Agree Realty Corporation (ADC)
| Market Cap | 5.35B |
| Revenue (ttm) | 382.17M |
| Net Income (ttm) | 136.03M |
| Shares Out | 80.18M |
| EPS (ttm) | 1.89 |
| PE Ratio | 35.32 |
| Forward PE | 24.81 |
| Dividend | $2.77 (4.14%) |
| Ex-Dividend Date | Sep 29, 2022 |
| Volume | 886,617 |
| Open | 68.04 |
| Previous Close | 67.61 |
| Day's Range | 66.41 - 68.65 |
| 52-Week Range | 61.62 - 80.44 |
| Beta | 0.42 |
| Analysts | Buy |
| Price Target | 83.80 (+25.5%) |
| Earnings Date | Oct 31, 2022 |
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. [Read more...]
Financial Performance
In 2021, Agree Realty's revenue was $339.32 million, an increase of 36.51% compared to the previous year's $248.57 million. Earnings were $122.27 million, an increase of 33.81%.
Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for ADC stock is "Buy." The 12-month stock price forecast is 83.8, which is an increase of 25.52% from the latest price.
News
Agree Realty Announces Third Quarter 2022 Earnings Release Date and Conference Call Information
BLOOMFIELD HILLS, Mich. , Oct. 4, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its third quarter operating results after the market clos...
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Agree Realty Announces Exercise of Underwriters' Option and Closing of Forward Offering of Common Stock
BLOOMFIELD HILLS, Mich. , Oct. 3, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it has completed its public offering of 5,750,000 shares of its common st...
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Agree Realty Announces Pricing of Forward Common Stock Offering
BLOOMFIELD HILLS, Mich. , Sept. 29, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the pricing of its public offering of 5,000,000 shares of its common stock a...
Agree Realty Announces Settlement of All Outstanding Forward Equity for Net Proceeds of Approximately $599 million
BLOOMFIELD HILLS, Mich. , Sept. 28, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will settle all outstanding forward equity for net proceeds of appro...
Agree Realty Announces Common Stock Offering
BLOOMFIELD HILLS, Mich. , Sept. 28, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it commenced an underwritten public offering of 5,000,000 shares of its...
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Agree Realty Declares Monthly Common and Preferred Dividends
BLOOMFIELD HILLS, Mich. , Sept. 13, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a ...
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Agree Realty Announces Pricing of $300 Million of 4.800% Senior Unsecured Notes Due 2032
The Notes have an Effective All-In Rate of 3.76% Inclusive of Prior Hedging Activity BLOOMFIELD HILLS, Mich. , Aug. 15, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today an...
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Agree Realty (ADC) Surpasses Q2 FFO and Revenue Estimates
Agree Realty (ADC) delivered FFO and revenue surprises of 2.08% and 1.81%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Agree Realty Corporation Reports Second Quarter 2022 Results
Increases 2022 Acquisition Guidance to $1.5 Billion to $1.7 Billion; Raises 2022 Development and PCS Guidance to $75 Million to $125 Million Commenced BLOOMFIELD HILLS, Mich. , Aug. 2, 2022 /PRNewswire/...
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