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$65.82 as of 2026-10-08 close
- Market cap$8.2B as of 2026-07-29 (share count; price 2026-10-08)
- 1-year return-6.7% 2025-10-08 close $70.52 → 2026-10-08 close $65.82
- P/E34.23 as of 2026-10-08
- Net margin+28.4% FY2025, SEC XBRL
- ROE+3.3% FY2025, SEC XBRL
- Debt / equity0.59 as of 2026-09-03
- Revenue growth (YoY)+18.2% as of 2026-09-03
- Revenue CAGR (3y)+18.7% SEC XBRL
- Beta0.05 as of 2026-09-03
- Last reported earnings2026-07-30 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +4.8%; 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 120 covered Real Estate peers, as of 2026-10-08
- net profit marginmiddle range 154 covered Real Estate peers, as of 2026-09-03
- operating margintop 25% 96 covered Real Estate peers, as of 2026-09-03
- return on equitymiddle range 158 covered Real Estate peers, as of 2026-09-03
- 3-year revenue CAGRtop 10% 155 covered Real Estate peers
- indicated dividend yieldmiddle range 140 covered Real Estate peers, as of 2026-09-03
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 not currently in any published Top 10 list. Its scores are below.
Top 10 score
49.6 #766 of 1,379 scored · #33 of 87 in Real Estate
Growth 78th (3-year revenue CAGR 18.7%, revenue growth year over year 18.2%) and valuation 60th (price to book 1.3, price to earnings 34.2); weakest is trend (26th, a strong downtrend, with sellers in control).
Left this list on 1 Oct 2026
- Left 1 Oct 2026: score 49.4, rank 32 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version) (a member leaves above rank 15).
- Entered 18 Aug 2026: first selection for this list at rank 10, score 58.2.
- Held its place at 1 rebalance on 1 Sep 2026.
Scores as of 8 Oct 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 4.
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 12.1% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 15 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 61, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 31, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 1 trading day ago (its momentum flipped positive). It made a new 20-day low about 6 trading days ago. It is 2.2% above its 52-week low (its lowest price of the past year).
Trend
7
| Distance from the 200-day | it is trading 12.1% below its 200-day average, the long-term trend line — a long-term downtrend | -12.2% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $71.56 | $71.56 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $74.92 | $74.92 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing low 15 calendar days ago — the swings before that are what the structure reading is measured on | 15 sessions |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 15 trading days ago — a "death cross", a bearish long-term signal | 15 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 61, with sellers in control | 61.3 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 31, neither overbought (above 70) nor oversold (below 30) | 30.9 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($64.43 to $68.44) — its "stochastic" reading is 35 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 climbing within that range over the last few sessions. | 34.7 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 1 trading day ago (its momentum flipped positive) | 1 session |
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 19.8% below its 52-week high (its highest price of the past year) | -19.8% |
| Above the 52-week low | it is 2.2% above its 52-week low (its lowest price of the past year) | +2.2% |
| Below the 52-week high | it is 19.8% below its highest point of the past year | 19.8% |
| Since a 20-day breakout | it made a new 20-day low about 6 trading days ago | 6 sessions |
| Since a 55-day breakout | it made a new 55-day low about 6 trading days ago | 6 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 ($65.03 to $81.92), and it has recovered only a small part of its fall from last year’s high — 5% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $75.47 to $76.01. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 4.7% |
| From the all-time high | it is 19.8% below its all-time high | -19.8% |
| Nearest price level | it is trading 6.4% below a resistance level at $70.03 — a price it turned at 10 times since 2024-12-20, most recently on 2026-01-29. Since 2024-10-08 it has 0 such levels below the current price and 7 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +6.4% |
| 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 688.3% above its all-time low | +688.3% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are wider than usual versus its own recent 6-month history (wider than about 78% of it) | 78th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.09 between its high and its low — about 1.7% 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 | $1.09 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $64.04 and $70.81 — 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 | $64.04 – $67.43 – $70.81 |
| Typical daily range (% of price) | its price moves about 1.7% 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 | 1.7% |
| Stretch from the 200-day average | it is trading 8.3 daily ranges below its 200-day average price (12.2% 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 | 8.3 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 | 1.09× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 1.1% since the prior reading | -1.1% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
2
| Since a bullish engulfing | 2 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 2 sessions ago |
|---|---|---|
| Since a bearish engulfing | 1 session ago 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 | 1 session ago |
Price gaps
1
| Gap at the open | it opened on 2026-10-08 0.1% 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 | +0.1% |
|---|
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 10.6 percentage points (the stock lost 9.6% while the market gained 1.0%) | -10.6% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 19.4 percentage points (the stock lost 15.5% while the market gained 3.8%) | -19.4% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 30.3 percentage points (the stock lost 12.9% while the market gained 17.5%) | -30.3% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 21.6 percentage points (the stock lost 6.7% while the market gained 15.0%) | -21.6% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: MACD momentum is positive — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 13% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 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 2.6% of the share price. | -12.5% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 12% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $74.41 — a volume-weighted average of daily closes over 191 sessions, not a true tick-by-tick VWAP. | -11.6% |
|---|---|---|
| Vs the average paid since it last reported | the price is 8% 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 $71.25 — a volume-weighted average of daily closes over 50 sessions, not a true tick-by-tick VWAP. | -7.6% |
Price levels it has turned at before
ADC last closed at $65.82 on 2026-10-08. Since 2024-10-08 it has turned at 0 prices below its last close and 7 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $70.03 | Resistance | 6.4% above the last close | turned there 10 times · 2024-12-20 to 2026-01-29 |
| $71.83 | Resistance | 9.1% above the last close | turned there 12 times · 2024-11-06 to 2026-06-04 |
| $73.52 | Resistance | 11.7% above the last close | turned there 8 times · 2025-06-09 to 2026-08-11 |
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
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-10-08.
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 · Recent death cross (50-day crossed below 200-day) · Near the 52-week low · MACD just crossed bullish (12/26/9) · Analyst price target recently CUT · lagging the market | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. 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$82.89 range $72.00 – $93.00; median $83.50
Analyst estimates, as of 2026-10-06. 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$0.4733 next reporting period, as of 2026-10-06
- Estimate change, 30 days-$0.0025 (-0.5%) from $0.4758, on 2026-09-05, 31-day window
- Readings revised upward11% of 9 comparable readings
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 2026-07-30 against the prior one filed 2026-04-21.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-07-30) states portfolio consisted of 2,825 properties as of June 30, 2026; older filing (2026-04-21) stated 2,756 properties as of March 31, 2026.
- Newer filing (2026-07-30) states approximately 59.6 million square feet of GLA as of June 30, 2026; older filing (2026-04-21) stated approximately 57.5 million square feet of GLA as of March 31, 2026.
- Newer filing (2026-07-30) states portfolio was approximately 99.8% leased as of June 30, 2026; older filing (2026-04-21) stated approximately 99.7% leased as of March 31, 2026.
- Newer filing (2026-07-30) states approximately 65.8% of annualized base rent was derived from investment grade credit rated tenants; older filing (2026-04-21) stated approximately 65.4%.
- Newer filing (2026-07-30) states real estate investment portfolio grew to approximately $9.24 billion in net investment amount representing 2,825 properties as of June 30, 2026; older filing (2026-04-21) stated approximately $8.89 billion representing 2,756 properties as of March 31, 2026.
- Newer filing (2026-07-30) states portfolio grew from approximately $7.96 billion in net investment amount representing 2,513 properties as of June 30, 2025; older filing (2026-04-21) stated approximately $7.70 billion representing 2,422 properties as of March 31, 2025.
- Newer filing (2026-07-30) includes 'the District of Columbia' in the portfolio location description; older filing (2026-04-21) did not include this phrase.
- Reworded:
- Newer filing (2026-07-30) states weighted average remaining lease term of approximately 7.7 years as of June 30, 2026; older filing (2026-04-21) stated approximately 7.8 years as of March 31, 2026.
- Newer filing (2026-07-30) states portfolio located in 'all 50 states and the District of Columbia'; older filing (2026-04-21) stated 'all 50 states' without the District of Columbia.
- Newer filing (2026-07-30) uses 'a portion' as the ending phrase in the Results of Operations section; older filing (2026-04-21) uses 'a portion of the increase in rental'.
- Notes:
- The newer filing text is truncated at 'accordingly, a portion' and may be incomplete.
- The older filing text is truncated at 'accordingly, a portion of the increase in rental' and may be incomplete.
Risk Factors
- Added:
- Newer filing (2026-07-30) added Exhibit 10.1 for Director Restricted Stock Unit Program under the Agree Realty Corporation 2024 Omnibus Incentive Plan.
- Newer filing (2026-07-30) added Exhibit 10.2 for Form of Restricted Stock Unit Agreement under the Agree Realty Corporation 2024 Omnibus Incentive Plan.
- Newer filing (2026-07-30) added Exhibit 10.3 for Equity Distribution Agreement dated April 24, 2026 among the Company, the Agents party thereto, and the Forward Purchasers party thereto.
- Reworded:
- Newer filing (2026-07-30) changed the share withholding disclosure period from the three months ended March 31, 2026 to the three months ended June 30, 2026.
- Newer filing (2026-07-30) changed the common stock repurchase table periods from January 1, 2026 - January 31, 2026; February 1, 2026 - February 28, 2026; and March 1, 2026 - March 31, 2026 to April 1, 2026 - April 30, 2026; May 1, 2026 - May 31, 2026; and June 1, 2026 - June 30, 2026.
- Newer filing (2026-07-30) changed the number of shares purchased from (76,363) total to 128 total, and average price paid per share from $79.32 to $77.09.
- Newer filing (2026-07-30) changed the Rule 10b5-1 trading arrangement disclosure period from the quarter ended March 31, 2026 to the quarter ended June 30, 2026.
- Newer filing (2026-07-30) changed the Exhibit 101 description from 'the three months ended March 31, 2026' to 'the three and six months ended June 30, 2026'.
- Newer filing (2026-07-30) changed the signature date from April 21, 2026 to July 30, 2026.
- Notes:
- The provided texts begin with 'ITEM 1A. Risk Factors' but then include Items 2 through 6, which are outside the Risk Factors section; the comparison therefore covers the full excerpt rather than only Item 1A.
- Item 1A text itself is identical in both filings.
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)
6 open-market purchases and 0 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 30 days · read to 2026-10-043 buys ($2M) · 0 sells — 3 buying insiders
- Last 90 days · read to 2026-10-046 buys ($4M) · 0 sells — 3 buying insiders
- Last 180 days · read to 2026-10-0410 buys ($7M) · 0 sells — 5 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: 2026-09-21. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
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.
U.S. House 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.
U.S. House trading disclosures →Short interest (FINRA)
ADC had 6,771,227 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
ADC had 5.44% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 4.87 days to cover at the same settlement.
- Reported short interest (shares) 6,771,227
- Short interest (% of shares outstanding) 5.44%
- Prior settlement (shares) 6,204,593
- Reported change 9.13%
- Days to cover (reported) 4.87
Reported to FINRA as of the 2026-09-15 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.
Compare ADC vs…
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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 4.76% 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 2026-09-03). 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 U.S. House 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 31, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on ADC come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; 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: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.