Agree Realty Corporation (ADC) AI Stock Analysis

Agree Realty Corporation is a publicly traded real estate investment trust specializing in the acquisition and development of properties leased to top-tier retail tenants across the United States. Its strategic focus centers on owning properties net leased to leading retail brands to secure stable, predictable income streams through long-term leases. As of September 30, 2020, Agree Realty managed a portfolio of 1,027 properties across 45 states, encompassing approximately 21.0 million square feet of gross leasable area. Listed on the New York Stock Exchange under the ticker ADC, the company employs a proactive portfolio management approach across diverse retail sectors.

Revenue increased from $339.3M in FY2021 to $718.4M in FY2025, delivering a 5-year revenue CAGR of 23.6% from FY2020 through FY2025. Annual net income grew from $122.3M in FY2021 to $204.3M in FY2025, though net margin compressed from 36.0% to 28.4% over the same period. Operating margin stood at 47.4% in FY2025 and 48.1% for the trailing twelve months ended June 30, 2026. For the latest quarter ended June 30, 2026, quarterly revenue grew 16.8% year-over-year to support trailing twelve-month revenue of $779.6M, while quarterly earnings grew 2.1% year-over-year.

As of June 30, 2026, Agree Realty held $12.5M in cash and short-term investments against $3.92B in total debt, resulting in net debt of $3.90B. Shareholders' equity was $6.52B, corresponding to a debt-to-equity ratio of 0.60 and a current ratio of 0.14. In FY2025, the company generated $504.1M in operating cash flow and free cash flow. Capital allocation in FY2025 included $1.58B in capital expenditures, $348.1M in dividends paid, and $3.7M in share buybacks, while its share count expanded 70.6% over 5 years.

Agree Realty trades at a trailing P/E of 36.0x and a forward P/E of 35.1x, higher than the median of its US-listed Real Estate peers at 21.6x and 23.5x, respectively. Its enterprise value of $12.40B represents an EV-to-EBITDA multiple of 18.3x, compared to the peer median of 14.7x. Over the past year, the stock fell 6.1%, trailing the S&P 500 (SPY) return of 16.8%. Over a 5-year span, the stock returned 19.9% versus 83.0% for the S&P 500.

Agree Realty provides an annual forward dividend of $3.25 per share, representing a dividend yield of 4.85% with a payout ratio of 41.8%. The company has paid dividends for 33 consecutive years, with an annualized 5-year dividend growth rate of 5.1%. Its last ex-dividend date was October 30, 2026.

Wall Street coverage includes 11 Strong Buy, 1 Buy, and 8 Hold ratings, with no Sell or Strong Sell recommendations. The mean price target is $82.17, indicating 22.6% upside from the last close of $67.04. Consensus estimates project FY2026 revenue of $839.7M and EPS of $1.92, followed by FY2027 revenue of $955.3M and EPS of $1.91. The company beat EPS estimates in 3 of the last 4 quarters, with the next earnings release scheduled for October 20, 2026.

This page is an AI-written research summary of Agree Realty Corporation (ADC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: ADC income statement, ADC balance sheet, ADC key metrics, ADC analyst forecast, ADC chart. See the ADC stock overview for the latest quote and news.