Agree Realty Corporation (ADC)
Real Estate · NYQ
Price as at 1 Oct 2026, 20:15 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Agree Realty Corporation trades at $65.09, close to the $67.71 our fair value estimate puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 74 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 42.6 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
ADC dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $2.39 | 9 |
| 2025 | $3.08 | 12 |
| 2024 | $3.00 | 12 |
| 2023 | $2.92 | 12 |
| 2022 | $2.81 | 12 |
| 2021 | $2.60 | 12 |
| 2020 | $2.41 | 4 |
| 2019 | $2.28 | 4 |
| 2018 | $2.16 | 4 |
| 2017 | $2.02 | 4 |
| 2016 | $1.92 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
ADC earnings and analyst estimates
Recommendation mix, 20 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Agree Realty Corporation
Agree Realty Corporation is a publicly traded real estate investment trust. The Firm is Rethinking Retail through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of June 30, 2026, the Company owned and operated a portfolio of 2,825 properties, located in all 50 states and containing approximately 59.6 million square feet of gross leasable area. Agree Realty Corporation was incorporated in 1971 and is based in Royal Oak, United States.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
ADC passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
10 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Two Sigma, TWO SIGMA INVESTMENTS, LP$267.75M · 0.2% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$119.87M · 0.0% of book
- Paul Tudor Jones, TUDOR INVESTMENT CORP ET AL$55.02M · 0.1% of book
- Ken Griffin, CITADEL ADVISORS LLC$54.88M · 0.0% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$47.97M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in ADC
Trades in ADC disclosed by members of Congress and executive-branch officials, latest first:
- Josh Gottheimer · HouseSell · $1,001 - $15,000 · traded 1 Jun 2026 · disclosed 7 Jul 2026
- Gilbert Cisneros · HouseSell · $15,001 - $50,000 · traded 15 Jan 2026 · disclosed 13 Feb 2026
- Daniel Goldman · HouseSell · $1,001 - $15,000 · traded 12 Jul 2023 · disclosed 13 Aug 2023
- Gilbert Cisneros · HouseBuy · $1,001 - $15,000 · traded 29 Sept 2020 · disclosed 14 Oct 2020
- Gilbert Cisneros · HouseBuy · $1,001 - $15,000 · traded 30 Jul 2020 · disclosed 19 Aug 2020
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
ADC peers
The largest companies in the same industry (REIT - Retail), then in the same sector.
- KIM Kimco Realty Corporation
- REG Regency Centers Corporation
- FRT Federal Realty Investment Trust
- BRX Brixmor Property Group Inc.
- EPRT Essential Properties Realty Trust, Inc.
- KRG Kite Realty Group Trust
- PECO Phillips Edison & Company, Inc.
- CURB Curbline Properties Corp.
Every real estate company we cover is on the Real Estate hub.
Common questions
Is Agree Realty Corporation (ADC) undervalued?
Against our fair value estimate of $67.71, ADC at $65.09 is 4% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own ADC?
10 of the institutions we track reported a position in ADC in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is ADC's P/E ratio?
ADC trades at 42.6 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Agree Realty Corporation (ADC) pay a dividend?
Yes. Agree Realty Corporation yields 4.08% at the current share price. It has paid $3.17 per share over the trailing twelve months. It has paid a dividend in each of the last 32 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its ADC data?
Fundamentals for ADC come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 20:15 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for ADC, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.