
ADC
Agree Realty Corp
- Overview
- Forecast
- Valuation
- Earnings

Line
|

Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
73.870
Open
73.870
VWAP
73.47
Vol
1.39M
Mkt Cap
8.09B
Low
72.950
Amount
102.26M
EV/EBITDA(TTM)
29.68
Total Shares
100.63M
EV
11.23B
EV/OCF(TTM)
24.66
P/S(TTM)
12.00
Agree Realty Corporation is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties net-leased to tenants. The Company's assets are held by, and all of its operations are conducted through, directly or indirectly, the operating partnership, of which the Company is the sole general partner. Its portfolio consists of over 2,370 properties located in 50 states and totaling approximately 48.8 million square feet of gross leasable area (GLA). Its portfolio of properties is located in Texas, Ohio, Florida, Michigan, Illinois, North Carolina, New Jersey, Pennsylvania, California, New York, Georgia, Virginia, Connecticut, Wisconsin and others. Its tenants include Walmart, Dollar General, Tractor Supply, Best Buy, Dollar Tree, TJX Companies, O'Reilly Auto Parts, CVS, Kroger, Lowe's, Hobby Lobby, Burlington, Sherwin-Williams, Sunbelt Rentals, Wawa, Home Depot, TBC Corporation, Gerber Collision, and others.
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Market Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2025Q4
FY2025Q3
FY2025Q2
184.00M
+14.47%
--
--
178.48M
+15.65%
--
--
173.07M
+13.43%
--
--
Estimates Revision
The market is revising Downward the revenue expectations for Agree Realty Corporation (ADC) for FY2025, with the revenue forecasts being adjusted by -0.45% over the past three months. During the same period, the stock price has changed by -2.52%.
Revenue Estimates for FY2025
Revise Downward

-0.45%
In Past 3 Month
Stock Price
Go Down

-2.52%
In Past 3 Month
14 Analyst Rating

9.78% Upside
Wall Street analysts forecast ADC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ADC is 80.71 USD with a low forecast of 75.00 USD and a high forecast of 87.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Buy
4 Hold
0 Sell
Moderate Buy

9.78% Upside
Current: 73.520

Low
75.00
Averages
80.71
High
87.00

9.78% Upside
Current: 73.520

Low
75.00
Averages
80.71
High
87.00
Barclays
Equal Weight
maintain
$77 -> $78
2025-07-21
New
Reason
Barclays
Price Target
$77 -> $78
2025-07-21
New
maintain
Equal Weight
Reason
Barclays raised the firm's price target on Agree Realty to $78 from $77 and keeps an Equal Weight rating on the shares. The firm adjusted price targets in the net lease real estate investment trust as part of a Q2 earnings preview. The sector has underperformed over the past 90 days due to a risk-on market positioning, the analyst tells investors in a research note. However, Barclays believes tenant credit concerns have eased since Q1, despite the ongoing uncertainty around tariffs.
UBS
Michael Goldsmith
Buy
downgrade
$84 -> $80
2025-07-16
Reason
UBS
Michael Goldsmith
Price Target
$84 -> $80
2025-07-16
downgrade
Buy
Reason
UBS analyst Michael Goldsmith lowered the firm's price target on Agree Realty to $80 from $84 and keeps a Buy rating on the shares.
Morgan Stanley
Overweight
to
Equal Weight
downgrade
$75
2025-07-11
Reason
Morgan Stanley
Price Target
$75
2025-07-11
downgrade
Overweight
to
Equal Weight
Reason
Morgan Stanley downgraded Agree Realty to Equal Weight from Overweight with an unchanged price target of $75. The analyst has "incremental caution" on dollar stores, pet supplies. and off-price retail heading into the Q2 reports for the triple net real estate investment trusts. The firm cites valuation for the downgrade of Agree Realty, saying the company's best-in-class portfolio is now reflected in its premium valuation.
Barclays
Richard Hightower
Equal Weight
maintain
$75 -> $77
2025-05-21
Reason
Barclays
Richard Hightower
Price Target
$75 -> $77
2025-05-21
maintain
Equal Weight
Reason
UBS
Buy
to
Buy
downgrade
$86 -> $84
2025-05-13
Reason
UBS
Price Target
$86 -> $84
2025-05-13
downgrade
Buy
to
Buy
Reason
UBS lowered the firm's price target on Agree Realty to $84 from $86 and keeps a Buy rating on the shares.
Baird
Outperform
maintain
$76 -> $80
2025-04-25
Reason
Baird
Price Target
$76 -> $80
2025-04-25
maintain
Outperform
Reason
Baird raised the firm's price target on Agree Realty to $80 from $76 and keeps an Outperform rating on the shares. The firm updated its model following Q1 results which suggested investment activity is likely to remain elevated.
See All Ratings
Valuation Metrics
The current forward P/E ratio for Agree Realty Corp (ADC.N) is 40.25, compared to its 5-year average forward P/E of 38.67. For a more detailed relative valuation and DCF analysis to assess Agree Realty Corp 's fair value, click here.
Forward PE
The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair
5Y Average PE
38.67
Current PE
40.25
Overvalued PE
42.25
Undervalued PE
35.09
Forward EV/EBITDA
The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair
5Y Average EV/EBITDA
18.49
Current EV/EBITDA
18.23
Overvalued EV/EBITDA
19.75
Undervalued EV/EBITDA
17.24
Forward PS
The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair
5Y Average PS
11.44
Current PS
11.15
Overvalued PS
12.55
Undervalued PS
10.32
Financials
Annual
Quarterly
FY2025Q1
YoY :
+13.19%
169.16M
Total Revenue
FY2025Q1
YoY :
+12.70%
82.26M
Operating Profit
FY2025Q1
YoY :
+4.74%
47.15M
Net Income after Tax
FY2025Q1
YoY :
-2.33%
0.42
EPS - Diluted
FY2025Q1
YoY :
+487.75%
-256.45M
Free Cash Flow
FY2025Q1
YoY :
+0.49%
77.25
Gross Profit Margin - %
FY2025Q1
YoY :
-7.47%
27.87
Net Margin - %
FY2025Q1
YoY :
+4.78%
3.73
ROIC
Trading Trends
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
1
743.4K
USD
Months
3-6
1
2.0M
USD
Months
6-9
2
2.1M
USD
Months
0-12
0
0.0
USD
Months
Hedge Fund
Hedge Funds are Neutral. There are no significant trading trends over the last quarter.
Sold
0-3
Months
0.0
Volume
0
3-6
Months
242.8K
Volume
3
6-9
Months
356.4K
Volume
6
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
5
853.0K
Volume
Months
6-9
5
901.1K
Volume
Months
0-12
0
0.0
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
8.0K
USD
1
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
1
743.4K
USD
Months
3-6
1
2.0M
USD
Months
6-9
2
2.1M
USD
Months
0-12
0
0.0
USD
Months
ADC News & Events
Events Timeline
2025-04-24 (ET)
2025-04-24
06:06:11
Agree Realty 4.5M share Spot Secondary priced at $75.70

2025-04-23 (ET)
2025-04-23
16:06:20
Agree Realty announces 4.5M share common stock offering

2025-04-22 (ET)
2025-04-22
16:16:01
Agree Realty reports Q1 FFO $1.06 , consensus $1.04

Sign Up For More Events
Sign Up For More Events
News
8.0
07-10SeekingAlphaAgree Realty declares $0.256 dividend
8.0
06-26NASDAQ.COMEx-Dividend Reminder: National Healthcare, Stryker and Agree Realty
2.0
06-25NASDAQ.COMAgree Realty Breaks Below 200-Day Moving Average - Notable for ADC
Sign Up For More News
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FAQ

What is Agree Realty Corp (ADC) stock price today?
The current price of ADC is 73.52 USD — it has decreased -0.3 % in the last trading day.

What is Agree Realty Corp (ADC)'s business?

What is the price predicton of ADC Stock?

What is Agree Realty Corp (ADC)'s revenue for the last quarter?

What is Agree Realty Corp (ADC)'s earnings per share (EPS) for the last quarter?

What changes have occurred in the market's expectations for Agree Realty Corp (ADC)'s fundamentals?

How many employees does Agree Realty Corp (ADC). have?
