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Agree RealtyMEX:ADC 89 Debt-to-Equity is 0.60 as of Mar. 2026, which is 13% above its 10-year median of 0.53. GuruFocus rates MEX:ADC with a GF Score™ of 89/100 and a GF Value™ of MXN1,081.39. The stock has 11 warning signs investors should review. Among 685 REITs companies, Agree Realty ranks better than 64.96% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Agree Realty's Debt-to-Equity or its related term are showing as below:
MEX:ADC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.53 Max: 0.76
Current: 0.6
During the past 13 years, the highest Debt-to-Equity Ratio of Agree Realty was 0.76. The lowest was 0.37. And the median was 0.53.
MEX:ADC's Debt-to-Equity is ranked better than 64.96% of 685
companies
in the REITs industry
Industry Median: 0.78
vs MEX:ADC: 0.60
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Agree Realty Debt-to-Equity Related Terms
Agree Realty Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Agree Realty's Debt-to-Equity 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.
MEX:ADC vs NNN, BRX, FRT: Debt-to-Equity Comparison
For the REIT - Retail subindustry, Agree Realty's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Agree Realty's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Agree Realty's Debt-to-Equity 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.
Agree Realty (MEX:ADC) has a Debt-to-Equity of 0.60 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Agree Realty and its competitors. This is 13% above median its historical median of 0.53. Over the past decade, Agree Realty's Debt-to-Equity has ranged from 0.37 to 0.76. According to the industry distribution chart, Agree Realty ranks #240 out of 685 companies in the REITs industry, placing it in the top 35%.
Is Agree Realty's Debt-to-Equity too high?
Agree Realty's current Debt-to-Equity of 0.60 is 13% above median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 0.76. The REITs industry median Debt-to-Equity is 0.78. Agree Realty's value of 0.60 is 23.1% below this industry median. Based on the distribution chart, Agree Realty ranks #240 out of 685 companies in the REITs industry, which is above the industry midpoint. Overall, Agree Realty has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Agree Realty's Debt-to-Equity compare to NNN and BRX?
According to the REITs industry distribution chart, Agree Realty ranks #240 out of 685 companies for Debt-to-Equity. This puts Agree Realty in the upper half of its industry. The industry median Debt-to-Equity is 0.78. Agree Realty's value of 0.60 is 23.1% below this benchmark. Historically, Agree Realty's own Debt-to-Equity has ranged from 0.37 to 0.76 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 0.78, 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-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 685 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Agree Realty's current Debt-to-Equity of 0.60 is 23.1% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Agree Realty and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agree Realty's current Debt-to-Equity is 0.60, which is 13% above median its own 10-year median of 0.53. 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?
Agree Realty (MEX:ADC) has a current Debt-to-Equity of 0.60. The stock's GF Value™ is MXN1,081.39, compared to a current price of MXN1,113.00 — trading 2.9% above its estimated fair value. The current Debt-to-Equity is 0.60, which is 13% above median its 10-year median of 0.53 and 23.1% below the REITs industry median of 0.78. Agree Realty's overall GF Score™ is 89/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Agree Realty (MEX:ADC), the current Debt-to-Equity is 0.60 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 (MEX:ADC) Overvalued in 2026?
Based on GuruFocus' analysis, Agree Realty stock appears to be overvalued.
The current stock price of MXN1,113.00 is trading 2.9% above its estimated GF Value™ of MXN1,081.39.
Key valuation signals for MEX:ADC:
Debt-to-Equity: 0.60 (13% above median its 10-year median of 0.53)
GF Value™: MXN1,081.39 vs. price of MXN1,113.00 (2.9% above fair value)
Industry Position: 23.1% below the REITs median (#240 of 685)
No single metric tells the full story. See the MEX: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.
89GF Score
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