Agree Realty Corporation (NYSE:ADC) Declares Monthly Dividend of $0.27

Key Points

• Agree Realty declared a monthly dividend of $0.267 per share, payable October 14 to shareholders of record September 30. The dividend represents an annualized payout of approximately $3.20 per share and a 4.5% yield.
• The REIT’s current earnings-based payout ratio is high at 162.4%, but analysts expect improved coverage next year, with projected EPS of $4.67 versus the annual dividend of $3.20.
• Agree Realty’s latest quarterly EPS of $0.44 missed the $0.48 consensus estimate, although revenue rose 16.8% year over year to $216.33 million. Shares opened at $71.50, near the lower end of their 52-week range.

Agree Realty Corporation (NYSE:ADC - Get Free Report) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.267 per share by the real estate investment trust on Wednesday, October 14th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, September 30th.

Agree Realty has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Agree Realty has a dividend payout ratio of 162.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Agree Realty to earn $4.67 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 68.5%.

Agree Realty Price Performance

Shares of Agree Realty stock opened at $71.50 on Friday. Agree Realty has a one year low of $69.56 and a one year high of $82.08. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $8.89 billion, a P/E ratio of 38.44, a P/E/G ratio of 2.37 and a beta of 0.46. The stock's fifty day moving average is $76.18 and its 200 day moving average is $76.46.

Agree Realty (NYSE:ADC - Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.04). The firm had revenue of $216.33 million during the quarter, compared to analysts' expectations of $204.53 million. Agree Realty had a return on equity of 3.90% and a net margin of 28.84%.The company's revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.06 earnings per share. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. Sell-side analysts anticipate that Agree Realty will post 4.45 earnings per share for the current year.

Agree Realty Company Profile

Agree Realty Corporation NYSE: ADC is a real estate investment trust that owns, develops, acquires and manages retail properties. The company primarily invests in freestanding, net-leased properties occupied by nationally recognized and regionally established retailers.

Under a net lease, tenants generally pay expenses such as property taxes, insurance and maintenance in addition to rent. Agree Realty's portfolio is focused largely on essential retail locations, including stores serving everyday consumer needs.

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