Agree Realty (NYSE:ADC) Posts Earnings Results, Beats Estimates By $0.68 EPS

Agree Realty (NYSE:ADC) announced its earnings results on Tuesday. The real estate investment trust reported $1.15 EPS for the quarter, beating the consensus estimate of $0.47 by $0.68, Briefing.com reports. The company had revenue of $213.88 million for the quarter, compared to analyst estimates of $211.52 million. Agree Realty had a return on equity of 4.09% and a net margin of 29.75%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 EPS.

Agree Realty Stock Performance

NYSE:ADC opened at $64.41 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 0.82. Agree Realty has a 52-week low of $64.34 and a 52-week high of $82.08. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 2.25 and a beta of 0.42. The business’s fifty day moving average is $69.71 and its 200 day moving average is $74.12.

Agree Realty Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.2710 per share. This represents a $3.25 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, October 30th. This is a positive change from Agree Realty’s previous monthly dividend of $0.2670. Agree Realty’s payout ratio is presently 167.53%.

Insider Transactions at Agree Realty

In other news, CEO Joey Agree purchased 7,360 shares of the stock in a transaction on Wednesday, September 16th. The shares were acquired at an average price of $68.06 per share, for a total transaction of $500,921.60. Following the completion of the transaction, the chief executive officer directly owned 682,465 shares of the company’s stock, valued at approximately $46,448,567.90. This trade represents a 1.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Craig Erlich bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was purchased at an average price of $67.55 per share, with a total value of $67,550.00. Following the transaction, the insider directly owned 60,388 shares in the company, valued at $4,079,209.40. The trade was a 1.68% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 48,496 shares of company stock valued at $3,418,670. 1.80% of the stock is currently owned by corporate insiders.

Agree Realty News Summary

Here are the key news stories impacting Agree Realty this week:

• Positive Sentiment: Raised AFFO guidance and beat estimates: Third-quarter FFO/AFFO was $1.15 per share, ahead of the $1.14 consensus, while revenue rose 16.7% year over year to $213.9 million. ADC raised its 2026 earnings/AFFO-per-share guidance to approximately $4.58-$4.59, above the $4.45 consensus. Agree Realty Beats Q3 FFO and Revenue Estimates
• Positive Sentiment: Portfolio occupancy remains exceptionally high: The retail net-lease portfolio was approximately 99.8% leased at quarter-end, across 2,888 properties, indicating resilient tenant demand and predictable rental cash flow. Agree Realty: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Strong liquidity supports expansion: ADC reported roughly $2.0 billion of liquidity and invested $357.7 million in 94 properties during the quarter, while its monthly dividend remained $0.267 per share. Agree Realty Reports Third-Quarter Net Income
• Neutral Sentiment: Management emphasized disciplined growth: The company completed a $400 million senior-notes offering and raised $425.7 million through forward-equity shares, providing funding capacity but also increasing investors’ focus on financing costs and potential dilution. Agree Realty Earnings Call Highlights Disciplined Growth
• Negative Sentiment: Investment-volume guidance was reduced: ADC lowered its 2026 investment-volume outlook to $1.6 billion, raising concerns that acquisition growth may be slower than previously expected. Agree Realty: 3 Key Takeaways for Long-Term Investors
• Negative Sentiment: Analysts trimmed price targets: BNP Paribas Exane lowered its target to $74 and Wells Fargo reduced its target to $79. Baird also cut its target modestly to $76, although it retained an outperform rating. The revisions suggest more cautious expectations despite ADC’s earnings beat. BNP Paribas Exane Lowers Agree Realty Price Target

Wall Street Analyst Weigh In

ADC has been the topic of a number of analyst reports. BNP Paribas Exane dropped their price target on shares of Agree Realty from $84.00 to $74.00 and set a “neutral” rating on the stock in a research report on Wednesday. Huntington started coverage on Agree Realty in a research note on Wednesday, July 15th. They set an “outperform” rating and a $84.00 price target for the company. Stifel Nicolaus decreased their price objective on Agree Realty from $81.50 to $76.50 and set a “buy” rating for the company in a report on Wednesday. Weiss Ratings lowered Agree Realty from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, Robert W. Baird lowered their price objective on Agree Realty from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Agree Realty presently has an average rating of “Moderate Buy” and a consensus price target of $80.82.

About Agree Realty

Agree Realty Corporation is a real estate investment trust (REIT) that acquires, develops, and manages retail properties across the United States. The company primarily uses a net-lease structure, under which tenants generally are responsible for property-level operating expenses such as taxes, insurance, and maintenance.

Its portfolio is focused mainly on essential retail properties occupied by nationally recognized and regional tenants, including grocery stores, home improvement retailers, dollar stores, pharmacies, and other necessity-based businesses.