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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 0.01
ADC's Cash-to-Debt is ranked lower than
88% of the 667 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.06 vs. ADC: 0.01 )
Ranked among companies with meaningful Cash-to-Debt only.
ADC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0  Med: 0.01 Max: N/A
Current: 0.01
Equity-to-Asset 0.59
ADC's Equity-to-Asset is ranked higher than
65% of the 703 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.52 vs. ADC: 0.59 )
Ranked among companies with meaningful Equity-to-Asset only.
ADC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.2  Med: 0.52 Max: 0.67
Current: 0.59
0.2
0.67
Interest Coverage 3.44
ADC's Interest Coverage is ranked lower than
54% of the 678 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.74 vs. ADC: 3.44 )
Ranked among companies with meaningful Interest Coverage only.
ADC' s Interest Coverage Range Over the Past 10 Years
Min: 2.54  Med: 3.82 Max: 4.44
Current: 3.44
2.54
4.44
Piotroski F-Score: 7
Altman Z-Score: 1.98
Beneish M-Score: -1.83
WACC vs ROIC
3.76%
5.57%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating Margin % 55.63
ADC's Operating Margin % is ranked higher than
57% of the 708 Companies
in the Global REIT - Retail industry.

( Industry Median: 49.14 vs. ADC: 55.63 )
Ranked among companies with meaningful Operating Margin % only.
ADC' s Operating Margin % Range Over the Past 10 Years
Min: 32.11  Med: 56.81 Max: 60.19
Current: 55.63
32.11
60.19
Net Margin % 53.37
ADC's Net Margin % is ranked higher than
63% of the 709 Companies
in the Global REIT - Retail industry.

( Industry Median: 39.19 vs. ADC: 53.37 )
Ranked among companies with meaningful Net Margin % only.
ADC' s Net Margin % Range Over the Past 10 Years
Min: 31.56  Med: 47.25 Max: 55.77
Current: 53.37
31.56
55.77
ROE % 8.87
ADC's ROE % is ranked higher than
63% of the 713 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.53 vs. ADC: 8.87 )
Ranked among companies with meaningful ROE % only.
ADC' s ROE % Range Over the Past 10 Years
Min: 5.75  Med: 9.86 Max: 12.65
Current: 8.87
5.75
12.65
ROA % 5.11
ADC's ROA % is ranked higher than
68% of the 718 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.20 vs. ADC: 5.11 )
Ranked among companies with meaningful ROA % only.
ADC' s ROA % Range Over the Past 10 Years
Min: 3.3  Med: 5.48 Max: 6.69
Current: 5.11
3.3
6.69
ROC (Joel Greenblatt) % 6.14
ADC's ROC (Joel Greenblatt) % is ranked lower than
61% of the 592 Companies
in the Global REIT - Retail industry.

( Industry Median: 12.00 vs. ADC: 6.14 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
ADC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.37  Med: 6.56 Max: 9.08
Current: 6.14
3.37
9.08
3-Year Revenue Growth Rate 6.40
ADC's 3-Year Revenue Growth Rate is ranked higher than
70% of the 509 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.50 vs. ADC: 6.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
ADC' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -12.6  Med: 0 Max: 19.1
Current: 6.4
-12.6
19.1
3-Year EBITDA Growth Rate 7.20
ADC's 3-Year EBITDA Growth Rate is ranked higher than
58% of the 467 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.60 vs. ADC: 7.20 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
ADC' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: -2.15 Max: 17.5
Current: 7.2
0
17.5
3-Year EPS without NRI Growth Rate 12.10
ADC's 3-Year EPS without NRI Growth Rate is ranked higher than
61% of the 413 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.90 vs. ADC: 12.10 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
ADC' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -34.7  Med: 2.9 Max: 35.7
Current: 12.1
-34.7
35.7
GuruFocus has detected 9 Warning Signs with Agree Realty Corp $ADC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» ADC's 30-Y Financials

Financials (Next Earnings Date: 2017-07-24 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

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Business Description

Industry: REITs » REIT - Retail    NAICS: 531120    SIC: 6798
Compare:NYSE:BFS, OTCPK:SCPAF, OTCPK:IARE, NYSE:CBL, NYSE:WPG, NYSE:RPT, OTCPK:PPRQF, NYSE:KRG, NYSE:GTY, NYSE:PEI, NYSE:UBA, NYSE:AAT, OTCPK:SRRTF, NYSE:WSR, NYSE:CDR, NAS:ROIC, NYSE:ALX, NYSE:AKR, NYSE:SRG, NAS:WHLR » details
Traded in other countries:AGL.Germany,
Headquarter Location:USA
Agree Realty Corp is a fully-integrated, self-administered and self-managed REIT. It is engaged in the ownership, development, acquisition and management of retail properties net leased to national tenants.

Agree Realty Corp operates as a real estate investment trust in the United States. Functioning through its general partner, Agree Limited Partnership, it acquires and develops retail properties throughout the country. Its portfolio is comprised of nearly 250 properties rented out to primarily a chain of drug stores held by Walgreens Boot Alliance, Inc. The company's objective is to aggregate consistent shareholder's return by managing its portfolio of retail properties.

Guru Investment Theses on Agree Realty Corp

Mairs & Power Comments on Agree - Nov 23, 2016

As interest rates declined, Agree (NYSE:ADC)’s 4%+ dividend looked quite attractive to the market, benefiting the stock. Looking forward, we also believe Agree has a well-positioned commercial real estate portfolio with smaller footprints in high-traffic urban areas.



From Mairs & Power's Small Cap Fund third quarter 2016 commentary.



Check out Mairs and Power latest stock trades

Top Ranked Articles about Agree Realty Corp

Agree Realty Corporation Announces Exercise Of Underwriters' Overallotment Option And Subsequent Closing Of Public Offering Of Common Stock
Agree Realty Announces Pricing Of Common Stock Offering
Agree Realty Announces Common Stock Offering
Agree Realty Increases its 2017 Guidance and Provides Update on Investment Activity
Agree Realty Declares Increased Quarterly Cash Dividend
Mairs & Power Comments on Agree Guru stock highlight
As interest rates declined, Agree (NYSE:ADC)’s 4%+ dividend looked quite attractive to the market, benefiting the stock. Looking forward, we also believe Agree has a well-positioned commercial real estate portfolio with smaller footprints in high-traffic urban areas. Read more...

Ratios

vs
industry
vs
history
PE Ratio 21.94
ADC's PE Ratio is ranked lower than
63% of the 626 Companies
in the Global REIT - Retail industry.

( Industry Median: 17.32 vs. ADC: 21.94 )
Ranked among companies with meaningful PE Ratio only.
ADC' s PE Ratio Range Over the Past 10 Years
Min: 5.25  Med: 18.06 Max: 88.21
Current: 21.94
5.25
88.21
PE Ratio without NRI 21.94
ADC's PE Ratio without NRI is ranked lower than
64% of the 622 Companies
in the Global REIT - Retail industry.

( Industry Median: 17.55 vs. ADC: 21.94 )
Ranked among companies with meaningful PE Ratio without NRI only.
ADC' s PE Ratio without NRI Range Over the Past 10 Years
Min: 5.33  Med: 18.66 Max: 53.58
Current: 21.94
5.33
53.58
PB Ratio 1.81
ADC's PB Ratio is ranked lower than
82% of the 704 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.12 vs. ADC: 1.81 )
Ranked among companies with meaningful PB Ratio only.
ADC' s PB Ratio Range Over the Past 10 Years
Min: 0.63  Med: 1.55 Max: 2.16
Current: 1.81
0.63
2.16
PS Ratio 11.70
ADC's PS Ratio is ranked lower than
81% of the 671 Companies
in the Global REIT - Retail industry.

( Industry Median: 7.66 vs. ADC: 11.70 )
Ranked among companies with meaningful PS Ratio only.
ADC' s PS Ratio Range Over the Past 10 Years
Min: 2.26  Med: 7.97 Max: 12.81
Current: 11.7
2.26
12.81
Price-to-Operating-Cash-Flow 19.20
ADC's Price-to-Operating-Cash-Flow is ranked lower than
72% of the 588 Companies
in the Global REIT - Retail industry.

( Industry Median: 15.62 vs. ADC: 19.20 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
ADC' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 3.59  Med: 11.85 Max: 23.69
Current: 19.2
3.59
23.69
EV-to-EBIT 32.42
ADC's EV-to-EBIT is ranked lower than
69% of the 652 Companies
in the Global REIT - Retail industry.

( Industry Median: 20.57 vs. ADC: 32.42 )
Ranked among companies with meaningful EV-to-EBIT only.
ADC' s EV-to-EBIT Range Over the Past 10 Years
Min: 5.7  Med: 21.25 Max: 58.2
Current: 32.42
5.7
58.2
EV-to-EBITDA 22.11
ADC's EV-to-EBITDA is ranked lower than
67% of the 668 Companies
in the Global REIT - Retail industry.

( Industry Median: 17.06 vs. ADC: 22.11 )
Ranked among companies with meaningful EV-to-EBITDA only.
ADC' s EV-to-EBITDA Range Over the Past 10 Years
Min: 4.6  Med: 15.4 Max: 26.9
Current: 22.11
4.6
26.9
PEG Ratio 3.84
ADC's PEG Ratio is ranked lower than
63% of the 242 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.23 vs. ADC: 3.84 )
Ranked among companies with meaningful PEG Ratio only.
ADC' s PEG Ratio Range Over the Past 10 Years
Min: 1.17  Med: 6.55 Max: 89.1
Current: 3.84
1.17
89.1
Shiller PE Ratio 24.95
ADC's Shiller PE Ratio is ranked higher than
50% of the 204 Companies
in the Global REIT - Retail industry.

( Industry Median: 25.45 vs. ADC: 24.95 )
Ranked among companies with meaningful Shiller PE Ratio only.
ADC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5  Med: 14.44 Max: 27.43
Current: 24.95
5
27.43
Current Ratio 0.68
ADC's Current Ratio is ranked lower than
60% of the 669 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.95 vs. ADC: 0.68 )
Ranked among companies with meaningful Current Ratio only.
ADC' s Current Ratio Range Over the Past 10 Years
Min: 0.01  Med: 0.41 Max: 1.98
Current: 0.68
0.01
1.98
Quick Ratio 0.68
ADC's Quick Ratio is ranked lower than
56% of the 669 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.87 vs. ADC: 0.68 )
Ranked among companies with meaningful Quick Ratio only.
ADC' s Quick Ratio Range Over the Past 10 Years
Min: 0.01  Med: 0.41 Max: 1.98
Current: 0.68
0.01
1.98
Days Sales Outstanding 48.74
ADC's Days Sales Outstanding is ranked lower than
77% of the 512 Companies
in the Global REIT - Retail industry.

( Industry Median: 18.36 vs. ADC: 48.74 )
Ranked among companies with meaningful Days Sales Outstanding only.
ADC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 8.15  Med: 21.93 Max: 48.74
Current: 48.74
8.15
48.74

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 4.14
ADC's Dividend Yield % is ranked lower than
69% of the 923 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.08 vs. ADC: 4.14 )
Ranked among companies with meaningful Dividend Yield % only.
ADC' s Dividend Yield % Range Over the Past 10 Years
Min: 3.7  Med: 6.11 Max: 19.05
Current: 4.14
3.7
19.05
Dividend Payout Ratio 0.90
ADC's Dividend Payout Ratio is ranked lower than
53% of the 732 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.85 vs. ADC: 0.90 )
Ranked among companies with meaningful Dividend Payout Ratio only.
ADC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.85  Med: 1.12 Max: 3.64
Current: 0.9
0.85
3.64
3-Year Dividend Growth Rate 5.40
ADC's 3-Year Dividend Growth Rate is ranked higher than
61% of the 400 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.00 vs. ADC: 5.40 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
ADC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -7.5  Med: 0.7 Max: 13.5
Current: 5.4
-7.5
13.5
Forward Dividend Yield % 4.29
ADC's Forward Dividend Yield % is ranked lower than
73% of the 918 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.35 vs. ADC: 4.29 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 5.09
ADC's 5-Year Yield-on-Cost % is ranked lower than
65% of the 922 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.88 vs. ADC: 5.09 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
ADC' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 4.52  Med: 7.47 Max: 23.29
Current: 5.09
4.52
23.29
3-Year Average Share Buyback Ratio -20.70
ADC's 3-Year Average Share Buyback Ratio is ranked lower than
83% of the 432 Companies
in the Global REIT - Retail industry.

( Industry Median: -5.30 vs. ADC: -20.70 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
ADC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -21.7  Med: -12.55 Max: -0.4
Current: -20.7
-21.7
-0.4

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.27
ADC's Price-to-Tangible-Book is ranked lower than
86% of the 696 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.15 vs. ADC: 2.27 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
ADC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.94  Med: 1.66 Max: 2.51
Current: 2.27
0.94
2.51
Price-to-Median-PS-Value 1.47
ADC's Price-to-Median-PS-Value is ranked lower than
82% of the 570 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.08 vs. ADC: 1.47 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
ADC' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.32  Med: 0.73 Max: 1.55
Current: 1.47
0.32
1.55
Price-to-Peter-Lynch-Fair-Value 3.20
ADC's Price-to-Peter-Lynch-Fair-Value is ranked lower than
74% of the 135 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.54 vs. ADC: 3.20 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
ADC' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.35  Med: 1.43 Max: 4.5
Current: 3.2
0.35
4.5
Price-to-Graham-Number 1.49
ADC's Price-to-Graham-Number is ranked lower than
77% of the 555 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.93 vs. ADC: 1.49 )
Ranked among companies with meaningful Price-to-Graham-Number only.
ADC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.58  Med: 1.1 Max: 1.84
Current: 1.49
0.58
1.84
Earnings Yield (Greenblatt) % 3.08
ADC's Earnings Yield (Greenblatt) % is ranked lower than
62% of the 725 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.46 vs. ADC: 3.08 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
ADC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1.7  Med: 4.7 Max: 17.4
Current: 3.08
1.7
17.4
Forward Rate of Return (Yacktman) % -9.46
ADC's Forward Rate of Return (Yacktman) % is ranked lower than
80% of the 397 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.52 vs. ADC: -9.46 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
ADC' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -17.2  Med: -4.7 Max: 6.1
Current: -9.46
-17.2
6.1

More Statistics

Revenue (TTM) (Mil) $97.86
EPS (TTM) $ 2.15
Beta0.24
Short Percentage of Float3.67%
52-Week Range $41.01 - 51.50
Shares Outstanding (Mil)28.64
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More From Other Websites
Agree Realty Corporation Announces Exercise Of Underwriters' Overallotment Option And Subsequent... Jun 16 2017
Agree Realty Announces Pricing Of Common Stock Offering Jun 13 2017
Agree Realty Announces Common Stock Offering Jun 12 2017
Agree Realty Corp. breached its 50 day moving average in a Bullish Manner : ADC-US : June 12, 2017 Jun 12 2017
Agree Realty Increases its 2017 Guidance and Provides Update on Investment Activity Jun 05 2017
Agree Realty Declares Increased Quarterly Cash Dividend May 22 2017
Agree Realty Corp. breached its 50 day moving average in a Bearish Manner : ADC-US : May 1, 2017 May 01 2017
Agree Realty reports 1Q results Apr 24 2017
Agree Realty Corporation Reports First Quarter 2017 Results Apr 24 2017
Agree Realty Corp. : ADC-US: Dividend Analysis : March 31st, 2017 (record date) : By the numbers :... Apr 11 2017
Agree Realty Corp. breached its 50 day moving average in a Bullish Manner : ADC-US : April 7, 2017 Apr 07 2017
Agree Realty Announces First Quarter 2017 Earnings Release Date and Conference Call Information Mar 27 2017
Agree Realty Corp. :ADC-US: Earnings Analysis: 2016 By the Numbers : March 2, 2017 Mar 02 2017
Agree Realty Declares Quarterly Cash Dividend Feb 28 2017
Agree Realty Corporation Reports Fourth Quarter And Full Year 2016 Results Feb 23 2017
Agree Realty Corp. : ADC-US: Dividend Analysis : December 23rd, 2016 (record date) : By the numbers... Feb 07 2017
Agree Realty Announces Fourth Quarter 2016 Earnings Release Date and Conference Call Information Jan 18 2017
Agree Realty Announces Record 2016 Investment Activity And Provides 2017 Guidance Jan 05 2017
Agree Realty Corp. breached its 50 day moving average in a Bullish Manner : ADC-US : January 2, 2017 Jan 02 2017

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