ADC Stock Analysis: Agree Realty | NYSE
REIT - Retail | NYSE, USA | Market Cap: 8.127m USD | 12M Return: -2.5% | US0084921008 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 114M
EPS Trend: 68.3%
Qual. Beats: 2
Rev. Trend: 99.8%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Agree Realty Corporation (NYSE: ADC) is a publicly traded real estate investment trust (REIT) focused on acquiring and developing retail properties net leased to industry-leading, omni-channel tenants. As a net lease REIT, Agree Realty generally structures its leases so that tenants cover a significant portion of property-level operating costs (such as real estate taxes, insurance, and maintenance) on top of base rent, which tends to produce more predictable, recurring cash flow for the landlord.
As of June 30, 2026, the company owned and operated 2,825 properties located across all 50 U.S. states, comprising approximately 59.6 million square feet of gross leasable area. Agree Realty was incorporated in 1971, is headquartered in Royal Oak, Michigan, and trades on the NYSE as a mid-cap stock classified within the Retail REITs sub-industry of the Real Estate sector.
- Net lease acquisition pace accelerates with cap rate widening
- Rising interest rates pressure cost of capital and spreads
- Same-store rent escalators drive core FFO growth
| Net Income: 225.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.09 > 1.0 |
| NWC/Revenue: -109.1% < 20% (prev -43.60%; Δ -65.54% < -1%) |
| CFO/TA 0.05 > 3% & CFO 534.0m > Net Income 225.0m |
| Net Debt (3.97b) to EBITDA (626.9m): 6.34 < 3 |
| Current Ratio: 0.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (120.5m) vs 12m ago 12.03% < -2% |
| Gross Margin: 69.85% > 18% (prev 87.74%; Δ -17.88% > 0.5%) |
| Asset Turnover: 7.93% > 50% (prev 7.26%; Δ 0.66% > 0%) |
| Interest Coverage Ratio: 2.37 > 6 (EBIT TTM 347.2m / Interest Expense TTM 146.4m) |
| A: -0.08 (Total Current Assets 143.7m - Total Current Liabilities 994.6m) / Total Assets 10.6b |
| B: -0.07 (Retained Earnings -698.0m / Total Assets 10.6b) |
| C: 0.04 (EBIT TTM 347.2m / Avg Total Assets 9.84b) |
| D: 1.60 (Book Value of Equity 6.52b / Total Liabilities 4.07b) |
| Altman-Z'' = 1.18 = BB |
| DSRI: 1.03 (Receivables 131.2m/108.1m, Revenue 779.6m/659.8m) |
| GMI: 1.26 (GM 87.74% / 69.85%) |
| AQI: 1.63 (AQ_t 0.17 / AQ_t-1 0.11) |
| SGI: 1.18 (Revenue 779.6m / 659.8m) |
| TATA: -0.03 (NI 225.0m - CFO 534.0m) / TA 10.6b) |
| Beneish M = -2.27 (Cap -4..+1) = BBB |
As of October 12, 2026, the stock is trading at USD 65.95 with a total of 1,059,687 shares traded. Over the past week, the price has changed by +0.11%, over one month by -8.79%, over three months by -14.35% and over the past year by -2.51%.
Current recommended Stop Loss: 64.40 (which is 2.4% or 1.4 ATR below the current price).
Agree Realty has received a consensus analysts rating of 4.15. Therefore, it is recommended to buy ADC.
- StrongBuy: 11
- Buy: 1
- Hold: 8
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 82.9 | 25.7% |
P/E Trailing = 35.413
P/E Forward = 35.0877
P/S = 10.4246
P/B = 1.3157
P/EG = 0.1254
Revenue TTM = 779.6m USD
EBIT TTM = 347.2m USD
EBITDA TTM = 626.9m USD
Long Term Debt = 3.82b USD (from longTermDebt, last quarter)
Short Term Debt = 994.6m USD (from shortTermDebt, last quarter)
Debt = 3.99b USD (from shortLongTermDebtTotal, last quarter) + Leases 70.5m
Net Debt = 3.97b USD (calculated: Debt 3.99b - CCE 12.5m)
Enterprise Value = 12.1b USD (8.13b + Debt 3.99b - CCE 12.5m)
Interest Coverage Ratio = 2.37 (Ebit TTM 347.2m / Interest Expense TTM 146.4m)
EV/FCF = 22.66x (Enterprise Value 12.1b / FCF TTM 534.0m)
FCF Yield = 4.41% (FCF TTM 534.0m / Enterprise Value 12.1b)
FCF Margin = 68.49% (FCF TTM 534.0m / Revenue TTM 779.6m)
Net Margin = 28.87% (Net Income TTM 225.0m / Revenue TTM 779.6m)
Gross Margin = 69.85% ((Revenue TTM 779.6m - Cost of Revenue TTM 235.0m) / Revenue TTM)
Gross Margin QoQ = 19.97% (prev 87.60%)
Tobins Q-Ratio = 1.14 (Enterprise Value 12.1b / Total Assets 10.6b)
Interest Expense / Debt = 3.67% (Interest Expense 146.4m / Debt 3.99b)
Taxrate = 0.14% (360k / 262.7m)
NOPAT = 346.7m (EBIT 347.2m * (1 - 0.14%))
Current Ratio = 0.14 (Total Current Assets 143.7m / Total Current Liabilities 994.6m)
Debt / Equity = 0.61 (Debt 3.99b / totalStockholderEquity, last quarter 6.52b)
Debt / EBITDA = 6.34 (Net Debt 3.97b / EBITDA 626.9m)
Debt / FCF = 7.44 (Net Debt 3.97b / FCF TTM 534.0m)
Total Stockholder Equity = 6.23b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.29% (Net Income 225.0m / Total Assets 10.6b)
RoE = 3.61% (Net Income TTM 225.0m / Total Stockholder Equity 6.23b)
RoCE = 3.46% (EBIT 347.2m / Capital Employed (Equity 6.23b + L.T.Debt 3.82b))
RoIC = 3.28% (NOPAT 346.7m / Invested Capital 10.6b)
WACC = 4.45% (E(8.13b)/V(12.1b) * Re(4.84%) + D(3.99b)/V(12.1b) * Rd(3.67%) * (1-Tc(0.00)))
Discount Rate = 4.84% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 97.71 | Cagr: 8.47%
[DCF] Terminal Value 77.89% ; FCFF base≈506.9m ; Y1≈578.7m ; Y5≈842.5m
[DCF] Fair Price = 70.08 (EV 12.7b - Net Debt 3.97b = Equity 8.72b / Shares 124.4m; r=8.35% [WACC [floored]]; 5y FCF grow 14.51% → 2.50% )
EPS Correlation: 68.28 | EPS CAGR: 9.15% | SUE: 1.42 | # QB: 2
Revenue Correlation: 99.80 | Revenue CAGR: 15.91% | SUE: -1.17 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.47 | Chg30d=-0.53% | Revisions=+40% | Analysts=4
EPS current Year (2026-12-31): EPS=1.92 | Chg30d=-0.18% | Revisions=+25% | GrowthEPS=+4.9% | GrowthRev=+17.2%
EPS next Year (2027-12-31): EPS=1.91 | Chg30d=-0.78% | Revisions=+0% | GrowthEPS=-0.2% | GrowthRev=+13.1%
[Analyst] Revisions Ratio: +38% (up=4, down=1)