Agree Realty (NYSE:ADC) Announces Earnings Results

Agree Realty (NYSE:ADC) issued its earnings results on Tuesday. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05, FiscalAI reports. Agree Realty had a return on equity of 3.90% and a net margin of 28.84%. The firm had revenue of $225.69 million for the quarter, compared to the consensus estimate of $211.45 million.

Agree Realty Stock Performance

Shares of Agree Realty stock traded up $1.40 during midday trading on Tuesday, hitting $67.22. The company had a trading volume of 1,535,557 shares, compared to its average volume of 1,336,937. Agree Realty has a 1-year low of $64.43 and a 1-year high of $82.08. The business’s 50 day simple moving average is $70.03 and its two-hundred day simple moving average is $74.26. The stock has a market cap of $8.36 billion, a PE ratio of 36.14, a P/E/G ratio of 2.25 and a beta of 0.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.82 and a quick ratio of 0.82.

Agree Realty Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a $0.2710 dividend. The ex-dividend date is Friday, October 30th. This is a positive change from Agree Realty’s previous monthly dividend of $0.2670. This represents a $3.25 annualized dividend and a dividend yield of 4.8%. Agree Realty’s dividend payout ratio is 172.04%.

Wall Street Analysts Forecast Growth

ADC has been the subject of several research reports. Truist Financial began coverage on Agree Realty in a report on Thursday, October 1st. They set a “buy” rating and a $75.00 price target for the company. Wall Street Zen cut shares of Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Barclays decreased their target price on shares of Agree Realty from $85.00 to $76.00 and set an “equal weight” rating for the company in a research report on Tuesday. Huntington began coverage on shares of Agree Realty in a research note on Wednesday, July 15th. They set an “outperform” rating and a $84.00 price target on the stock. Finally, Weiss Ratings lowered shares of Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Key Stories Impacting Agree Realty

Here are the key news stories impacting Agree Realty this week:

• Positive Sentiment: ADC reported quarterly EPS of $0.53, exceeding the $0.48 analyst consensus, while revenue of approximately $225.7 million also surpassed expectations. Net income reached $68.5 million, or $0.53 per diluted share. Agree Realty earnings press release
• Positive Sentiment: The retail net-lease REIT raised its 2026 AFFO-per-share guidance to $4.58–$4.59, signaling confidence in recurring cash flow and supporting its dividend outlook. Agree Realty third-quarter results
• Positive Sentiment: ADC invested approximately $357.7 million in 94 retail properties during the quarter. Its portfolio expanded to 2,888 properties and remained approximately 99.8% leased, underscoring strong occupancy and portfolio stability. Agree Realty portfolio and investment update
• Neutral Sentiment: The company reported roughly $2.0 billion of liquidity and completed a $400 million senior-notes offering, while also raising $425.7 million through forward-equity settlements. These transactions strengthen funding capacity but increase financing obligations and share-count dilution.
• Negative Sentiment: Wells Fargo lowered its price target from $83 to $79, although it retained an “overweight” rating. Recent commentary also highlights the REIT sector’s sensitivity to higher interest rates, which can raise borrowing costs and make dividend yields less attractive relative to bonds.

Insider Activity at Agree Realty

In related news, insider Craig Erlich purchased 1,000 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were bought at an average cost of $67.55 per share, for a total transaction of $67,550.00. Following the transaction, the insider directly owned 60,388 shares of the company’s stock, valued at approximately $4,079,209.40. This trade represents a 1.68% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John Rakolta, Jr. acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were bought at an average price of $68.78 per share, for a total transaction of $1,375,600.00. Following the acquisition, the director owned 654,602 shares in the company, valued at approximately $45,023,525.56. This trade represents a 3.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 48,496 shares of company stock worth $3,418,670 in the last ninety days. 1.80% of the stock is currently owned by insiders.

About Agree Realty

Agree Realty Corporation is a real estate investment trust (REIT) that acquires, develops, and manages retail properties across the United States. The company primarily uses a net-lease structure, under which tenants generally are responsible for property-level operating expenses such as taxes, insurance, and maintenance.

Its portfolio is focused mainly on essential retail properties occupied by nationally recognized and regional tenants, including grocery stores, home improvement retailers, dollar stores, pharmacies, and other necessity-based businesses.