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Real Estate - REIT - Retail - NYSE - US
$ 71.2
-0.306 %
$ 7.83 B
Market Cap
40.47
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 21, 2025.

The intrinsic value of one ADC stock under the worst case scenario is HIDDEN Compared to the current market price of 71.2 USD, Agree Realty Corporation is HIDDEN

This DCF valuation model was last updated on Jul, 21, 2025.

The intrinsic value of one ADC stock under the base case scenario is HIDDEN Compared to the current market price of 71.2 USD, Agree Realty Corporation is HIDDEN

This DCF valuation model was last updated on Jul, 21, 2025.

The intrinsic value of one ADC stock under the best case scenario is HIDDEN Compared to the current market price of 71.2 USD, Agree Realty Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart ADC

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$79.0$79.0$78.0$78.0$77.0$77.0$76.0$76.0$75.0$75.0$74.0$74.0$73.0$73.0$72.0$72.0$71.0$71.0$70.0$70.0Feb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '2515 Jul15 Jul
FINANCIALS
617 M REVENUE
14.81%
302 M OPERATING INCOME
18.81%
190 M NET INCOME
11.31%
432 M OPERATING CASH FLOW
10.31%
-885 M INVESTING CASH FLOW
30.56%
445 M FINANCING CASH FLOW
-48.76%
169 M REVENUE
5.24%
78.7 M OPERATING INCOME
4.46%
47.1 M NET INCOME
3.90%
127 M OPERATING CASH FLOW
38.58%
-381 M INVESTING CASH FLOW
-9.33%
259 M FINANCING CASH FLOW
3.54%
Balance Sheet Agree Realty Corporation
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Current Assets 113 M
Cash & Short-Term Investments 6.4 M
Receivables 106 M
Other Current Assets 0
Non-Current Assets 8.37 B
Long-Term Investments 0
PP&E 0
Other Non-Current Assets 8.37 B
98.67 %Total Assets$8.5b
Current Liabilities 144 M
Accounts Payable 116 M
Short-Term Debt 0
Other Current Liabilities 27.8 M
Non-Current Liabilities 2.83 B
Long-Term Debt 2.78 B
Other Non-Current Liabilities 51 M
3.91 %93.44 %Total Liabilities$3.0b
EFFICIENCY
Earnings Waterfall Agree Realty Corporation
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Revenue 617 M
Cost Of Revenue 74.8 M
Gross Profit 542 M
Operating Expenses 240 M
Operating Income 302 M
Other Expenses 112 M
Net Income 190 M
700m700m600m600m500m500m400m400m300m300m200m200m100m100m00617m(75m)542m(240m)302m(112m)190mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
87.87% GROSS MARGIN
87.87%
48.98% OPERATING MARGIN
48.98%
30.66% NET MARGIN
30.66%
3.43% ROE
3.43%
2.23% ROA
2.23%
3.54% ROIC
3.54%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Agree Realty Corporation
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450m450m400m400m350m350m300m300m250m250m200m200m150m150m100m100m50m50m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 190 M
Depreciation & Amortization 240 M
Capital Expenditures 0
Stock-Based Compensation 10.8 M
Change in Working Capital -2.57 M
Others -11.1 M
Free Cash Flow 432 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Agree Realty Corporation
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Wall Street analysts predict an average 1-year price target for ADC of $79.1 , with forecasts ranging from a low of $74 to a high of $82.5 .
ADC Lowest Price Target Wall Street Target
74 USD 3.93%
ADC Average Price Target Wall Street Target
79.1 USD 11.06%
ADC Highest Price Target Wall Street Target
82.5 USD 15.87%
Price
Max Price Target
Min Price Target
Average Price Target
8484828280807878767674747272707068686666Sep '24Sep '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
1.01% DIVIDEND YIELD
0.256 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
2.5002.5002.0002.0001.5001.5001.0001.0000.5000.5000.0000.0000.450.4650.4950.520.5550.5850.2070.2070.2070.2270.2270.2270.240.240.240.2470.2470.2470.2530.2530.2530.4650.480.5050.540.570.60.2170.2170.2170.2340.2340.2340.2430.2430.2430.250.250.250.2560.2560.2560.4650.480.5050.540.570.60.2170.2170.2170.2340.2340.2340.2430.2430.2430.250.250.250.2560.4651.850.4951.920.522.030.5551.620.5852.250.622.380.2271.250.2270.870.2270.870.240.920.240.940.240.940.2470.960.2470.970.2470.970.2530.990.2531.000.2531.000.760.510.510.262015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 7
6. Ownership
Insider Ownership Agree Realty Corporation
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
743 K USD 1
0-3 MONTHS
2 M USD 1
3-6 MONTHS
2.13 M USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Prediction: 2 Stocks That Will Be Worth More Than Annaly Capital 5 Years From Now Annaly Capital (NLY 0.66%) has a huge dividend yield that approaches 15%. And the mortgage real estate investment trust (REIT) just increased its dividend at the start of 2025. fool.com - 3 days ago
My Biggest Regrets As A REIT Investor I have made many mistakes over the years. Some have cost me a lot of money. Learn from my mistakes and avoid major losses. seekingalpha.com - 4 days ago
Double-Checking The Credit Rating (Part 5): Agree Realty Corporation ADC boasts strong asset quality, low debt risk, and a diversified portfolio of nearly 2,400 properties across all 50 states. Moody's Baa1 credit rating is justified by high asset coverage, low secured debt, and robust fixed charge coverage ratios. Market-adjusted metrics confirm ADC's financial strength, with a solid balance sheet and ample liquidity to cover obligations. seekingalpha.com - 5 days ago
2 REITs To Buy Before September 17th, 2025 The Fed is expected to cut interest rates on September 17th, 2025. This could lead to significant upside in the REIT sector. I highlight two REITs that present significant upside potential. seekingalpha.com - 6 days ago
Two Quality Stocks Whose Price Declines May Be Long-Term Buying Opportunities Recent stock price pullbacks in two companies present potential buying opportunities for long-term investors, despite no obvious negative news. I emphasize the importance of distinguishing between temporary dips and fundamental business issues, referencing Warren Buffett's advice. T-Mobile's pullback offers a buying opportunity due to strong earnings growth, robust free cash flow, aggressive buybacks, and double-digit dividend increases. seekingalpha.com - 1 week ago
Nature Medicine Published Phase 1 Results of Innovent Biologics' Anti-CLDN18.2 ADC (IBI343) in Patients with Advanced Gastric/Gastroesophageal Junction Adenocarcinoma SAN FRANCISCO and SUZHOU, China, July 16, 2025 /PRNewswire/ -- Innovent Biologics, Inc. ("Innovent") (HKEX: 01801), a world-class biopharmaceutical company that develops, manufactures and commercializes high-quality medicines for the treatment of oncology, cardiovascular and metabolic, autoimmune, ophthalmology and other major diseases, announced that Nature Medicine (IF: 58.7) has published the results of the Phase 1 clinical study of IBI343, an innovative anti-CLDN18.2 ADC, for the treatment of advanced gastric/gastroesophageal junction (G/GEJ) adenocarcinoma[Link]. Publication in this leading international academic journal indicates the strong recognition of the therapy's clinical potential and marks another significant milestone in China's progress in developing novel anti-tumor medications. prnewswire.com - 1 week ago
Alarm.com Launches the ADC-T25 Smart Thermostat: Advanced HVAC Control at an Accessible Price TYSONS, Va.--(BUSINESS WIRE)--Alarm.com (Nasdaq: ALRM) announces the release of its latest Smart Thermostat—the ADC-T25. Building on the proven reliability of Alarm.com's suite of thermostats, the T25 is compatible with most common HVAC systems, offering the easiest installation yet, a streamlined design, and advanced sensing capabilities, all at a market-expanding, affordable price point. Designed by Building36 with easy installation in mind, the T25 has flexible wiring options that allow it t. businesswire.com - 1 week ago
Defence's Accum Technology with ADC and Radiopharmaceutical Programs Target Cancer Montreal, Quebec--(Newsfile Corp. - July 14, 2025) - Defence Therapeutics Inc. (CSE: DTC) (OTCQB: DTCFF) (FSE: DTC) ("Defence" or the "Company"), a leading biotechnology company specializing in drug delivery technologies, is pleased to announce that its highly impactful programs on ADC and Radiopharma programs, which includes collaborations and preclinical studies on cancer therapies with Accum® are ongoing. Defence's Accum®-based ADCs have demonstrated enhanced intracellular delivery and cytotoxic activity in multiple preclinical cancer models compared to conventional ADCs. newsfilecorp.com - 1 week ago
7 Stocks I'm Buying As Tariffs And Deportations Prowl Behind The Rally Tariff risks are underappreciated by the market; persistently high tariffs could weigh on economic growth, and investor complacency is unwarranted. Slowing population growth and deportations threaten U.S. economic expansion, especially in labor-dependent sectors, as immigration is key to workforce and consumption growth. Utility-scale renewables remain resilient despite policy headwinds, with cost competitiveness and strong demand from major tech firms supporting continued growth. seekingalpha.com - 1 week ago
3 Stocks That Cut You a Check Each Month When you shift from building a nest egg to living off of your savings in retirement, there may also be a big change in the investment approach you take. Income often becomes more important since leaving the workforce means you need to replace the monthly income stream from your job. fool.com - 1 week ago
Agree Realty: Buy The Dip Agree Realty is a high-quality, well-managed REIT with a resilient, investment-grade tenant base and a disciplined acquisition strategy. The recent price dip presents an attractive entry point, offering a 4.3% yield and a forward P/FFO of 16.7. ADC's strong balance sheet, high liquidity, and focus on necessity-based retail support its well-protected dividend and long-term growth. seekingalpha.com - 1 week ago
Agree Realty: The Secret Behind The Highest Quality Net Lease REIT Agree Realty stands out for its disciplined capital allocation, conservative underwriting, and sector-leading balance sheet strength among net lease REITs. ADC prioritizes e-commerce-resistant tenants, maintains high investment-grade exposure, and consistently demonstrates prudent acquisition and disposition strategies. The company's low leverage and minimal near-term debt maturities shield it from interest rate headwinds, supporting reliable AFFO growth and dividend safety. seekingalpha.com - 1 week ago
8. Profile Summary

Agree Realty Corporation ADC

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COUNTRY US
INDUSTRY REIT - Retail
MARKET CAP $ 7.83 B
Dividend Yield 1.01%
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.
Contact 70 East Long Lake Road, Royal Oak, MI, 48304 https://www.agreerealty.com
IPO Date April 15, 1994
Employees 75
Officers Mr. Reuben Goldman Treatman CPA Senior Director of Corporate Finance Mr. Josh Bratton Director of Development Mr. Larry Kaufman Chief Information Officer & Vice President of Continuous Improvement Ms. Danielle M. Spehar J.D. General Counsel Mr. Joel N. Agree J.D. President, Chief Executive Officer & Director Ms. Nicole Witteveen Chief Operating Officer Mr. Peter Coughenour Chief Financial Officer, Secretary & Investor Relations Professional Mr. Stephen Breslin Chief Accounting Officer Mr. Craig Erlich Chief Growth Officer Mr. Richard A. Agree Executive Chairman of the Board