Agree Realty Corporation (NYSE:ADC) Announces $0.27 Monthly Dividend

Agree Realty Corporation (NYSE:ADC) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.267 per share by the real estate investment trust on Wednesday, October 14th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, September 30th.

Agree Realty has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Agree Realty has a payout ratio of 162.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Agree Realty to earn $4.67 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 68.5%.

Agree Realty Stock Down 1.5%

Agree Realty stock opened at $71.50 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.60. The firm has a market cap of $8.89 billion, a P/E ratio of 38.44, a P/E/G ratio of 2.37 and a beta of 0.46. The business has a fifty day moving average of $76.18 and a two-hundred day moving average of $76.46. Agree Realty has a twelve month low of $69.56 and a twelve month high of $82.08.

Agree Realty (NYSE:ADC) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The firm had revenue of $216.33 million for the quarter, compared to analysts’ expectations of $204.53 million. During the same period in the previous year, the company posted $1.06 earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. On average, analysts forecast that Agree Realty will post 4.45 earnings per share for the current fiscal year.

Agree Realty Company Profile

Agree Realty Corporation (NYSE: ADC) is a real estate investment trust that owns, develops, acquires and manages retail properties. The company primarily invests in freestanding, net-leased properties occupied by nationally recognized and regionally established retailers.

Under a net lease, tenants generally pay expenses such as property taxes, insurance and maintenance in addition to rent. Agree Realty’s portfolio is focused largely on essential retail locations, including stores serving everyday consumer needs.