Agree Realty Corporation (ADC)
| Market Cap | 4.51B |
| Revenue (ttm) | 270.59M |
| Net Income (ttm) | 100.27M |
| Shares Out | 64.15M |
| EPS (ttm) | 1.77 |
| PE Ratio | 39.75 |
| Forward PE | 38.76 |
| Dividend | $2.44 |
| Dividend Yield | 3.47% |
| Trading Day | May 7 |
| Last Price | $70.36 |
| Previous Close | $69.85 |
| Change ($) | 0.51 |
| Change (%) | 0.73% |
| Day's Open | 69.98 |
| Day's Range | 69.80 - 70.44 |
| Day's Volume | 419,615 |
| 52-Week Range | 52.72 - 73.00 |
BLOOMFIELD HILLS, Mich., May 5, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its operating partnership, Agree Limited Partnership (the "Operating Partne...
Agree Realty Corporation (NYSE: ADC) released its first-quarter 2021 results on Monday with revenues beating Wall Street expectations. What Happened: The Michigan-based company posted a revenue of $77.8...
Agree Realty (ADC) delivered FFO and revenue surprises of 1.20% and 2.74%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
BLOOMFIELD HILLS, Mich., May 3, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended March 31, 2021.
BLOOMFIELD HILLS, Mich., April 15, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a m...
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BLOOMFIELD HILLS, Mich., April 1, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced its progress on March rent collections.
BLOOMFIELD HILLS, Mich., March 31, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its first quarter operating results after the market clo...
Agree Realty Corporation (NYSE: ADC) has released its inaugural environmental, social and governance (ESG) report highlighting how the retail REIT emphasizes sustainability and responsibility. “We are c...
BLOOMFIELD HILLS, Mich., March 29, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company" or "Agree") today announced the release of its inaugural environmental, social and governance ...
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BLOOMFIELD HILLS, Mich., March 18, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a m...
3 Retail REIT Stocks Set to Escape Pandemic-Led Industry Weakness
Agree Realty is a real estate investment trust (REIT) which acquires, develops and leases retail properties. Agree leases its properties to some of the country's biggest brands including Walmart (NYSE: ...
BLOOMFIELD HILLS, Mich., March 2, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced its progress on February rent collections. As of March 1, 2021, the Company ha...
Insider buying can be an encouraging signal for potential investors, especially when markets face uncertainty. Returning buyers and chief executives were among the insiders making purchases this week.
In hosting its earnings report call for the fourth quarter and full-year 2020, Agree Realty Corp. embodied the old advice of how to react when life hands you lemons. Despite an unprecedented environment...
BLOOMFIELD HILLS, Mich., Feb. 22, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") is pleased to announce that effective today, Simon Leopold has joined the Company as its Chief...
Agree Realty (ADC) delivered FFO and revenue surprises of 1.20% and 3.57%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
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 group of 2...
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 declared, a mo...
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 results a...
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 shares of its c...
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 of its co...
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 collections.
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 and collater...
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 acquisition and d...
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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 (the "Board")...
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 November rent col...
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 hold up to e...
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3 Retail REIT Stocks Trying To Escape COVID-19-Led Industry Scare
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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 Company h...
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 investmen...
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 earnings and...
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 $0, you sh...
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, omnichanne...
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 amounts includ...
Agree Realty's (ADC) rent collections for September improve relative to July and August receipts, highlighting the resiliency in its impressive portfolio.
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 2020, Agree Realty's revenue was $248.57 million, an increase of 32.59% compared to the previous year's $187.48 million. Earnings were $91.38 million, an increase of 14.11%.
Analyst Forecasts
According to 13 analysts, the average rating for Agree Realty stock is "Strong Buy." The 12-month stock price forecast is 77.17, which is an increase of 9.68% from the latest price.