Agree Realty Corporation Logo

Agree Realty Corporation

ADC

(3.2)
Stock Price

70,17 USD

2.61% ROA

3.65% ROE

39.61x PER

Market Cap.

7.430.150.000,00 USD

51.82% DER

4.04% Yield

31.62% NPM

Agree Realty Corporation Stock Analysis

Agree Realty Corporation Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Agree Realty Corporation Fundamental Stock Analysis
# Analysis Rating
1 Revenue Growth

Over the past five years, this company's revenue has consistently increased, demonstrating a robust financial performance that makes it an appealing opportunity.

2 Net Profit Growth

With a track record of consistent net profit growth over the past five years, this company presents a compelling investment opportunity due to its strong financial performance.

3 Assets Growth

With a track record of consistent revenue growth in the past five years, this company presents a compelling opportunity.

4 Dividend

The company's consistent dividend distribution over the past five years reflects its dedication to providing shareholders with steady returns, making it an appealing choice for investors seeking income stability.

5 ROE

ROE in an average range (2.61%) suggests satisfactory profitability and decent utilization of shareholders' equity.

6 ROA

The stock's ROA (1.89%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

7 PBV

The stock's PBV ratio (1.07x) reflects a fair valuation, making it an attractive option for investors seeking balanced opportunities.

8 DER

The stock has a reasonable amount of debt compared to its ownership (78%), suggesting a balanced financial position and a moderate level of risk.

9 Buffet Intrinsic Value

The company's stock shows potential as it is undervalued (224) according to Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

10 Graham Number

The Graham number calculation reveals that this company's stock price is potentially inflated, implying that it may not be a desirable investment option.

11 Dividend Growth

Potential investors should be aware that the company's dividend growth has shown no upward trend in the past three years, indicating limited potential for increased returns.

Agree Realty Corporation Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Agree Realty Corporation Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Sell
3 RSI Sell
4 Stoch RSI Sell

Agree Realty Corporation Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Agree Realty Corporation Revenue
Year Revenue Growth
1994 9.500.000
1995 13.800.000 31.16%
1996 16.291.468 15.29%
1997 18.234.167 10.65%
1998 19.673.552 7.32%
1999 21.930.740 10.29%
2000 23.730.445 7.58%
2001 24.678.968 3.84%
2002 25.824.434 4.44%
2003 27.472.441 6%
2004 29.928.790 8.21%
2005 31.578.897 5.23%
2006 32.907.626 4.04%
2007 34.467.952 4.53%
2008 35.654.000 3.33%
2009 37.260.000 4.31%
2010 36.112.000 -3.18%
2011 36.321.000 0.58%
2012 35.789.000 -1.49%
2013 43.518.000 17.76%
2014 53.559.000 18.75%
2015 69.966.000 23.45%
2016 91.527.000 23.56%
2017 116.555.000 21.47%
2018 148.195.000 21.35%
2019 187.478.000 20.95%
2020 248.568.000 24.58%
2021 363.606.000 31.64%
2022 463.151.000 21.49%
2023 547.248.000 15.37%
2023 537.495.000 -1.81%
2024 610.300.000 11.93%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Agree Realty Corporation Research and Development Expenses
Year Research and Development Expenses Growth
1994 0
1995 0 0%
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 1 0%
2017 1 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Agree Realty Corporation General and Administrative Expenses
Year General and Administrative Expenses Growth
1994 700.000
1995 1.000.000 30%
1996 1.104.861 9.49%
1997 1.106.816 0.18%
1998 1.170.122 5.41%
1999 1.424.602 17.86%
2000 1.556.817 8.49%
2001 1.806.709 13.83%
2002 2.011.854 10.2%
2003 2.275.177 11.57%
2004 2.848.414 20.12%
2005 4.191.279 32.04%
2006 4.018.836 -4.29%
2007 4.462.423 9.94%
2008 6.940.789 35.71%
2009 4.559.005 -52.24%
2010 5.003.384 8.88%
2011 5.661.912 11.63%
2012 5.682.000 0.35%
2013 5.952.000 4.54%
2014 6.629.000 10.21%
2015 6.988.000 5.14%
2016 8.015.000 12.81%
2017 9.949.000 19.44%
2018 12.165.000 18.22%
2019 15.566.000 21.85%
2020 20.793.000 25.14%
2021 25.456.000 18.32%
2022 30.121.000 15.49%
2023 35.376.000 14.85%
2023 34.788.000 -1.69%
2024 38.828.000 10.4%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Agree Realty Corporation EBITDA
Year EBITDA Growth
1994 15.000.000
1995 21.000.000 28.57%
1996 12.456.981 -68.58%
1997 14.752.902 15.56%
1998 15.886.269 7.13%
1999 17.289.313 8.12%
2000 18.242.078 5.22%
2001 17.974.416 -1.49%
2002 19.168.896 6.23%
2003 23.919.348 19.86%
2004 22.525.621 -6.19%
2005 22.823.707 1.31%
2006 24.808.423 8%
2007 24.834.754 0.11%
2008 21.667.000 -14.62%
2009 28.338.000 23.54%
2010 34.961.000 18.94%
2011 27.038.000 -29.3%
2012 26.528.000 -1.92%
2013 33.910.000 21.77%
2014 42.013.000 19.29%
2015 44.644.000 5.89%
2016 65.285.000 31.62%
2017 79.946.000 18.34%
2018 110.158.000 27.43%
2019 136.704.000 19.42%
2020 192.156.000 28.86%
2021 274.398.000 29.97%
2022 343.086.000 20.02%
2023 255.104.000 -34.49%
2023 437.654.000 41.71%
2024 502.640.000 12.93%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Agree Realty Corporation Gross Profit
Year Gross Profit Growth
1994 9.500.000
1995 13.800.000 31.16%
1996 16.291.468 15.29%
1997 18.234.167 10.65%
1998 19.673.552 7.32%
1999 21.930.740 10.29%
2000 23.730.445 7.58%
2001 24.678.968 3.84%
2002 25.824.434 4.44%
2003 27.472.441 6%
2004 29.928.790 8.21%
2005 31.578.897 5.23%
2006 32.907.626 4.04%
2007 34.467.952 4.53%
2008 35.590.000 3.15%
2009 34.834.398 -2.17%
2010 32.264.000 -7.97%
2011 31.410.000 -2.72%
2012 32.210.000 2.48%
2013 39.862.000 19.2%
2014 48.642.000 18.05%
2015 63.587.000 23.5%
2016 82.931.000 23.33%
2017 104.088.000 20.33%
2018 131.184.000 20.65%
2019 163.967.000 19.99%
2020 216.816.000 24.38%
2021 298.262.000 27.31%
2022 377.533.000 21%
2023 506.752.000 25.5%
2023 297.829.000 -70.15%
2024 337.992.000 11.88%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Agree Realty Corporation Net Profit
Year Net Profit Growth
1994 300.000
1995 3.200.000 90.63%
1996 3.733.972 14.3%
1997 5.220.223 28.47%
1998 6.086.776 14.24%
1999 6.806.405 10.57%
2000 7.097.887 4.11%
2001 8.065.653 12%
2002 8.772.330 8.06%
2003 10.471.746 16.23%
2004 13.123.020 20.2%
2005 16.047.576 18.22%
2006 13.974.168 -14.84%
2007 15.482.274 9.74%
2008 15.017.000 -3.1%
2009 17.994.000 16.54%
2010 15.067.000 -19.43%
2011 9.551.000 -57.75%
2012 18.049.000 47.08%
2013 19.675.000 8.26%
2014 18.488.000 -6.42%
2015 39.018.000 52.62%
2016 45.118.000 13.52%
2017 58.112.000 22.36%
2018 58.172.000 0.1%
2019 80.081.000 27.36%
2020 91.381.000 12.37%
2021 122.273.000 25.26%
2022 152.437.000 19.79%
2023 166.088.000 8.22%
2023 169.959.000 2.28%
2024 218.896.000 22.36%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Agree Realty Corporation Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1994 0
1995 1 100%
1996 1 0%
1997 1 0%
1998 1 0%
1999 2 0%
2000 2 0%
2001 2 0%
2002 2 0%
2003 2 0%
2004 2 50%
2005 2 0%
2006 2 -100%
2007 2 50%
2008 2 -100%
2009 2 50%
2010 2 -100%
2011 1 0%
2012 2 100%
2013 2 0%
2014 1 0%
2015 2 50%
2016 2 -100%
2017 2 50%
2018 2 -100%
2019 2 0%
2020 2 0%
2021 2 0%
2022 2 0%
2023 2 0%
2023 2 0%
2024 2 50%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Agree Realty Corporation Free Cashflow
Year Free Cashflow Growth
1994 900.000
1995 -13.300.000 106.77%
1996 -5.866.393 -126.72%
1997 558.906 1149.62%
1998 -2.531.308 122.08%
1999 437.872 678.09%
2000 1.523.538 71.26%
2001 8.206.465 81.43%
2002 -249.807 3385.12%
2003 -4.463.293 94.4%
2004 -3.412.318 -30.8%
2005 4.519.010 175.51%
2006 10.992.421 58.89%
2007 1.881.160 -484.34%
2008 511.411 -267.84%
2009 14.830.786 96.55%
2010 -12.710.592 216.68%
2011 -11.616.664 -9.42%
2012 21.205.721 154.78%
2013 29.589.739 28.33%
2014 35.095.054 15.69%
2015 44.614.252 21.34%
2016 61.735.000 27.73%
2017 82.203.000 24.9%
2018 93.247.000 11.84%
2019 126.707.000 26.41%
2020 142.956.000 11.37%
2021 246.315.000 41.96%
2022 362.121.000 31.98%
2023 109.860.000 -229.62%
2023 388.052.000 71.69%
2024 92.907.000 -317.68%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Agree Realty Corporation Operating Cashflow
Year Operating Cashflow Growth
1994 900.000
1995 6.600.000 86.36%
1996 7.710.788 14.41%
1997 9.236.597 16.52%
1998 11.157.160 17.21%
1999 12.059.379 7.48%
2000 11.602.661 -3.94%
2001 13.046.029 11.06%
2002 13.660.271 4.5%
2003 15.653.291 12.73%
2004 18.299.038 14.46%
2005 19.640.835 6.83%
2006 20.298.082 3.24%
2007 21.637.415 6.19%
2008 21.930.372 1.34%
2009 23.579.642 6.99%
2010 26.111.183 9.7%
2011 25.496.949 -2.41%
2012 21.205.721 -20.24%
2013 29.589.739 28.33%
2014 35.095.054 15.69%
2015 44.680.252 21.45%
2016 61.735.000 27.63%
2017 82.203.000 24.9%
2018 93.247.000 11.84%
2019 126.707.000 26.41%
2020 142.956.000 11.37%
2021 246.315.000 41.96%
2022 362.121.000 31.98%
2023 109.860.000 -229.62%
2023 388.052.000 71.69%
2024 92.907.000 -317.68%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Agree Realty Corporation Capital Expenditure
Year Capital Expenditure Growth
1994 0
1995 19.900.000 100%
1996 13.577.181 -46.57%
1997 8.677.691 -56.46%
1998 13.688.468 36.61%
1999 11.621.507 -17.79%
2000 10.079.123 -15.3%
2001 4.839.564 -108.27%
2002 13.910.078 65.21%
2003 20.116.584 30.85%
2004 21.711.356 7.35%
2005 15.121.825 -43.58%
2006 9.305.661 -62.5%
2007 19.756.255 52.9%
2008 21.418.961 7.76%
2009 8.748.856 -144.82%
2010 38.821.775 77.46%
2011 37.113.613 -4.6%
2012 0 0%
2013 0 0%
2014 0 0%
2015 66.000 100%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Agree Realty Corporation Equity
Year Equity Growth
1994 33.300.000
1995 31.400.000 -6.05%
1996 30.311.051 -3.59%
1997 60.617.356 50%
1998 59.473.914 -1.92%
1999 57.892.562 -2.73%
2000 57.134.694 -1.33%
2001 57.330.054 0.34%
2002 58.409.731 1.85%
2003 102.009.175 42.74%
2004 103.506.842 1.45%
2005 136.605.695 24.23%
2006 136.297.193 -0.23%
2007 137.509.990 0.88%
2008 137.981.741 0.34%
2009 139.827.000 1.32%
2010 167.130.000 16.34%
2011 162.224.000 -3.02%
2012 197.965.000 18.05%
2013 292.216.000 32.25%
2014 356.035.000 17.92%
2015 453.620.000 21.51%
2016 685.510.000 33.83%
2017 911.190.000 24.77%
2018 1.238.486.000 26.43%
2019 1.691.562.000 26.78%
2020 2.526.249.000 33.04%
2021 3.419.316.000 26.12%
2022 4.630.390.000 26.15%
2023 5.245.394.000 11.72%
2023 5.200.153.000 -0.87%
2024 5.163.078.000 -0.72%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Agree Realty Corporation Assets
Year Assets Growth
1994 89.700.000
1995 108.900.000 17.63%
1996 121.381.870 10.28%
1997 130.491.504 6.98%
1998 149.647.872 12.8%
1999 158.195.537 5.4%
2000 166.052.090 4.73%
2001 167.511.346 0.87%
2002 178.162.172 5.98%
2003 191.685.714 7.06%
2004 215.702.360 11.13%
2005 223.459.607 3.47%
2006 223.514.599 0.02%
2007 239.347.506 6.62%
2008 262.243.741 8.73%
2009 261.789.000 -0.17%
2010 285.042.000 8.16%
2011 293.944.000 3.03%
2012 370.093.000 20.58%
2013 462.742.000 20.02%
2014 593.580.000 22.04%
2015 792.550.000 25.11%
2016 1.111.925.000 28.72%
2017 1.494.634.000 25.61%
2018 2.028.189.000 26.31%
2019 2.664.530.000 23.88%
2020 3.886.183.000 31.44%
2021 5.226.906.000 25.65%
2022 6.713.189.000 22.14%
2023 7.647.106.000 12.21%
2023 7.774.836.000 1.64%
2024 8.000.838.000 2.82%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Agree Realty Corporation Liabilities
Year Liabilities Growth
1994 56.400.000
1995 77.500.000 27.23%
1996 91.070.819 14.9%
1997 69.874.148 -30.34%
1998 90.173.958 22.51%
1999 100.302.975 10.1%
2000 108.917.396 7.91%
2001 110.181.292 1.15%
2002 119.752.441 7.99%
2003 89.676.539 -33.54%
2004 112.195.518 20.07%
2005 86.853.912 -29.18%
2006 87.217.406 0.42%
2007 101.837.516 14.36%
2008 124.262.000 18.05%
2009 121.962.000 -1.89%
2010 117.912.000 -3.43%
2011 131.720.000 10.48%
2012 172.128.000 23.48%
2013 170.526.000 -0.94%
2014 237.545.000 28.21%
2015 338.930.000 29.91%
2016 426.415.000 20.52%
2017 583.444.000 26.91%
2018 789.703.000 26.12%
2019 972.968.000 18.84%
2020 1.359.934.000 28.45%
2021 1.807.590.000 24.77%
2022 2.082.799.000 13.21%
2023 2.401.712.000 13.28%
2023 2.574.683.000 6.72%
2024 2.837.760.000 9.27%

Agree Realty Corporation Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
5.81
Net Income per Share
1.86
Price to Earning Ratio
39.61x
Price To Sales Ratio
12.74x
POCF Ratio
18.35
PFCF Ratio
18.4
Price to Book Ratio
1.44
EV to Sales
17.38
EV Over EBITDA
23.18
EV to Operating CashFlow
25.09
EV to FreeCashFlow
25.09
Earnings Yield
0.03
FreeCashFlow Yield
0.05
Market Cap
7,43 Bil.
Enterprise Value
10,13 Bil.
Graham Number
46.45
Graham NetNet
-27.29

Income Statement Metrics

Net Income per Share
1.86
Income Quality
2.16
ROE
0.04
Return On Assets
0.02
Return On Capital Employed
0.04
Net Income per EBT
0.97
EBT Per Ebit
0.67
Ebit per Revenue
0.48
Effective Tax Rate
0.02

Margins

Sales, General, & Administrative to Revenue
0.06
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0.02
Gross Profit Margin
0.63
Operating Profit Margin
0.48
Pretax Profit Margin
0.33
Net Profit Margin
0.32

Dividends

Dividend Yield
0.04
Dividend Yield %
4.04
Payout Ratio
1.61
Dividend Per Share
2.98

Operating Metrics

Operating Cashflow per Share
4.02
Free CashFlow per Share
4.02
Capex to Operating CashFlow
0
Capex to Revenue
0
Capex to Depreciation
0
Return on Invested Capital
0.04
Return on Tangible Assets
0.03
Days Sales Outstanding
59.38
Days Payables Outstanding
240.38
Days of Inventory on Hand
-15.55
Receivables Turnover
6.15
Payables Turnover
1.52
Inventory Turnover
-23.48
Capex per Share
0

Balance Sheet

Cash per Share
0,31
Book Value per Share
51,45
Tangible Book Value per Share
43.1
Shareholders Equity per Share
51.44
Interest Debt per Share
27.16
Debt to Equity
0.52
Debt to Assets
0.33
Net Debt to EBITDA
6.19
Current Ratio
0.9
Tangible Asset Value
4,33 Bil.
Net Current Asset Value
-2,72 Bil.
Invested Capital
7838106000
Working Capital
-0,01 Bil.
Intangibles to Total Assets
0.1
Average Receivables
0,09 Bil.
Average Payables
0,11 Bil.
Average Inventory
-3429999
Debt to Market Cap
0.36

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Agree Realty Corporation Dividends
Year Dividends Growth
1994 1
1995 2 0%
1996 2 0%
1997 2 0%
1998 2 0%
1999 2 0%
2000 2 0%
2001 2 0%
2002 2 0%
2003 2 0%
2004 2 0%
2005 2 0%
2006 2 0%
2007 2 0%
2008 2 50%
2009 2 0%
2010 2 0%
2011 2 -100%
2012 2 0%
2013 2 0%
2014 2 0%
2015 2 0%
2016 2 0%
2017 2 50%
2018 2 0%
2019 2 0%
2020 2 0%
2021 3 0%
2022 3 0%
2023 3 0%
2024 2 0%

Agree Realty Corporation Profile

About Agree Realty Corporation

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol ADC.

CEO
Mr. Joel N. Agree J.D.
Employee
72
Address
70 East Long Lake Road
Bloomfield Hills, 48304

Agree Realty Corporation Executives & BODs

Agree Realty Corporation Executives & BODs
# Name Age
1 Ms. Danielle M. Spehar J.D.
General Counsel
70
2 Ms. Nicole Witteveen
Chief Operating Officer
70
3 Mr. Larry Kaufman
Chief Information Officer & Vice President of Continuous Improvement
70
4 Mr. Joel N. Agree J.D.
President, Chief Executive Officer & Director
70
5 Mr. Craig Erlich
Chief Growth Officer
70
6 Mr. Peter Coughenour
Chief Financial Officer, Secretary & Investor Relations Professional
70
7 Mr. Josh Bratton
Director of Development
70
8 Mr. Reuben Goldman Treatman CPA
Senior Director of Corporate Finance
70
9 Mr. Richard A. Agree
Executive Chairman of the Board
70
10 Mr. Stephen Breslin
Chief Accounting Officer
70

Agree Realty Corporation Competitors