Agree Realty (ADC)
Real Estate · net-lease retail REIT · NYSE
A leading net-lease REIT focused on acquiring and managing high-quality, long-term retail properties occupied by industry-leading tenants.
What Agree Realty does
Agree Realty Corporation is an integrated real estate investment trust (REIT) that acquires, develops, owns, and manages a portfolio of retail properties. The company primarily focuses on net-leased retail assets across the United States. Its properties are typically leased to industry-leading retail tenants, often operating under ground leases or net leases that shift property-level operating expenses to the tenant.
Themes: net-lease REIT, retail real estate, commercial real estate (CRE), dividend income
Fundamentals
- Price$73.88 as of 2026-08-21 close
- Market cap$9.2B as of 2026-08-21
- 1-year return-0.2% 2025-08-21 close $74.04 → 2026-08-21 close $73.88
- P/E41.47 as of 2026-08-24
- Net margin+28.8% as of 2026-08-24
- Gross margin+88.0% as of 2026-08-24
- ROE+3.6% as of 2026-08-24
- Debt / equity0.59 as of 2026-08-24
- Revenue growth (YoY)+18.2% as of 2026-08-24
- Revenue CAGR (3y)+18.7% SEC XBRL
- Beta0.42 as of 2026-08-24
- Last reported earnings2026-07-30 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +5.1%; at least 5 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How ADC compares in its sector
- price-to-earnings ratiomiddle range 127 covered Real Estate peers, as of 2026-08-24
- net profit margintop 25% 161 covered Real Estate peers, as of 2026-08-24
- operating margintop 10% 161 covered Real Estate peers, as of 2026-08-24
- gross margintop 25% 156 covered Real Estate peers, as of 2026-08-24
- return on equitymiddle range 162 covered Real Estate peers, as of 2026-08-24
- 3-year revenue CAGRtop 10% 155 covered Real Estate peers
- indicated dividend yieldmiddle range 138 covered Real Estate peers, as of 2026-08-24
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
ADC is in the Real Estate Long-term Top 10.
Real Estate Long-term Top 10 — since 18 Aug 2026
Long-term score
58.8 #215 of 987 scored · #11 of 84 in Real Estate
Growth 86th (3-year revenue CAGR 18.7%, revenue growth year over year 18.2%) and capital return 71st (consecutive years of dividend increases 5 years); weakest is long-term trend (37th, a trend forming but not yet strong (ADX below 25)).
Short-term score
32.4 #1607 of 1,704 scored · #87 of 94 in Real Estate
Setup 50th: over the past year its closes ranged, and it has retraced well over two thirds of its move over the past year — 69% of it; catalysts 36th: the analyst consensus rating is unchanged since the prior reading; weakest is volume and participation 9th: trading volume is about normal versus its 30-day average.
In this list since 18 Aug 2026 — currently 10th in the list (3 days)
- Entered 18 Aug 2026: first selection for this list at rank 10, score 58.2.
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
Dividend coverage (FY2025)
Exceeded at least one reported measure. In FY2025, ADC's dividend exceeded at least one reported measure of what it earned or generated (earnings payout 167%, operating-cash-flow payout 68%). A payout above 100% in one year is not necessarily unsustainable, but it is not fully covered by that measure.
- Earnings payout167% dividends / net income
- Operating-cash-flow payout68% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How Agree Realty looks technically
Agree Realty (ADC) is trading 2.2% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed above its 200-day average about 123 trading days ago — a "golden cross", a bullish long-term signal. A trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 25 (a reading of 25+ marks a strong trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 36, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 9 trading days ago.
Trend
8
| Distance from the 200-day | it is trading 2.2% below its 200-day average, the long-term trend line — a long-term downtrend | -2.2% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $76.79 | $76.79 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $75.53 | $75.53 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing low 10 calendar days ago — the swings before that are what the structure reading is measured on | 10 sessions |
| Wave structure | its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes below 73.275. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible upward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 123 trading days ago — a "golden cross", a bullish long-term signal | 123 sessions |
| Trend strength (14-day ADX) | a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 25 (a reading of 25+ marks a strong trend) | 24.8 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 36, neither overbought (above 70) nor oversold (below 30) | 36.1 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($73.28 to $76.65) — its "stochastic" reading is 18 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 17.9 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 17 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $82.08 | $82.08 |
|---|---|---|
| From the 52-week high | it is 10.0% below its 52-week high (its highest price of the past year) | -10.0% |
| Above the 52-week low | it is 6.2% above its 52-week low (its lowest price of the past year) | +6.2% |
| Below the 52-week high | it is 10.0% below its highest point of the past year | 10.0% |
| Since a 20-day breakout | it made a new 20-day low about 9 trading days ago | 9 sessions |
| Since a 55-day breakout | it made a new 55-day high about 26 trading days ago | 26 sessions |
| All-time high | its highest closing price on record is $82.08 (set on 2026-03-03) | $82.08 |
| Given back of the 52-week move | over the past year its closes ranged ($70.22 to $81.92), and it has given back well over two thirds of its rise from last year’s low — 69% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $74.31 to $74.69. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 68.7% |
| From the all-time high | it is 10.0% below its all-time high | -10.0% |
| Nearest price level | it is sitting right on a resistance level at $73.98 — a price it turned at 10 times since 2024-09-19, most recently on 2026-08-11. Since 2024-08-21 it has 2 such levels below the current price and 5 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.1% |
| All-time low | its lowest closing price on record is $8.35 (set on 2008-11-21) | $8.35 |
| Above the all-time low | it is 784.8% above its all-time low | +784.8% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 81% of the past ~6 months) | 81st percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.17 between its high and its low — about 1.6% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.17 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $71.54 and $80.72 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $71.54 – $76.13 – $80.72 |
| Typical daily range (% of price) | its price moves about 1.6% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 1.6% |
| Stretch from the 200-day average | it is trading 1.4 daily ranges below its 200-day average price (2.2% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.4 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.55× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a bearish engulfing | today it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | today |
|---|
Price gaps
2
| Gap at the open | it opened on 2026-08-21 0.2% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.2% |
|---|---|---|
| Gap filled | a 3.3% gap up opened on 2026-06-11 has been "filled" 44 sessions ago — price traded back through the level the gap left behind, and it took 5 sessions to close | 44 sessions ago |
Price streaks
1
| Closing streak | it closed lower in its latest session, after a session that did not close lower — a single down day rather than a run | 1 session down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 10.3 percentage points (the stock lost 7.9% while the market gained 2.3%) | -10.3% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 5.5 percentage points (the stock lost 2.4% while the market gained 3.1%) | -5.5% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 16.6 percentage points (the stock lost 5.6% while the market gained 11.1%) | -16.6% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 20.7 percentage points (the stock lost 0.2% while the market gained 20.5%) | -20.7% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bearish state: trading below its 200-day average, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 4 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 2.8% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 2.3% of the share price. | -2.8% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 3% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $75.98 — a volume-weighted average of daily closes over 158 sessions, not a true tick-by-tick VWAP. | -2.8% |
|---|---|---|
| Vs the average paid since it last reported | the price is 2% below the average price paid since it last reported on 2026-07-30 (its 10-Q), so the typical buyer over that stretch is under water. That average is $75.22 — a volume-weighted average of daily closes over 17 sessions, not a true tick-by-tick VWAP. | -1.8% |
Price levels it has turned at before
ADC last closed at $73.88 on 2026-08-21. Since 2024-08-21 it has turned at 2 prices below its last close and 5 above; the 2 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $73.98 | Resistance | 0.1% above the last close | turned there 10 times · 2024-09-19 to 2026-08-11 |
| $72.04 | Support | 2.5% below the last close | turned there 15 times · 2024-10-10 to 2026-06-18 |
| $75.81 | Resistance | 2.6% above the last close | turned there 10 times · 2024-10-01 to 2026-06-11 |
| $77.66 | Resistance | 5.1% above the last close | turned there 9 times · 2024-09-16 to 2026-07-15 |
| $70.03 | Support | 5.2% below the last close | turned there 10 times · 2024-12-20 to 2026-01-29 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes below $73.28.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $83.85 and $90.39 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close below $73.28.
This reading has stood for 4 trading days, since 2026-08-18.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · lagging the market · Printed a bearish engulfing pair · Least volatile (2% or less typical daily range) · At the bottom of its 14-day range (stochastic below 20) · Under water since its last earnings report (below the anchored VWAP) | Learn: moving average · golden cross · adx · rsi · breakout
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (1.85 mean, 1=Strong Buy…5=Strong Sell) — 18 analysts
- Mean price target$84.86 range $80.00 – $93.00; median $84.00
Analyst estimates, as of 2026-08-24. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for ADC
- Consensus EPS estimate$0.4758 next reporting period, as of 2026-08-24
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Tenant credit risk and potential bankruptcy or financial distress of retail tenants.","Dependence on the retail industry and economic conditions affecting consumer spending.","Interest rate volatility, which can impact the cost of debt financing and the attractiveness of REIT investments."]
What changed in the latest 10-Q
AI-assisted comparison of ADC's 10-Q filed 2026-04-21 against the prior one filed 2025-10-21.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing references Form 10-K for year ended December 31, 2025 (vs. December 31, 2024 in older filing)
- Newer filing specifies March 31, 2026 as portfolio date (vs. September 30, 2025 in older filing)
- Newer filing reports 2,756 properties with 57.5 million square feet of GLA as of March 31, 2026 (vs. 2,603 properties with 53.7 million square feet as of September 30, 2025)
- Newer filing reports 99.7% portfolio leased with 7.8 years weighted average remaining lease term (vs. 99.7% leased with 8.0 years in older filing)
- Newer filing reports 65.4% annualized base rent from investment grade tenants (vs. 66.7% in older filing)
- Newer filing reports portfolio grew from $7.70 billion at March 31, 2025 with 2,422 properties and 50.3 million square feet (vs. $7.13 billion at September 30, 2024 with 2,271 properties and 47.2 million square feet in older filing)
- Newer filing reports $8.89 billion net investment amount at March 31, 2026 (vs. $8.30 billion at September 30, 2025 in older filing)
- Reworded:
- Opening line changed from 'The following should be read' to 'The following discussion should be read'
- Reference changed from 'interim condensed consolidated financial statements' to 'condensed consolidated financial statements'
- Operating Partnership interest date updated from 'as of September 30, 2025' to 'as of March 31, 2026'
- Risk factors reference updated from 'adverse impacts of tariffs' to 'adverse impact of tariffs'
- Notes:
- Both filings are quarterly 10-Q reports with different fiscal period end dates (March 31, 2026 vs. September 30, 2025), making numerical comparisons reflect different time periods rather than methodological changes
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
1 open-market purchase and 0 open-market sales by insiders in the last 90 days.
- Last 90 days1 buy ($357050) · 0 sells — 1 buying insider
- Last 180 days5 buys ($3M) · 0 sells — 4 buying insiders
Cluster buying: 4 different insiders reported open-market purchases (SEC code P) of ADC within a 30-day window between 2026-05-14 and 2026-06-04. Disclosed Form 4 activity, not a prediction of performance or a buy signal.
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-06-04. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about ADC's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Congressional trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 7 matched disclosures for ADC from U.S. House Clerk Periodic Transaction Report filings.
Congressional trading disclosures →Short interest (FINRA)
ADC had 14,341,202 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
ADC had 11.5% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 11.73 days to cover at the same settlement.
- Reported short interest (shares) 14,341,202
- Short interest (% of shares outstanding) 11.5%
- Prior settlement (shares) 14,347,872
- Reported change -0.05%
- Days to cover (reported) 11.73
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Realty Income (O)
- National Retail Properties (NNN)
- VICI Properties (VICI)
- W. P. Carey (WPC)
- Essential Properties Realty Trust (EPRT)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Agree Realty (ADC) do?
Agree Realty Corporation is an integrated real estate investment trust (REIT) that acquires, develops, owns, and manages a portfolio of retail properties. The company primarily focuses on net-leased retail assets across the United States. Its properties are typically leased to industry-leading retail tenants, often operating under ground leases or net leases that shift property-level operating expenses to the tenant.
What sector is Agree Realty (ADC) in?
Agree Realty (ADC) is classified in the Real Estate sector. Its industry is net-lease retail REIT. It trades on NYSE.
Does ADC pay a dividend?
Yes — Agree Realty (ADC) pays a dividend, with an indicated yield of about 5.13% and at least 5 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-08-24). Informational only — not financial advice.
Who are Agree Realty's (ADC) competitors?
Notable peers of Agree Realty (ADC) include Realty Income, National Retail Properties, VICI Properties, W. P. Carey and Essential Properties Realty Trust. This peer set is informational only — not financial advice.
Has there been recent Congressional stock trading in ADC?
Yes — we hold 7 matched STOCK Act disclosures for ADC from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is Agree Realty (ADC) overbought or oversold right now?
Agree Realty (ADC) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 36, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on ADC come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.