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Agree Realty Corporation (ADC)

Real Estate | REIT - Retail | Royal Oak, United States | NYSE
78.62 USD +0.67 (0.860%) ⇧ (July 13, 2026, 4 p.m. EDT)
After hours: 78.66 +0.04 (0.051%) ⇧ (July 13, 2026, 6:26 p.m. EDT)
Short-term:★★★⯪☆Long-term:★★★☆☆Dividends:★★☆☆☆
Hot Take ↕ | July 11, 2026, 5:46 a.m. EDT

Agree Realty is trading above its key moving averages with a strong recent price trend, supported by robust revenue and earnings growth nearing 20 percent annually. However, the valuation is stretched with a price-to-earnings ratio exceeding 40 times, and the return on equity sits at a modest 3.7 percent. The dividend yield looks attractive at over 4 percent, but the payout ratio of 168 percent is unsustainable and suggests the distribution is being funded beyond current earnings. Options traders are positioning for downside risk in the near term, which aligns with recent insider selling. While the multi-year price trajectory is positive, the balance sheet liquidity and payout strain limit the investment case to a speculative growth play rather than a core holding.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL_115 ✓0.017730
MSTL_84_1150.018208
MSTL_840.026578
AutoETS0.028903
AutoARIMA0.028903
MSTL0.029255
AutoTheta0.029457

Forecast horizon: 60 days | Selected: MSTL_115

Forecast Reliability
Score 55%
H-stat 4.56
Ljung-Box p 0.000
Jarque-Bera p 0.366
Excess Kurtosis -0.05
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-06-29
Last Dividend Date 2026-06-29
Debt to Equity Ratio 59.607
Revenue per Share 6.584
Market Cap 9,469,816,832
Trailing P/E 42.50
Forward P/E 40.45
Beta 0.47
Profit Margins 29.25%
Website https://www.agreerealty.com

As of July 11, 2026, 5:46 a.m. EDT: Near-term options pricing shows a distinct skew toward downside protection, with put implied volatility significantly higher than call implied volatility for the July expiration. Open interest is concentrated in out-of-the-money puts, indicating hedging activity. Longer-dated calls show more balanced positioning, though overall volume remains light compared to the broader market.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.35% 4.23% 4.45% 4.27%
Dividend History
Date Dividend Yield %
2026-06-30 0.267 0.352522
2026-05-29 0.267 0.360081
2026-04-30 0.267 0.346259
2026-03-31 0.262 0.347572
2026-02-27 0.262 0.325547
2026-01-30 0.262 0.362730
2025-12-31 0.262 0.363737
2025-11-28 0.262 0.348312
2025-10-31 0.262 0.358855
2025-09-30 0.256 0.360360
2025-08-29 0.256 0.351938
2025-07-31 0.256 0.357043
2025-06-30 0.256 0.350397
2025-05-30 0.256 0.339973
2025-04-30 0.256 0.329854
2025-03-31 0.253 0.327763
2025-02-28 0.253 0.342818
2025-01-31 0.253 0.348629
2024-12-31 0.253 0.359120
2024-11-29 0.253 0.329427
2024-10-31 0.253 0.340741
2024-09-30 0.250 0.331873
2024-08-30 0.250 0.342419
2024-07-31 0.250 0.362476
2024-06-28 0.250 0.403616
2024-05-31 0.250 0.411455
2024-04-29 0.250 0.432751
2024-03-27 0.247 0.435780
2024-02-28 0.247 0.446574
2024-01-30 0.247 0.412354
2023-12-28 0.247 0.389160
2023-11-29 0.247 0.423163
2023-10-30 0.247 0.450565
2023-09-28 0.243 0.440217
2023-08-30 0.243 0.392062
2023-07-28 0.243 0.369976
2023-06-29 0.243 0.371162
2023-05-30 0.243 0.378328
2023-04-27 0.243 0.358619
2023-03-30 0.240 0.355503
2023-02-27 0.240 0.336323
2023-01-30 0.240 0.323668
2022-12-29 0.240 0.336182
2022-11-29 0.240 0.347625
2022-10-28 0.240 0.351134
2022-09-29 0.234 0.355948
2022-08-30 0.234 0.308016
2022-07-28 0.234 0.296203
2022-06-29 0.234 0.319716
2022-05-27 0.234 0.338934
2022-04-28 0.234 0.330836
2022-03-30 0.227 0.348962
2022-02-25 0.227 0.349392
2022-01-28 0.227 0.349715
2021-12-30 0.227 0.318462
2021-11-29 0.227 0.326760
2021-10-28 0.227 0.316068
2021-09-29 0.217 0.321863
2021-08-30 0.217 0.291197
2021-07-29 0.217 0.290573
2021-06-29 0.217 0.307453
2021-05-27 0.217 0.311022
2021-04-29 0.217 0.310577
2021-03-30 0.207 0.308541
2021-02-25 0.207 0.318756
2021-01-28 0.207 0.321979
2020-12-22 0.620 0.960198
2020-09-24 0.600 0.962001
2020-06-25 0.600 0.914355
2020-03-26 0.585 0.930936
2019-12-19 0.585 0.853143
2019-09-26 0.570 0.774351
2019-06-27 0.570 0.892997
2019-03-28 0.555 0.791162
2018-12-20 0.555 0.958880
2018-09-27 0.540 1.041667
2018-06-28 0.540 1.022534
2018-03-28 0.520 1.078838
2017-12-19 0.520 0.999808
2017-09-28 0.505 1.022681
2017-06-28 0.505 1.075612
2017-03-29 0.495 1.039261
2016-12-21 0.495 1.104911
2016-09-28 0.480 0.954844
2016-06-28 0.480 1.023454
2016-03-29 0.465 1.192002
2015-12-18 0.465 1.415956
2015-09-28 0.465 1.581633
2015-06-26 0.465 1.575737
2015-03-27 0.450 1.380368
2014-12-19 0.450 1.446945
2014-09-26 0.430 1.558536
2014-06-26 0.430 1.432378
2014-03-27 0.430 1.424785
2013-12-18 0.410 1.435072
2013-09-26 0.410 1.362579
2013-06-26 0.410 1.399795
2013-03-26 0.410 1.475351
2012-12-13 0.400 1.562500
2012-09-26 0.400 1.561890
2012-06-27 0.400 1.842469
2012-03-28 0.400 1.773050
2011-12-15 0.400 1.650846
2011-09-28 0.400 1.839926
2011-06-28 0.400 1.785714
2011-03-29 0.400 1.790510
2010-12-16 0.510 1.942117
2010-09-28 0.510 2.001570
2010-06-28 0.510 2.138365
2010-03-29 0.510 2.173913
2009-12-17 0.510 2.136573
2009-09-28 0.510 2.117940
2009-06-26 0.500 2.695418
2009-03-27 0.500 3.602305
2008-12-18 0.500 3.265839
2008-09-26 0.500 1.811594
2008-06-26 0.500 2.265519
2008-03-27 0.500 1.754386
2007-12-19 0.500 1.688049
2007-09-26 0.490 1.538945
2007-06-27 0.490 1.542821
2007-03-28 0.490 1.494358
2006-12-20 0.490 1.436108
2006-09-27 0.490 1.488909
2006-06-28 0.490 1.482602
2006-03-29 0.490 1.526955
2005-12-21 0.490 1.681537
2005-09-28 0.490 1.767677
2005-06-28 0.490 1.614498
2005-03-29 0.490 1.840030
2004-12-21 0.490 1.558029
2004-09-28 0.490 1.729615
2004-06-28 0.485 1.904949
2004-03-29 0.485 1.528040
2003-12-18 0.485 1.721690
2003-09-26 0.485 1.967546
2003-06-26 0.485 1.958014
2003-03-26 0.480 2.388060
2002-12-18 0.460 2.696366
2002-09-25 0.460 2.452026
2002-06-26 0.460 2.433862
2002-03-26 0.460 2.500000
2001-12-19 0.460 2.486486
2001-09-26 0.460 2.569832
2001-06-27 0.460 2.361396
2001-03-28 0.460 2.746269
2000-12-20 0.460 3.256637
2000-09-27 0.460 3.016393
2000-06-28 0.460 2.841699
2000-03-29 0.460 3.330317
1999-12-21 0.460 3.330317
1999-09-28 0.460 2.736059
1999-06-28 0.460 2.511945
1999-03-29 0.460 2.647482
1998-12-21 0.460 2.486486
1998-09-28 0.460 2.292835
1998-06-26 0.460 2.300000
1998-03-27 0.460 2.203593
1997-12-19 0.460 2.171091
1997-09-26 0.460 2.139535
1997-06-26 0.450 2.222222
1997-03-20 0.450 2.222222
1996-12-19 0.450 2.236025
1996-09-26 0.450 2.292994
1996-06-26 0.450 2.500000
1996-03-27 0.450 2.589928
1995-12-20 0.450 3.025210
1995-09-27 0.450 2.686567
1995-06-28 0.450 2.748092
1995-03-27 0.450 2.834646
1994-12-23 0.450 3.000000
1994-09-26 0.450 2.727273
1994-06-20 0.450 2.465753
Additional Data
dividendRate 3.2
dividendYield 4.11
exDividendDate 2026-06-30
trailingAnnualDividendRate 3.108
trailingAnnualDividendYield 0.039871715
lastDividendValue 0.267
lastDividendDate 2026-06-30
dividendDate 2026-07-15

Info Dump

Attribute Value
52 Week Change 0.07606292
Address1 32,301 Woodward Avenue
All Time High 82.08
All Time Low 8.35
Ask 78.79
Ask Size 100
Audit Risk 2
Average Analyst Rating 1.9 - Buy
Average Daily Volume10 Day 1,139,200
Average Daily Volume3 Month 1,148,881
Average Volume 1,148,881
Average Volume10Days 1,139,200
Beta 0.473
Bid 78.09
Bid Size 300
Board Risk 4
Book Value 50.567
City Royal Oak
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 78.62
Current Ratio 0.288
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 79.14
Day Low 78.305
Debt To Equity 59.607
Display Name Agree Realty
Dividend Date 1,784,073,600
Dividend Rate 3.2
Dividend Yield 4.11
Earnings Call Timestamp End 1,785,528,000
Earnings Call Timestamp Start 1,785,528,000
Earnings Growth 0.19
Earnings Quarterly Growth 0.32
Earnings Timestamp 1,785,441,600
Earnings Timestamp End 1,785,441,600
Earnings Timestamp Start 1,785,441,600
Ebitda 648,227,008
Ebitda Margins 0.86425
Enterprise To Ebitda 20.497
Enterprise To Revenue 17.715
Enterprise Value 13,286,881,280
Eps Current Year 1.90286
Eps Forward 1.94349
Eps Trailing Twelve Months 1.85
Esg Populated 0
Ex Dividend Date 1,782,777,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 248 737 9110
Fifty Day Average 75.4196
Fifty Day Average Change 3.2004013
Fifty Day Average Change Percent 0.04243461
Fifty Two Week Change Percent 7.606292
Fifty Two Week High 82.08
Fifty Two Week High Change -3.459999
Fifty Two Week High Change Percent -0.042153984
Fifty Two Week Low 69.56
Fifty Two Week Low Change 9.060005
Fifty Two Week Low Change Percent 0.13024735
Fifty Two Week Range 69.56 - 82.08
Financial Currency USD
First Trade Date Milliseconds 766,416,600,000
Five Year Avg Dividend Yield 4.21
Float Shares 117,636,082
Forward Eps 1.94349
Forward P E 40.453
Free Cashflow 444,884,000
Full Exchange Name NYSE
Full Time Employees 90
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.87644994
Gross Profits 657,374,016
Has Pre Post Market Data 1
Held Percent Insiders 0.01808
Held Percent Institutions 1.20679
Implied Shares Outstanding 120,450,478
Industry REIT - Retail
Industry Disp REIT - Retail
Industry Key reit-retail
Ir Website http://www.agreerealty.com/invest
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,782,777,600
Last Dividend Value 0.267
Last Fiscal Year End 1,767,139,200
Long Business Summary Agree Realty Corporation is a publicly traded real estate investment trust. The Firm is Rethinking Retail through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2025, the Company owned and operated a portfolio of 2,674 properties, located in all 50 states and containing approximately 55.5 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange. Agree Realty Corporation was incorporated in 1971 and is based in Royal Oak, United States.
Long Name Agree Realty Corporation
Market us_market
Market Cap 9,469,816,832
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_333332
Most Recent Quarter 1,774,915,200
Net Income To Common 211,530,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 9,362,017,859
Number Of Analyst Opinions 18
Open 78.33
Operating Cashflow 522,635,008
Operating Margins 0.48668
Overall Risk 3
Payout Ratio 1.68
Peg Ratio 0.13
Phone 248 737 4190
Post Market Change 0.040000916
Post Market Change Percent 0.0508788
Post Market Price 78.66
Post Market Time 1,783,981,590
Previous Close 77.95
Price Eps Current Year 41.316753
Price Hint 2
Price To Book 1.5547689
Price To Sales Trailing12 Months 12.625665
Profit Margins 0.29252002
Quick Ratio 0.273
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.85
Region US
Regular Market Change 0.670006
Regular Market Change Percent 0.859533
Regular Market Day High 79.14
Regular Market Day Low 78.305
Regular Market Day Range 78.305 - 79.14
Regular Market Open 78.33
Regular Market Previous Close 77.95
Regular Market Price 78.62
Regular Market Time 1,783,972,802
Regular Market Volume 568,222
Return On Assets 0.02386
Return On Equity 0.03704
Revenue Growth 0.187
Revenue Per Share 6.584
Sand P52 Week Change 0.20847368
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 4
Shares Outstanding 120,102,859
Shares Percent Shares Out 0.0002
Shares Short 20,023
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 11,871
Short Name Agree Realty Corporation
Short Percent Of Float 0.0002
Short Ratio 0.02
Source Interval 15
State MI
Symbol ADC
Target High Price 92.0
Target Low Price 80.0
Target Mean Price 84.52778
Target Median Price 84.0
Total Cash 34,882,000
Total Cash Per Share 0.291
Total Debt 3,718,807,040
Total Revenue 750,044,992
Tradeable 0
Trailing Annual Dividend Rate 3.108
Trailing Annual Dividend Yield 0.039871715
Trailing Eps 1.85
Trailing P E 42.4973
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 74.83805
Two Hundred Day Average Change 3.781952
Two Hundred Day Average Change Percent 0.050535146
Type Disp Equity
Volume 568,222
Website https://www.agreerealty.com
Zip 48,073