(ADC) Agree Realty - Overview
Stock: Retail, Net-Lease, Shopping, Centers, Realty
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.19% |
| Yield on Cost 5y | 5.81% |
| Yield CAGR 5y | 4.29% |
| Payout Consistency | 98.2% |
| Payout Ratio | 76.8% |
| Risk 5d forecast | |
|---|---|
| Volatility | 18.3% |
| Relative Tail Risk | -1.73% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.23 |
| Alpha | 2.28 |
| Character TTM | |
|---|---|
| Beta | 0.051 |
| Beta Downside | -0.069 |
| Drawdowns 3y | |
|---|---|
| Max DD | 25.80% |
| CAGR/Max DD | 0.22 |
Description: ADC Agree Realty January 07, 2026
Agree Realty Corporation (NYSE: ADC) is a publicly traded REIT that focuses on “rethinking retail” by acquiring and developing net-leased properties anchored by large, omni-channel retailers. As of September 30 2025 the company reported ownership of 2,603 properties across all 50 states, comprising roughly 53.7 million sq ft of gross leasable area, and its common stock trades on the NYSE under the ticker ADC.
Key operational metrics that investors watch include an occupancy rate that has hovered around 96% over the past 12 months-a figure that suggests strong tenant demand despite broader e-commerce pressure. The portfolio’s weighted-average lease term is approximately 10 years, providing relatively stable cash flows, while the most recent FFO (funds from operations) growth was 3.2% YoY, outpacing the average 2.5% growth rate for the Retail REIT sub-industry. A primary macro driver is the U.S. consumer spending trend; a 0.5% quarterly increase in retail sales typically translates into a 0.2% uplift in ADC’s rental income, given its focus on high-traffic, experience-oriented tenants.
For a deeper dive into ADC’s valuation dynamics and how its exposure to interest-rate cycles may affect future returns, you might find the analytics on ValueRay worth exploring.
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income: 189.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.25 > 1.0 |
| NWC/Revenue: -8.21% < 20% (prev -7.28%; Δ -0.93% < -1%) |
| CFO/TA 0.05 > 3% & CFO 484.2m > Net Income 189.8m |
| Net Debt (3.41b) to EBITDA (579.7m): 5.87 < 3 |
| Current Ratio: 0.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (111.5m) vs 12m ago 9.63% < -2% |
| Gross Margin: 89.00% > 18% (prev 0.88%; Δ 8813 % > 0.5%) |
| Asset Turnover: 7.80% > 50% (prev 7.34%; Δ 0.46% > 0%) |
| Interest Coverage Ratio: 2.53 > 6 (EBITDA TTM 579.7m / Interest Expense TTM 127.3m) |
Altman Z'' -0.15
| A: -0.01 (Total Current Assets 135.2m - Total Current Liabilities 191.7m) / Total Assets 9.48b |
| B: -0.06 (Retained Earnings -581.2m / Total Assets 9.48b) |
| C: 0.04 (EBIT TTM 321.8m / Avg Total Assets 8.83b) |
| D: -0.15 (Book Value of Equity -549.6m / Total Liabilities 3.61b) |
| Altman-Z'' Score: -0.15 = B |
Beneish M -3.11
| DSRI: 1.04 (Receivables 117.6m/98.2m, Revenue 688.6m/600.5m) |
| GMI: 0.99 (GM 89.00% / 87.94%) |
| AQI: 0.69 (AQ_t 0.11 / AQ_t-1 0.15) |
| SGI: 1.15 (Revenue 688.6m / 600.5m) |
| TATA: -0.03 (NI 189.8m - CFO 484.2m) / TA 9.48b) |
| Beneish M-Score: -3.11 (Cap -4..+1) = AA |
What is the price of ADC shares?
Over the past week, the price has changed by +3.48%, over one month by +6.42%, over three months by +4.17% and over the past year by +6.68%.
Is ADC a buy, sell or hold?
- StrongBuy: 12
- Buy: 3
- Hold: 6
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the ADC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 81.6 | 9.2% |
| Analysts Target Price | 81.6 | 9.2% |
| ValueRay Target Price | 79.9 | 6.9% |
ADC Fundamental Data Overview February 02, 2026
P/E Forward = 35.8423
P/S = 12.0916
P/B = 1.4515
P/EG = -28.74
Revenue TTM = 688.6m USD
EBIT TTM = 321.8m USD
EBITDA TTM = 579.7m USD
Long Term Debt = 3.36b USD (from longTermDebt, last quarter)
Short Term Debt = 3.01b USD (from shortTermDebt, last quarter)
Debt = 3.42b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.41b USD (from netDebt column, last quarter)
Enterprise Value = 11.73b USD (8.33b + Debt 3.42b - CCE 13.7m)
Interest Coverage Ratio = 2.53 (Ebit TTM 321.8m / Interest Expense TTM 127.3m)
EV/FCF = 24.23x (Enterprise Value 11.73b / FCF TTM 484.2m)
FCF Yield = 4.13% (FCF TTM 484.2m / Enterprise Value 11.73b)
FCF Margin = 70.31% (FCF TTM 484.2m / Revenue TTM 688.6m)
Net Margin = 27.57% (Net Income TTM 189.8m / Revenue TTM 688.6m)
Gross Margin = 89.00% ((Revenue TTM 688.6m - Cost of Revenue TTM 75.7m) / Revenue TTM)
Gross Margin QoQ = 92.81% (prev 87.58%)
Tobins Q-Ratio = 1.24 (Enterprise Value 11.73b / Total Assets 9.48b)
Interest Expense / Debt = 1.03% (Interest Expense 35.2m / Debt 3.42b)
Taxrate = 0.45% (225.0k / 50.3m)
NOPAT = 320.4m (EBIT 321.8m * (1 - 0.45%))
Current Ratio = 0.71 (Total Current Assets 135.2m / Total Current Liabilities 191.7m)
Debt / Equity = 0.58 (Debt 3.42b / totalStockholderEquity, last quarter 5.87b)
Debt / EBITDA = 5.87 (Net Debt 3.41b / EBITDA 579.7m)
Debt / FCF = 7.03 (Net Debt 3.41b / FCF TTM 484.2m)
Total Stockholder Equity = 5.67b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.15% (Net Income 189.8m / Total Assets 9.48b)
RoE = 3.35% (Net Income TTM 189.8m / Total Stockholder Equity 5.67b)
RoCE = 3.56% (EBIT 321.8m / Capital Employed (Equity 5.67b + L.T.Debt 3.36b))
RoIC = 3.74% (NOPAT 320.4m / Invested Capital 8.57b)
WACC = 4.62% (E(8.33b)/V(11.75b) * Re(6.10%) + D(3.42b)/V(11.75b) * Rd(1.03%) * (1-Tc(0.00)))
Discount Rate = 6.10% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 5.39%
[DCF Debug] Terminal Value 87.43% ; FCFF base≈465.9m ; Y1≈524.6m ; Y5≈704.1m
Fair Price DCF = 150.8 (EV 20.74b - Net Debt 3.41b = Equity 17.33b / Shares 114.9m; r=5.90% [WACC]; 5y FCF grow 14.63% → 2.90% )
EPS Correlation: -41.04 | EPS CAGR: -48.20% | SUE: -4.0 | # QB: 0
Revenue Correlation: 98.65 | Revenue CAGR: 20.37% | SUE: 0.75 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.48 | Chg30d=-0.012 | Revisions Net=+0 | Analysts=4
EPS next Year (2026-12-31): EPS=1.94 | Chg30d=-0.030 | Revisions Net=+0 | Growth EPS=+7.5% | Growth Revenue=+14.8%