Agree Realty (NYSE:ADC) Releases Quarterly Earnings Results, Beats Expectations By $0.68 EPS

Agree Realty (NYSE:ADC) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.68, Briefing.com reports. The company had revenue of $213.88 million for the quarter, compared to analysts’ expectations of $211.52 million. Agree Realty had a return on equity of 3.90% and a net margin of 28.84%. Agree Realty’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the firm earned $1.10 earnings per share.

Agree Realty Trading Down 1.6%

Shares of ADC stock traded down $1.10 on Wednesday, reaching $65.98. 131,299 shares of the stock were exchanged, compared to its average volume of 1,333,764. Agree Realty has a 1-year low of $64.43 and a 1-year high of $82.08. The firm has a 50 day moving average of $69.91 and a two-hundred day moving average of $74.20. The stock has a market cap of $8.21 billion, a P/E ratio of 35.60, a price-to-earnings-growth ratio of 2.21 and a beta of 0.42. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.60.

Agree Realty Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a $0.2710 dividend. This is a boost from Agree Realty’s previous monthly dividend of $0.2670. The ex-dividend date is Friday, October 30th. This represents a $3.25 dividend on an annualized basis and a dividend yield of 4.9%. Agree Realty’s dividend payout ratio (DPR) is 172.04%.

Insiders Place Their Bets

In other Agree Realty news, insider Craig Erlich purchased 1,000 shares of Agree Realty stock in a transaction dated 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 owned 60,388 shares in the company, valued at $4,079,209.40. This represents a 1.68% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Rakolta, Jr. acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were bought at an average price of $68.78 per share, with a total value of $1,375,600.00. Following the completion of the purchase, the director owned 654,602 shares in the company, valued at $45,023,525.56. The trade was a 3.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 48,496 shares of company stock worth $3,418,670 in the last 90 days. 1.80% of the stock is owned by company insiders.

Agree Realty News Summary

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

• Positive Sentiment: Agree Realty reported third-quarter adjusted FFO of $1.15 per share, ahead of the $1.14 consensus estimate and up from $1.10 a year earlier. Revenue was approximately $213.9 million, exceeding the $211.5 million FactSet forecast. Agree Realty Beats Q3 FFO and Revenue Estimates
• Positive Sentiment: Management raised 2026 AFFO-per-share guidance to approximately $4.58-$4.59. The retail net-lease REIT also reported $68.5 million of quarterly net income, a 99.8%-leased portfolio containing 2,888 properties, and roughly $2.0 billion in liquidity. Agree Realty Reports Third-Quarter Net Income
• Positive Sentiment: ADC invested approximately $357.7 million across 94 retail net-lease properties during the quarter, supporting future rent and cash-flow growth. Its monthly dividend remained $0.267 per share.
• Neutral Sentiment: The company completed $400 million of senior notes and settled 5.7 million forward-equity shares for $425.7 million. The capital raised strengthens liquidity and acquisition capacity, though the equity issuance may create dilution for existing shareholders.
• Negative Sentiment: Wells Fargo lowered its ADC price target from $83 to $79 while retaining an “overweight” rating. Robert W. Baird separately reduced its target from $77 to $76, although it maintained an “outperform” rating. The cuts suggest analysts see less near-term upside despite the favorable quarter.

Analysts Set New Price Targets

Several equities analysts have issued reports on ADC shares. Wall Street Zen downgraded shares of Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Weiss Ratings cut shares of Agree Realty from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Wells Fargo & Company decreased their price target on Agree Realty from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Monday. Barclays lowered their target price on shares of Agree Realty from $85.00 to $76.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Truist Financial began coverage on Agree Realty in a report on Thursday, October 1st. They set a “buy” rating and a $75.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Agree Realty presently has an average rating of “Moderate Buy” and an average target price of $81.25.

Agree Realty Company Profile

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.