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Agree Realty Corporation

Real Estate US ADC

74.53USD
-0.02(0.03%)

Last update at 2025-06-16T14:56:00Z

Day Range

74.3575.00
LowHigh

52 Week Range

52.4778.13
LowHigh

Fundamentals

  • Previous Close 74.55
  • Market Cap8110.93M
  • Volume141501
  • P/E Ratio41.14
  • Dividend Yield4.06%
  • EBITDA465.06M
  • Revenue TTM600.53M
  • Revenue Per Share TTM5.99
  • Gross Profit TTM 377.53M
  • Diluted EPS TTM1.81

Source: TradingView
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Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 155.90M 125.28M 93.06M 81.30M 59.31M
Minority interest -0.59800M 0.60M 0.59M 0.68M 0.63M
Net income 152.44M 122.27M 91.38M 80.08M 58.17M
Selling general administrative 30.12M 25.46M 20.79M 15.57M 12.16M
Selling and marketing expenses - - - - -
Gross profit 377.53M 298.26M 216.82M 163.97M 131.18M
Reconciled depreciation 166.91M 120.01M 82.64M 59.20M 43.70M
Ebit 218.09M 190.27M 125.13M 101.09M 66.46M
Ebitda 343.09M 274.40M 192.16M 136.70M 110.16M
Depreciation and amortization 125.00M 84.13M 67.03M 35.62M 43.70M
Non operating income net other 1.25M - 8.03M 13.31M 11.18M
Operating income 218.09M 190.27M 125.13M 101.09M 73.00M
Other operating expenses 249.31M 186.53M 119.30M 84.78M 72.87M
Interest expense 63.44M 53.99M 32.93M 10.38M -24.87200M
Tax provision 2.86M 2.40M 1.09M 0.54M 0.52M
Interest income 63.44M 50.38M 40.10M 33.09M 24.87M
Net interest income -63.43500M -50.37800M -40.09700M -33.09400M -24.87200M
Extraordinary items - - - - -
Non recurring 1.01M 1.92M 4.14M 1.61M 2.32M
Other items - - - - -
Income tax expense 2.86M 2.40M 1.09M 0.54M 0.52M
Total revenue 463.15M 363.61M 248.57M 187.48M 148.19M
Total operating expenses 163.69M 121.19M 87.55M 61.27M 55.86M
Cost of revenue 85.62M 65.34M 31.75M 23.51M 17.01M
Total other income expense net -62.19000M -64.99200M -32.07000M -19.78800M 8.87M
Discontinued operations - - - - -
Net income from continuing ops 153.03M 137.49M 91.97M 80.76M 58.80M
Net income applicable to common shares 144.62M 120.12M 91.38M 80.08M 58.17M
Preferred stock and other adjustments 7.44M 2.15M - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 7774.84M 6713.19M 5226.91M 3886.18M 2664.53M
Intangible assets 854.09M 799.45M 672.02M 473.59M 343.51M
Earning assets - - - - -
Other current assets 7.26M 1.15M 7.67M 3.02M 26.55M
Total liab 2574.68M 2082.80M 1807.59M 1359.93M 972.97M
Total stockholder equity 5199.21M 4629.00M 3417.69M 2524.49M 1689.33M
Deferred long term liab - 799.45M 672.02M 473.59M 343.51M
Other current liab 30.76M -1817.67300M -143.11900M -57.45500M -63.98600M
Common stock 0.01000M 0.00900M 0.00700M 0.00600M 0.00500M
Capital stock 175.01M 175.01M 175.01M 0.00600M 0.00500M
Retained earnings -346.47300M -228.13200M -147.36600M -91.34300M -57.09400M
Other liab - 49.22M 33.08M 29.53M 21.80M
Good will - - - - -
Other assets - 5820.14M 5097.14M 3842.24M 357.22M
Cash 10.91M 27.76M 43.25M 6.14M 15.60M
Cash and equivalents - 27.76M 43.25M 6.14M 15.60M
Total current liabilities 89.32M 106.07M 86.89M 105.94M 74.00M
Current deferred revenue - - - - -
Net debt 2400.01M 1912.26M 1644.38M 1212.16M 856.70M
Short term debt 6.55M 1840.02M 160.00M 92.00M 89.00M
Short long term debt - - 160.00M 92.00M 89.00M
Short long term debt total 2410.92M 1940.02M 1687.63M 1218.30M 872.30M
Other stockholder equity 5354.12M 4658.57M 3395.55M 2652.09M 1752.91M
Property plant equipment - 5801.97M 4367.11M 3304.18M 2218.59M
Total current assets 101.12M 94.75M 104.37M 46.96M 72.72M
Long term investments - - - - -
Net tangible assets - 3654.55M 3242.69M 2050.89M 1345.82M
Short term investments -3.61700M - 4367.11M - -
Net receivables 82.95M 65.84M 53.44M 37.81M 26.81M
Long term debt 2410.92M 1940.02M 1527.63M 1126.30M 783.30M
Inventory - 0.00000M 5.68M 1.20M 3.75M
Accounts payable 52.01M 83.72M 70.00M 71.39M 48.99M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - 1.39M 1.63M 1.76M 2.23M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 16.55M 23.55M -5.50300M -36.26600M -6.49200M
Additional paid in capital - - - - -
Common stock total equity - 0.00900M 0.00700M 0.00600M 0.00500M
Preferred stock total equity - 175.00M 175.00M - -
Retained earnings total equity - -228.13200M -147.36600M -91.34300M -57.09400M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 16.11M 5818.99M 4444.22M 3365.63M 2248.30M
Deferred long term asset charges - - - - -
Non current assets total 7673.72M 6618.44M 5122.54M 3839.22M 2591.82M
Capital lease obligations - - - - -
Long term debt total - 1946.15M 1527.63M 1126.30M 783.30M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -1615.97500M -1386.61500M -1299.84200M -667.51900M -568.11700M
Change to liabilities 15.05M 10.83M 2.22M 0.61M 2.89M
Total cashflows from investing activities -1615.97500M -1386.61500M -1299.84200M -667.51900M -568.11700M
Net borrowings 210.31M 461.12M 345.14M 148.69M 199.84M
Total cash from financing activities 1237.51M 1177.60M 1122.68M 528.99M 470.06M
Change to operating activities 4.89M -3.23100M -1.50300M -2.15000M -0.46300M
Net income 153.03M 122.88M 91.97M 80.76M 58.80M
Change in cash -16.34100M 37.30M -34.20200M -11.81800M -4.80700M
Begin period cash flow 45.25M 7.96M 42.16M 53.98M 58.78M
End period cash flow 28.91M 45.25M 7.96M 42.16M 53.98M
Total cash from operating activities 362.12M 246.31M 142.96M 126.71M 93.25M
Issuance of capital stock 1257.82M 915.15M 896.12M 472.75M 339.74M
Depreciation 166.91M 120.01M 82.64M 59.20M 43.70M
Other cashflows from investing activities 44.41M 55.53M 46.47M 65.05M 64.49M
Dividends paid -227.74200M -195.82500M -116.11200M -90.25700M -67.63800M
Change to inventory - -0.60600M -2.21600M - 0.90M
Change to account receivables 0.80M -16.30400M -11.98300M -6.07100M -6.85500M
Sale purchase of stock -1.91200M -1.81300M -1.64100M -1.40600M -1.14500M
Other cashflows from financing activities 1328.83M 871.18M 348.00M 190.86M 585.44M
Change to netincome -11.03800M -6.97400M 0.83M -7.71700M -5.91300M
Capital expenditures 1660.39M 1442.15M 1346.31M 732.57M 632.61M
Change receivables 0.80M -16.30400M -11.98300M -6.07100M -6.85500M
Cash flows other operating 33.30M 13.52M -24.17100M -1.36200M -0.42800M
Exchange rate changes - - - - -
Cash and cash equivalents changes -16.34100M 37.30M -34.20200M -11.81800M -4.80700M
Change in working capital 20.74M -8.70800M -11.27000M -7.61500M -4.39100M
Stock based compensation 6.46M 4.80M 4.70M 3.98M 2.95M
Other non cash items 14.98M 3.61M 1.44M 1.28M 1.05M
Free cash flow 362.12M 246.31M 142.96M 126.71M 93.25M

Peer Comparison

Sector: Real Estate Industry: REIT - Retail

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
ADC
Agree Realty Corporation		 -0.02 0.03% 74.53 41.14 39.06 13.51 1.58 18.24 20.79
SPG
Simon Property Group Inc		 2.71 1.73% 159.62 21.31 24.69 9.77 16.15 12.96 14.98
O
Realty Income Corporation		 0.34 0.59% 57.98 43.10 43.67 10.55 1.30 15.84 18.03
LKREF
Link Real Estate Investment Trust		 0.15 2.88% 5.35 - 15.77 1.14 0.61 1.54 26.84
KIM
Kimco Realty Corporation		 0.26 1.22% 21.09 30.65 29.76 7.61 1.41 11.27 15.81

Reports Covered

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Profile

Agree Realty Corporation (the "Company"), a Maryland corporation, is a fully integrated real estate investment trust ("REIT") primarily focused on the ownership, acquisition, development and management of retail properties net leased to industry leading tenants. The Company was founded in 1971 by its current Executive Chairman, Richard Agree, and its common stock was listed on the New York Stock Exchange in 1994. As of March 31, 2024, the Company owned 2,161 properties, with a total gross leasable area ("GLA") of approximately 44.9 million square feet.

Agree Realty Corporation

32301 Woodward Avenue, Royal Oak, MI, United States, 48073

Key Executives

Name Title Year Born
Mr. Joel N. Agree Pres, CEO & Director 1979
Mr. Peter Coughenour CFO, Sec. & Investor Relations Professional 1993
Mr. Craig Erlich Chief Operating Officer 1968
Ms. Danielle M. Spehar Gen. Counsel 1968
Ms. Nicole Witteveen Exec. VP of People & Culture and Chief of Staff 1990
Mr. Richard A. Agree Exec. Chairman 1944
Mr. Stephen Breslin Chief Accounting Officer NA
Mr. Larry Kaufman Chief Information Officer & VP of Continuous Improvement NA
Mr. Dan Theeck Director of Financial Reporting & Compliance NA
Mr. Josh Bratton Director of Devel. NA

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