US stock · Real Estate sector · REIT—Retail
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Agree Realty Corporation

ADCNYSE

70.93

USD
+0.60
(+0.85%)
Pre Market
39.76P/E
38Forward P/E
1.53P/E to S&P500
5.357BMarket CAP
3.79%Div Yield
Upcoming Earnings
25 Jul-29 Jul
Shares Short
5/13/22
3.37M
Short % of Float
6.88%
Short % of Shares Outs.
4.48%
% Held by Insiders
1.89%
% Held by Institutions
107.02%
Beta
0.46
PEG Ratio
19.31
52w. high/low
75.95/61.62
Avg. Daily Volume
0.71M
Return %
Stock
S&P 500
1 year
0.21
(6.01)
3 years
4.23
39.24
5 years
54.10
63.25
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
72.40
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
5.24
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
1.79
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
3.59
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
2.85
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
49.36
Comm.Shares outs.
8
8
8
8
10
10
11
13
15
18
23
28
32
41
52
52
69
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
39.8
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
1.5
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%
4.1%
Revenue (m)
33
34
36
37
36
36
36
44
54
70
92
117
148
187
249
339
360
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%
53.3%
Depreciation (m)
5
5
6
6
6
7
8
9
12
16
23
32
44
59
83
120
122
Net profit (m)
14
15
15
17
15
10
18
20
18
39
45
58
58
80
91
122
126
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%
35.0%
Working capital (m)
(24)
(25)
(5)
(43)
(5)
(65)
1
13
(2)
(5)
24
46
40
(1)
(59)
(143)
(11)
Long-term debt (m)
69
37
101
76
100
63
161
158
222
320
401
520
720
872
1,218
1,528
- -
Equity (m)
130
132
133
137
164
160
195
290
354
451
683
909
1,236
1,689
2,524
3,418
3,674
ROIC
- -
- -
- -
- -
- -
- -
6.4%
5.8%
4.7%
5.0%
4.1%
4.0%
2.9%
3.1%
2.4%
3.4%
3.0%
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%
3.0%
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%
3.4%
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)%
(60.2)%
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)%
(222.2)%
Capital Structure
3 May · 2022 | Q1
All numbers in millions
Total liabilities
$ 1,963
Total assets
$ 5,639
Long-term debt
$ - -
Cash and equiv.
$ 25
Goodwill
$ - -
Retained earnings
$ (0)
Common stock
70
Enterprise Value
$ 5,332
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
Rakolta John Jr
Purchase
213
04/08/22
Agree Joey
Purchase
1,560
03/23/22
Agree Joey
Purchase
1,749
03/22/22
Dearing Karen
Award
2,204
02/23/22
Dearing Karen
Award
1,978
02/23/22
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
- -
- -
- -
- -
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
- -
- -
- -
- -
Quarterly dividends paid
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2019
0.51
0.53
0.59
0.60
2.22
2020
0.48
0.51
0.62
0.62
2.24
2021
1.18
0.79
0.87
0.94
3.78
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".