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

ADCNYSE

74.27

USD
-0.09
(-0.12%)
Market Closed
40.58P/E
42Forward P/E
2.04P/E to S&P500
6.637BMarket CAP
3.72%Div Yield
Upcoming Earnings
14 Feb
Shares Short
1/13/23
7.15M
Short % of Float
11.46%
Short % of Shares Outs.
8.07%
% Held by Insiders
1.60%
% Held by Institutions
108.41%
Beta
0.46
PEG Ratio
20.44
52w. high/low
80.44/61.62
Avg. Daily Volume
0.80M
Return %
Stock
S&P 500
1 year
16.94
(6.69)
3 years
(2.11)
24.70
5 years
54.79
43.94
Scale: |
High
Low
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
75.58
68.78
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
5.48
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
1.85
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
4.46
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
3.23
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
52.86
Comm.Shares outs.
8
8
8
8
10
10
11
13
15
18
23
28
32
41
52
52
74
Avg. annual P/E ratio
- -
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
40.6
P/E to S&P500
- -
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
2.0
Avg. annual div. yield
- -
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%
4.6%
Revenue (m)
33
34
36
37
36
36
36
44
54
70
92
117
148
187
249
339
405
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%
51.3%
Depreciation (m)
5
5
6
6
6
7
8
9
12
16
23
32
44
59
83
120
146
Net profit (m)
14
15
15
17
15
10
18
20
18
39
45
58
58
80
91
122
139
Income tax rate
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.9%
0.7%
1.2%
1.9%
0.8%
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%
34.4%
Working capital (m)
(24)
(25)
(5)
(43)
(5)
(65)
1
13
(2)
(5)
24
46
40
(1)
(59)
(143)
(1,630)
Long-term debt (m)
69
37
101
76
100
63
161
158
222
320
401
520
720
872
1,218
1,528
1,791
Equity (m)
130
132
133
137
164
160
195
290
354
451
683
909
1,236
1,689
2,524
3,418
4,547
ROIC
- -
- -
- -
- -
- -
- -
6.4%
5.8%
4.7%
5.0%
4.1%
4.0%
2.9%
3.1%
2.4%
3.4%
4.3%
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%
3.1%
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%
3.1%
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)%
(64.1)%
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)%
(305.4)%
Capital Structure
1 Nov · 2022 | Q3
All numbers in millions
Total liabilities
$ 2,007
Total assets
$ 6,556
Long-term debt
$ 1,791
Cash and equiv.
$ 250
Goodwill
$ - -
Retained earnings
$ 72
Common stock
80
Enterprise Value
$ 8,178
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
Purchase
4,898
12/29/22
Rakolta John Jr
Purchase
11,000
12/21/22
Breslin Stephen
InKind
172
12/01/22
Erlich Craig
InKind
396
08/19/22
Witteveen Nicole
InKind
284
08/19/22
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
110
- -
- -
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
0.47
- -
- -
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
1.15
- -
- -
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".