ADC
Real EstateAgree Realty Corporation · REIT - Retail · $9B
What is Agree Realty Corporation?
Agree Realty Corporation is a mid-cap REIT focused on acquiring and developing net-leased retail properties across the United States, with a portfolio spanning dozens of states.
Agree Realty generates revenue through long-term net leases with industry-leading retail tenants, meaning tenants cover most property expenses. The company both acquires existing properties and develops new ones, targeting high-quality retail operators to anchor its portfolio.
Founded in 1994 and headquartered in Royal Oak, Michigan, Agree Realty has grown into a nationally recognized net-lease operator.
- Net-lease property acquisition
- Retail property development
- Portfolio management across 45 states
Is ADC a Good Stock to Buy?
UQS Score rates ADC as Below Average overall.
ADC's Quality pillar stands out as the clearest positive, reflecting the stability that net-lease structures typically provide. Growth registers as Neutral, suggesting the business is progressing but not at a pace that distinguishes it from peers.
Both the Moat and Risk pillars score Weak, pointing to limited competitive differentiation and meaningful risk factors that investors should weigh carefully.
See the exact pillar breakdown and full financial metrics by signing up for a Pro account at UQS Score. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does ADC pay dividends?
Yes — Agree Realty Corporation pays a dividend.
Agree Realty pays a regular dividend, consistent with its REIT structure, which requires distributing the majority of taxable income to shareholders. The dividend is a central part of ADC's investment case, appealing to income-focused investors seeking retail real estate exposure.
When does ADC report earnings?
Agree Realty reports earnings on a quarterly cadence, typical for US-listed REITs.
As a net-lease REIT, ADC's quarterly results center on occupancy levels, rent collection, and acquisition activity rather than traditional earnings metrics. Portfolio growth and tenant quality are the key themes investors monitor each reporting period.
For the most recent quarter's results, visit Agree Realty's investor relations page directly.
ADC Price History
+38.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Agree Realty Corporation?
Based on Agree Realty Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
Frequently Asked Questions
What does Agree Realty do?
Agree Realty acquires and develops retail properties leased on a net basis to established retail tenants. Tenants handle most property costs, providing the company with relatively predictable income across a large, geographically diversified portfolio.
Does ADC pay dividends?
Yes. As a REIT, Agree Realty is required to distribute most of its taxable income and pays a regular dividend. Income-focused investors often consider ADC for this reason, though dividend sustainability depends on occupancy and tenant health.
When does ADC report earnings?
Agree Realty follows a standard quarterly reporting schedule. Specific upcoming dates are not confirmed in our data — check the company's investor relations page for the latest schedule.
Is ADC a good stock to buy?
ADC's UQS Score rates it Below Average, driven by Weak Moat and Risk pillars despite a Good Quality score. Whether it fits your portfolio depends on your income goals and risk tolerance. The full pillar breakdown is available to Pro members.
Is ADC overvalued?
ADC's Valuation pillar is rated Neutral, suggesting pricing is neither clearly stretched nor deeply discounted relative to its fundamentals. Pro members can view the detailed valuation metrics behind this assessment.
What is ADC's market cap bracket?
Agree Realty is classified as a mid-cap company, placing it between smaller regional REITs and the largest institutional-scale real estate operators in the net-lease space.
Is ADC a long-term quality investment?
From a quality standpoint, ADC scores Good on that pillar, reflecting the structural stability of net leases. However, Weak Moat and Risk scores temper the long-term quality picture. UQS Score is designed to help investors assess exactly this kind of multi-dimensional question.
What sector does ADC belong to?
Agree Realty operates in the Real Estate sector, specifically within the net-lease REIT segment. Net-lease REITs are known for income generation but vary widely in tenant quality, portfolio concentration, and competitive positioning.
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Pro Analysis
ADC — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 47.1 | 58.4 | 32.0 | 55.8 | 39.3 | 49.7 | 0.0 |
| May 22, 2026 | 47.1 | 58.3 | 32.0 | 55.8 | 39.3 | 49.5 | -0.3 |
| May 21, 2026 | 47.4 | 58.3 | 32.0 | 56.2 | 39.3 | 51.2 | 0.0 |
| May 20, 2026 | 47.4 | 58.3 | 32.0 | 56.2 | 39.3 | 51.1 | 0.0 |
| May 19, 2026 | 47.4 | 58.4 | 32.0 | 56.2 | 39.3 | 51.2 | -0.1 |
| May 17, 2026 | 47.5 | 58.4 | 32.0 | 56.2 | 39.3 | 51.9 | 0.0 |
| May 16, 2026 | 47.5 | 58.4 | 32.0 | 56.2 | 39.3 | 51.8 | +0.1 |
| May 15, 2026 | 47.4 | 58.4 | 32.0 | 56.0 | 39.3 | 51.1 | 0.0 |
| May 14, 2026 | 47.4 | 58.4 | 32.0 | 56.0 | 39.3 | 51.2 | +0.1 |
| May 13, 2026 | 47.3 | 58.3 | 32.0 | 56.0 | 39.3 | 50.6 | 0.0 |
ADC — Pillar Breakdown
Quality
— 58.4/100 (25%)Agree Realty Corporation shows solid profitability with healthy returns on capital and reasonable margins.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 55.8/100 (20%)Agree Realty Corporation demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 39.3/100 (15%)Agree Realty Corporation has some risk factors including moderate leverage or solvency concerns.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 47.9/100 (15%)Agree Realty Corporation has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 32/100 (25%)Agree Realty Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ADC.
Score Composition
Financial Data
More Stock Analysis
How is the ADC UQS Score Calculated?
The UQS (Unified Quality Score) for Agree Realty Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Agree Realty Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Agree Realty Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.