Agree Realty Corporation (ADC)
| Market Cap | 6.33B |
| Revenue (ttm) | 509.86M |
| Net Income (ttm) | 157.49M |
| Shares Out | 100.52M |
| EPS (ttm) | 1.71 |
| PE Ratio | 36.81 |
| Forward PE | 33.78 |
| Dividend | $2.92 (4.64%) |
| Ex-Dividend Date | Dec 28, 2023 |
| Volume | 515,684 |
| Open | 63.35 |
| Previous Close | 63.47 |
| Day's Range | 62.89 - 63.48 |
| 52-Week Range | 52.69 - 75.71 |
| Beta | 0.54 |
| Analysts | Buy |
| Price Target | 67.06 (+6.53%) |
| Earnings Date | Feb 13, 2024 |
About ADC
Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of September 30, 2023, the Company owned and operated a portfolio of 2,084 properties, located in 49 states and containing approximately 43.2 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol ADC. [Read more]
Financial Performance
In 2022, Agree Realty's revenue was $429.81 million, an increase of 26.67% compared to the previous year's $339.32 million. Earnings were $145.00 million, an increase of 20.71%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for ADC stock is "Buy." The 12-month stock price forecast is $67.06, which is an increase of 6.53% from the latest price.
News
Agree Realty Declares Monthly Common and Preferred Dividends
ROYAL OAK, Mich. , Dec. 12, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthl...
Agree Realty Announces Appointment of Linglong He to Board of Directors
ROYAL OAK, Mich. , Dec. 11, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that Linglong He will join the Company's Board of Directors (the "Board"), effecti...
Agree Realty Corporation Reports Third Quarter 2023 Results
Achieves Record Investment Grade Exposure Approaching 69% of Annualized Base Rents ROYAL OAK, Mich. , Oct. 24, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced...
Agree Realty's ESG Rating Upgraded from B to BBB By MSCI
ROYAL OAK, Mich. , Oct. 18, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that MSCI, one of the world's largest providers of indices for tracking companies ...
Agree Realty Declares Increased Monthly Common Dividend
Increase Results in 1.6% Month-Over-Month Growth and 2.9% Year-Over-Year Growth ROYAL OAK, Mich. , Oct. 12, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced t...
Agree Realty Announces Third Quarter 2023 Earnings Release Date and Conference Call Information
ROYAL OAK, Mich. , Oct. 2, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its third quarter 2023 operating results after the market clos...
Agree Realty Promotes Nicole Witteveen to Chief Operating Officer
Announces Addition of Edward Eickhoff as Executive Vice President, Asset Management ROYAL OAK, Mich. , Sept. 18, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") is pleased to...
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Agree Realty Corporation Reports Second Quarter 2023 Results
Increases 2023 Acquisition Guidance to At Least $1.3 Billion; Portfolio Surpasses 2,000 Properties ROYAL OAK, Mich. , Aug. 1, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") ...
Affordability strains in housing are benefiting single-family REITs, says Mizuho's Haendel St. Juste
Haendel St. Juste, senior REIT analyst at Mizuho Securities, joins 'The Exchange' to discuss areas of opportunity in the REIT sector, top names in gaming REITs, and more.
Big retail tenants like Walmart and Home Depot thriving now, says Agree Realty CEO
Agree Realty's Joey Agree joins 'The Exchange' to discuss retail brands benefiting from consumer trade downs, opportunities in commercial real estate, and a normalization of pandemic era purchasing tr...
Agree Realty Announces Second Quarter 2023 Earnings Release Date and Conference Call Information
BLOOMFIELD HILLS, Mich. , July 6, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its second quarter 2023 operating results after the mar...
Agree Realty Announces $350 Million 5.5-Year Term Loan
Forward Starting Swaps to Fix Interest Rate at 4.52% BLOOMFIELD HILLS, Mich. , June 28, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced it has received commit...
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Investors have good reason to be concerned about the real-estate market. It has been obvious for decades that the U.S. has too many retail properties, and now, changing work habits promise to put down...
Agree Realty Releases Whitepaper Exploring the Modern Grocery Landscape
Management to Present at Nareit's REITweek 2023 Investor Conference BLOOMFIELD HILLS, Mich. , June 1, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the rele...
Agree Realty Releases 2022 Environmental, Social & Governance Report
BLOOMFIELD HILLS, Mich. , May 18, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the release of its 2022 environmental, social and governance ("ESG") report.
Agree Realty Corporation Reports First Quarter 2023 Results
Increases 2023 Acquisition Guidance to At Least $1.2 Billion BLOOMFIELD HILLS, Mich. , May 4, 2023 Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended M...
Agree Realty Announces First Quarter 2023 Earnings Release Date and Conference Call Information
BLOOMFIELD HILLS, Mich. , April 17, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its first quarter 2023 operating results after the ma...
Agree Realty Corporation Reports Fourth Quarter and Record Full Year 2022 Results
BLOOMFIELD HILLS, Mich. , Feb. 14, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter and full year ended December 31, 2022.
Daily Dividend Report: Public Service Enterprise Group, TC Energy, Agree Realty, SS&C Technologies Holdings, Avient
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Agree Realty Set to Join S&P MidCap 400; Comstock Resources to Join S&P SmallCap 600
NEW YORK , Jan. 30, 2023 /PRNewswire/ -- S&P SmallCap 600 constituent Agree Realty Corp. (NYSE:ADC) will replace STORE Capital Corp. (NYSE:STOR) in the S&P MidCap 400, and Comstock Resources Inc. (NYS...
Agree Realty Announces Fourth Quarter 2022 Earnings Release Date and Conference Call Information
BLOOMFIELD HILLS, Mich. , Jan. 11, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its fourth quarter and full year 2022 operating result...
Agree Realty Announces Record 2022 Investment Activity & Provides Update on Capital Markets Activities
Balance Sheet Fully Funded for 2023 Investment Activity BLOOMFIELD HILLS, Mich. , Jan. 4, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced a summary of its rec...
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Agree Realty Corporation Reports Third Quarter 2022 Results
Increases Lower End of 2022 Acquisition Guidance to $1.6 Billion; Fortifies Balance Sheet with Over $800 Million of Capital Raised BLOOMFIELD HILLS, Mich. , Nov. 1, 2022 /PRNewswire/ -- Agree Realty C...