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ADC
Upturn stock ratingUpturn stock rating

Agree Realty Corporation (ADC)

Upturn stock ratingUpturn stock rating
$79.12
Last Close (24-hour delay)
Profit since last BUY0%
upturn advisory
Strong Buy
BUY since 1 day
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

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

ratingratingratingratingrating

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Number of Analysts

rating

21 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.

Year Target Price $82.18

Year Target Price $82.18

Analyst’s Price TargetsFor last 52 week
$82.18Target price
Low$59.08
Current$79.12
high$79.11

Analysis of Past Performance

Type Stock
Historic Profit 39.17%
Avg. Invested days 49
Today’s Advisory Strong Buy
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/22/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 7.98B USD
Price to earnings Ratio 40.88
1Y Target Price 82.03
Price to earnings Ratio 40.88
1Y Target Price 82.03
Volume (30-day avg) -
Beta 0.56
52 Weeks Range 59.08 - 79.11
Updated Date 06/29/2025
52 Weeks Range 59.08 - 79.11
Updated Date 06/29/2025
Dividends yield (FY) 4.25%
Basic EPS (TTM) 1.77

Earnings Date

Report Date -
When -
Estimate -
Actual -

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 40.88
Forward PE 38.61
Enterprise Value 11124389947
Price to Sales(TTM) 12.54
Enterprise Value 11124389947
Price to Sales(TTM) 12.54
Enterprise Value to Revenue 17.47
Enterprise Value to EBITDA 19.9
Shares Outstanding 110019000
Shares Floating 107714733
Shares Outstanding 110019000
Shares Floating 107714733
Percent Insiders 1.8
Percent Institutions 116.03

Analyst Ratings

Rating 4.29
Target Price 82.18
Buy 3
Strong Buy 12
Buy 3
Strong Buy 12
Hold 6
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Agree Realty Corporation

stock logo

Company Overview

overview logo History and Background

Agree Realty Corporation (ADC) was founded in 1971 and is a publicly traded real estate investment trust (REIT) primarily focused on the acquisition and development of net lease retail properties. Initially a regional developer, the company shifted its focus to net lease properties in the late 1990s and has since grown into a national REIT.

business area logo Core Business Areas

  • Acquisition: Acquisition of high-quality retail properties leased to industry-leading tenants operating in sectors such as grocery, home improvement, auto parts, convenience stores, and discount retail.
  • Development and Construction: Development and construction of new retail properties, typically pre-leased to tenants on long-term net leases.
  • Asset Management: Management and leasing of existing properties, maintaining high occupancy rates and tenant relationships.

leadership logo Leadership and Structure

Joey Agree serves as the President and Chief Executive Officer. The company has a board of directors overseeing corporate governance. The organizational structure includes teams responsible for acquisitions, development, asset management, finance, and legal functions.

Top Products and Market Share

overview logo Key Offerings

  • Net Lease Retail Properties: Agree Realty focuses on acquiring and developing properties net-leased to high-quality tenants. Market share data isn't readily available, but the company competes with other REITs. Competitors include Realty Income, National Retail Properties and Essential Properties Realty Trust. Revenue is approximately $500 million annually (estimates are based on recent reports).

Market Dynamics

industry overview logo Industry Overview

The net lease retail REIT industry involves owning and leasing retail properties under long-term net leases, where tenants are responsible for property taxes, insurance, and maintenance. The industry is influenced by interest rates, retail trends, and economic conditions.

Positioning

Agree Realty is positioned as a leading net lease REIT with a focus on high-quality tenants and a diversified portfolio. Its competitive advantage lies in its disciplined investment strategy, proactive asset management, and strong balance sheet.

Total Addressable Market (TAM)

The TAM for net lease retail real estate is estimated to be in the trillions of dollars. Agree Realty's market capitalization is a small fraction of this, leaving significant room for growth through acquisitions and development.

Upturn SWOT Analysis

Strengths

  • High-quality tenant base
  • Diversified portfolio
  • Strong balance sheet
  • Disciplined investment strategy
  • Experienced management team

Weaknesses

  • Sensitivity to interest rate fluctuations
  • Reliance on tenant performance
  • Relatively smaller market capitalization compared to larger REITs

Opportunities

  • Acquisition of additional net lease properties
  • Expansion into new markets
  • Development of new retail properties
  • Capitalizing on retail trends (e.g., omnichannel retail)
  • Increase rental rates based on inflation

Threats

  • Economic downturn impacting tenant health
  • Rising interest rates increasing borrowing costs
  • Increased competition for acquisitions
  • Changes in consumer spending habits
  • Inflation

Competitors and Market Share

competitor logo Key Competitors

  • O
  • NNN
  • EPRT
  • WPC

Competitive Landscape

Agree Realty's competitive advantages include its focus on high-quality tenants, diversified portfolio, and disciplined investment strategy. It faces competition from larger, more established REITs with greater access to capital.

Major Acquisitions

Kwik Trip Portfolio

  • Year: 2023
  • Acquisition Price (USD millions): 136
  • Strategic Rationale: Strategic acquisition to further portfolio tenant and geographic diversification.

Growth Trajectory and Initiatives

Historical Growth: Agree Realty has demonstrated strong growth over the past decade through acquisitions and development, driven by a disciplined investment strategy and focus on high-quality tenants.

Future Projections: Analyst estimates project continued growth in revenues and earnings, driven by acquisitions and development. The company is expected to maintain a conservative financial profile.

Recent Initiatives: Recent initiatives include expanding its development pipeline, focusing on strategic acquisitions in high-growth markets, and enhancing its technology platform for asset management.

Summary

Agree Realty Corporation is a financially stable REIT focused on net lease retail properties with high-quality tenants. It demonstrates consistent growth and dividend payouts. Potential risks include interest rate sensitivity and economic downturns. Their conservative and diversified approach shows stability.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC Filings (10-K, 10-Q)
  • Investor Presentations
  • Analyst Reports (FactSet, S&P Capital IQ)
  • Company Website
  • Industry Research Reports

Disclaimers:

This analysis is for informational purposes only and should not be considered investment advice. Market share data is estimated and may vary. Financial data is based on publicly available information and may not be exhaustive. Past performance is not indicative of future results.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 75

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 March 31, 2025, the Company owned and operated a portfolio of 2,422 properties, located in all 50 states and containing approximately 50.3 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol ADC.