Agree Realty (ADC) Stock Price

Agree Realty Price

NYSE·CLOSED
75.56USD-0.75 (-0.98 %)
Market closed

Revenue has compounded at 17.6% per year over the past 19 years to 718.40 M USD. Earnings per share have declined at 0.1% per year over the last 19 years. Agree Realty's net margin stands at 28.4%, down from 36.0% several years earlier. Agree Realty currently offers a dividend yield of about 4.08%. The payout ratio is around 173% of earnings. The dividend has grown at 2.4% per year over the past 19 years. Analysts set a median price target of 83.64 USD, implying 10.7% above the current price. Of 24 analysts, 16 rate the stock a buy — an overall Buy consensus. The stock trades about 8% above its 52-week low.

Agree Realty stock price

Volume
Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of Agree Realty over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Agree Realty stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Agree Realty's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Agree Realty Stock Price History
DateAgree Realty Price
8/5/202675.56 USD
8/4/202676.31 USD
8/3/202676.91 USD
7/31/202677.80 USD
7/30/202678.41 USD
7/29/202681.42 USD
7/27/202681.20 USD
7/23/202679.81 USD
7/22/202680.22 USD
7/21/202680.26 USD
7/20/202680.57 USD
7/17/202681.12 USD
7/16/202680.75 USD
7/15/202677.64 USD
7/14/202677.99 USD
7/13/202678.55 USD
7/10/202677.95 USD
7/9/202677.85 USD
7/8/202677.84 USD
7/7/202678.40 USD
7/6/202677.21 USD
7/2/202677.81 USD
7/1/202676.28 USD
6/30/202675.74 USD
6/29/202676.39 USD
6/26/202677.03 USD
6/25/202675.98 USD
6/24/202675.32 USD
6/23/202674.37 USD
6/22/202673.94 USD
6/18/202673.68 USD
6/17/202674.16 USD
6/16/202674.42 USD
6/15/202675.30 USD
6/12/202675.69 USD
6/11/202676.03 USD
6/10/202675.44 USD
6/9/202674.55 USD
6/8/202673.24 USD
6/5/202673.01 USD
6/4/202671.75 USD
6/3/202672.56 USD
6/2/202672.50 USD
6/1/202673.51 USD
5/29/202673.63 USD
5/28/202674.69 USD
5/27/202675.66 USD
5/26/202675.37 USD
5/22/202674.92 USD
5/21/202675.43 USD
5/20/202675.54 USD
5/19/202675.61 USD
5/18/202675.77 USD
5/15/202674.46 USD
5/14/202675.28 USD
5/13/202675.16 USD
5/12/202676.54 USD
5/11/202676.39 USD
5/8/202676.22 USD
5/7/202676.33 USD
5/6/202676.50 USD
5/5/202675.95 USD
5/4/202676.00 USD
5/1/202676.36 USD
4/30/202677.11 USD
4/29/202676.35 USD
4/28/202676.85 USD
4/27/202675.98 USD
4/24/202676.69 USD
4/23/202677.25 USD
4/22/202676.67 USD
4/21/202678.86 USD
4/20/202679.56 USD
4/17/202679.46 USD
4/16/202678.93 USD
4/15/202678.01 USD
4/14/202677.80 USD
4/13/202677.53 USD
4/10/202678.17 USD
4/9/202677.97 USD
4/8/202676.76 USD
4/7/202676.45 USD
4/6/202675.53 USD
4/2/202676.61 USD
4/1/202675.84 USD
3/31/202675.38 USD
3/30/202674.97 USD
3/27/202674.41 USD
3/26/202674.40 USD
3/25/202674.22 USD
3/24/202675.24 USD
3/23/202675.72 USD
3/20/202676.26 USD
3/19/202678.67 USD
3/18/202678.67 USD
3/17/202680.04 USD
3/16/202679.79 USD
3/13/202679.20 USD
3/12/202679.66 USD
3/11/202679.85 USD
3/10/202680.49 USD
3/9/202681.06 USD
3/6/202681.35 USD
3/5/202681.03 USD
3/4/202681.82 USD
3/3/202681.92 USD
3/2/202681.13 USD
2/27/202680.48 USD
2/26/202679.78 USD
2/25/202679.56 USD
2/24/202679.26 USD
2/23/202679.32 USD
2/20/202678.24 USD
2/19/202677.13 USD
2/18/202676.69 USD
2/17/202679.17 USD
2/13/202678.08 USD
2/12/202676.58 USD
2/11/202676.75 USD
2/10/202676.51 USD
2/9/202675.30 USD
2/6/202674.74 USD
2/5/202676.13 USD
2/4/202673.89 USD
2/3/202672.20 USD
2/2/202671.04 USD
1/30/202672.24 USD
1/29/202671.96 USD
1/28/202671.08 USD
1/27/202672.78 USD
1/26/202672.65 USD
1/23/202672.55 USD
1/22/202672.03 USD
1/21/202672.19 USD
1/20/202673.19 USD
1/16/202673.19 USD
1/15/202671.96 USD
1/14/202672.31 USD
1/13/202671.41 USD
1/12/202671.38 USD
1/9/202670.51 USD
1/8/202670.81 USD
1/7/202670.46 USD
1/6/202670.56 USD
1/5/202671.82 USD
1/2/202672.12 USD
12/31/202572.03 USD
12/30/202572.84 USD
12/29/202572.56 USD
12/26/202572.40 USD
12/24/202572.40 USD
12/23/202572.04 USD
12/22/202572.33 USD
12/19/202572.10 USD
12/18/202572.37 USD
12/17/202572.17 USD
12/16/202571.06 USD
12/15/202571.85 USD
12/12/202571.75 USD
12/11/202571.26 USD
12/10/202571.26 USD
12/9/202571.30 USD
12/8/202572.69 USD
12/5/202573.90 USD
12/4/202574.61 USD
12/3/202574.47 USD
12/2/202574.15 USD
12/1/202574.64 USD
11/28/202575.22 USD
11/26/202575.14 USD
11/25/202575.10 USD
11/24/202574.33 USD
11/21/202574.53 USD
11/20/202573.69 USD
11/19/202573.25 USD
11/18/202573.91 USD
11/17/202573.82 USD
11/14/202573.78 USD
11/13/202573.70 USD
11/12/202573.34 USD
11/11/202573.77 USD
11/10/202573.43 USD
11/7/202573.41 USD
11/6/202572.52 USD
11/5/202572.45 USD
11/4/202572.34 USD
11/3/202573.02 USD
10/31/202573.01 USD
10/30/202572.51 USD
10/29/202573.09 USD
10/28/202574.04 USD
10/27/202574.96 USD
10/24/202575.37 USD
10/23/202575.14 USD
10/22/202575.14 USD
10/21/202575.00 USD
10/20/202575.76 USD
10/17/202575.07 USD
10/16/202574.55 USD
10/15/202573.75 USD
10/14/202573.15 USD
10/13/202572.69 USD
10/10/202571.02 USD
10/9/202570.60 USD
10/8/202570.52 USD
10/7/202570.46 USD
10/6/202570.22 USD
10/3/202570.76 USD
10/2/202570.69 USD
10/1/202571.72 USD
9/30/202571.04 USD
9/29/202570.53 USD
9/28/202570.53 USD
9/25/202571.26 USD
9/24/202570.58 USD
9/23/202571.44 USD
9/22/202570.86 USD
9/19/202571.23 USD
9/18/202571.53 USD
9/17/202571.98 USD
9/16/202572.06 USD
9/15/202572.96 USD
9/12/202573.42 USD
9/11/202573.74 USD
9/10/202571.97 USD
9/9/202572.31 USD
9/8/202572.62 USD
9/5/202572.95 USD
9/4/202572.00 USD
9/3/202571.89 USD
9/2/202572.20 USD
8/29/202572.74 USD
8/28/202573.57 USD
8/27/202572.80 USD
8/26/202572.13 USD
8/25/202572.49 USD
8/22/202573.13 USD
8/21/202574.04 USD
8/20/202573.89 USD
8/19/202573.48 USD
8/18/202571.96 USD
8/15/202572.57 USD
8/14/202572.84 USD
8/13/202572.27 USD
8/12/202572.66 USD
8/11/202572.87 USD
8/8/202572.16 USD
8/7/202573.87 USD
Access this data via the Eulerpool API
Get Free API Key

Agree Realty Revenue, FFO, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
FFO
Net Income
Details
Date
Revenue
FFO
Net Income
Jan 1, 2023
537.50 M USD
379.92 M USD
169.96 M USD
Jan 1, 2024
617.10 M USD
430.06 M USD
189.20 M USD
Jan 1, 2025
718.40 M USD
480.71 M USD
204.35 M USD
Jan 1, 2026 (e)
830.42 M USD
0.00 USD
215.70 M USD
Jan 1, 2027 (e)
906.54 M USD
0.00 USD
228.58 M USD
Jan 1, 2028 (e)
1.00 B USD
0.00 USD
233.10 M USD
Jan 1, 2029 (e)
1.10 B USD
0.00 USD
239.08 M USD
Jan 1, 2030 (e)
1.15 B USD
0.00 USD
247.98 M USD

Agree Realty Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 7, 2026, 6:50 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
0.070.090.110.140.190.250.340.430.540.620.720.830.911.001.101.15
30.1931.8821.9823.4236.5032.6236.6926.5525.1714.9016.3715.609.1610.609.684.64
91.3090.1189.1987.5987.1787.1087.9187.8887.5287.8487.7487.7487.7487.7487.7487.74
0.060.080.100.120.160.220.300.380.470.540.630.730.790.880.961.01
40.0051.0062.0073.00102.00133.00190.00218.00254.00302.00340.00409.00447.00494.00542.00567.00
57.9756.0455.8653.2854.5553.6356.0550.8247.3048.9547.3549.2849.3449.3049.3249.30
39.0045.0058.0058.0080.0091.00122.00152.00169.00189.00204.00215.00228.00233.00239.00247.00
116.6715.3828.89–37.9313.7534.0724.5911.1811.837.945.396.052.192.583.35
1.851.922.032.162.282.412.602.812.923.003.081.591.591.59––
6.323.785.216.935.565.707.888.083.912.742.67-48.38––––
19.1325.4729.6235.1843.0056.0670.6188.81100.40104.70115.00115.00115.00115.00115.00115.00
Details

Income Statement Key Figures

ⓘ

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Agree Realty generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Agree Realty retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Agree Realty's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Agree Realty has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Agree Realty's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Agree Realty stock margins

The Agree Realty margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Agree Realty. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Agree Realty.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
87.90 %
56.07 %
36.03 %
Jan 1, 2022
87.84 %
50.74 %
35.47 %
Jan 1, 2023
87.59 %
47.33 %
31.62 %
Jan 1, 2024
87.87 %
48.98 %
30.66 %
Jan 1, 2025
87.73 %
47.38 %
28.45 %
Jan 1, 2026 (e)
87.73 %
49.36 %
25.97 %
Jan 1, 2027 (e)
87.73 %
49.36 %
25.21 %
Jan 1, 2028 (e)
87.73 %
49.36 %
23.26 %

Agree Realty Stock Revenue, EBIT, Earnings per Share

The Agree Realty earnings per share therefore indicates how much revenue Agree Realty has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
4.81 USD
2.69 USD
1.73 USD
Jan 1, 2022
4.84 USD
2.46 USD
1.72 USD
Jan 1, 2023
5.35 USD
2.53 USD
1.69 USD
Jan 1, 2024
5.89 USD
2.89 USD
1.81 USD
Jan 1, 2025
6.25 USD
2.96 USD
1.78 USD
Jan 1, 2026 (e)
7.47 USD
3.56 USD
1.94 USD
Jan 1, 2027 (e)
8.15 USD
3.89 USD
2.06 USD
Jan 1, 2028 (e)
9.01 USD
4.30 USD
2.10 USD

Agree Realty business model & stock analysis

Agree Realty Corp is a US real estate investment company based in Bloomfield Hills, Michigan. It was founded in 1971 and initially focused on the development of shopping centers and residential properties in Michigan. However, since the 1990s, it has expanded its business model and now focuses on acquiring, holding, and managing retail properties in the US. Agree Realty Corp primarily purchases and holds freestanding properties, which are properties that stand separately and independently from other buildings on a plot of land. Its properties include supermarkets, pharmacies, restaurants, banks, and other retail stores. Most of its properties are leased long-term, providing these businesses with a stable and secure foundation. The business model of Agree Realty Corp is based on acquiring smaller retail properties that generate a stable cash flow and support the company's growth. The company uses a success-based strategy and aims to acquire properties with high retail attractiveness and strong demographics in the surrounding area. By purchasing properties in strategic regions and with stable tenants, the company aims to maximize its return on investment. Agree Realty Corp also operates divisions that specialize in specific types of properties, such as strip centers and convenience stores. Other divisions focus on specific regions in the US, such as the Midwest or the East Coast. Through this specialization, the company is able to effectively serve different markets and optimize its sources of income. Additionally, Agree Realty Corp offers a variety of services that allow its clients to manage and optimize their properties. These services include management, leasing, marketing, and other services aimed at ensuring smooth operations of the properties and satisfying customers. Through these services, Agree Realty Corp creates value for its clients while simultaneously maximizing its own profits. Overall, Agree Realty Corp is an experienced and established real estate investment company with a solid business model. The company specializes in acquiring and holding retail properties that offer a stable cash flow and high retail attractiveness. Through its specialization in different regions and property types, the company is able to build a diverse income base and maximize its return on investment.

Agree Realty SWOT Analysis

Strengths

Agree Realty Corp demonstrates several significant strengths that contribute to its success and market position.

Agree Realty Corp owns a diverse portfolio of high-quality real estate assets, primarily concentrated in the retail sector. This diversified portfolio provides stability and a resilient revenue stream.

The company benefits from long-term, triple net lease agreements with reputable tenants. These leases typically require tenants to pay all operating expenses, providing a consistent and predictable cash flow.

Weaknesses

Despite its strengths, Agree Realty Corp also faces certain weaknesses that may impact its performance.

The company's portfolio is heavily weighted towards retail properties, which exposes it to the risks associated with shifts in consumer behavior and economic downturns. Such concentration increases vulnerability to market fluctuations.

While the long-term lease agreements offer stability, the company's success is dependent on the financial health and stability of its tenants. Financial difficulties or bankruptcies of major tenants could negatively impact the company's cash flow.

Opportunities

Several prospects exist for Agree Realty Corp to further enhance its growth and market standing.

The company can leverage its strong financial position to acquire additional real estate assets and expand its portfolio. This would diversify risk and increase market reach.

By adapting to the changing retail landscape and integrating e-commerce capabilities, Agree Realty Corp can attract tenants in the ever-growing online retail industry and minimize risks associated with traditional brick-and-mortar retail.

Threats

Certain threats exist that may impact Agree Realty Corp's operations and future growth prospects.

Unforeseen economic events, such as recessions or market instability, can negatively affect consumer spending and lead to reduced demand for retail space. This poses a potential risk to Agree Realty Corp's rental income.

The real estate market is highly competitive, with numerous players vying for quality properties and reputable tenants. Increased competition may limit acquisition opportunities and potentially affect rental rates.

Agree Realty Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Agree Realty Employees
Details
Date
Agree Realty Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Agree Realty Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Agree Realty historical P/E ratio, EBIT multiple, and P/S ratio

Agree Realty annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Agree Realty shares outstanding

The number of shares of Agree Realty was 115 M in 2025. This indicates how many shares Agree Realty is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
70.61 M Stocks
Jan 1, 2022
88.81 M Stocks
Jan 1, 2023
100.40 M Stocks
Jan 1, 2024
104.70 M Stocks
Jan 1, 2025
115.00 M Stocks
Jan 1, 2026 (e)
115.00 M Stocks
Jan 1, 2027 (e)
115.00 M Stocks
Jan 1, 2028 (e)
115.00 M Stocks

Agree Realty Dividend History

33 years of dividend payments

YearAnnual DividendYoY ChangePayments
20261.59USD↓ 48.5%6×
Jan 30, 20260.26USD 0.0%1/6
Feb 27, 20260.26USD 0.0%2/6
Mar 31, 20260.26USD 0.0%3/6
Apr 30, 20260.27USD↑ 1.9%4/6
May 29, 20260.27USD 0.0%5/6
Jun 30, 20260.27USD 0.0%6/6
20253.08USD↑ 2.7%12×
Jan 31, 20250.25USD 0.0%1/12
Feb 28, 20250.25USD 0.0%2/12
Mar 31, 20250.25USD 0.0%3/12
Apr 30, 20250.26USD↑ 1.2%4/12
May 30, 20250.26USD 0.0%5/12
Jun 30, 20250.26USD 0.0%6/12
Jul 31, 20250.26USD 0.0%7/12
Aug 29, 20250.26USD 0.0%8/12
Sep 30, 20250.26USD 0.0%9/12
Oct 31, 20250.26USD↑ 2.3%10/12
Nov 28, 20250.26USD 0.0%11/12
Dec 31, 20250.26USD 0.0%12/12
20243.00USD↑ 2.8%12×
20232.92USD↑ 4.1%12×
20222.81USD↑ 7.7%12×
20212.60USD↑ 8.3%12×
20202.41USD↑ 5.5%4×
20192.28USD↑ 5.8%4×
20182.16USD↑ 6.4%4×
20172.03USD↑ 5.5%4×

Agree Realty dividend history and estimates

In 2025, Agree Realty paid a dividend amounting to 3.08 USD. Dividend means that Agree Realty distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
2.60 USD
0.00 USD
Jan 1, 2022
2.81 USD
0.00 USD
Jan 1, 2023
2.92 USD
0.00 USD
Jan 1, 2024
3.00 USD
0.00 USD
Jan 1, 2025
3.08 USD
0.00 USD
Jan 1, 2026
1.59 USD
0.00 USD
Jan 1, 2027 (e)
0.00 USD
1.59 USD
Jan 1, 2028 (e)
0.00 USD
1.59 USD

Agree Realty dividend payout ratio

In 2025, Agree Realty had a payout ratio of 73.71%. The payout ratio indicates the percentage of the company's profits that Agree Realty distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

FFO payout ratio
Details
Date
FFO payout ratio
Jan 1, 2021
75.70 %
Jan 1, 2022
77.86 %
Jan 1, 2023
77.14 %
Jan 1, 2024
73.04 %
Jan 1, 2025
73.71 %
Jan 1, 2026 (e)
0.00 %
Jan 1, 2027 (e)
0.00 %
Jan 1, 2028 (e)
0.00 %

Current Agree Realty forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
66.67 % (16)
Hold
33.33 % (8)
Sell
0.00 % (0)
12M Price Target
83.64
Last Price
76.35
Currency
USD
12M Return Potential
9.55 %
LTM Return
0 %

Agree Realty Analyst Rating Actions

DateFirmActionRatingReliability
7/22/2026
Barclays
Barclays
MaintainedEqual Weight33
5/19/2026
Barclays
Barclays
MaintainedEqual Weight33
5/13/2026
Mizuho
Mizuho
MaintainedNeutral31
4/24/2026
Citigroup
Citigroup
MaintainedNeutral48
4/23/2026
RBC Capital
RBC Capital
MaintainedOutperform52
4/22/2026
Baird
Baird
MaintainedOutperform–
4/21/2026
Barclays
Barclays
MaintainedEqual Weight33
4/17/2026
BMO Capital
BMO Capital
DowngradeOutperformMarket Perform–
3/23/2026
Truist Securities
Truist Securities
MaintainedBuy–
3/17/2026
Raymond James
Raymond James
MaintainedStrong Buy74

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Agree Realty Earnings Calls

2025

Agree Realty Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
7/30/20260.48USD-203.95 MUSD-2026 Q2
4/21/20260.49USD-193.70 MUSD-2026 Q1
2/10/20260.48USD-187.36 MUSD-2025 Q4
5/2/20240.47USD-146.11 MUSD-2024 Q1
2/12/20240.45USD-142.92 MUSD-2023 Q4
7/31/20230.33USD-124.45 MUSD-2023 Q2
5/1/20230.34USD-120.51 MUSD-2023 Q1
2/20/20230.35USD-116.11 MUSD-2022 Q4
11/1/20220.45USD-111.33 MUSD-2022 Q3
8/2/20220.45USD-103.81 MUSD-2022 Q2
...

EESG©

Eulerpool ESG Scorecard© for the Agree Realty stock

39/100
35
Environment
59
Social
22
Governance
E

Environment

20
Scope 1 - Direct Emissions271
Scope 2 - Indirect emissions from purchased energy1,271
Scope 3 - Indirect emissions within the value chain—
Total CO₂ emissions1,542
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees47
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Agree Realty shareholder structure

% Name
16.08804%
BLACKROCK, INC.
BLACKROCK, INC.
16.06496%
COHEN & STEERS, INC.
COHEN & STEERS, INC.
14.05350%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
12.67524%
Cohen & Steers Capital Management, Inc.
Cohen & Steers Capital Management, Inc.
11.17827%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
9.22657%
VANGUARD PORTFOLIO MANAGEMENT LLC
VANGUARD PORTFOLIO MANAGEMENT LLC
...

Agree Realty Beneficial Ownership Filings (SEC 13D/G)

Free Float
97.9%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
19.40%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
18.80%
(1)Names of reporting persons. BlackRock, Inc.
(1)Names of reporting persons. BlackRock, Inc.
SEC ↗
15.40%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
14.93%
Cohen & Steers, Inc.
Cohen & Steers, Inc.
SEC ↗
10.90%
BlackRock, Inc.
BlackRock, Inc.
SEC ↗
9.18%
13-3353336
13-3353336
SEC ↗
8.56%
Vanguard Portfolio Management
Vanguard Portfolio Management
SEC ↗
6.79%
Cohen & Steers, Inc. 14-1904657
Cohen & Steers, Inc. 14-1904657
SEC ↗
6.79%
Cohen & Steers Capital Management, Inc.     13-3353336
Cohen & Steers Capital Management, Inc.     13-3353336
SEC ↗
6.75%
VANGUARD SPECIALIZED FUNDS - VANGUARD REIT INDEX FUND - 23-2834924
VANGUARD SPECIALIZED FUNDS - VANGUARD REIT INDEX FUND - 23-2834924
SEC ↗

Agree Realty Executives and Management Board

14 members · avg. age 58 · 36 % women

JA

Mr. Joel Agree (46)

President, Chief Executive Officer, Director · since 2006

8.35 M USD

Management

PC

Mr. Peter Coughenour (33)

Chief Financial Officer, Secretary

2.05 M USD
CE

Mr. Craig Erlich (57)

Chief Growth Officer · since 2018

1.97 M USD
NW

Ms. Nicole Witteveen (35)

Chief Operating Officer

1.51 M USD
DS

Ms. Danielle Spehar (57)

General Counsel

1.40 M USD

Board of Directors

RA

Mr. Richard Agree (81)

Executive Chairman of the Board · since 1993

471,022.00 USD
WL

Mr. W. Gregory Lehmkuhl (52)

Lead Independent Director

235,000.00 USD
KD

Ms. Karen Dearing (60)

Independent Director

210,000.00 USD
MF

Ms. Merrie Frankel (70)

Independent Director

205,000.00 USD
LH

Ms. Linglong He (60)

Independent Director

185,000.00 USD
MH

Mr. Michael Hollman (44)

Independent Director

185,000.00 USD

Agree Realty Supply Chain

Agree Realty Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
15 companies
#Nameβ 1YTrend
1
Burlington Stores
Customer·Specialty Retail·US
-0.60
-0.13
0.26
0.32
0.73
0.66
1.68
2
Ashtead Group
Customer·Trading Companies & Distributors·GB
0.08
0.24
-0.48
0.13
0.35
0.58
—
3
Sherwin-Williams
Customer·Chemicals·US
-0.29
0.10
0.45
0.41
0.34
0.58
0.55
4
Walgreens Boots Alliance
Customer·Food & Staples Retailing·US
-0.05
-0.41
-0.47
-0.43
-0.12
0.41
-0.07
5
O'Reilly Automotive
Customer·Specialty Retail·US
0.13
0.21
0.08
0.29
-0.43
0.37
-0.53
#Nameβ 1YTrend
1
Dollar Tree
Customer·Multiline Retail·US
-0.21
-0.19
0.47
0.34
-0.54
-0.07
-1.11
2
Sumitomo
Customer·Trading Companies & Distributors·JP
-0.07
0.04
0.23
-0.06
-0.59
0.13
-1.54
3
Walmart
Customer·Food & Staples Retailing·US
-0.58
-0.57
0.67
0.46
0.14
0.16
0.19
4
CVS Health
Customer·Health Care Providers & Services·US
0.14
-0.17
-0.13
-0.42
-0.75
0.20
-1.29
5
Kroger
Customer·Food & Staples Retailing·US
-0.44
-0.11
0.67
0.24
-0.38
0.20
-0.60

Frequently asked questions about Agree Realty

Agree Realty Corp operates under a business model focused on the acquisition and development of retail properties. The company primarily engages in investing in properties that are net leased to retail tenants. Through long-term lease agreements, Agree Realty Corp generates stable rental income. The company focuses on acquiring properties that are occupied by well-established, creditworthy tenants, allowing for reduced risk and steady cash flow. By strategically diversifying its portfolio across multiple retail sectors, including essential sectors such as grocery stores and pharmacies, Agree Realty Corp aims to maintain a resilient and sustainable business model.

Agree Realty Corp is primarily active in the real estate industry. They focus on acquiring and developing properties in sectors such as retail, industrial, office, and other commercial properties. With a diverse portfolio, Agree Realty Corp works with various tenants including national and regional brands, ensuring a stable and profitable investment for shareholders.

The main competitors of Agree Realty Corp in the market include Realty Income Corporation, National Retail Properties, and STORE Capital Corporation.

Agree Realty Corp is a renowned real estate investment trust (REIT) that focuses on the acquisition and development of properties primarily leased by retail tenants. Founded in 1971, Agree Realty has an extensive history of providing premier real estate solutions to its clients. Over the years, the company has established itself as a leader in the industry, delivering consistent income and capital appreciation to its shareholders. With a diverse portfolio of properties across various geographic locations in the United States, Agree Realty Corp continues to thrive and offer attractive investment opportunities for its stakeholders.

Agree Realty Corp has achieved several significant milestones. Over the years, the company has experienced remarkable growth and success. One of its notable achievements includes consistently delivering strong financial performance, with increasing revenues and profits year after year. Moreover, Agree Realty Corp has successfully expanded its portfolio, acquiring and developing numerous high-quality properties across various industries and geographies. By focusing on long-term relationships and delivering exceptional value to its clients, the company has established itself as a leading player in the real estate industry. Its dedication to sustainability and corporate responsibility has also been recognized, further contributing to its accomplishments.

Agree Realty Corp primarily operates in the United States.

Agree Realty Corp represents strong values and a solid corporate philosophy. As a reputable real estate investment trust (REIT), their primary focus is on acquiring and developing properties for long-term investment. Agree Realty Corp is committed to providing stable and reliable returns to its investors by maintaining a diverse portfolio of high-quality properties across various industries. With a customer-centric approach, they prioritize building long-lasting relationships and engaging in responsive tenant management. Agree Realty Corp also values integrity, transparency, and accountability in all their business dealings, ensuring sustainable growth and delivering value to their shareholders.

Analysts currently set an average price target of 83.49 USD for the Agree Realty stock (median: 83.64 USD), implying +9.4 % versus the latest price. The consensus is based on 24 analyst ratings.

Agree Realty Analyst Price Targets 2026

24 analysts currently rate the Agree Realty stock: 16 recommend buying, 8 holding and 0 selling. For 2026, analysts expect Agree Realty to generate revenue of 830.42 M USD and earnings per share of 1.88 USD.

Agree Realty Analyst Price Targets 2026

Converted at the current exchange rate, the Agree Realty share trades at 65.53 EUR (75.56 USD).

The Agree Realty share (ADC) is listed on 4 stock exchanges, including: NYSE (ADC), Frankfurt (AGL.F), München (AGL.MU), Düsseldorf (AGL.DU).

Agree Realty Corp is a real estate company specializing in the ownership, operation, and development of retail properties in the United States. The company currently owns over 900 properties in the USA and is constantly working to expand its portfolio. Agree Realty operates in various segments such as retail properties, banks, fast food restaurants, pharmacies, supermarkets, and other industries expected to have long-term, stable growth. The company offers lease agreements that ensure long-term property rental and satisfy its customers and shareholders. Agree Realty Corp is constantly looking for new opportunities to increase its portfolio with high-quality properties in locations it deems stable and profitable. The company collaborates with industry leaders to ensure it acquires and develops only the best properties, contributing to the high profitability of the real estate. Agree Realty Corp has gained a reputation as a reliable and experienced partner in real estate transactions, as well as property selection and rental. The company offers its customers a wide range of different properties, including acquiring new properties, financing, construction, and rental. The goal of Agree Realty Corp is to satisfy the needs of its customers. Agree Realty Corp's retail properties focus on quality, reliability, and longevity. The company focuses on acquiring and developing properties in locations where stable revenue and sustainable growth are expected. The properties can be found in key markets, including the most populated regions of the USA. The company offers a wide range of products and services to meet the needs of its customers. Services also include assistance with long-term lease and financing agreements to alleviate predictable financial uncertainty for its customers. Due to its strategic focus on the retail business, Agree Realty Corp is a strong competitor in the market that prioritizes the needs of its customers and constantly strives to improve its offerings and services. As an SEO-optimized text, this article aims to increase the visibility and recognition of the company and its services in the online sphere.

The expected revenue of Agree Realty is 830.42 M USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Agree Realty is 215.70 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Agree Realty is currently 40.28. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Agree Realty stock.

The price-to-sales ratio (P/S) of Agree Realty is currently 10.46. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Agree Realty stock.

The Eulerpool Quality Score for Agree Realty is 6/10.

The ISIN of Agree Realty is US0084921008. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Agree Realty is 890700. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Agree Realty is ADC. The ticker symbol is used to trade Agree Realty shares on the stock exchange.

Over the past 12 months, Agree Realty paid a dividend of 3.08 USD . This corresponds to a dividend yield of about 4.08 %. For the coming 12 months, Agree Realty is expected to pay a dividend of 1.59 USD.

The current dividend yield of Agree Realty is 4.08 %.

Agree Realty pays a dividend, distributed in the months of , , , .

Agree Realty paid dividends every year for the past 32 years.

For the upcoming 12 months, dividends amounting to 1.59 USD are expected. This corresponds to a dividend yield of 2.10 %.

Agree Realty is assigned to the 'Real Estate' sector.

In the year 2025, Agree Realty distributed 3 USD as dividends.

The dividends of Agree Realty are distributed in USD.

All fundamentals and in-depth analysis of Agree Realty

Our stock analysis for Agree Realty stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Agree Realty. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

Agree Realty Stock
Agree Realty Revenue→
Agree Realty Stock
Agree Realty Net Income→
Agree Realty Stock
Agree Realty P/E→
Agree Realty Stock
Agree Realty P/S→
Agree Realty Stock
Agree Realty EBIT→
Agree Realty Stock
Agree Realty Dividend→
Agree Realty Stock
Agree Realty Directors Dealings→
Agree Realty Stock
Agree Realty Stocks→
Agree Realty Stock
Agree Realty Market capitalization→
Agree Realty Stock
Agree Realty Debt→
Agree Realty Stock
Agree Realty Liabilities→
Agree Realty Stock
Agree Realty Equity→
Agree Realty Stock
Agree Realty AAQS→
Agree Realty Stock
Agree Realty Employees→
Agree Realty Stock
Agree Realty ROE→
Agree Realty Stock
Agree Realty ROA→
Agree Realty Stock
Agree Realty ROCE→
Agree Realty Stock
Agree Realty News→
Agree Realty Stock
Agree Realty Analyst Price Targets→

Real Estate Stocks

AGROB ImmobilienAgile Group HoldingsAgung Podomoro Land Tbk PTAGI InfraAH Realty Trust,Agency Group AustraliaAida Sekkei CoAgat Ejendomme A/SAIMS APAC REITAfrica Israel ResidencesAims Property Securities FundAfi PropertiesAll Stocks A–Z →