.38%
  • Cohen & Steers Inc
    16.40M13.19%
  • Vanguard Portfolio Management, LLC
    10.26M8.25%
  • State Street Corp
    5.97M4.80%
  • Vanguard Capital Management, LLC
    5.35M4.30%
  • Principal Financial Group Inc
    4.66M3.75%
  • CenterSquare Investment Management LLC
    3.73M3.00%
  • Two Sigma Investments LLC
    3.54M2.84%
  • Daiwa Securities Group Inc
    2.96M2.38%
  • JPMorgan Chase & Co
    2.77M2.22%
  • Geode Capital Management, LLC
    2.70M2.17%
  • Charles Schwab Investment Management Inc
    2.11M1.70%
  • Zimmer Partners LP
    1.84M1.48%
  • Dimensional Fund Advisors, Inc.
    1.79M1.44%

Top Fund Holders

  • Vanguard Real Estate Index Investor
    4.52M3.63%
  • iShares Core S&P Mid-Cap ETF
    4.20M3.38%
  • Vanguard MStar Total Stk Mkt Idx Invest
    3.81M3.06%
  • Cohen & Steers Instl Realty Shares
    2.85M2.29%
  • Vanguard Small Cap Index
    2.76M2.22%
  • Cohen & Steers Realty Shares L
    2.60M2.09%

Dividends

202610×
0.27Oct 30, 20260.27Sep 30, 20260.27Aug 31, 20260.27Jul 31, 20260.27Jun 30, 20260.27May 29, 20260.27Apr 30, 20260.26Mar 31, 20260.26Feb 27, 20260.26Jan 30, 2026
202512×
0.26Dec 31, 20250.26Nov 28, 20250.26Oct 31, 20250.26Sep 30, 20250.26Aug 29, 20250.26Jul 31, 20250.26Jun 30, 20250.26May 30, 20250.26Apr 30, 20250.25Mar 31, 20250.25Feb 28, 20250.25Jan 31, 2025
20242×
0.25Dec 31, 20240.25Nov 29, 2024