Agree Realty Corporation (ADC)
Stock Price:
$65.42 USD
0.03 (0.05%)
Updated Oct 23, 2020 4:00 PM EDT - Market closed
Key Info
| Market Cap |
3.62B |
| Revenue (ttm) |
229.29M |
| Net Income (ttm) |
90.33M |
| Shares Out |
55.37M |
| EPS (ttm) |
1.84 |
| PE Ratio |
35.55 |
| Forward PE |
33.78 |
| Dividend |
$2.40 |
| Dividend Yield |
3.67% |
Stock Quote
| Trading Day |
Oct 23, 2020 |
| Last Price |
$65.42 |
| Previous Close |
$65.39 |
| Change ($) |
0.03 |
| Change (%) |
0.05% |
| Day's Open |
65.67 |
| Day's Range |
65.21 - 66.25 |
| Day's Volume |
410,525 |
| 52-Week Range |
45.23 - 80.51 |
More Stats
| Market Cap |
3.62B |
| Enterprise Value |
4.75B |
| Earnings Date (est) |
Feb 25, 2021 |
| Ex-Dividend Date |
Sep 24, 2020 |
| Shares Outstanding |
55.37M |
| Float |
54.06M |
| EPS (basic) |
1.86 |
| EPS (diluted) |
1.84 |
| FCF / Share |
-17.19 |
| Dividend |
$2.40 |
| Dividend Yield |
3.67% |
| Earnings Yield |
2.81% |
| FCF Yield |
n/a |
| Payout Ratio |
127.40% |
| Shares Short |
6.40M |
| Short Ratio |
12.87 |
| Short % of Float |
11.84% |
| Beta |
0.26 |
| PE Ratio |
35.55 |
| Forward PE |
33.78 |
| P/FCF Ratio |
n/a |
| PS Ratio |
15.80 |
| PB Ratio |
1.60 |
| Revenue |
229.29M |
| Operating Income |
118.22M |
| Net Income |
90.33M |
| Free Cash Flow |
-923.53M |
| Net Cash |
-1.13B |
| Net Cash / Share |
-20.41 |
| Gross Margin |
71.51% |
| Operating Margin |
51.56% |
| Profit Margin |
39.40% |
| FCF Margin |
-402.78% |
| ROA |
2.52% |
| ROE |
4.84% |
| ROIC |
3.60% |
Stats based on trailing-twelve-month (ttm) numbers.
Analyst Summary
Analyst Ratings (13)
| Buy |
10 |
| Overweight |
2 |
| Hold |
1 |
| Underweight |
0 |
| Sell |
0 |
Price Target
$71.65*
(9.52% upside)
Low
8.00
Current: $65.42
High
82.00
Target: 71.65
*Average 12-month price target from 13 stock analysts.
Financial Performance
Financial numbers in millions USD.
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Revenue | 187 | 137 | 112 | 91.53 | 69.97 | 53.56 | 43.52 | 34.62 | 30.26 | 27.42 |
| Revenue Growth | 36.72% | 22.96% | 21.84% | 30.82% | 30.63% | 23.07% | 25.69% | 14.41% | 10.36% | - |
| Gross Profit | 165 | 121 | 99.70 | 83.58 | 64.19 | 49.11 | 40.29 | 31.87 | 27.52 | 24.78 |
| Operating Income | 101 | 73.01 | 62.96 | 51.66 | 40.11 | 27.89 | 25.42 | 19.37 | 15.33 | 8.81 |
| Net Income | 80.08 | 58.17 | 58.11 | 45.12 | 39.02 | 18.49 | 19.67 | 18.05 | 9.55 | 15.07 |
| Shares Outstanding | 40.58 | 32.07 | 27.63 | 22.87 | 18.00 | 14.88 | 13.07 | 11.07 | 9.64 | 9.16 |
| Earnings Per Share | 1.93 | 1.78 | 2.08 | 1.97 | 2.16 | 1.24 | 1.50 | 1.62 | 0.99 | 1.64 |
| EPS Growth | 8.43% | -14.42% | 5.58% | -8.8% | 74.19% | -17.33% | -7.41% | 63.64% | -39.63% | - |
| Dividend Per Share | 2.28 | 2.16 | 2.03 | 1.92 | 1.85 | 1.74 | 1.64 | 1.60 | 1.60 | 2.04 |
| Dividend Growth | 5.8% | 6.42% | 5.47% | 4.07% | 6.03% | 6.1% | 2.5% | 0% | -21.57% | - |
| Operating Cash Flow | 127 | 93.25 | 82.20 | 61.74 | 44.68 | 34.95 | 29.47 | 21.21 | 25.50 | 26.11 |
| Capital Expenditures | -733 | -633 | -363 | -326 | -231 | -160 | -90.54 | -84.52 | -37.11 | -47.02 |
| Free Cash Flow | -606 | -539 | -281 | -264 | -186 | -125 | -61.07 | -63.31 | -11.62 | -20.91 |
| Cash & Equivalents | 42.16 | 53.98 | 58.78 | 33.40 | 2.71 | 5.40 | 14.54 | 1.27 | 2.00 | 0.59 |
| Total Debt | 872 | 720 | 520 | 401 | 317 | 222 | 158 | 161 | 119 | 99.91 |
| Net Cash / Debt | -830 | -666 | -461 | -368 | -314 | -216 | -144 | -160 | -117 | -99.31 |
| Assets | 2,665 | 2,028 | 1,495 | 1,142 | 790 | 594 | 463 | 370 | 294 | 285 |
| Liabilities | 973 | 790 | 583 | 456 | 336 | 238 | 171 | 172 | 132 | 118 |
| Book Value | 1,689 | 1,236 | 909 | 683 | 451 | 354 | 290 | 195 | 160 | 164 |
Numbers in millions USD, except per-share numbers.
Company Details
| Full Name |
Agree Realty Corporation |
| Country |
United States |
| Employees |
41 |
| CEO |
Joel N. Agree |
Stock Information
| Ticker Symbol |
ADC |
| Stock Exchange |
New York Stock Exchange |
| Sector |
Real Estate |
| Industry |
REIT—Retail |
| Unique Identifier |
NYSE: ADC |
| IPO Date |
April 15, 1994 |
Description
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 June 30, 2020, the Company owned and operated a portfolio of 936 properties, located in 46 states and containing approximately 18.4 million square feet of gross leasable area. The common stock of Agree Realty Corporation is listed on the New York Stock Exchange under the symbol ADC.