Stock AnalizAgree Realty Corp. ADC
Real Estate Investment Trusts · data as of November 13, 2026
Agree Realty Corp. (ADC) is a real estate company listed in the US with a market value of about $9.0B. In the twelve months to September 30, 2026 it had revenue of $810M and net income of $234M, a net margin of 28.8%.
Its overall Stock Analiz score is 2.0 out of 5 (weak). The strongest part is shareholder returns (3/5); the weakest is value (1/5).
Key numbers: a P/E of 35.8, 5-year revenue growth of 23% a year, a 5-year average ROIC of 3%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 12% above the current price.
Score: 2.0 / 5
Checks passed
- Price below intrinsic value (DCF, moderate assumptions)
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
- More cash than debt, or low debt to equity
- Liabilities below 60% of assets
- Pays a dividend
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- PEG below 1.5
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $810M | $738M | $638M | $558M | $450M | $353M | $257M | $194M | $137M | $112M | $92M |
| Net income | $234M | $204M | $189M | $170M | $152M | $122M | $91M | $80M | $58M | $58M | $45M |
| Free cash flow | -$957M | -$934M | -$443M | -$808M | -$1.2B | -$1.1B | -$1.2B | -$576M | -$515M | -$237M | -$236M |
| EPS (diluted) | $1.94 | $1.77 | $1.78 | $1.70 | $1.83 | $1.78 | $1.74 | $1.93 | $1.78 | $2.08 | $1.97 |
| Net margin | 28.8% | 27.7% | 29.7% | 30.4% | 33.9% | 34.7% | 35.5% | 41.3% | 42.4% | 52.1% | 49.3% |
| ROIC | — | 3.0% | 3.1% | 2.9% | 2.7% | 2.9% | 2.8% | 4.1% | 2.9% | 3.5% | 3.8% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 18 analysts is $77.75, 12% above the current price; targets range from $72.00 to $91.00; the consensus rating is “Buy”; expected EPS is $1.92 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Agree Realty’s P/E ratio?
About 35.8, based on the last twelve months of diluted earnings per share (forward P/E about 35.7).
Is Agree Realty stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 12% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Agree Realty pay a dividend?
Yes. The dividend yield is about 4.66%, and it has paid dividends for 10 years in our data.
Is Agree Realty a good stock to buy?
We do not give buy or sell advice. Agree Realty scores 2.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.