ADC Stock Analysis: Agree Realty | NYSE
REIT - Retail | NYSE, USA | Market Cap: 9.389m USD | 12M Return: 12.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 87.9M
EPS Trend: 78.5%
Qual. Beats: 1
Rev. Trend: 99.7%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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) that focuses on acquiring and developing retail properties net leased to leading omni-channel retailers. As of December 31, 2025, the companys portfolio comprised 2,674 properties spanning all 50 U.S. states, with approximately 55.5 million square feet of gross leasable area. Headquartered in Royal Oak, Michigan, Agree Realty has been operating since its incorporation in 1971 and has been listed on the New York Stock Exchange since its 1994 IPO.
Within the Real Estate sector, ADC operates as a Retail REIT, a specialized segment that owns and leases commercial retail space. Its net-lease business model typically involves long-term contracts where tenants are responsible for most property operating expenses, such as taxes, insurance, and maintenance, providing the landlord with more predictable rental income and reducing exposure to inflationary cost increases.
- Interest rate movements pressure net lease REIT cap rate spreads
- Acquisition pace and same-store rental growth drive AFFO expansion
- Tenant retail exposure creates consumer spending and e-commerce headwind risk
| Net Income: 219.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -4.14 > 1.0 |
| NWC/Revenue: -4.20% < 20% (prev -6.32%; Δ 2.12% < -1%) |
| CFO/TA 0.05 > 3% & CFO 522.6m > Net Income 219.6m |
| Net Debt (6.68b) to EBITDA (613.3m): 10.89 < 3 |
| Current Ratio: 0.83 > 1.5 & < 3 |
| Outstanding Shares: last quarter (120.4m) vs 12m ago 11.93% < -2% |
| Gross Margin: 87.64% > 18% (prev 87.95%; Δ -0.30% > 0.5%) |
| Asset Turnover: 7.90% > 50% (prev 7.24%; Δ 0.67% > 0%) |
| Interest Coverage Ratio: 2.40 > 6 (EBIT TTM 335.2m / Interest Expense TTM 139.8m) |
| A: -0.00 (Total Current Assets 154.7m - Total Current Liabilities 186.2m) / Total Assets 10.2b |
| B: -0.06 (Retained Earnings -653.4m / Total Assets 10.2b) |
| C: 0.04 (EBIT TTM 335.2m / Avg Total Assets 9.49b) |
| D: 1.58 (Book Value of Equity 6.24b / Total Liabilities 3.95b) |
| Altman-Z'' = 1.67 = BB |
| DSRI: 1.04 (Receivables 129.6m/105.5m, Revenue 750.0m/636.8m) |
| GMI: 1.00 (GM 87.95% / 87.64%) |
| AQI: 1.45 (AQ_t 0.11 / AQ_t-1 0.08) |
| SGI: 1.18 (Revenue 750.0m / 636.8m) |
| TATA: -0.03 (NI 219.6m - CFO 522.6m) / TA 10.2b) |
| Beneish M = -2.59 (Cap -4..+1) = A |
As of July 13, 2026, the stock is trading at USD 77.95 with a total of 425,635 shares traded. Over the past week, the price has changed by +0.18%, over one month by +3.15%, over three months by +1.61% and over the past year by +12.27%.
Current recommended Stop Loss: 75.20 (which is 3.5% or 2.2 ATR below the current price).
Agree Realty has received a consensus analysts rating of 4.29. Therefore, it is recommended to buy ADC.
- StrongBuy: 12
- Buy: 3
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 84.5 | 8.4% |
P/E Trailing = 42.1351
P/E Forward = 39.8406
P/S = 12.5181
P/B = 1.5439
P/EG = 0.1254
Revenue TTM = 750.0m USD
EBIT TTM = 335.2m USD
EBITDA TTM = 613.3m USD
Long Term Debt = 3.69b USD (from longTermDebt, last quarter)
Short Term Debt = 2.95b USD (from shortTermDebt, last fiscal year)
Debt = 6.70b USD (corrected: LT Debt 3.69b + ST Debt 2.95b) + Leases 61.8m
Net Debt = 6.68b USD (calculated: Debt 6.70b - CCE 25.1m)
Enterprise Value = 16.1b USD (9.39b + Debt 6.70b - CCE 25.1m)
Interest Coverage Ratio = 2.40 (Ebit TTM 335.2m / Interest Expense TTM 139.8m)
EV/FCF = 145.7x (Enterprise Value 16.1b / FCF TTM 110.3m)
FCF Yield = 0.69% (FCF TTM 110.3m / Enterprise Value 16.1b)
FCF Margin = 14.71% (FCF TTM 110.3m / Revenue TTM 750.0m)
Net Margin = 29.28% (Net Income TTM 219.6m / Revenue TTM 750.0m)
Gross Margin = 87.64% ((Revenue TTM 750.0m - Cost of Revenue TTM 92.7m) / Revenue TTM)
Gross Margin QoQ = 87.60% (prev 87.40%)
Tobins Q-Ratio = 1.58 (Enterprise Value 16.1b / Total Assets 10.2b)
Interest Expense / Debt = 2.09% (Interest Expense 139.8m / Debt 6.70b)
Taxrate = 0.16% (410k / 257.3m)
NOPAT = 334.6m (EBIT 335.2m * (1 - 0.16%))
Current Ratio = 0.83 (Total Current Assets 154.7m / Total Current Liabilities 186.2m)
Debt / Equity = 1.07 (Debt 6.70b / totalStockholderEquity, last quarter 6.24b)
Debt / EBITDA = 10.89 (Net Debt 6.68b / EBITDA 613.3m)
Debt / FCF = 60.53 (Net Debt 6.68b / FCF TTM 110.3m)
Total Stockholder Equity = 6.01b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.31% (Net Income 219.6m / Total Assets 10.2b)
RoE = 3.65% (Net Income TTM 219.6m / Total Stockholder Equity 6.01b)
RoCE = 3.45% (EBIT 335.2m / Capital Employed (Equity 6.01b + L.T.Debt 3.69b))
RoIC = 2.59% (NOPAT 334.6m / Invested Capital 12.9b)
WACC = 3.78% (E(9.39b)/V(16.1b) * Re(4.99%) + D(6.70b)/V(16.1b) * Rd(2.09%) * (1-Tc(0.00)))
Discount Rate = 4.99% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 94.39 | Cagr: 8.40%
[DCF] Terminal Value 73.10% ; FCFF base≈250.0m ; Y1≈219.2m ; Y5≈177.1m
[DCF] Fair Price = N/A (negative equity: EV 2.84b - Net Debt 6.68b = -3.83b; debt exceeds intrinsic value)
EPS Correlation: 78.46 | EPS CAGR: 2.71% | SUE: 1.00 | # QB: 1
Revenue Correlation: 99.67 | Revenue CAGR: 16.25% | SUE: 3.55 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.46 | Chg30d=-3.13% | Revisions=-25% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.47 | Chg30d=-3.60% | Revisions=-40% | Analysts=3
EPS current Year (2026-12-31): EPS=1.90 | Chg30d=-0.77% | Revisions=-25% | GrowthEPS=+4.1% | GrowthRev=+16.6%
EPS next Year (2027-12-31): EPS=1.95 | Chg30d=-2.29% | Revisions=-25% | GrowthEPS=+2.7% | GrowthRev=+13.5%
[Analyst] Revisions Ratio: -62% (up=0, down=5)