Added to YB: 2025-06-27
Pitch date: 2025-05-11
ADC [bullish]
Agree Realty Corporation
+6.09%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$9.0B
Pitch Price
$71.34
Price Target
N/A
Dividend
4.18%
EV/EBITDA
19.79
P/E
40.59
EV/Sales
17.16
Sector
Retail REITs
Category
dividend
Agree Realty Corporation - $ADC
ADC: Net lease REIT with 2,422 properties across 49 states, 68% investment-grade tenants. Q1 revenue +24% YoY to $169.2M, AFFO +3.9% to $1.06/share. 2025 guidance: $4.27-$4.30 AFFO/share. 4.1% yield, 75% payout ratio. Trades 17.5x 2025E AFFO vs peers at 12-14x. Premium justified by tenant quality, 5x debt/EBITDA. $1.3-1.5B 2025 investments at 7.2% cap rates.
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