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Price (delayed)
$70.17
Market cap
$7.26B
P/E Ratio
38.55
Dividend/share
$2.99
EPS
$1.82
Enterprise value
$9.93B
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 18% YoY and by 3% QoQ
The revenue is up by 18% year-on-year and by 3% since the previous quarter
ADC's debt is up by 20% year-on-year
ADC's P/E is 5% above its last 4 quarters average of 36.6 and 4.8% above its 5-year quarterly average of 36.8
Key stats
What are the main financial stats of ADC
Market
Valuations
Earnings
Shares outstanding
103.52M
Market cap
$7.26B
Enterprise value
$9.93B
Price to earnings (P/E)
38.55
Price to book (P/B)
1.33
Price to sales (P/S)
11.73
EV/EBIT
33.53
EV/EBITDA
20.11
EV/Sales
16.53
Revenue
$600.53M
Gross profit
$529.79M
Net income
$189.91M
EBIT
$296.03M
EBITDA
$493.71M
Free cash flow
-$287.94M
Per share
Balance sheet
Liquidity
EPS
$1.82
EPS diluted
$1.81
Free cash flow per share
-$2.87
Book value per share
$52.61
Revenue per share
$5.98
TBVPS
$73.18
Total assets
$8.18B
Total liabilities
$2.89B
Debt
$2.68B
Equity
$5.29B
Working capital
N/A
Debt to equity
0.51
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
5.39
Margins
Efficiency
Dividend
EBITDA margin
82.2%
Gross margin
88.2%
Net margin
31.6%
Operating margin
49.3%
Return on assets
2.3%
Return on equity
3.5%
Return on invested capital
3.1%
Return on capital employed
N/A
Return on sales
49.3%
Dividend yield
4.27%
DPS
$2.99
Payout ratio
164.5%
ADC stock price
How has the Agree Realty stock price performed over time
Intraday
1.05%
1 week
-6.01%
1 month
-8.88%
1 year
13.34%
YTD
11.47%
QTD
-6.85%
Financial performance
How have Agree Realty's revenue and profit performed over time
Revenue
$600.53M
Gross profit
$529.79M
Operating income
$296.08M
Net income
$189.91M
Gross margin
88.2%
Net margin
31.6%
ADC's operating income is up by 22% YoY and by 4% from the previous quarter
Agree Realty's gross profit has increased by 18% YoY and by 3% QoQ
The revenue is up by 18% year-on-year and by 3% since the previous quarter
Agree Realty's net income has increased by 15% YoY
Growth
What is Agree Realty's growth rate over time
Valuation
What is Agree Realty stock price valuation
P/E
38.55
P/B
1.33
P/S
11.73
EV/EBIT
33.53
EV/EBITDA
20.11
EV/Sales
16.53
The EPS has grown by 6% year-on-year
ADC's P/E is 5% above its last 4 quarters average of 36.6 and 4.8% above its 5-year quarterly average of 36.8
The price to book (P/B) is 11% higher than the last 4 quarters average of 1.2 but 5% lower than the 5-year quarterly average of 1.4
Agree Realty's equity has increased by 2.6% from the previous quarter
The revenue is up by 18% year-on-year and by 3% since the previous quarter
The P/S is 12% below the 5-year quarterly average of 13.4 but 4.7% above the last 4 quarters average of 11.2
Efficiency
How efficient is Agree Realty business performance
The ROE has increased by 9% YoY
The ROIC has grown by 7% YoY and by 3.3% from the previous quarter
The company's return on assets rose by 4.5% YoY
The return on sales has grown by 3.4% year-on-year
Dividends
What is ADC's dividend history
DPS
$2.99
Dividend yield
4.27%
Payout ratio
164.5%
Recent dividends
Special dividends are included in TTM DPS and yield
Financial health
How did Agree Realty financials performed over time
ADC's total assets is 183% higher than its total liabilities
The total liabilities has grown by 20% YoY
ADC's total assets is up by 7% YoY and by 2.3% QoQ
ADC's debt is 49% smaller than its equity
ADC's debt is up by 20% year-on-year
The debt to equity is up by 19% year-on-year
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.