Ticker
ADC

Price
74.21
Stock movement up
+0.14 (0.19%)
Company name
Agree Realty Corporation
Exchange
(NYSE
,
Currency
USD
)
Sector
Real Estate >
REIT-Retail
Market cap
6.57B
Ent value
8.33B
Price/Sales
16.24
Price/Book
1.45
Div yield
3.88%
Div growth
6.73%
Growth years
9
FCF payout
-11.33%
Trailing P/E
47.26
Forward P/E
42.16
PEG
-
EPS growth
9.50%
1 year return
16.28%
3 year return
-0.81%
5 year return
9.36%
10 year return
10.14%
Last updated: 2023-02-06

DIVIDENDS

Dividend yield - 5y

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Dividend yield data
Dividend per share2.88
Dividend yield3.88%
Payout frequencyMonthly
Maximum yield4.82%
Average yield3.77%
Minimum yield2.94%
Discount to avg yield2.81%
Upside potential2.89%
Yield as % of max yield80.55%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield3.88%
Current yield distribution37.70%
Yield at 100% (Min)2.94%
Yield at 90%3.23%
Yield at 80%3.45%
Yield at 50% (Median)3.80%
Yield at 20%4.08%
Yield at 10%4.25%
Yield at 0% (Max)4.82%

Dividend per share

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Dividend per share data
Years of growth9 years
CCC statusDividend Challenger
Dividend per share2.88
Payout frequencyMonthly
Ex-div date30 Jan 2023
EPS (TTM)1.73
EPS (1y forward)1.76
EPS growth (5y)9.50%
EPS growth (5y forward)-0.90%

Dividend growth

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Dividend growth data
ADCS&P500
DGR MR2.56%11.59%
DGR TTM7.39%10.54%
DGR 3 years7.15%4.00%
DGR 5 years6.73%5.65%
DGR 10 years5.77%7.37%
DGR 15 years2.38%5.83%
Time since last change announced119 days
EPS growth (5y)9.50%
EPS growth (5y forward)-0.90%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM171.26%-11.33%
Average120.79%-19.33%
Forward163.64%-

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E47.26
Price to OCF19.96
Price to FCF-
Price to EBITDA19.18
EV to EBITDA24.31

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales16.24
Price to Book1.45
EV to Sales20.58

FINANCIALS

Per share

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Per share data
Current share count88.57M
EPS (TTM)1.73
FCF per share (TTM)-26.09

Income statement

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Income statement data
Revenue (TTM)404.69M
Gross profit (TTM)369.41M
Operating income (TTM)207.63M
Net income (TTM)139.08M
EPS (TTM)1.73
EPS (1y forward)1.76

Margins

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Margins data
Gross margin (TTM)91.28%
Operating margin (TTM)51.31%
Profit margin (TTM)34.37%

Balance Sheet

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Balance Sheet data
Cash250.49M
Net receivables68.70M
Total current assets319.18M
Goodwill0.00
Intangible assets763.46M
Property, plant and equipment0.00
Total assets6.56B
Accounts payable85.64M
Short/Current long term debt3.65B
Total current liabilities1.95B
Total liabilities2.01B
Shareholder's equity4.55B
Net tangible assets4.37B

Cash flow

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Cash flow data
Operating cash flow (TTM)329.29M
Capital expenditures (TTM)2.43B
Free cash flow (TTM)-2.10B
Dividends paid (TTM)238.20M

Financial returns

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Financial returns data
Return on Equity3.06%
Return on Assets2.12%
Return on Invested Capital1.68%
Cash Return on Invested Capital-25.41%

STOCK INFORMATION

Stock chart

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Stock price data
Open73.85
Daily high74.33
Daily low73.14
Daily Volume972K
All-time high80.35
1y analyst estimate76.58
Beta0.46
EPS (TTM)1.73
Dividend per share2.88
Ex-div date30 Jan 2023
Next earnings date14 Feb 2023

Downside potential

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Downside potential data
ADCS&P500
Current price drop from All-time high-7.64%-14.21%
Highest price drop-74.32%-56.47%
Date of highest drop5 Mar 20099 Mar 2009
Avg drop from high-17.35%-11.49%
Avg time to new high39 days13 days
Max time to new high2311 days1805 days
COMPANY DETAILS
ADC (Agree Realty Corporation) company logo
Marketcap
6.57B
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
57
Investor relations
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
Realty Income (NYSE: O) has become a poster child for reliable dividend-paying stocks. With more than 117 dividend increases and 631 consecutive monthly dividend payments, its track record is hard to...
February 6, 2023
Size often confers advantages in the real estate sector, but Agree Realty is showing the benefits of being small are pretty good, too.
February 1, 2023
S&P SmallCap 600 constituent Agree Realty Corp. (NYSE:ADC) will replace STORE Capital Corp. (NYSE:STOR) in the S&P MidCap 400, and Comstock Resources Inc. (NYSE:CRK) will replace Agree Realty in the S...
January 30, 2023
The top dividend stocks to buy and hold today come from a variety of sectors but all have reliability in common. The year ahead could be just as bumpy as 2022, but don’t let that chase you away. Inste...
January 29, 2023
Agree Realty has turned $1,000 into nearly $6,000 since the Great Recession and signs point to more outperformance.
January 27, 2023
While it's possible that the economy could avoid a recession, a recent poll of economists by The Wall Street Journal put the probability of a recession at 61% this year. This means investors should c...
January 24, 2023
Challenging economic circumstances and the growing concern over a potential recession have put tremendous pressure on the broader market. Thankfully, there are stocks that are not just outpacing the ...
January 22, 2023
These stocks should continue to pay healthy dividends no matter where the economy is headed this year.
January 21, 2023
While past performance is no guarantee of future results, it's not a bad place to start, and you could have done worse in the past decade than buying shares of Prologis (NYSE: PLD) or Agree Realty (NY...
January 13, 2023
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 $0.240 per common share. The m...
January 12, 2023
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