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Upturn AI Summary - About
Agree Realty Corporation(ADC)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ADC
10/23/2026: ADC (1-star) is currently NOT-A-BUY. Pass it for now.
Agree Realty Corporation is a net-lease REIT that focuses on owning high-quality retail properties leased to reputable, necessity-based tenants. The company stands out for its conservative financial structure, monthly dividend payments, and a strategic emphasis on institutional-grade tenants. Its primary growth opportunity lies in consolidating the fragmented net-lease market and expanding its defensive ground-lease portfolio. However, investors must monitor risks related to interest rate volatility, the ongoing shift toward e-commerce, and potential retail tenant insolvencies. The stock may best suit dividend-focused or conservative investors seeking stable, long-term income, though its performance is often linked to the broader macroeconomic and interest rate environment.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | While the company grows FFO, it is a steady REIT play rather than a high-growth technology stock. |
| Momentum investor | Weak fit | REITs often move sideways for long periods depending on interest rate sentiment rather than price momentum. |
| Value investor | Strong fit | Investors often find value in the company's tangible asset base and consistent cash flow generation. |
| Dividend investor | Strong fit | The company's monthly dividend and long-term track record make it a staple for income-focused portfolios. |
| Low-risk investor | Strong fit | Its focus on investment-grade tenants and long-term leases provides a defensive characteristic suitable for lower-risk profiles. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | Share prices can fluctuate based on broader interest rate trends and market sentiment toward REITs. |
| Valuation risk | Medium | Investors may overpay during periods of low interest rates when REIT yields are particularly attractive. |
| Competition risk (Retail net-lease competition) | Medium / high | Intense competition from well-capitalized peers can pressure cap rates and acquisition returns. |
| Business quality | Strong | The company maintains a high-quality portfolio with a focus on institutional-grade tenants. |
| Dividend income | Low | The dividend is supported by a stable and high-quality revenue base with low payout risk. |
| Execution risk | Medium | Continuous growth requires effective capital deployment in a competitive market environment. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type Stock | Historic Profit 6.62% | Avg. Invested days 53 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 8.32B USD | Price to earnings Ratio 34.38 | 1Y Target Price 78.53 |
Price to earnings Ratio 34.38 | 1Y Target Price 78.53 | ||
Volume (30-day avg) 1.8M shares | Beta 0.42 | 52 Weeks Range 64.34 - 80.90 | Updated Date 10/24/2026 |
52 Weeks Range 64.34 - 80.90 | Updated Date 10/24/2026 | ||
Dividends yield (FY) 4.73% | Basic EPS (TTM) 1.94 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Retail Property Rent | Rental income collected from high-quality, necessity-based retail tenants across the US. | The company acts as a landlord, collecting reliable monthly rent checks from stable retail stores. |
| Ground Lease Income | Long-term revenue derived from owning the land under established commercial properties. | Owning just the land is a very safe, long-term investment that provides steady income. |
Earnings Date
Report Date 2026-10-20 | When After Market | Estimate 1.11 | Actual 1.15 |
Profitability
Profit Margin 29.75% | Operating Margin (TTM) 48.29% |
Management Effectiveness
Return on Assets (TTM) 2.4% | Return on Equity (TTM) 3.77% |
Valuation
Trailing PE 34.38 | Forward PE 35.09 | Enterprise Value 12.57B | Price to Sales(TTM) 10.27 |
Enterprise Value 12.57B | Price to Sales(TTM) 10.27 | ||
Enterprise Value to Revenue 16.13 | Enterprise Value to EBITDA 18.59 | Shares Outstanding 124.38M | Shares Floating 127.45M |
Shares Outstanding 124.38M | Shares Floating 127.45M | ||
Percent Insiders 1.69 | Percent Institutions 112.5 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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