ADC Agree Realty Corporation - Fundamental Analysis
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ADC Stock | Fundamental Analysis & Investment Insights
NYSE
Real Estate
REIT - Retail
Current Price
Live
$72.55
Analyst Target
$81.76
+12.7%
Upside
52W High
$79.65
52W Low
$68.98
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Jan 24, 2026
Market cap
$8.36B
P/E
42.18
ROE
3.5%
Profit margin
28.1%
Debt/Equity
0.58
Dividend yield
4.36%
AI Analysis
Powered by advanced machine learning algorithms
Confidence Score
72%
Analysis Accuracy
Agree Realty Corporation (ADC) shows a stable financial health with a Piotroski F-Score of 6/9, indicating moderate strength, though the absence of an Altman Z-Score limits distress risk assessment. The stock trades at a significant premium to its Graham Number of $43.99, currently at $72.55, supported by strong revenue growth and sector-relative profitability. However, the extremely high payout ratio of 178.6% raises sustainability concerns for the dividend, despite a solid 4.36% yield. Analysts are constructive with a 'buy' recommendation and a target price of $81.76, but weak technical trend (0/100) and inconsistent earnings beats temper near-term upside conviction.
Key Strengths
Stable Piotroski F-Score of 6/9 suggests resilient financial health
Strong revenue growth of 18.7% YoY, outpacing sector average of 45.17% in context of REIT-retail dynamics
High gross and operating margins (87.73% and 48.68%) reflect pricing power and cost efficiency
Low Debt/Equity ratio of 0.58, well below sector average of 4.03, indicating conservative capital structure
Attractive dividend yield of 4.36% with analyst buy consensus supporting income appeal
Key Risks
Payout ratio of 178.6% exceeds earnings, signaling dividend is not sustainably covered by net income
Elevated valuation with P/E of 42.18 and Forward P/E of 37.35, above sector average of 39.50, increasing downside risk
Technical trend score of 0/100 indicates strong bearish momentum despite fundamental strength
Inconsistent earnings surprises: only 2 of last 4 quarters beat estimates, with volatility in prior quarters
Missing key financial data (EV, cash, debt, shares outstanding) limits comprehensive leverage and liquidity analysis
AI Fair Value Estimate
Based on comprehensive analysis
$48.5
-33.1% below current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
57
Moderate
42
68
60
66
50
AI Verdict
Moderately positive with caution due to valuation and dividend risk
Key drivers: Revenue growth and margin strength, Low leverage relative to sector, High dividend yield, Elevated payout ratio, Rich valuation multiples
Confidence
75%
Value
42/100
Ref P/E, PEG, Graham Number
Positives
- Price/Book of 1.45 is reasonable for a REIT
- Below-average P/E relative to some high-growth REITs
Watchpoints
- Current price ($72.55) is 65% above Graham Number ($43.99)
- P/E of 42.18 and Forward P/E of 37.35 are high for a mature REIT
Future
68/100
Ref Growth rates
Positives
- 18.7% YoY revenue growth indicates strong leasing or acquisition momentum
- Q/Q earnings growth of 17.4% shows recent acceleration
Watchpoints
- PEG unavailable, limiting growth-adjusted valuation insight
- Forward P/E decline suggests growth expectations are already priced in
Past
60/100
Ref Historical trends
Positives
- 5-year return of +38.9% shows long-term capital appreciation
- History of positive, though volatile, earnings surprises
Watchpoints
- Only 2 of last 4 quarters beat estimates
- Significant negative surprise in Q3 2021 (-45.2%) indicates past volatility
Health
66/100
Ref Altman Z-Score, Piotroski F-Score
Positives
- Piotroski F-Score of 6 indicates stable financial condition
- Debt/Equity of 0.58 is low and manageable
Watchpoints
- Current and Quick Ratios near 1.0 signal tight short-term liquidity
- Altman Z-Score not available, creating blind spot in distress risk
Dividend
50/100
Ref Yield, Payout
Positives
- Dividend yield of 4.36% is attractive in current rate environment
- Dividend Strength score of 40/100 suggests moderate reliability
Watchpoints
- Payout ratio of 178.6% is unsustainable long-term
- No visible dividend growth history provided
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$72.55
Analyst Target
$81.76
Upside/Downside
+12.7%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for ADC and closest competitors.
Updated 2026-01-23
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
ADC
Agree Realty Corporation
Primary
|
+38.9% | +12.4% | +5.9% | +0.8% | +0.6% | -0.9% |
|
AHR
American Healthcare REIT, Inc.
Peer
|
+278.7% | +278.7% | +65.4% | +25.2% | -4.0% | -3.7% |
|
BRX
Brixmor Property Group Inc.
Peer
|
+90.8% | +33.3% | +5.2% | +5.4% | +1.4% | -1.0% |
|
AGNCN
AGNC Investment Corp.
Peer
|
+58.3% | +38.4% | +9.9% | +4.4% | +0.7% | -0.4% |
|
AGNCM
AGNC Investment Corp.
Peer
|
+50.4% | +45.5% | +8.3% | +3.6% | +0.6% | -0.2% |
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
42.18
Forward P/E
37.35
PEG Ratio
N/A
P/B Ratio
1.45
P/S Ratio
12.15
EV/Revenue
17.24
EV/EBITDA
19.97
Market Cap
$8.36B
Profitability
Profit margins and return metrics
Profit Margin
28.11%
Operating Margin
48.68%
Gross Margin
87.73%
ROE
3.48%
ROA
2.33%
Growth
Revenue and earnings growth rates
Revenue Growth
+18.7%
Earnings Growth
+7.1%
Q/Q Revenue Growth
N/A
Q/Q Earnings Growth
+17.4%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
0.58
Moderate
Current Ratio
0.99
Weak
Quick Ratio
0.96
Poor
Cash/Share
$0.13
Quarterly Earnings History
EPS performance vs analyst estimates
2026-02-10
$N/A
2025-10-21
$0.47
+2.5% surprise
2025-07-31
$0.46
-0.1% surprise
2025-04-22
$0.46
+8.0% surprise
Real Estate Sector Comparison
Comparing ADC against 56 companies in the Real Estate sector
(1 bullish, 9 neutral, 46 bearish)
P/E Ratio
42.18
This Stock
vs
49.55
Sector Avg
-14.9%
(Discount)
Return on Equity (ROE)
3.48%
This Stock
vs
-75.18%
Sector Avg
-104.6%
(Below Avg)
Profit Margin
28.11%
This Stock
vs
26.43%
Sector Avg
+6.3%
(Better)
Debt to Equity
0.58
This Stock
vs
3.27
Sector Avg
-82.4%
(Less Debt)
Revenue Growth
18.7%
This Stock
vs
1431.44%
Sector Avg
-98.7%
(Slower)
Current Ratio
0.99
This Stock
vs
3449.18
Sector Avg
-100.0%
(Weaker)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
ADC
Agree Realty Corporation
|
NEUTRAL | $8.36B | 42.18 | 3.5% | 28.1% | $72.55 | |
|
AHR
American Healthcare REIT, Inc.
|
BEARISH | $8.61B | 385.33 | 1.1% | 1.2% | $46.24 | |
|
BRX
Brixmor Property Group Inc.
|
BEARISH | $8.08B | 24.23 | 11.4% | 24.7% | $26.41 | |
|
AGNCN
AGNC Investment Corp.
|
BEARISH | $8.83B | - | 15.1% | 92.9% | $25.72 | |
|
AGNCM
AGNC Investment Corp.
|
BEARISH | $8.88B | - | 15.1% | 92.9% | $24.98 |
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-01-09 | COUGHENOUR PETER | Chief Financial Officer | Purchase | 500 | $34,900 |
| 2026-01-09 | AGREE RICHARD | Officer and Director | Purchase | 24,000 | $1,696,080 |
| 2025-12-24 | RAKOLTA JOHNJR | Director | Purchase | 15,000 | $1,082,700 |
| 2025-12-22 | RAKOLTA JOHNJR | Director | Gift | 11,549 | - |
| 2025-11-18 | AGREE RICHARD | Officer and Director | Gift | 2,570 | - |
| 2025-10-07 | RAKOLTA JOHNJR | Director | Purchase | 25,154 | $1,771,093 |
| 2025-10-03 | ERLICH CRAIG | Officer | Purchase | 360 | $25,504 |
| 2025-10-02 | AGREE JOEL N | Chief Executive Officer | Purchase | 3,528 | $249,183 |
| 2025-09-05 | LEHMKUHL GREG | Director | Purchase | 750 | $54,630 |
| 2025-08-14 | AGREE JOEL N | Chief Executive Officer | Purchase | 2,100 | $151,368 |
| 2025-08-13 | AGREE JOEL N | Chief Executive Officer | Purchase | 4,850 | $349,928 |
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
BUY
19 analysts
RBC Capital
2026-01-06
Outperform
Outperform
Mizuho
2025-12-17
Neutral
Neutral
Evercore ISI Group
2025-12-15
Outperform
Outperform
Barclays
2025-12-03
Equal-Weight
Equal-Weight
Wells Fargo
2025-11-25
Overweight
Overweight
Truist Securities
2025-10-24
Buy
Buy
Keybanc
2025-10-24
Overweight
Overweight
RBC Capital
2025-10-23
Outperform
Outperform
Evercore ISI Group
2025-09-15
Outperform
Outperform
Mizuho
2025-09-11
Neutral
Neutral
Past News Coverage
Recent headlines mentioning ADC from our newsroom.
Newest → oldest
No matching news yet.