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Company Analysis

Agree Realty Corporation ADC

A comprehensive view of key metrics, scores, and financial health for Agree Realty Corporation

Overview of Agree Realty Corporation

ADC NYQ
Real Estate REIT - Retail Framework: Real Estate Investment Trusts Mid Cap
Agree Realty Corporation (ADC), is a Mid Cap company, in the REIT - Retail industry, last closed at $68.48, about 73.3% overvalued vs fair value, -5.6% 1Y return, ranked 109/338 in sector.
Metrics P/E 40.7× Rev Growth 16.4% ROE 3.5% Gross Margin 87.7% Div Yield 4.20%
USD 68.48
2.10%
(Delayed)
• Vol 90d: 19.4%
52-Week Range
Market Cap
$8.91B
Enterprise Value
$12.72B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Fair
Health
Fair
Efficiency
Fair
Valuation
Fair
Growth
Fair
Profitability
Fair
Health
Fair
Efficiency
Fair
Valuation
Fair
Completeness: 100%
Confidence: 96%
Updated: Oct 31
Top Beats
No strong beats yet

Quick Facts

Website https://www.agreerealty.com
HQ Royal Oak, MI
Employees 90
Fiscal year Dec 31

Next Events

Dividend Nov 13

Fair Value Snapshot

Bear Base Bull
$16
$18
$21
Current: $68.48 -73% vs base

Engine Room Money Flow™

Mid Cap

Real Estate Investment Trust - Where revenue goes and how value is created

Flow Steps
Total Revenue
$718.4M
16.4%%
Net Operating Income
$346.9M
16.4%%
Net Income
$196.5M
8%%
FFO (Funds From Operations)
$466.5M
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Real Estate Investment Trust

Quality & Reliability Indicators

FFO Payout Ratio
74.6%
Good

Dividends / FFO - basic dividend safety

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$351.8M
88.7% of AFFO

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
3
Active Leaks
0/3
Improving
0
High Impact
1
Critical
Locked Leak
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Locked Leak
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Moat Analysis REIT Specialized

Competitive Advantage Assessment

Evaluating Agree Realty Corporation's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
66
/100
Moderate
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Strong AFFO Generation AFFO generation is strong (score 0.97), supporting dividend sustainability.
  • Dividend Well-Covered by AFFO Dividend coverage is healthy (score 0.97).

Key risks

  • Dilutive or Undisciplined Growth Growth discipline is questionable (score 0.39), raising dilution concerns.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Rent Pricing Power

Moderate
72
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Signals, strengths and risks for Rent Pricing Power

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Signals, strengths and risks for AFFO Strength

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Signals, strengths and risks for Balance Sheet & Cost of Capital

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Signals, strengths and risks for Capital Recycling & Growth

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Signals, strengths and risks for Operational Efficiency

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Signals, strengths and risks for Portfolio Quality & Diversification

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Equity REITs vs Industry Peers 97% Coverage
Trade-Off Triangle Visualization A ternary plot showing ADC's balance between Growth (37.6%), Profitability (30.5%), and Safety (32.0%). Growth 38% Safety 32% Profitability 30%

Click axes to expand details. Marker shows current allocation.

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Growth

68th percentile vs peers
69
Key Signals
Rev Growth YoY 16.4% 93p Revenue CAGR 3Y 18.7% 91p FFO/Share 4.06 78p AFFO/Share 3.45 78p FFO Growth YoY 10.9% 61p
Strengths
  • Rev Growth YoY in top 20% of peers (16.4%, 93th percentile)
  • Revenue CAGR 3Y in top 20% of peers (18.7%, 91th percentile)
  • Growth above peer median with strong metric coverage (100%)
  • FFO Margin in top 20% of peers (64.9%, 93th percentile)
  • AFFO Margin in top 20% of peers (55.2%, 92th percentile)
Risks

No significant risks identified for this axis.

Profitability

55th percentile vs peers
56
Key Signals
Strengths
Risks
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Safety

58th percentile vs peers
58
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Agree Realty Corporation.

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
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Bear
-
- - -
- upside
-
Base
$18.25
- - -
-73.3% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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