A

    Agree Realty Corporation (ADC)

    Official site

    REAL ESTATE • REIT - RETAIL • NYSE

    $72.25
    -0.95 (-1.29%)

    Market Cap: $9.13B

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

    Beat Rate
    57%(23/40)
    Avg Surprise
    +1.56%
    Streak
    2 Q

    Upcoming Estimates

    Sep 30, 2026
    EPS Consensus$0.48
    Range$0.46 - $0.48
    4 analysts
    EPS Revisions
    1
    0
    7d
    1
    1
    30d
    EPS Estimate Drift
    90d ago$0.47-0.9%
    60d ago$0.47-0.9%
    30d ago$0.47-1.2%
    7d ago$0.46-3.3%
    Current$0.48
    Revenue Consensus
    $215M
    Range$213M - $222M
    7 analysts
    Dec 31, 2026
    EPS Consensus$0.49
    Range$0.49 - $0.49
    1 analysts
    Revenue Consensus
    $227M
    Range$222M - $241M
    7 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.49---
    Sep 26EST
    		-$0.48---
    Jun 26
    		$1.14$1.11+2.70%Beat+147.8%
    Mar 26
    		$0.49$0.47+4.26%Beat+6.5%
    Dec 25
    		$0.47$0.47-0.66%Miss+14.0%
    Sep 25
    		$0.47$0.46+2.17%Beat+17.5%
    Jun 25
    		$0.46$0.46+0.00%Beat+2.2%
    Mar 25
    		$0.46$0.43+6.98%Beat-2.1%
    Dec 24
    		$0.41$0.44-6.52%Miss+0.0%
    Sep 24
    		$0.40$0.43-6.98%Miss-2.4%
    Jun 24
    		$0.45$0.45+0.00%Beat+7.1%
    Mar 24
    		$0.47$0.46+2.17%Beat+6.8%
    Dec 23
    		$0.41$0.46-10.87%Miss-6.8%
    Sep 23
    		$0.41$0.42-2.38%Miss-4.7%
    Jun 23
    		$0.42$0.43-2.33%Miss-6.7%
    Mar 23
    		$0.44$0.46-4.35%Miss-2.2%
    Dec 22
    		$0.44$0.44+0.00%Beat+0.0%
    Sep 22
    		$0.43$0.44-2.27%Miss-8.5%
    Jun 22
    		$0.45$0.47-4.26%Miss+87.5%
    Mar 22
    		$0.45$0.46-2.17%Miss+4.7%
    Dec 21
    		$0.44$0.47-6.38%Miss+4.8%
    Sep 21
    		$0.47$0.43+9.30%Beat+11.9%
    Jun 21
    		$0.24$0.44-45.45%Miss-40.0%
    Mar 21
    		$0.43$0.42+2.38%Beat-6.5%
    Dec 20
    		$0.42$0.40+5.00%Beat+0.0%
    Sep 20
    		$0.42$0.41+2.44%Beat-2.3%
    Jun 20
    		$0.40$0.35+14.29%Beat-2.4%
    Mar 20
    		$0.46$0.45+2.22%Beat+15.0%
    Dec 19
    		$0.42$0.43-2.33%Miss+13.5%
    Sep 19
    		$0.43$0.42+2.38%Beat+13.2%
    Jun 19
    		$0.41$0.41+0.00%Beat+10.8%
    Mar 19
    		$0.40$0.41-2.44%Miss-24.5%
    Dec 18
    		$0.37$0.37+0.00%Beat-30.2%
    Sep 18
    		$0.38$0.37+2.70%Beat-9.5%
    Jun 18
    		$0.37$0.39-5.13%Miss-2.6%
    Mar 18
    		$0.53$0.40+32.50%Beat+39.5%
    Dec 17
    		$0.53$0.39+35.90%Beat+6.0%
    Sep 17
    		$0.42$0.41+2.44%Beat+0.0%
    Jun 17
    		$0.38$0.39-2.56%Miss-
    Mar 17
    		$0.38$0.39-2.56%Miss-
    Dec 16
    		$0.50$0.38+31.58%Beat-
    Sep 16
    		$0.42$0.38+10.53%Beat-

    Dividends

    Dividend Metrics

    Yield4.38%
    Annual/Share$3.16
    Payout Ratio71.08%
    Frequency12
    Pay MonthsJan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec

    Growth

    3Y CAGR+3.18%
    5Y CAGR+5.08%
    View ADC's full dividend history

    Key Metrics

    Valuation
    P/E Ratio28.14EV/EBITDA19.45x
    Price/FCFN/AFCF YieldN/A
    Profitability
    Profit Margin28.80%Operating Margin48.10%
    ROE3.70%ROIC3.60%
    Financial Health
    Debt/Equity0.59xInterest CoverageN/A
    Current RatioN/AQuick RatioN/A
    Trading Statistics
    Beta0.47Avg Volume1.53M
    52-Week High$81.2252-Week Low$67.11

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$73.82
    SMA 20$74.44
    SMA 50$76.49
    SMA 200$74.71
    EMA 10$73.71
    EMA 20$74.59
    EMA 50$75.56
    EMA 200$74.88

    MACD

    Line: -1.06Signal: -0.90Hist: -0.15

    ADX

    ADX: 26.9+DI: 12.9-DI: 30.7

    Aroon & PSAR

    Aroon Up8.0
    Aroon Down100.0
    PSAR$74.23

    Bollinger Bands

    Upper Band$76.59
    Lower Band$72.29
    %B Position577%(Upper)
    Band Width-0.01

    RSI (14-Day)

    Neutral
    30.8

    Momentum Oscillators

    Stoch %K4.3
    Stoch %D9.4
    Williams %R-98.6
    ROC (10d)-3.1%
    Momentum-2.29
    CCI (20d)-183.1
    MFI (14d)58.3

    Volatility Measures

    ATR (14d)$1.06(1.5%)
    StdDev (20d)1.07
    Hist Vol12.9%(Low)

    Volume Flow

    VWAP$72.54
    OBV297.2K
    AD Line-930.1M
    CMF (20d)-0.340

    Volume Metrics

    Avg Vol (20d)1.5M
    Vol Ratio0.8x
    VWMA (20d)$74.57

    Pivot Points

    R3$74.27
    R2$74.01
    R1$73.60
    Pivot Point$73.34
    S1$72.94
    S2$72.68
    S3$72.27

    Advanced Oscillators

    TSI-25.73
    Ultimate Osc30.2
    KST-51.14

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$207.11M$200.81M$187.28M$184.15M$175.53M$169.16M$149.63M$156.18M$159.73M$151.55M$145.72M$136.79M
    Cost of RevenueN/A$24.90M$24.00M$21.97M$21.80M$20.38M$20.37M$18.37M$17.62M$18.49M$17.92M$16.05M
    Gross ProfitN/A$175.90M$166.49M$161.25M$153.73M$148.78M$140.37M$135.96M$134.95M$130.96M$126.25M$120.76M
    Operating Expenses$111.80M$102.25M$94.85M$96.89M$93.52M$90.46M$74.30M$81.74M$77.76M$81.05M$76.54M$73.72M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$0$0$0$0$0$0$0$0$0$0$0
    Operating IncomeN/A$98.55M$92.43M$87.26M$82.01M$78.70M$75.33M$74.44M$81.97M$70.50M$69.18M$63.08M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$0$0$36.36M$0$0$0$29.09M$0$0$0$22.37M$0
    Income Before Tax$95.31M$98.55M$92.43M$87.26M$82.01M$78.70M$75.34M$74.44M$81.97M$70.50M$69.18M$63.08M
    Income Tax Expense$375,000$500,000$260,000$225,000$425,000$825,000$1.08M$1.08M$1.00M$1.15M$709,000$709,000
    Net Income$54.81M$62.23M$56.21M$52.28M$49.35M$47.15M$45.38M$44.53M$54.91M$45.01M$46.10M$41.66M
    EBITDA$177.78M$178.02M$167.86M$159.70M$151.27M$144.69M$141.97M$136.20M$142.10M$128.52M$125.18M$118.23M
    EBIT$95.31M$98.55M$92.43M$87.26M$82.01M$78.70M$75.34M$74.44M$81.97M$70.50M$69.18M$63.08M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Bank of New York Mellon Corp Invests $68.83 Million in Agree Realty Corporation $ADC

    Bank of New York Mellon Corp has acquired a new position in Agree Realty Corporation (NYSE:ADC), purchasing 908,817 shares valued at approximately $68.83 million during the second quarter. This investment makes Bank of New York Mellon Corp one of many institutional investors increasing their stakes in the real estate investment trust. Agree Realty recently announced a monthly dividend of $0.267, and its stock currently has a "Moderate Buy" rating from analysts with an average target price of $83.94.

    MarketBeat•8/26/26•
    Somewhat-Bullish

    Landscape Capital Management L.L.C. Acquires New Position in Agree Realty Corporation $ADC

    Landscape Capital Management L.L.C. has acquired a new stake of 15,270 shares, valued at approximately $1.16 million, in Agree Realty Corporation (NYSE:ADC) during the second quarter. This move is part of a broader trend of increased institutional investment, with institutions and hedge funds now owning 97.83% of the stock. Despite missing earnings estimates in its latest quarterly report, Agree Realty showed 16.8% revenue growth, and analysts maintain a "Moderate Buy" rating with an average price target of $83.94, supported by insider buying from Chairman Richard Agree.

    MarketBeat•8/24/26•
    Somewhat-Bullish

    Elevation Point Wealth Partners LLC Acquires New Shares in Agree Realty Corporation $ADC

    Elevation Point Wealth Partners LLC has acquired a new position in Agree Realty Corporation (NYSE:ADC), purchasing 28,622 shares valued at approximately $2.175 million in the second quarter. Several other institutional investors also adjusted their stakes in the real estate investment trust. Analysts currently rate Agree Realty as a "Moderate Buy" with a consensus price target of $83.94, despite recent downgrades from some firms.

    MarketBeat•8/24/26•
    Neutral

    Agree Realty Corp | 4: Statement of changes in beneficial ownership of securities-Officer Witteveen Nicole

    This document is a Statement of Changes in Beneficial Ownership of Securities (Form 4) filed by Agree Realty Corp. The filing indicates a change in beneficial ownership for officer Nicole Witteveen, likely reflecting transactions related to company stock.

    Moomoo•8/23/26•
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    209,954 Shares in Agree Realty Corporation $ADC Purchased by William Blair Investment Management LLC

    William Blair Investment Management LLC has acquired 209,954 shares of Agree Realty Corporation (NYSE:ADC) during the second quarter, valued at approximately $15.9 million, giving it a 0.17% stake. The real estate investment trust reported quarterly revenue of $216.33 million, exceeding estimates, but its EPS of $0.44 missed the consensus forecast. Analysts currently maintain a "Moderate Buy" rating for Agree Realty with an average price target of $83.94.

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    Frequently Asked Questions About ADC

    What is ADC's current dividend yield?
    Agree Realty Corporation (ADC) has a current dividend yield of 4.38%.
    Does ADC pay dividends?
    Yes, Agree Realty Corporation pays dividends with a current yield of 4.38%.
    What is ADC's P/E ratio?
    Agree Realty Corporation has a price-to-earnings (P/E) ratio of 28.14.
    What is ADC's market cap?
    Agree Realty Corporation (ADC) has a market capitalization of $9.13B with a current stock price of $72.25.

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