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    A

    Agree Realty Corporation (ADC)

    Official site

    REAL ESTATE • REIT - RETAIL • NYSE

    $66.58
    +1.00 (+1.52%)

    Market Cap: $8.18B

    Last updated: Oct 16, 2026 at 1:54 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    56%(22/39)
    Avg Surprise
    +1.33%
    Streak
    2 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.47
    Range$0.46 - $0.48
    4 analysts
    EPS RevisionsNo revisions (7d)
    2
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$0.47+0.9%
    60d ago$0.47+0.7%
    30d ago$0.48-0.5%
    7d ago$0.48-0.5%
    Current$0.47
    Revenue Consensus
    $213M
    Range$206M - $215M
    8 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.50
    Range$0.50 - $0.50
    2 analysts
    Revenue Consensus
    $224M
    Range$202M - $229M
    10 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.50---
    Sep 26EST
    		-$0.47---
    Jun 26
    Reported Jul 30
    		$1.14$1.11+2.70%Beat+147.8%
    Mar 26
    Reported Apr 21
    		$0.49$0.47+4.26%Beat+6.5%
    Dec 25
    Reported Feb 10
    		$0.47$0.47-0.66%Miss+14.0%
    Sep 25
    Reported Oct 21
    		$0.47$0.46+2.17%Beat+17.5%
    Jun 25
    Reported Jul 31
    		$0.46$0.46+0.00%Beat+2.2%
    Mar 25
    Reported Apr 22
    		$0.46$0.43+6.98%Beat-2.1%
    Dec 24
    Reported Feb 11
    		$0.41$0.44-6.52%Miss+0.0%
    Sep 24
    Reported Oct 22
    		$0.40$0.43-6.98%Miss-2.4%
    Jun 24
    Reported Jul 23
    		$0.45$0.45+0.00%Beat+7.1%
    Mar 24
    Reported Apr 23
    		$0.47$0.46+2.17%Beat+6.8%
    Dec 23
    Reported Feb 13
    		$0.41$0.46-10.87%Miss-6.8%
    Sep 23
    Reported Oct 24
    		$0.41$0.42-2.38%Miss-4.7%
    Jun 23
    Reported Aug 1
    		$0.42$0.43-2.33%Miss-6.7%
    Mar 23
    Reported May 4
    		$0.44$0.46-4.35%Miss-2.2%
    Dec 22
    Reported Feb 14
    		$0.44$0.44+0.00%Beat+0.0%
    Sep 22
    Reported Nov 1
    		$0.43$0.44-2.27%Miss-8.5%
    Jun 22
    Reported Aug 2
    		$0.45$0.47-4.26%Miss+87.5%
    Mar 22
    Reported May 3
    		$0.45$0.46-2.17%Miss+4.7%
    Dec 21
    Reported Feb 22
    		$0.44$0.47-6.38%Miss+4.8%
    Sep 21
    Reported Nov 1
    		$0.47$0.43+9.30%Beat+11.9%
    Jun 21
    Reported Jul 26
    		$0.24$0.44-45.45%Miss-40.0%
    Mar 21
    Reported May 3
    		$0.43$0.42+2.38%Beat-6.5%
    Dec 20
    Reported Feb 18
    		$0.42$0.40+5.00%Beat+0.0%
    Sep 20
    Reported Oct 19
    		$0.42$0.41+2.44%Beat-2.3%
    Jun 20
    Reported Jul 20
    		$0.40$0.35+14.29%Beat-2.4%
    Mar 20
    Reported Apr 20
    		$0.46$0.45+2.22%Beat+15.0%
    Dec 19
    Reported Feb 20
    		$0.42$0.43-2.33%Miss+13.5%
    Sep 19
    Reported Oct 21
    		$0.43$0.42+2.38%Beat+13.2%
    Jun 19
    Reported Jul 22
    		$0.41$0.41+0.00%Beat+10.8%
    Mar 19
    Reported Apr 22
    		$0.40$0.41-2.44%Miss-24.5%
    Dec 18
    Reported Feb 21
    		$0.37$0.37+0.00%Beat-30.2%
    Sep 18
    Reported Oct 22
    		$0.38$0.37+2.70%Beat-9.5%
    Jun 18
    Reported Jul 23
    		$0.37$0.39-5.13%Miss-2.6%
    Mar 18
    Reported Apr 23
    		$0.53$0.40+32.50%Beat+39.5%
    Dec 17
    Reported Feb 22
    		$0.53$0.39+35.90%Beat+6.0%
    Sep 17
    Reported Oct 23
    		$0.42$0.41+2.44%Beat-
    Jun 17
    Reported Jul 24
    		$0.38$0.39-2.56%Miss-
    Mar 17
    Reported Apr 24
    		$0.38$0.39-2.56%Miss-
    Dec 16
    Reported Feb 23
    		$0.50$0.38+31.58%Beat-

    Dividends

    Dividend Metrics

    Forward Yield4.81%
    Forward Annual Dividend$3.20
    Payout Ratio71.33%
    FrequencyMonthly
    Pay MonthsJan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec

    Growth

    3Y CAGR+3.18%
    5Y CAGR+5.08%
    ADC dividend history and ex-dividend datesRun ADC in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio25.93EV/EBITDA17.26x
    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
    Beta0.42Avg Volume1.82M
    52-Week High$80.9052-Week Low$64.43

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$65.79
    SMA 20$66.37
    SMA 50$70.13
    SMA 200$73.85
    EMA 10$66.05
    EMA 20$66.84
    EMA 50$69.47
    EMA 200$72.79

    MACD

    Line: -1.27Signal: -1.54Hist: 0.27

    ADX

    ADX: 56.1+DI: 19.4-DI: 22.3

    Aroon & PSAR

    Aroon UpN/A
    Aroon Down80.0
    PSAR$64.81

    Bollinger Bands

    Upper Band$68.01
    Lower Band$64.72
    %B Position496%(Upper)
    Band Width0.56

    RSI (14-Day)

    Neutral
    42.7

    Momentum Oscillators

    Stoch %K42.5
    Stoch %D40.9
    Williams %R-36.0
    ROC (10d)2.4%
    Momentum1.55
    CCI (20d)32.3
    MFI (14d)40.4

    Volatility Measures

    ATR (14d)$1.14(1.7%)
    StdDev (20d)0.82
    Hist Vol14.9%(Low)

    Volume Flow

    VWAP$66.86
    OBV-23.6M
    AD Line-945.8M
    CMF (20d)-0.320

    Volume Metrics

    Avg Vol (20d)1.8M
    Vol Ratio1.0x
    VWMA (20d)$66.37

    Pivot Points

    R3$66.59
    R2$66.25
    R1$65.91
    Pivot Point$65.57
    S1$65.23
    S2$64.89
    S3$64.55

    Advanced Oscillators

    TSI-38.21
    Ultimate Osc43.0
    KST-69.61

    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

    Fort Washington Investment Advisors Inc. OH Acquires 73,317 Shares of Agree Realty Corporation $ADC

    Fort Washington Investment Advisors Inc. OH increased its stake in Agree Realty Corporation (NYSE:ADC) by 18.0% in the third quarter, acquiring an additional 73,317 shares...

    MarketBeat•10/16/26•Somewhat-Bullish

    Agree Realty raises monthly dividend by 1.5%

    Agree Realty Corporation announced a 1.5% increase in its monthly cash dividend for common shares, bringing it to $0.271 per share. This translates to an annualized dividend of $3.252...

    Investing.com•10/14/26•Bullish

    Agree Realty Corporation (NYSE:ADC) Raises Dividend to $0.27 Per Share

    Agree Realty Corporation (NYSE:ADC) has increased its monthly dividend by 1.5% to $0.271 per share, or $3.25 annually, resulting in a 5.0% yield. While the current payout ratio is high at 162.4%...

    MarketBeat•10/14/26•Bullish

    ADC.PRA Agree Realty Corp. - 4.25% PRF PERPETUAL USD 25 - Ser A 1/1000th declares $0.0885 dividend

    Agree Realty Corp. (ADC.PRA) has declared a monthly dividend of $0.0885 per share for its 4.25% PRF PERPETUAL USD 25 - Ser A 1/1000th stock. This dividend offers a forward yield of 6.67% and is payable on November 2nd...

    TradingView•10/13/26•Bullish

    Agree Realty Declares Increased Monthly Common Dividend

    Agree Realty Corporation (NYSE: ADC) announced an increase in its monthly cash dividend for common shares to $0.271, a 1.5% month-over-month rise...

    Yahoo Finance Singapore•10/13/26•Bullish

    ADC Valuation and Fair Value

    P/E
    25.9x
    Forward P/E
    35.1x
    EV/EBITDA
    17.3x
    PEG
    0.1x
    P/B
    1.3x
    See GNG's fair value

    ADC Profitability: Margins, ROIC and FCF

    Operating margin
    48.1%
    Net margin
    28.8%
    ROIC
    3.6%
    ROE
    3.7%
    FCF margin
    -340.5%

    ADC Competitors

    CompanyTicker
    Schwab U.S. REIT ETFSCHH
    First Industrial Realty Trust IncFR
    Brixmor PropertyBRX
    NNN REIT, Inc.NNN
    Lineage, Inc. Common StockLINE
    Alexandria Real Estate Equities IncARE
    Ryman Hospitality Properties IncRHP
    Terreno Realty CorporationTRNO

    Sector: Real Estate

    ADC Analyst Ratings

    Consensus
    Buy
    Analysts
    20
    Strong Buy
    1
    Buy
    11
    Hold
    8
    Sell
    0
    Strong Sell
    0

    ADC Bull Case vs Bear Case

    Bull case

    • ADC has a 28.8% net profit margin.
    • ADC grew quarterly revenue 16.8% year over year.
    • 60.0% of ADC's analyst ratings are Buy or Strong Buy.

    ADC Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    0.2%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.47
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    2 up, 0 down

    ADC Dividend

    Forward yield
    4.8%
    Payout ratio
    71.3%
    3Y DPS growth
    3.2%
    5Y DPS growth
    5.1%
    Pay months
    Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec
    ADC dividend history

    Frequently Asked Questions About ADC

    What is ADC's current dividend yield?

    Agree Realty Corporation (ADC) has a forward dividend yield of 4.81%.

    Does ADC pay dividends?

    Yes, Agree Realty Corporation pays dividends with a forward dividend yield of 4.81%.

    What is ADC's P/E ratio?

    Agree Realty Corporation has a price-to-earnings (P/E) ratio of 25.93.

    What is ADC's market cap?

    Agree Realty Corporation (ADC) has a market capitalization of $8.18B with a current stock price of $66.58.

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    Sector: Real Estate

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