Agree Realty Corporation (ADC)
| Market Cap | 4.09B |
| Revenue (ttm) | 229.29M |
| Net Income (ttm) | 90.33M |
| Shares Out | 53.72M |
| EPS (ttm) | 1.84 |
| PE Ratio | 35.26 |
| Forward PE | 35.46 |
| Dividend | $2.48 |
| Dividend Yield | 3.82% |
| Trading Day | January 22 |
| Last Price | $64.84 |
| Previous Close | $64.16 |
| Change ($) | 0.68 |
| Change (%) | 1.06% |
| Day's Open | 63.76 |
| Day's Range | 63.52 - 64.92 |
| Day's Volume | 343,537 |
| 52-Week Range | 46.74 - 76.62 |
Agree has until recently traded at the highest valuation among triple net REITs. Weak pricing performance in the past 10 months has made the stock opportunistic.
I was one of ADC's biggest bulls in 2020, writing three articles about the REIT over the course of the year. ADC is a high-quality, farsighted, fast-growing retail REIT that focuses on a core ...
BLOOMFIELD HILLS, Mich., Jan. 14, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has decl...
BLOOMFIELD HILLS, Mich., Jan. 12, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its fourth quarter and full year 2020 operating...
BLOOMFIELD HILLS, Mich., Jan. 6, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it has priced an underwritten public offering of 3,000,000 share...
BLOOMFIELD HILLS, Mich., Jan. 6, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it commenced an underwritten public offering of 3,000,000 shares...
Amid the pandemic-led tenants' liquidity crisis, Agree Realty's (ADC) acquisitions enhance its tenant roster with the addition of well-capitalized retailers and facilitated strong rent collect...
BLOOMFIELD HILLS, Mich., Jan. 4, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the launch of its RETHINK RETAIL initiative, new corporate website an...
BLOOMFIELD HILLS, Mich., Jan. 4, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced a summary of its record investment activity in 2020, provided acquisi...
Popular opinion isn't always worth its weight. Becoming a millionaire almost always takes more than a half hour.
All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. An average increase of 4.92% and a median increase of 5.11%.
BLOOMFIELD HILLS, Mich., Dec. 3, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that Karen J. Dearing has joined the Company's Board of Directors (th...
Agree Realty's (ADC) healthy rent collections, secure balance sheet and cash flow position support its quarterly dividend hikes.
BLOOMFIELD HILLS, Mich., Dec. 1, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today declared an increased quarterly cash dividend and provided an update on Novembe...
STOR and ADC take two very different paths to alpha in the net lease REIT space, but I view them both as all-stars. Let's pit these two heavyweights against each other and see how well they ho...
We've known that eventually, this too shall pass. Since March, we've maintained a consistent opinion regarding the transient nature of this biological crisis.
3 Retail REIT Stocks Trying To Escape COVID-19-Led Industry Scare
In and of itself, instant gratification isn't always a bad thing. On the one hand, "No pain, no gain."
BLOOMFIELD HILLS, Mich., Nov. 2, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced its progress on October rent collections. As of October 30, 2020, the...
BLOOMFIELD HILLS, Mich., Oct. 26, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today updated the percentage of its portfolio's annualized base rents generated from...
ADC has reported rent collection rates that outpace industry peers. The strong financial performance can be attributed to the high financial credit profile of its portfolio.
This year is the first since the Great Recession when many REIT sectors have been beaten down substantially in price. In some sectors the market seems to be anticipating permanent losses of ea...
AMC is a dreadful exposure for any REIT, but the more exposure a REIT has to AMC, the harder it will be. We expect AMC to go bankrupt and bearish on the name. When you expect a stock to go to ...
ADC has been playing some serious offense this year, acquiring almost $1 billion of properties. At the same time, it has also been playing some strong defense by focusing on investment grade, ...
Agree Realty Corporation (ADC) CEO Joey Agree on Q3 2020 Results - Earnings Call Transcript
Agree Realty (ADC) delivered FFO and revenue surprises of 1.27% and 4.06%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
BLOOMFIELD HILLS, Mich., Oct. 19, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended September 30, 2020. All per share amou...
Triple Net Dividend Time
Agree Realty's (ADC) rent collections for September improve relative to July and August receipts, highlighting the resiliency in its impressive portfolio.
BLOOMFIELD HILLS, Mich., Sept. 30, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced its progress on September and third quarter rent collections. As of...
We’re in the midst of a global pandemic, in which property valuations are up, down, and all around.
BLOOMFIELD HILLS, Mich., Sept. 23, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its third quarter 2020 operating results after...
Agree Realty (ADC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
BLOOMFIELD HILLS, Mich., Sept. 9, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has decl...
Tech wreck: The "unofficial end" of summer came with one final "splash" in its final days as volatility returned to U.S. equity markets following several months of relative tranquility.
Agree Realty's (ADC) rent collections for August improve relative to July and second-quarter receipts, demonstrating the resiliency in its impressive portfolio.
The Most Reliable REITs For Retirees: The Coronavirus Edition (Round 2)
Overcoming REIT Investing Biases
Agree Realty Corporation (NYSE: ADC) announced Monday the appointment of Craig Erlich as Chief Investment Officer, effective Aug.
BLOOMFIELD HILLS, Mich., Aug. 17, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the appointment of Craig Erlich as Chief Investment Officer, effecti...
Agree Realty (ADC) taps the debt market with a $350-million senior unsecured notes offering. The proceeds from the offering will be used to fund acquisitions and development activities.
BLOOMFIELD HILLS, Mich., Aug. 12, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its operating partnership, Agree Limited Partnership (the "Oper...
Agree Realty: Too Bad The Market Knows About This Superb Net Lease REIT
Agree Realty Corporation (ADC) CEO Joey Agree on Q2 2020 Results - Earnings Call Transcript
Agree Realty (ADC) delivered FFO and revenue surprises of 5.56% and 4.18%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
BLOOMFIELD HILLS, Mich., July 20, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended June 30, 2020.
Agree Realty (ADC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Lockdowns have been tough on real estate investment trusts (REITs).
Retail REIT Stocks' Outlook Gloomy Amid Coronavirus Scare
Agree Realty (ADC) collects 88% of its initial June rental receipts and defers 5%.
About ADC
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.
| Industry REIT-Retail | IPO Date Apr 15, 1994 |
| Stock Exchange NYSE | Ticker Symbol ADC |
Financial Performance
In 2019, Agree Realty's revenue was $187.48 million, an increase of 36.72% compared to the previous year's $137.12 million. Earnings were $80.08 million, an increase of 37.66%.
Analyst Forecasts
According to 13 analysts, the average rating for Agree Realty stock is "Strong Buy." The 12-month stock price forecast is 76.81, which is an increase of 18.46% from the latest price.