ADC (Agree Realty) Price-to-Funds-From-Operations: 16.03 (As of Sep. 04, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ADC Agree Realty Corp ADC
90 GF Score
Price $72.73
GF Value $79.07
Valuation Fairly Valued
! 6 Warning Signs
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What is Agree Realty Price-to-Funds-From-Operations?

Agree Realty ADC +0.14% 90 Price-to-Funds-From-Operations is 16.03 as of Sep. 04, 2026. GuruFocus rates ADC with a GF Score™ of 90/100 and a GF Value™ of $79.07 (Fairly Valued). The stock has 6 warning signs investors should review.

As of today (2026-09-04), Agree Realty's share price is $72.73. Agree Realty's FFO per Share for the trailing twelve months (TTM) ended in Jun. 2026 was $4.54. Hence, Agree Realty's Price-to-Funds-From-Operations Ratio for today is 16.03.


Agree Realty  (NYSE:ADC) Price-to-Funds-From-Operations Explanation

For common stocks, investors use PE ratio, Price to Earnings raio to compare the valuation of different companies. Price-to-Funds-From-Operations ratio is a comparable measure used in the REIT industry. It's a better way to assess whether a REIT is expensive or cheap relative to peers.


Agree Realty Price-to-Funds-From-Operations Related Terms


Agree Realty Price-to-Funds-From-Operations Historical Data

* Premium members only.

The historical data trend for Agree Realty's Price-to-Funds-From-Operations 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.

Agree Realty Price-to-Funds-From-Operations Chart

Agree Realty Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Price-to-Funds-From-Operations
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.54 16.47 15.86 16.57 16.10

Agree Realty Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Price-to-Funds-From-Operations Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.36 16.01 16.06 16.33 16.42

ADC vs BRX, NNN, FRT: Price-to-Funds-From-Operations Comparison

For the REIT - Retail subindustry, Agree Realty's Price-to-Funds-From-Operations, along with its competitors' market caps and Price-to-Funds-From-Operations 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 Price-to-Funds-From-Operations vs REITs Industry

For the REITs industry and Real Estate sector, Agree Realty's Price-to-Funds-From-Operations distribution charts can be found below:

* The bar in red indicates where Agree Realty's Price-to-Funds-From-Operations falls into.


ADC
90GF Score
Agree Realty Corp ADC
Price-to-Funds-From-Operations is just one metric. See GF Score™, valuation, warning signs, and more.
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Agree Realty Price-to-Funds-From-Operations Calculation

Agree Realty's Price-to-Funds-From-Operations ratio for today is calculated as

Price-to-Funds-From-Operations Ratio=Share Price/ FFO per Share (TTM)
=72.73/4.537
=16.03

Agree Realty's Share Price of today is $72.73.
Agree Realty's FFO per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.54.

* 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.

What does a Price-to-Funds-From-Operations of 16.03 mean?
Agree Realty (ADC) has a Price-to-Funds-From-Operations of 16.03 as of Sep. 04, 2026.
Is Agree Realty's Price-to-Funds-From-Operations too high?
Agree Realty's current Price-to-Funds-From-Operations is 16.03. 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 Price-to-Funds-From-Operations compare to BRX and NNN?
Agree Realty's Price-to-Funds-From-Operations of 16.03 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Funds-From-Operations for a REITs company?
A good Price-to-Funds-From-Operations depends on the REITs industry context. However, Price-to-Funds-From-Operations should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Funds-From-Operations mean?
A high Price-to-Funds-From-Operations can signal that a stock is expensive relative to its fundamentals. Agree Realty's current Price-to-Funds-From-Operations is 16.03. 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 $79.07, compared to a current price of $72.73 — trading 8% below its estimated fair value. The current Price-to-Funds-From-Operations is 16.03. Agree Realty's overall GF Score™ is 90/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Funds-From-Operations calculated?
Price-to-Funds-From-Operations is calculated from a company's financial statements. For Agree Realty (ADC), the current Price-to-Funds-From-Operations is 16.03 as of Sep. 04, 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 $72.73 is trading 8% below its estimated GF Value™ of $79.07. GuruFocus considers Agree Realty to be Fairly Valued.

Key valuation signals for ADC:

  • Price-to-Funds-From-Operations: 16.03
  • GF Value™: $79.07 vs. price of $72.73 (8% below fair value)
  • GF Score™: 90/100 with 6 warning signs

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 Business Description

Industry Real EstateREITs
Other Exchanges AGL:GermanyA1DC34:Brazil
Address 32301 Woodward Avenue, Royal Oak, MI, USA, 48073
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

Get the complete analysis for ADC

Price-to-Funds-From-Operations is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$72.73
Price
$79.07
GF Value