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ADC Agree Realty Corp

Price (delayed)

$71.62

Market cap

$7.88B

P/E Ratio

40.24

Dividend/share

$3.04

EPS

$1.78

Enterprise value

$10.82B

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of December 31, ...

Highlights
Agree Realty's gross profit has increased by 14% YoY and by 3.3% QoQ
The revenue is up by 14% year-on-year and by 3.2% since the previous quarter
ADC's debt is up by 17% year-on-year and by 6% since the previous quarter
ADC's P/E is 6% above its 5-year quarterly average of 37.8

Key stats

What are the main financial stats of ADC
Market
Shares outstanding
110.02M
Market cap
$7.88B
Enterprise value
$10.82B
Valuations
Price to earnings (P/E)
40.24
Price to book (P/B)
1.36
Price to sales (P/S)
12.04
EV/EBIT
34.84
EV/EBITDA
20.61
EV/Sales
16.99
Earnings
Revenue
$636.8M
Gross profit
$561.75M
Operating income
$310.44M
Net income
$191.33M
EBIT
$310.53M
EBITDA
$524.81M
Free cash flow
-$682.58M
Per share
EPS
$1.78
EPS diluted
$1.77
Free cash flow per share
-$6.38
Book value per share
$52.63
Revenue per share
$5.95
TBVPS
$73.83
Balance sheet
Total assets
$8.8B
Total liabilities
$3.16B
Debt
$2.95B
Equity
$5.64B
Working capital
N/A
Liquidity
Debt to equity
0.52
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
5.6
Margins
EBITDA margin
82.4%
Gross margin
88.2%
Net margin
30%
Operating margin
48.8%
Efficiency
Return on assets
2.2%
Return on equity
3.4%
Return on invested capital
3%
Return on capital employed
N/A
Return on sales
48.8%
Dividend
Dividend yield
4.24%
DPS
$3.04
Payout ratio
170.6%

ADC stock price

How has the Agree Realty stock price performed over time
Intraday
0.9%
1 week
-0.49%
1 month
-3.92%
1 year
12.33%
YTD
1.66%
QTD
-1.97%

Financial performance

How have Agree Realty's revenue and profit performed over time
Revenue
$636.8M
Gross profit
$561.75M
Operating income
$310.44M
Net income
$191.33M
Gross margin
88.2%
Net margin
30%

ADC financials

ADC's operating income is up by 17% YoY and by 2.7% from the previous quarter
Agree Realty's gross profit has increased by 14% YoY and by 3.3% QoQ
The revenue is up by 14% year-on-year and by 3.2% since the previous quarter
Agree Realty's net income has increased by 10% YoY

Price vs fundamentals

How does ADC's price correlate with its fundamentals

ADC Price vs fundamentals

ADC Earnings waterfall

ADC Price vs fair value

Growth

What is Agree Realty's growth rate over time

ADC growth chart

Valuation

What is Agree Realty stock price valuation
P/E
40.24
P/B
1.36
P/S
12.04
EV/EBIT
34.84
EV/EBITDA
20.61
EV/Sales
16.99

Valuation vs average

Price to earnings (P/E)

ADC's P/E is 6% above its 5-year quarterly average of 37.8
The EPS has grown by 4.7% year-on-year

Price to book (P/B)

Agree Realty's equity has increased by 9% YoY and by 2.4% from the previous quarter
The price to book (P/B) is 4.6% higher than the 5-year quarterly average of 1.3 but 2.9% lower than the last 4 quarters average of 1.4

Price to sales (P/S)

The revenue is up by 14% year-on-year and by 3.2% since the previous quarter
The P/S is 7% below the 5-year quarterly average of 13.0

Efficiency

How efficient is Agree Realty business performance
The ROE has increased by 6% YoY
The return on sales has grown by 3.6% year-on-year
The ROIC has grown by 3.4% YoY

Dividends

What is ADC's dividend history
DPS
$3.04
Dividend yield
4.24%
Payout ratio
170.6%
Recent dividends

Special dividends are included in TTM DPS and yield

Financial health

How did Agree Realty financials performed over time

Assets vs liabilities

ADC's total assets is 179% higher than its total liabilities
The total liabilities has grown by 17% YoY and by 6% from the previous quarter
ADC's total assets is up by 12% YoY and by 3.7% QoQ

Debt vs equity

ADC's debt is 48% smaller than its equity
ADC's debt is up by 17% year-on-year and by 6% since the previous quarter
Agree Realty's equity has increased by 9% YoY and by 2.4% from the previous quarter

Balance sheet

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.