Added to YB: 2025-06-27
Pitch date: 2025-05-11
ADC [bullish]
Agree Realty Corporation
-2.12%
current return
Author Info
No bio for this author
Company Info
Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants.
Market Cap
$8.5B
Pitch Price
$72.60
Price Target
N/A
Dividend
4.16%
EV/EBITDA
20.14
P/E
43.09
EV/Sales
17.45
Sector
Retail REITs
Category
dividend
Agree Realty Corporation - $ADC
ADC: Net lease REIT with 2,422 properties across 49 states, 68% investment-grade tenants. Q1 revenue +24% YoY to $169.2M, AFFO +3.9% to $1.06/share. 2025 guidance: $4.27-$4.30 AFFO/share. 4.1% yield, 75% payout ratio. Trades 17.5x 2025E AFFO vs peers at 12-14x. Premium justified by tenant quality, 5x debt/EBITDA. $1.3-1.5B 2025 investments at 7.2% cap rates.
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