Agree RealtyADC +1.28%90 Interest Coverage is 2.72 as of Mar. 2026, which is 15% below its 10-year median of 3.21. GuruFocus rates ADC with a GF Score™ of 90/100 and a GF Value™ of $77.97 (Fairly Valued). The stock has 9 warning signs investors should review. Among 701 REITs companies, Agree Realty ranks worse than 57.77% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Agree Realty's
Operating Income
for the
three
months ended in Mar. 2026 was $97.7 Mil. Agree Realty's Interest Expense for the
three
months ended in Mar. 2026 was $-36.0 Mil.
Agree Realty's interest coverage for the quarter that ended in Mar. 2026 was 2.72.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Agree Realty's Interest Coverage or its related term are showing as below:
ADC'
s Interest Coverage Range Over the Past 10 Years
Min: 2.58 Med: 3.21 Max: 3.51
Current: 2.59
ADC's Interest Coverage is ranked worse than 57.77% of 701
companies
in the REITs industry
Industry Median: 3.12
vs ADC: 2.59
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Agree Realty Interest Coverage Related Terms
Agree Realty Interest Coverage Historical Data
* Premium members only.
The historical data trend for Agree Realty's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
ADC vs NNN, BRX, FRT: Interest Coverage Comparison
For the REIT - Retail subindustry, Agree Realty's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Agree Realty's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Agree Realty's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (ADC) has a Interest Coverage of 2.72 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Agree Realty and its competitors. This is 15% below median its historical median of 3.21. Over the past decade, Agree Realty's Interest Coverage has ranged from 2.58 to 3.51. According to the industry distribution chart, Agree Realty ranks #405 out of 701 companies in the REITs industry, placing it in the top 57.8%.
Is Agree Realty's Interest Coverage too high?
Agree Realty's current Interest Coverage of 2.72 is 15% below median its 10-year median of 3.21. Over the past 10 years, this metric has ranged from a low of 2.58 to a high of 3.51. The REITs industry median Interest Coverage is 3.12. Agree Realty's value of 2.72 is 12.8% below this industry median. Based on the distribution chart, Agree Realty ranks #405 out of 701 companies in the REITs industry, which is below the industry midpoint. Overall, Agree Realty has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Agree Realty's Interest Coverage compare to NNN and BRX?
According to the REITs industry distribution chart, Agree Realty ranks #405 out of 701 companies for Interest Coverage. This places Agree Realty in the lower half of its industry. The industry median Interest Coverage is 3.12. Agree Realty's value of 2.72 is 12.8% below this benchmark. Historically, Agree Realty's own Interest Coverage has ranged from 2.58 to 3.51 over the past decade. While the company's 10-year median is 3.21 vs. the industry median of 3.12, 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 Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.12, based on 701 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Agree Realty's current Interest Coverage of 2.72 is 12.8% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Agree Realty and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agree Realty's current Interest Coverage is 2.72, which is 15% below median its own 10-year median of 3.21. 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 $77.97, compared to a current price of $75.32 — trading 3.4% below its estimated fair value. The current Interest Coverage is 2.72, which is 15% below median its 10-year median of 3.21 and 12.8% below the REITs industry median of 3.12. Agree Realty's overall GF Score™ is 90/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Agree Realty (ADC), the current Interest Coverage is 2.72 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 $75.32 is trading 3.4% below its estimated GF Value™ of $77.97.
GuruFocus considers Agree Realty to be Fairly Valued.
Key valuation signals for ADC:
Interest Coverage: 2.72 (15% below median its 10-year median of 3.21)
GF Value™: $77.97 vs. price of $75.32 (3.4% below fair value)
Industry Position: 12.8% below the REITs median (#405 of 701)
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.
90GF Score
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