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Agree RealtyADC -0.45%91 Debt-to-EBITDA is 5.33 as of Mar. 2026, which is 2% above its 10-year median of 5.24. GuruFocus rates ADC with a GF Score™ of 91/100 and a GF Value™ of $78.24 (Fairly Valued). The stock has 11 warning signs investors should review. Among 578 REITs companies, Agree Realty ranks better than 56.57% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Agree Realty's Debt-to-EBITDA or its related term are showing as below:
ADC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.05 Med: 5.24 Max: 5.85
Current: 5.78
During the past 13 years, the highest Debt-to-EBITDA Ratio of Agree Realty was 5.85. The lowest was 5.05. And the median was 5.24.
ADC's Debt-to-EBITDA is ranked better than 56.57% of 578
companies
in the REITs industry
Industry Median: 6.49
vs ADC: 5.78
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Agree Realty Debt-to-EBITDA Related Terms
Agree Realty Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Agree Realty's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Retail subindustry, Agree Realty's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Agree Realty Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Agree Realty's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Agree Realty's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Agree Realty (ADC) has a Debt-to-EBITDA of 5.33 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Agree Realty. This is near median its historical median of 5.24. Over the past decade, Agree Realty's Debt-to-EBITDA has ranged from 5.05 to 5.85. According to the industry distribution chart, Agree Realty ranks #251 out of 578 companies in the REITs industry, placing it in the top 43.4%.
Is Agree Realty's Debt-to-EBITDA too high?
Agree Realty's current Debt-to-EBITDA of 5.33 is near median its 10-year median of 5.24. Over the past 10 years, this metric has ranged from a low of 5.05 to a high of 5.85. The REITs industry median Debt-to-EBITDA is 6.49. Agree Realty's value of 5.33 is 17.9% below this industry median. Based on the distribution chart, Agree Realty ranks #251 out of 578 companies in the REITs industry, which is above the industry midpoint. Overall, Agree Realty has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Agree Realty's Debt-to-EBITDA compare to NNN and BRX?
According to the REITs industry distribution chart, Agree Realty ranks #251 out of 578 companies for Debt-to-EBITDA. This puts Agree Realty in the upper half of its industry. The industry median Debt-to-EBITDA is 6.49. Agree Realty's value of 5.33 is 17.9% below this benchmark. Historically, Agree Realty's own Debt-to-EBITDA has ranged from 5.05 to 5.85 over the past decade. While the company's 10-year median is 5.24 vs. the industry median of 6.49, Agree Realty has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.49, based on 578 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Agree Realty's current Debt-to-EBITDA of 5.33 is 17.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Agree Realty. For the REITs industry, the median Debt-to-EBITDA is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agree Realty's current Debt-to-EBITDA is 5.33, which is near median its own 10-year median of 5.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agree Realty stock overvalued right now?
Based on GuruFocus' analysis, Agree Realty (ADC) is currently considered Fairly Valued. The stock's GF Value™ is $78.24, compared to a current price of $77.64 — trading 0.8% below its estimated fair value. The current Debt-to-EBITDA is 5.33, which is near median its 10-year median of 5.24 and 17.9% below the REITs industry median of 6.49. Agree Realty's overall GF Score™ is 91/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Agree Realty (ADC), the current Debt-to-EBITDA is 5.33 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Agree Realty (ADC) Overvalued in 2026?
Based on GuruFocus' analysis, Agree Realty stock appears to be undervalued.
The current stock price of $77.64 is trading 0.8% below its estimated GF Value™ of $78.24.
GuruFocus considers Agree Realty to be Fairly Valued.
Key valuation signals for ADC:
Debt-to-EBITDA: 5.33 (near median its 10-year median of 5.24)
GF Value™: $78.24 vs. price of $77.64 (0.8% below fair value)
Industry Position: 17.9% below the REITs median (#251 of 578)
No single metric tells the full story. See the ADC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.
91GF Score
Get the complete analysis for ADC
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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