ADC - NYSE

Agree Realty Corporation

Agree Realty Corporation

ADCยทNYSE

$72.03

-0.66%
Real EstateREIT - Retail

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.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$8.65B
EPS1.7700
P/E Ratio39.03
Earnings Date07/30/2026
Agree Realty Corporation

Agree Realty Corporation Fair Value Envelope

ADC ยท NYSE

Our analysis suggests that ADC has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $72.03, this represents a potential HIDDEN relative to our calculated worth for Agree Realty Corporation.

HIDDEN
Intrinsic Value
Current Price: $72.03

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$26.5B
+ Cash & Equivalents$16.3M
Firm Value$26.5B
- Debt$3.4B
Equity Value$23.2B
/ Shares Outstanding107,887,044B
DCF Value$215
UNDERVALUED BY 198%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$588.4M
$686.6M
$801.4M
$935.2M
$1.1B
$1.3B
$1.5B
$1.7B
$2.0B
$2.4B
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$588.4M
$686.6M
$801.4M
$935.2M
$1.1B
$1.3B
$1.5B
$1.7B
$2.0B
$2.4B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$544.8M
$588.7M
$636.1M
$687.4M
$742.8M
$802.7M
$867.4M
$937.3M
$1.0B
$1.1B
Terminal Value represents 70.2% of Enterprise Value

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5

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6

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