Agree Realty Corporation (ADC)

Market Cap	5.88B
Revenue (ttm)	509.86M
Net Income (ttm)	157.49M
Shares Out	100.52M
EPS (ttm)	1.71
PE Ratio	34.37
Forward PE	33.15
Dividend	$2.91 (4.98%)
Ex-Dividend Date	Nov 29, 2023

Volume	179,277
Open	58.70
Previous Close	58.41
Day's Range	58.44 - 59.05
52-Week Range	52.69 - 75.71
Beta	0.54
Analysts	Strong Buy
Price Target	70.19 (+20.04%)
Earnings Date	Oct 24, 2023

About ADC

Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of September 30, 2023, the Company owned and operated a portfolio of 2,084 properties, located in 49 states and containing approximately 43.2 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
• Sector: Real Estate
• IPO Date: Apr 15, 1994
• Employees: 76
• Stock Exchange: NYSE
• Ticker Symbol: ADC

Financial Performance

In 2022, Agree Realty's revenue was $429.81 million, an increase of 26.67% compared to the previous year's $339.32 million. Earnings were $145.00 million, an increase of 20.71%.

Analyst Forecast

According to 9 analysts, the average rating for ADC stock is "Strong Buy." The 12-month stock price forecast is $70.19, which is an increase of 20.04% from the latest price.

Price Target

$70.19

(20.04% upside)

Analyst Consensus: Strong Buy