ADC
Agree Realty Corp Real Estate Real Estate Investment Trusts Russell 3000
$67.07Close
$8.1BMarket cap
$64.23 – $80.5552-week range
Mid-januaryNext report · estimated
Highlights
Strengths
- Tight base near its pivot pullbacks 21% → 5%; 0.5% below its $67.40 pivot
Cautions
- Not in an uptrend 1 of 8 trend conditions
- Lagging the market RS 28 · weaker than 72% of stocks over 12 months
- Distribution down-day volume 1.6× up-day volume over 50 sessions
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
17%
1wk
up 1.0%
price change
1mo
up 0.8%
price change
12-month return
down 4%
market up 11% ·
its own down 15%
F-score
—
— Not assessed
Altman Z
—
Unknown
P/E
39.4×
price / earnings
PEG
—
P/E / EPS growth
P/B
1.3×
price / book
Earnings yield
up 3.0%
EBIT / enterprise value
Cheaper than
—
of the market · not assessed
Revenue growth
up 16%
year on year
EPS growth
up 17%
latest quarter · +16 pts
Sales growth
up 17%
latest quarter · -0 pts
ROE
up 3%
return on equity
Free cash margin
up 70%
$504.1M FCF
D/E
0.53
long-term debt / equity
Net debt / EBITDA
5.7×
Interest cover
—EBIT / interest
Piotroski tests
Repair signals
- FCF turned positive ($-443M → $504M)
Trade setup
ATR%
1.9%
$1.31 a day · 2×ATR $64.46
RS
28 / 99
vs the universe
Trend
1 / 8
trend template
Relative volume
1.2×
vs 50-day average
Up/down volume
0.64
50 sessions
Implied move
—
no scheduled report
Contractions
2
21% → 5%
Pivot
$67.40
0.5% below
Volume dry-up
1.1×
10 vs 50 sessions
Trend template · 1 of 8
- Within 25% of the 52-week high: passes
Screen verdict
Did not qualify for any screen.
Warning signs
- Heavily indebted Net debt is 5.7 times EBITDA — roughly 6 years of earnings before interest, tax and depreciation to repay borrowings in full.
- Shareholders diluted The share count rose 11.9% over the year, from 107m to 120m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported
Oct 20, 2026
Results reaction
Oct 20, 2026-3% vs market2 sessions after results
Financials
- Net 28%
- Free cash 70%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $248.6M | $339.3M | $429.8M | $537.5M | $617.1M | $718.4M |
| Operating income | $133.1M | $190.3M | $218.1M | $254.4M | $302.2M | $340.4M |
| Net income | $91.4M | $122.3M | $152.4M | $170.0M | $189.2M | $204.3M |
| Net margin | 37% | 36% | 35% | 32% | 31% | 28% |
| Earnings per share | $1.74 | $1.82 | $1.93 | $1.78 | $1.86 | $1.84 |
| Free cash flow | -$1.2B | -$1.1B | -$1.2B | -$808.4M | -$442.5M | $504.1M |
| Free cash margin | -470% | -337% | -288% | -150% | -72% | 70% |
| Cash | $6.1M | $43.3M | $27.8M | $10.9M | $6.4M | $16.3M |
| Long-term debt | $1.2B | $1.7B | $2.0B | $2.4B | $2.8B | $3.3B |
| Shareholders' equity | $2.5B | $3.4B | $4.6B | $5.2B | $5.5B | $6.3B |
| Shares outstanding | 60.02m | 71.29m | 90.17m | 100.52m | 107.25m | 120.03m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 20, 2026 | Quarterly ↗ | Sep 30, 2026 | 20d |
| Jul 30, 2026 | Quarterly ↗ | Jun 30, 2026 | 30d |
| Apr 21, 2026 | Quarterly ↗ | Mar 31, 2026 | 21d |
| Feb 10, 2026 | Annual ↗ | Dec 31, 2025 | 41d |
| Oct 21, 2025 | Quarterly ↗ | Sep 30, 2025 | 21d |
| Jul 31, 2025 | Quarterly ↗ | Jun 30, 2025 | 31d |
| Apr 22, 2025 | Quarterly ↗ | Mar 31, 2025 | 22d |
| Feb 11, 2025 | Annual ↗ | Dec 31, 2024 | 42d |
| Oct 22, 2024 | Quarterly ↗ | Sep 30, 2024 | 22d |
| Jul 23, 2024 | Quarterly ↗ | Jun 30, 2024 | 23d |
| Apr 23, 2024 | Quarterly ↗ | Mar 31, 2024 | 23d |
| Feb 13, 2024 | Annual ↗ | Dec 31, 2023 | 44d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 20, 2026 | Results ↗ |
| Oct 2, 2026 | Other events ↗ |
| Sep 22, 2026 | Material agreement · New obligation · Other events ↗ |
| Jul 30, 2026 | Results ↗ |
| Jul 2, 2026 | Other events ↗ |
| May 14, 2026 | Shareholder vote ↗ |
| Apr 24, 2026 | Other events ↗ |
| Apr 21, 2026 | Results ↗ |
| Apr 2, 2026 | Other events ↗ |
| Feb 26, 2026 | Regulation FD ↗ |
| Feb 10, 2026 | Results ↗ |
| Jan 5, 2026 | Regulation FD · Other events ↗ |