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Agree Realty Corporation (ADC)
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Upturn Advisory Summary
04/22/2025: ADC (3-star) is a STRONG-BUY. BUY since 1 days. Profits (0.00%). Updated daily EoD!
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 39.17% | Avg. Invested days 49 | Today’s Advisory Strong Buy |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 04/22/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 8.35B USD | Price to earnings Ratio 42.75 | 1Y Target Price 81.53 |
Price to earnings Ratio 42.75 | 1Y Target Price 81.53 | ||
Volume (30-day avg) 1494982 | Beta 0.56 | 52 Weeks Range 54.83 - 79.65 | Updated Date 04/25/2025 |
52 Weeks Range 54.83 - 79.65 | Updated Date 04/25/2025 | ||
Dividends yield (FY) 4.03% | Basic EPS (TTM) 1.77 |
Earnings Date
Report Date 2025-04-21 | When Before Market | Estimate 0.4251 | Actual 0.4593 |
Profitability
Profit Margin 30.05% | Operating Margin (TTM) 48.63% |
Management Effectiveness
Return on Assets (TTM) 2.3% | Return on Equity (TTM) 3.55% |
Valuation
Trailing PE 42.75 | Forward PE 44.05 | Enterprise Value 11557863026 | Price to Sales(TTM) 13.11 |
Enterprise Value 11557863026 | Price to Sales(TTM) 13.11 | ||
Enterprise Value to Revenue 18.15 | Enterprise Value to EBITDA 20.68 | Shares Outstanding 110019000 | Shares Floating 107726812 |
Shares Outstanding 110019000 | Shares Floating 107726812 | ||
Percent Insiders 1.77 | Percent Institutions 109.4 |
Analyst Ratings
Rating 4.33 | Target Price 80.55 | Buy 3 | Strong Buy 13 |
Buy 3 | Strong Buy 13 | ||
Hold 4 | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Agree Realty Corporation
Company Overview
History and Background
Agree Realty Corporation was founded in 1971 and went public in 1994. It is a real estate investment trust (REIT) focused on the acquisition and development of net leased properties, primarily leased to retail tenants.
Core Business Areas
- Net Lease Retail Properties: The company owns and develops properties leased to retailers under long-term net lease agreements, where the tenant is responsible for property taxes, insurance, and maintenance.
Leadership and Structure
Joey Agree serves as the President and CEO. The company operates with a typical REIT structure, governed by a board of directors.
Top Products and Market Share
Key Offerings
- Net Leased Properties: Agree Realty owns a diversified portfolio of net leased properties leased to retailers. Competitors include Realty Income, National Retail Properties, and W. P. Carey.
Market Dynamics
Industry Overview
The net lease retail real estate sector is driven by demand from retailers seeking to expand their physical presence without tying up capital in real estate ownership. Interest rate changes significantly impact this industry.
Positioning
Agree Realty Corporation is a prominent player in the net lease retail sector, known for its focus on high-quality tenants and strategic property locations. They are a relatively smaller player compared to other REITs.
Total Addressable Market (TAM)
The TAM for net lease retail is estimated to be several trillion dollars, with continuous expansion and store renovations and relocations. ADC is well positioned with stable and consistent earnings growth.
Upturn SWOT Analysis
Strengths
- High-quality tenant base
- Diversified portfolio
- Disciplined investment strategy
- Strong balance sheet
- Experienced management team
Weaknesses
- Reliance on retail sector
- Sensitivity to interest rate changes
- Smaller market capitalization compared to larger REIT peers
Opportunities
- Acquisition opportunities in fragmented market
- Development of new net lease properties
- Expansion into new geographic markets
- Increased demand for net lease properties from retailers
Threats
- Economic downturn impacting retail sales
- Rising interest rates increasing borrowing costs
- Increased competition for net lease properties
- Tenant bankruptcies or store closures
Competitors and Market Share
Key Competitors
- O
- NNN
- WPC
- EPRT
Competitive Landscape
Agree Realty competes with other net lease REITs for acquisitions and tenants. Their focus on high-quality tenants and strategic locations is a competitive advantage. Their size provides less scale.
Major Acquisitions
Town & Country Shopping Center in Kettering, Ohio
- Year: 2023
- Acquisition Price (USD millions): 28.6
- Strategic Rationale: This was an accretive transaction to strengthen Agree's presence in the Midwest. Town & Country Shopping Center is 207,000 sq ft.
Growth Trajectory and Initiatives
Historical Growth: Agree Realty has experienced steady growth in its portfolio size and revenue over the past several years.
Future Projections: Analyst estimates project continued growth in revenue, net income, and EPS, driven by acquisitions and development. Revenue Growth: [0.10, 0.09, 0.08]
Recent Initiatives: Recent initiatives may include strategic acquisitions, development projects, and capital market transactions.
Summary
Agree Realty Corporation is a well-managed REIT focused on net lease retail properties. Its disciplined investment strategy and high-quality tenant base contribute to its stability. Sensitivity to interest rates and reliance on the retail sector pose risks, while acquisitions and developments provide growth opportunities. Continuous dividend payout along with consistent FFO growth should be watched.
Similar Companies
EPRT
Essential Properties Realty Trust Inc
EPRT
Essential Properties Realty Trust Inc
NNN
National Retail Properties Inc
NNN
National Retail Properties Inc
O
Realty Income Corporation
O
Realty Income Corporation
WPC
W P Carey Inc
WPC
W P Carey Inc
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q), Company Website, Investor Presentations
- Analyst Reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Agree Realty Corporation
Exchange NYSE | Headquaters Royal Oak, MI, United States | ||
IPO Launch date 1994-04-15 | President, CEO & Director Mr. Joel N. Agree J.D. | ||
Sector Real Estate | Industry REIT - Retail | Full time employees 75 | Website https://www.agreerealty.com |
Full time employees 75 | Website https://www.agreerealty.com | ||
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, 2024, the Company owned and operated a portfolio of 2,271 properties, located in 49 states and containing approximately 47.2 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol ADC.
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