US stock · Real Estate sector · REIT—Retail
Company Logo

Agree Realty Corporation

ADCNYSE

67.58

USD
+1.84
(+2.80%)
Market Closed
35.51P/E
36Forward P/E
1.77P/E to S&P500
5.558BMarket CAP
4.13%Div Yield
Upcoming Earnings
31 Oct-4 Nov
Shares Short
8/31/22
10.3M
Short % of Float
19.20%
Short % of Shares Outs.
12.91%
% Held by Insiders
1.78%
% Held by Institutions
111.39%
Beta
0.42
PEG Ratio
14.36
52w. high/low
80.44/61.62
Avg. Daily Volume
0.73M
Return %
Stock
S&P 500
1 year
(1.88)
(16.20)
3 years
(10.20)
22.35
5 years
33.43
44.82
Scale: |
High
Low
36.00
27.29
31.04
8.35
25.56
8.81
29.25
19.29
26.34
19.50
26.81
20.61
34.25
26.62
31.99
26.58
36.15
27.74
51.33
31.75
53.65
44.28
63.00
43.74
79.54
56.61
80.51
45.23
75.95
61.27
80.44
61.62
Currency: USD
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
TTM
Revenue per share
4.33
4.50
4.64
4.72
3.70
3.77
3.23
3.33
3.60
3.89
4.00
4.22
4.62
4.62
4.80
6.55
5.37
Earnings per share
1.84
2.02
1.96
2.16
1.54
0.99
1.63
1.51
1.24
2.17
1.97
2.10
1.81
1.97
1.76
2.36
1.90
FCF per share
1.45
0.25
0.07
1.88
(1.30)
(1.21)
1.92
2.26
2.36
2.48
2.70
2.98
2.91
3.12
2.76
4.75
3.91
Dividends per share
2.16
2.15
2.20
2.17
1.95
1.81
1.60
1.60
1.71
1.83
1.84
2.00
2.11
2.22
2.24
3.78
2.69
CAPEX per share
1.23
2.58
2.79
1.11
3.98
3.85
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per sh.
17.17
17.17
17.28
17.32
16.83
16.56
17.64
22.16
23.76
25.06
29.87
32.89
38.54
41.63
48.70
65.93
50.59
Comm.Shares outs.
8
8
8
8
10
10
11
13
15
18
23
28
32
41
52
52
71
Avg. annual P/E ratio
17.7
16.1
12.6
8.7
15.7
23.2
14.7
19.7
24.0
14.6
21.9
23.0
29.0
34.9
37.5
29.4
35.5
P/E to S&P500
1.0
0.9
0.6
0.1
0.8
1.4
1.0
1.2
1.3
0.7
1.0
1.0
1.2
1.4
1.0
1.0
1.8
Avg. annual div. yield
6.6%
6.6%
9.0%
11.6%
8.1%
7.9%
6.6%
5.4%
5.7%
5.8%
4.3%
4.1%
4.0%
3.2%
3.4%
5.5%
3.9%
Revenue (m)
33
34
36
37
36
36
36
44
54
70
92
117
148
187
249
339
382
Operating margin
60.2%
60.0%
60.2%
60.7%
38.4%
42.9%
56.0%
58.4%
52.1%
57.3%
56.3%
53.5%
49.3%
53.9%
50.3%
56.1%
52.7%
Depreciation (m)
5
5
6
6
6
7
8
9
12
16
23
32
44
59
83
120
142
Net profit (m)
14
15
15
17
15
10
18
20
18
39
45
58
58
80
91
122
138
Income tax rate
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.9%
0.7%
1.2%
1.9%
0.6%
Net profit margin
42.5%
44.9%
42.1%
45.7%
41.7%
26.3%
50.4%
45.2%
34.5%
55.8%
49.3%
49.9%
39.3%
42.7%
36.8%
36.0%
36.4%
Working capital (m)
(24)
(25)
(5)
(43)
(5)
(65)
1
13
(2)
(5)
24
46
40
(1)
(59)
(143)
(54)
Long-term debt (m)
69
37
101
76
100
63
161
158
222
320
401
520
720
872
1,218
1,528
1,496
Equity (m)
130
132
133
137
164
160
195
290
354
451
683
909
1,236
1,689
2,524
3,418
3,973
ROIC
- -
- -
- -
- -
- -
- -
6.4%
5.8%
4.7%
5.0%
4.1%
4.0%
2.9%
3.1%
2.4%
3.4%
3.3%
Return on capital
6.4%
6.6%
8.0%
8.4%
7.0%
4.9%
6.3%
5.7%
4.6%
4.9%
4.1%
3.9%
2.9%
3.0%
2.4%
3.4%
3.2%
Return on equity
10.7%
11.8%
11.3%
12.5%
9.2%
6.0%
9.2%
6.8%
5.2%
8.6%
6.6%
6.4%
4.7%
4.7%
3.6%
3.6%
3.5%
Plowback ratio
(17.5)%
(6.6)%
(12.7)%
(0.5)%
(26.5)%
(82.2)%
2.1%
(6.0)%
(37.4)%
15.4%
6.8%
5.1%
(16.3)%
(12.7)%
(27.1)%
(60.2)%
(38.4)%
Div.&Repurch./FCF
148.4%
877.0%
3,308.3%
115.5%
94.6%
(149.8)%
(82.0)%
(245.1)%
(136.5)%
(132.6)%
(300.1)%
(202.5)%
(290.6)%
(300.8)%
(544.5)%
(222.2)%
(182.3)%
Capital Structure
2 Aug · 2022 | Q2
All numbers in millions
Total liabilities
$ 2,064
Total assets
$ 6,038
Long-term debt
$ 1,496
Cash and equiv.
$ 26
Goodwill
$ - -
Retained earnings
$ 34
Common stock
75
Enterprise Value
$ 7,028
Working Capital
Currency: USD, in millions
2019
2020
2021
Cash & Investments
16
6
43
Receivables
27
38
53
Inventory
4
- -
- -
Other
27
(6)
35
Current assets
73
47
104
Acc. Payable
49
71
70
Debt due
- -
- -
160
Other
25
35
17
Current liabilities
74
106
247
Annual growth rates
(avg. rate of change)
1 year
5 years
10 years
Revenue
36.51%
30.69%
28.47%
Cash flow
72.30%
33.61%
32.36%
Earnings
33.81%
21.42%
27.13%
Dividends
68.65%
38.35%
31.30%
Book value
35.38%
39.38%
37.77%
Insider Trading
Type
Shares
Date
Erlich Craig
InKind
396
08/19/22
Witteveen Nicole
InKind
284
08/19/22
Witteveen Nicole
InKind
53
08/13/22
Rakolta John Jr
Purchase
213
04/08/22
Agree Joey
Purchase
1,560
03/23/22
Quarterly Revenue
Currency: USD, in millions
Year
1Q
2Q
3Q
4Q
Total
2020
56
58
64
71
249
2021
78
83
88
91
339
2022
98
105
- -
- -
- -
Earnings per share
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
0.41
0.49
0.41
0.46
1.76
2021
0.58
0.43
0.71
0.64
2.36
2022
0.49
0.45
- -
- -
- -
Quarterly dividends paid
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
0.48
0.51
0.62
0.62
2.24
2021
1.18
0.79
0.87
0.94
3.78
2022
0.72
0.63
- -
- -
- -
Company Description
Sector:
Real Estate
Industry:
REIT—Retail
CEO:
Mr. Joel Agree
Full-time employees:
57
City:
Bloomfield Hills
Address:
70 E Long Lake Rd
IPO:
Apr 15, 1994
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".