Agree Realty Corporation (ADC)
| Market Cap | 7.96B |
| Revenue (ttm) | 600.53M |
| Net Income (ttm) | 181.99M |
| Shares Out | 103.30M |
| EPS (ttm) | 1.81 |
| PE Ratio | 42.57 |
| Forward PE | 43.39 |
| Dividend | $3.04 (3.94%) |
| Ex-Dividend Date | Oct 31, 2024 |
| Volume | 487,887 |
| Open | 77.00 |
| Previous Close | 77.52 |
| Day's Range | 76.51 - 77.53 |
| 52-Week Range | 54.28 - 77.58 |
| Beta | 0.62 |
| Analysts | Buy |
| Price Target | 75.42 (-2.06%) |
| Earnings Date | Oct 22, 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... [Read more]
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 $162.12 million, an increase of 12.10%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for ADC stock is "Buy." The 12-month stock price forecast is $75.42, which is a decrease of -2.06% from the latest price.
News
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Agree Realty Declares Monthly Common and Preferred Dividends
ROYAL OAK, Mich. , Nov. 12, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a month...
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Agree Realty Announces Exercise of Underwriters' Option and Closing of Forward Offering of Common Stock
ROYAL OAK, Mich. , Oct. 28, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it has completed its public offering of 5,060,000 shares of its common stock,...
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Agree Realty Announces Pricing of Upsized Forward Common Stock Offering
ROYAL OAK, Mich. , Oct. 24, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the pricing of its public offering of 4,400,000 shares of its common stock at a pu...
Agree Realty Announces Common Stock Offering
ROYAL OAK, Mich. , Oct. 24, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it commenced an underwritten public offering of 4,000,000 shares of its commo...
Agree Realty Q3 Earnings: Buying What They Are Selling
Agree Realty is a net lease REIT investing in single tenant retail properties and ground leases around the country. ADC reported Q3 earnings which were aligned with expectations. We talk cost of equit...
Agree Realty Corporation (ADC) Q3 2024 Earnings Call Transcript
Agree Realty Corporation (NYSE:ADC) Q3 2024 Earnings Conference Call October 23, 2024 9:00 AM ET Company Participants Joey Agree - President & CEO Peter Coughenour - CFO Reuben Treatman - Senior Dire...
Agree Realty Corporation Reports Third Quarter 2024 Results
Raises 2024 Acquisition Guidance to Approximately $ 850 Million Capital Markets Activities Drive Record Liquidity of Over $ 1.9 Billion ROYAL OAK, Mich. , Oct. 22, 2024 /PRNewswire/ -- Agree Realty C...
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