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Home CompaniesAgree Realty Corporation

Agree Realty Corporation

Real Estate REIT - Retail
PortfolioPortfolio WatchlistWatchlist
Company price
69.77 USD -0.03 ( 0.04%)
Last update at 2026-11-12T15:46:00Z
VOLUME
70064
Market Cap
8739.62M
P/E
38.08

Momentum Score

…

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 June 30, 2026, the Company owned and operated a portfolio of 2,825 properties, located in all 50 states and containing approximately 59.6 million square feet of gross leasable area. Agree Realty Corporation was incorporated in 1971 and is based in Royal Oak, United States.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
69.44
Low
70.33
High
52 Week Price Range
67.11
Low
81.22
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Agree Realty Corporation is a REIT owning and operating a national portfolio of single-tenant, net-leased retail properties concentrated in necessity-driven and grocery-anchored locations. Long-term growth may be supported by contractual rent escalators, a diversified tenant mix and access to capital, which may make the company attractive for investors seeking relatively stable cash flow and long lease terms.
Principal risks include interest-rate sensitivity, secular retail disruption and tenant concentration or credit weakness that could pressure occupancy and distributable cash flow.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
69.80
Dividend Yield
4.44%
Revenue TTM
779.62M
Revenue Per Share
6.69
Gross Profit TTM
683.38M
Debt / Equity
0.53
ROE
3.70%
Net Debt
3338.62M
ROCE
3.55%
Diluted EPS TTM
1.84

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 206.72M 194.14M 173.46M 155.90M 125.28M
Minority interest -0.64M -0.64M -0.56M -0.60M 0.60M
Net income 204.35M 189.20M 169.96M 152.44M 122.27M
Selling general administrative 44.06M 37.23M 34.79M 30.12M 25.46M
Gross profit 630.25M 542.25M 470.78M 377.53M 298.26M
Reconciled depreciation 275.72M 240.22M 201.01M 166.91M 120.01M
Ebit 341.34M 303.04M 254.58M 218.09M 190.27M
Ebitda 617.06M 543.26M 463.95M 343.09M 274.40M
Depreciation and amortization 275.72M 240.22M 209.37M 125.00M 84.13M
Non operating income net other - - - 1.25M -
Operating income 340.39M 302.24M 254.39M 218.09M 190.27M
Other operating expenses 378.00M 314.85M 283.11M 249.31M 186.53M
Interest expense 134.61M 108.90M 81.12M 63.44M 53.99M
Tax provision 1.74M 4.31M 2.92M 2.86M 2.40M
Interest income 134.61M 108.90M 81.12M 63.44M 50.38M
Net interest income -134.61M -108.90M -75.59M -63.44M -50.38M
Non recurring - - - 1.01M 1.92M
Income tax expense 1.74M 4.31M 2.91M 2.86M 2.40M
Total revenue 718.40M 617.10M 537.50M 463.15M 363.61M
Total operating expenses 289.86M 240.00M 216.39M 163.69M 121.19M
Cost of revenue 88.15M 74.85M 66.72M 85.62M 65.34M
Total other income expense net -133.67M -108.11M -80.93M -62.19M -64.99M
Net income from continuing ops 204.99M 189.83M 165.49M 153.03M 137.49M
Net income applicable to common shares 196.47M 181.28M 162.12M 144.62M 120.12M
Preferred stock and other adjustments - - - 7.44M 2.15M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 9797.61M 8486.45M 7774.84M 6713.19M 5226.91M
Intangible assets 1000.97M 864.94M 854.09M 799.45M 672.02M
Other current assets 4.33M - 7.26M 1.15M 7.67M
Total liab 3526.46M 2975.78M 2574.68M 2082.80M 1807.59M
Total stockholder equity 6270.98M 5510.05M 5199.21M 4629.00M 3417.69M
Deferred long term liab - - - 799.45M 672.02M
Other current liab 32.16M 27.84M 30.76M -1817.67M -143.12M
Common stock 0.01M 0.01M 0.01M 0.01M 0.01M
Capital stock 175.01M 175.01M 175.01M 175.01M 175.01M
Retained earnings -618.67M -470.62M -346.47M -228.13M -147.37M
Other liab - - - 49.22M 33.08M
Other assets 8657.87M 7508.69M - 5820.14M 5097.14M
Cash 16.30M 6.40M 10.91M 27.76M 43.25M
Cash and equivalents 16.30M 6.40M - 27.76M 43.25M
Total current liabilities 171.54M 144.12M 89.32M 106.07M 86.89M
Net debt 3338.62M 2825.27M 2400.01M 1912.26M 1644.38M
Short term debt 2946.65M 51.82M 6.55M 1840.02M 160.00M
Short long term debt - - - - 160.00M
Short long term debt total 3354.92M 2831.67M 2410.92M 1940.02M 1687.63M
Other stockholder equity 6679.14M 5765.58M 5354.12M 4658.57M 3395.55M
Property plant equipment 8619.20M 7465.61M - 5801.97M 4367.11M
Total current assets 143.10M 112.81M 101.12M 94.75M 104.37M
Net tangible assets - - - 3654.55M 3242.69M
Short term investments - - -3.62M - 4367.11M
Net receivables 122.48M 106.42M 82.95M 65.84M 53.44M
Long term debt 3294.73M 2785.42M 2410.92M 1940.02M 1527.63M
Inventory - 0.00M - 0.00M 5.68M
Accounts payable 139.38M 116.27M 52.01M 83.72M 70.00M
Noncontrolling interest in consolidated entity - - - 1.39M 1.63M
Accumulated other comprehensive income 35.51M 40.08M 16.55M 23.55M -5.50M
Common stock total equity - - - 0.01M 0.01M
Preferred stock total equity - - - 175.00M 175.00M
Retained earnings total equity - - - -228.13M -147.37M
Non currrent assets other 8653.55M 7508.69M 16.11M 5818.99M 4444.22M
Non current assets total 9654.51M 8373.63M 7673.72M 6618.44M 5122.54M
Capital lease obligations 60.19M 46.25M - - -
Long term debt total 3297.90M 2788.62M - 1946.15M 1527.63M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -885.41M -1516.13M -1615.97M -1386.62M
Change to liabilities - - - 15.05M 10.83M
Total cashflows from investing activities -1543.13M -885.41M -1275.00M -1615.97M -1386.62M
Net borrowings 508.66M 368.68M 471.47M 210.31M 461.12M
Total cash from financing activities 1053.22M 445.31M 869.01M 1237.51M 1177.60M
Change to operating activities - - - 4.89M -3.23M
Net income 204.99M 189.83M 170.55M 153.03M 122.88M
Change in cash 14.22M -8.12M -14.38M -16.34M 37.30M
Begin period cash flow 6.40M 14.52M 28.91M 45.25M 7.96M
End period cash flow 20.62M 6.40M 14.52M 28.91M 45.25M
Total cash from operating activities 504.14M 431.97M 391.60M 362.12M 246.31M
Issuance of capital stock 904.31M 402.94M 795.93M 1257.82M 915.15M
Depreciation 275.72M 240.22M 209.37M 166.91M 120.01M
Other cashflows from investing activities -1543.13M -885.41M -1275.00M 44.41M 55.53M
Dividends paid 348.09M 311.04M 285.11M -227.74M -195.82M
Change to inventory - - - - -0.61M
Change to account receivables 1.18M -12.09M -5.09M 0.80M -16.30M
Sale purchase of stock -3.74M -2.28M -2.68M -1.91M -1.81M
Other cashflows from financing activities -7.92M -12.99M -4.56M 1328.83M 871.18M
Change to netincome - - - -11.04M -6.97M
Capital expenditures 1583.53M 977.33M 1288.39M 1660.39M 1442.15M
Change receivables - - - 0.80M -16.30M
Cash flows other operating - - - 33.30M 13.52M
Cash and cash equivalents changes - - - -16.34M 37.30M
Change in working capital 0.34M -2.64M 5.42M 20.74M -8.71M
Stock based compensation 12.99M 10.80M 8.34M 6.46M 4.80M
Other non cash items 10.09M -6.25M -2.08M 14.98M 3.61M
Free cash flow 504.14M 431.97M 391.60M 362.12M 246.31M

Peer Comparison*

Sector: Real Estate Industry: REIT - Retail

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
ADC
Agree Realty Corporation		 -0.03
0.04%		 69.77 38.08 39.84 11.21 1.39 16.49 19.01
O
Realty Income Corporation		 -0.07
0.12%		 59.50 43.17 35.34 9.16 1.42 14.52 16.99
SPG
Simon Property Group Inc		 0.25
0.11%		 235.00 21.31 24.69 9.77 16.15 12.96 14.98
SPG-PJ
Simon Property Group Inc		 -
-%		 53.20 - - 7.12 - - -
CPAMF
CapitaLand Integrated Commercial Trust		 -
-%		 1.62 14.31 19.19 8.74 1.09 16.62 18.41

Profile*

Agree Realty Corporation

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 June 30, 2026, the Company owned and operated a portfolio of 2,825 properties, located in all 50 states and containing approximately 59.6 million square feet of gross leasable area. Agree Realty Corporation was incorporated in 1971 and is based in Royal Oak, United States.

32301 Woodward Avenue, Royal Oak, MI, United States, 48073

248 737 4190

https://www.agreerealty.com

90

Name Title Year Born
Mr. Joel N. Agree Pres, CEO & Director 1979
Mr. Peter Coughenour CFO, Sec. & Investor Relations Professional 1993
Mr. Craig Erlich Chief Operating Officer 1968
Ms. Danielle M. Spehar Gen. Counsel 1968
Ms. Nicole Witteveen Exec. VP of People & Culture and Chief of Staff 1990
Mr. Richard A. Agree Exec. Chairman 1944
Mr. Stephen Breslin Chief Accounting Officer NA
Mr. Larry Kaufman Chief Information Officer & VP of Continuous Improvement NA
Mr. Dan Theeck Director of Financial Reporting & Compliance NA
Mr. Josh Bratton Director of Devel. NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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