ADC
70.55
+1.25 (1.80%)
Agree Realty Corporation (NYSE, USD)
Real Estate >
REIT-Retail
Market cap
4.53B
Ent value
6.00B
Price/Sales
18.21
Price/Book
1.62
Div yield
3.69%
Div growth
5.44%
Growth years
9
FCF payout
-9.65%
Trailing P/E
49.52
Forward P/E
35.99
PEG
-
EPS growth
9.50%
1 year return
8.46%
3 year return
9.39%
5 year return
8.19%
10 year return
12.36%
Last updated: 2021-10-20
STOCK INFORMATION
Stock chart
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Stock price data
| Open | 69.46 |
| Daily high | 70.58 |
| Daily low | 69.38 |
| Daily Volume | 267K |
| All-time high | 79.62 |
| 1y analyst estimate | 77.79 |
| Beta | 0.33 |
| EPS (TTM) | 1.52 |
| Dividend per share | 2.60 |
| Ex-div date | 29 Jul 2021 |
| Next earnings date | 18 Oct 2021 |
Downside potential
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Downside potential data
| ADC | S&P500 | |
| Current price drop from All-time high | -11.39% | -0.17% |
| Highest price drop | -74.32% | -56.47% |
| Date of highest drop | 5 Mar 2009 | 9 Mar 2009 |
| Avg drop from high | -17.57% | -11.45% |
| Avg time to new high | 37 days | 12 days |
| Max time to new high | 2311 days | 1805 days |
DIVIDENDS
Dividend yield - 5y
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Dividend yield data
| Dividend per share | 2.60 |
| Dividend yield | 3.69% |
| Payout frequency | Monthly |
| Maximum yield | 4.82% |
| Average yield | 3.82% |
| Minimum yield | 2.94% |
| Discount to avg yield | -3.60% |
| Upside potential | -3.48% |
| Yield as % of max yield | 76.61% |
Yield distribution (inverse percentile) - 5y
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Yield distribution data
| Dividend yield | 3.69% |
| Current yield distribution | 63.97% |
| Yield at 100% (Min) | 2.94% |
| Yield at 90% | 3.23% |
| Yield at 80% | 3.45% |
| Yield at 50% (Median) | 3.83% |
| Yield at 20% | 4.21% |
| Yield at 10% | 4.34% |
| Yield at 0% (Max) | 4.82% |
Dividend per share
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Dividend per share data
| Years of growth | 9 years |
| CCC status | Dividend Challenger |
| Dividend per share | 2.60 |
| Payout frequency | Monthly |
| Ex-div date | 29 Jul 2021 |
| EPS (TTM) | 1.52 |
| EPS (1y forward) | 1.96 |
| EPS growth (5y) | 9.50% |
| EPS growth (5y forward) | -0.90% |
Dividend growth
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Dividend growth data
| ADC | S&P500 | |
| DGR MR | 4.83% | 7.68% |
| DGR TTM | -29.69% | -2.66% |
| DGR 3 years | 5.90% | 5.82% |
| DGR 5 years | 5.44% | 6.23% |
| DGR 10 years | 1.66% | 9.64% |
| DGR 15 years | 1.37% | 6.71% |
| Time since last change announced | 192 days |
| EPS growth (5y) | 9.50% |
| EPS growth (5y forward) | -0.90% |
Payout ratio
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Payout ratio data
| EPS coverage | FCF coverage | |
| TTM | 127.06% | -9.65% |
| Average | 112.81% | -20.38% |
| Forward | 132.86% | - |
VALUATION
Valuation Ratios
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Valuation Ratios data
| Trailing P/E | 49.52 |
| Price to OCF | 31.66 |
| Price to FCF | - |
| Price to EBITDA | 25.76 |
| EV to EBITDA | 34.13 |
Valuation (Sales/Book Value)
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Valuation (Sales/Book Value) data
| Price to Sales | 18.21 |
| Price to Book | 1.62 |
| EV to Sales | 24.12 |
FINANCIALS
Per share
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Per share data
| Current share count | 64.15M |
| EPS (TTM) | 1.52 |
| FCF per share (TTM) | -20.05 |
Income statement
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Income statement data
| Revenue (TTM) | 248.57M |
| Gross profit (TTM) | 216.82M |
| Operating income (TTM) | 129.26M |
| Net income (TTM) | 91.38M |
| EPS (TTM) | 1.52 |
| EPS (1y forward) | 1.96 |
Margins
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Margins data
| Gross margin (TTM) | 87.23% |
| Operating margin (TTM) | 52.00% |
| Profit margin (TTM) | 36.76% |
Balance Sheet
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Balance Sheet data
| Cash | 7.37M |
| Net receivables | 40.70M |
| Total current assets | 61.62M |
| Goodwill | 0.00 |
| Intangible assets | 545.38M |
| Property, plant and equipment | 0.00 |
| Total assets | 4.28B |
| Accounts payable | 79.51M |
| Short/Current long term debt | 1.36B |
| Total current liabilities | 79.51M |
| Total liabilities | 1.48B |
| Shareholder's equity | 2.80B |
| Net tangible assets | 2.25B |
Cash flow
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Cash flow data
| Operating cash flow (TTM) | 142.96M |
| Capital expenditures (TTM) | 1.35B |
| Free cash flow (TTM) | -1.20B |
| Dividends paid (TTM) | 116.11M |
Financial returns
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Financial returns data
| Return on Equity | 3.62% |
| Return on Assets | 2.35% |
| Return on Invested Capital | 2.46% |
| Cash Return on Invested Capital | -32.46% |
COMPANY DETAILS
Marketcap
4.53B
Marketcap category
Mid-cap
Description
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.
Employees
49
Website
SEC filings
CEO
Country
USA
City
Stock type
Common stock
CCC status
Dividend Challenger
Dividend Frequency
Monthly
EVENTS AND PRESENTATIONS
EventsPresentations
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UNDERSTAND THE BUSINESS
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COMPANY NEWS
All newsPress releases
Agree Realty (ADC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
October 19, 2021
The nationwide foreclosure moratorium officially expired at the end of July, and while many borrowers are still eligible for mortgage forbearance -- an option to pause mortgage payments due to financi...
October 18, 2021
Agree Realty (NYSE: ADC) is a real estate investment trust (REIT) focused on retail properties. Here's a closer look at whether Agree Realty's focus on owning properties leased to retailers spells tr...
October 18, 2021
Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.227 per common share, repre...
October 14, 2021
After the recent seesawing action, it would be nice to know where the market is heading next, but that is anyone’s guess. The conflicting signs make for a difficult terrain to navigate across. In the ...
October 4, 2021
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insid...
October 1, 2021
Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its third quarter operating results after the market closes on Monday, November 1, 2021. A conference call to ...
September 30, 2021
For the past few months, I’ve written about monthly dividend real estate investment trusts (REITs) to buy, and while that’s a subset of maybe a dozen real estate stocks, there’s still some variety in ...
September 30, 2021
Potential Agree Realty Corporation ( NYSE:ADC ) shareholders may wish to note that the President, Joel Agree, recently...
September 28, 2021
Joel N. Agree, President And CEO at Agree Realty (NYSE:ADC), made a large insider buy on September 24, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchan...
September 27, 2021
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