Intrinsiqq
AGREE REALTY CORP logoAgree Realty CorpADC
$67.09+4.03%
AGREE REALTY CORP logo

Agree Realty Corp

ADC

$67.09

+$2.60 (+4.03%)

⊜ Compare
ProfitabilityStrong marginsGrowthAcceleratingCash FlowN/AValuationNot cheap
What stands out

47.38% operating margin is above average. ROIC at 4.01%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.

What's changing

Revenue grew 16.4%, still solid.

What deserves caution

At 35x earnings, the current multiple leaves limited room for execution misses or growth deceleration.

Valuation context

34.6x earnings. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.

Price History

-10.1%

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$8.73B
EPS$1.94
P/E34.58
P/FCF—
EV/EBITDA16.79
FCF Yield—
Div. Yield4.35%
Net Debt/FCF—
52-Week Range
$65.16$81.92

Profitability & Returns

Revenue (TTM)

$810M

▲ +16.4% YoY

Net Income (TTM)

$241M

▲ +8.0% YoY

Op. Margin

48.86%

▼ -1.6pp YoY

ROIC

4.27%

▲ +0.1pp YoY

Cash Flow & Balance Sheet

FCF

N/A

Op. Cash Flow (TTM)

$572M

▲ +16.7% YoY

Net Debt

$2.96B

Cash & Equiv.

$81M

5Y CAGR: +23.6%

Continue Research

SourceComputed from the 10-Q filed 19 Oct 2026, covering the period ending 30 Sept 2026, as reported to the SEC. Data last refreshed 21 Oct 2026. How this is calculated.

Price from market data, live as of 22 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.

Is Agree Realty (ADC) overvalued?

At a P/E of 34.6, Agree Realty (ADC)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.

On quality, Agree Realty scores 72/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.3%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.

Frequently asked

Is Agree Realty a high-quality business?+

Agree Realty scores 72 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 48.9% operating margin and a 4.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.

Does Agree Realty (ADC) pay a dividend, and how much?+

Yes, Agree Realty pays a regular dividend of about $3.05 per share per year (typically in quarterly installments), a yield of roughly 4.3% at the current price. That is a payout ratio of about 157.5% of earnings, so the dividend is stretched at this level. Agree Realty has grown the dividend at roughly 15.1% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For ADC's full payout history, growth streak and dividend-safety score, see the dividends tab.

Is Agree Realty a good stock to buy right now?+

That depends on valuation and quality together, not either alone. you should weigh ADC's valuation and scores 72/100 on quality (solid). It also yields about 4.3%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.

Related stocks: Real Estate Investment Trusts

Spot a number that looks wrong? Check it in ADC's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.