Agree RealtyMEX:ADC 90 Operating Margin % is 48.67% as of Mar. 2026, which is 7% below its 10-year median of 52.10. GuruFocus rates MEX:ADC with a GF Score™ of 90/100 and a GF Value™ of MXN1,126.58. The stock has 10 warning signs investors should review. Among 750 REITs companies, Agree Realty ranks worse than 58% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Agree Realty's Operating Income for the
three
months ended in Mar. 2026 was MXN1,762 Mil. Agree Realty's Revenue for the
three
months ended in Mar. 2026 was MXN3,621 Mil. Therefore, Agree Realty's Operating Margin % for the quarter that ended in Mar. 2026 was 48.67%.
Warning Sign:
Agree Realty Corp operating margin has been in a 5-year decline. The average rate of decline per year is -1.8%.
The historical rank and industry rank for Agree Realty's Operating Margin % or its related term are showing as below:
MEX:ADC'
s Operating Margin % Range Over the Past 10 Years
Min: 48.29 Med: 52.1 Max: 56.46
Current: 48.31
MEX:ADC's Operating Margin % is ranked worse than 58% of 750
companies
in the REITs industry
Industry Median: 52.63
vs MEX:ADC: 48.31
Agree Realty's 5-Year Average Operating Margin % Growth Rate was -1.80% per year.
Agree Realty's Operating Income for the
three
months ended in Mar. 2026 was MXN1,762 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN6,626 Mil.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Agree Realty Operating Margin % Related Terms
Agree Realty Operating Margin % Historical Data
* Premium members only.
The historical data trend for Agree Realty's Operating Margin % 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: Operating Margin % Comparison
For the REIT - Retail subindustry, Agree Realty's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Agree Realty's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Agree Realty's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Agree Realty's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Operating Margin % of 48.67% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Agree Realty and its competitors. This is near median its historical median of 52.10. Over the past decade, Agree Realty's Operating Margin % has ranged from 48.29 to 56.46. According to the industry distribution chart, Agree Realty ranks #435 out of 750 companies in the REITs industry, placing it in the top 58%.
Is Agree Realty's Operating Margin % too high?
Agree Realty's current Operating Margin % of 48.67% is near median its 10-year median of 52.10. Over the past 10 years, this metric has ranged from a low of 48.29 to a high of 56.46. The REITs industry median Operating Margin % is 52.63. Agree Realty's value of 48.67% is 7.5% below this industry median. Based on the distribution chart, Agree Realty ranks #435 out of 750 companies in the REITs industry, which is below the industry midpoint. Overall, Agree Realty has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Agree Realty's Operating Margin % compare to NNN and BRX?
According to the REITs industry distribution chart, Agree Realty ranks #435 out of 750 companies for Operating Margin %. This places Agree Realty in the lower half of its industry. The industry median Operating Margin % is 52.63. Agree Realty's value of 48.67% is 7.5% below this benchmark. Historically, Agree Realty's own Operating Margin % has ranged from 48.29 to 56.46 over the past decade. While the company's 10-year median is 52.10 vs. the industry median of 52.63, 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 Operating Margin % for a REITs company?
The median Operating Margin % among REITs companies is 52.63, based on 750 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Agree Realty's current Operating Margin % of 48.67% is 7.5% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Agree Realty and its competitors. For the REITs industry, the median Operating Margin % is 52.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agree Realty's current Operating Margin % is 48.67%, which is near median its own 10-year median of 52.10. 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 Operating Margin % of 48.67%. The stock's GF Value™ is MXN1,126.58, compared to a current price of MXN1,113.00 — trading 1.2% below its estimated fair value. The current Operating Margin % is 48.67%, which is near median its 10-year median of 52.10 and 7.5% below the REITs industry median of 52.63. Agree Realty's overall GF Score™ is 90/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Agree Realty (MEX:ADC), the current Operating Margin % is 48.67% 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 undervalued.
The current stock price of MXN1,113.00 is trading 1.2% below its estimated GF Value™ of MXN1,126.58.
Key valuation signals for MEX:ADC:
Operating Margin %: 48.67% (near median its 10-year median of 52.10)
GF Value™: MXN1,126.58 vs. price of MXN1,113.00 (1.2% below fair value)
Industry Position: 7.5% below the REITs median (#435 of 750)
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.
90GF Score
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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