Agree Realty (NYSE:ADC) Announces Quarterly Earnings Results

by · The Markets Daily

Agree Realty (NYSE:ADC – Get Free Report) released its earnings results on Tuesday. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05, FiscalAI reports. Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The firm had revenue of $225.69 million during the quarter, compared to analyst estimates of $211.45 million.

Agree Realty Stock Up 2.1%

NYSE:ADC traded up $1.40 on Tuesday, hitting $67.22. 1,535,505 shares of the company’s stock were exchanged, compared to its average volume of 1,335,937. Agree Realty has a 52 week low of $64.43 and a 52 week high of $82.08. The company has a market cap of $8.36 billion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 2.25 and a beta of 0.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50-day moving average price of $70.03 and a 200-day moving average price of $74.26.

Agree Realty Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a dividend of $0.2710 per share. This is a boost from Agree Realty’s previous monthly dividend of $0.2670. The ex-dividend date of this dividend is Friday, October 30th. This represents a $3.25 annualized dividend and a yield of 4.8%. Agree Realty’s payout ratio is presently 172.04%.

Insider Activity at Agree Realty

In related news, CEO Joey Agree acquired 7,360 shares of Agree Realty stock in a transaction on Wednesday, September 16th. The stock was purchased at an average cost of $68.06 per share, with a total value of $500,921.60. Following the completion of the transaction, the chief executive officer directly owned 682,465 shares in the company, valued at $46,448,567.90. This trade represents a 1.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Rakolta, Jr. purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The stock was bought at an average price of $68.78 per share, for a total transaction of $1,375,600.00. Following the purchase, the director owned 654,602 shares in the company, valued at $45,023,525.56. The trade was a 3.15% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 48,496 shares of company stock valued at $3,418,670. 1.80% of the stock is owned by corporate insiders.

More Agree Realty News

Here are the key news stories impacting Agree Realty this week:

  • Positive Sentiment: ADC reported quarterly EPS of $0.53, exceeding the $0.48 analyst consensus, while revenue of approximately $225.7 million also surpassed expectations. Net income reached $68.5 million, or $0.53 per diluted share. Agree Realty earnings press release
  • Positive Sentiment: The retail net-lease REIT raised its 2026 AFFO-per-share guidance to $4.58–$4.59, signaling confidence in recurring cash flow and supporting its dividend outlook. Agree Realty third-quarter results
  • Positive Sentiment: ADC invested approximately $357.7 million in 94 retail properties during the quarter. Its portfolio expanded to 2,888 properties and remained approximately 99.8% leased, underscoring strong occupancy and portfolio stability. Agree Realty portfolio and investment update
  • Neutral Sentiment: The company reported roughly $2.0 billion of liquidity and completed a $400 million senior-notes offering, while also raising $425.7 million through forward-equity settlements. These transactions strengthen funding capacity but increase financing obligations and share-count dilution.
  • Negative Sentiment: Wells Fargo lowered its price target from $83 to $79, although it retained an “overweight” rating. Recent commentary also highlights the REIT sector’s sensitivity to higher interest rates, which can raise borrowing costs and make dividend yields less attractive relative to bonds.

Analyst Ratings Changes

Several brokerages recently issued reports on ADC. Wells Fargo & Company cut their price target on Agree Realty from $83.00 to $79.00 and set an “overweight” rating on the stock in a report on Monday. Stifel Nicolaus lowered their price objective on shares of Agree Realty from $84.00 to $81.50 and set a “buy” rating on the stock in a research report on Friday, September 18th. Weiss Ratings lowered Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, September 17th. Barclays reduced their price objective on shares of Agree Realty from $85.00 to $76.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Mizuho cut their price target on Agree Realty from $80.00 to $72.00 and set a “neutral” rating for the company in a report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $82.00.

Read Our Latest Stock Report on ADC

Agree Realty Company Profile

(Get Free Report)

Agree Realty Corporation is a real estate investment trust (REIT) that acquires, develops, and manages retail properties across the United States. The company primarily uses a net-lease structure, under which tenants generally are responsible for property-level operating expenses such as taxes, insurance, and maintenance.

Its portfolio is focused mainly on essential retail properties occupied by nationally recognized and regional tenants, including grocery stores, home improvement retailers, dollar stores, pharmacies, and other necessity-based businesses.

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