Agree Realty Corporation (ADC)

Market Cap	6.71B
Revenue (ttm)	560.33M
Net Income (ttm)	165.77M
Shares Out	100.63M
EPS (ttm)	1.70
PE Ratio	39.22
Forward PE	36.38
Dividend	$3.00 (4.50%)
Ex-Dividend Date	Jul 31, 2024

Volume	375,665
Open	66.61
Previous Close	66.49
Day's Range	66.12 - 66.82
52-Week Range	52.69 - 69.26
Beta	0.59
Analysts	Buy
Price Target	66.14 (-0.81%)
Earnings Date	Jul 23, 2024

About ADC

Agree Realty Corporation (the “Company”), a Maryland corporation, is a fully integrated real estate investment trust (“REIT”) primarily focused on the ownership, acquisition, development and management of retail properties net leased to industry leading tenants. The Company was founded in 1971 by its current Executive Chairman, Richard Agree, and its common stock was listed on the New York Stock Exchange in 1994. As of March 31, 2024, the Company owned 2,161 properties, with a total gross leasable area (“GLA”) of approximately 44.9 million squa...

• Industry: REIT - Retail
• Sector: Real Estate
• IPO Date: Apr 15, 1994
• Employees: 72
• Stock Exchange: NYSE
• Ticker Symbol: ADC

Financial Performance

In 2023, Agree Realty's revenue was $537.50 million, an increase of 25.05% compared to the previous year's $429.81 million. Earnings were $162.52 million, an increase of 12.08%.

Analyst Forecast

According to 11 analysts, the average rating for ADC stock is "Buy." The 12-month stock price forecast is $66.14, which is a decrease of -0.81% from the latest price.

Price Target

$66.14

(-0.81% downside)

Analyst Consensus: Buy