Agree Realty (NYSE:ADC) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Key Points

• Agree Realty exceeded quarterly expectations: EPS was $0.53 versus the $0.48 consensus, while revenue reached $225.69 million, above estimates of $211.45 million.
• Portfolio and outlook remained strong: The company invested about $357.7 million in 94 retail properties, expanded to 2,888 properties, maintained 99.8% occupancy, and raised 2026 AFFO guidance to $4.58–$4.59 per share.
• Shareholder returns improved: Agree Realty raised its monthly dividend to $0.271, equivalent to an annualized $3.25 and a 4.8% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $82.

Agree Realty (NYSE:ADC - Get Free Report) announced its earnings results on Tuesday. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.05, FiscalAI reports. Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The business had revenue of $225.69 million during the quarter, compared to analysts' expectations of $211.45 million.

Agree Realty Stock Performance

ADC stock traded up $1.40 during trading on Tuesday, hitting $67.22. The company had a trading volume of 1,535,505 shares, compared to its average volume of 1,335,937. The firm has a market cap of $8.36 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 2.25 and a beta of 0.42. Agree Realty has a 1-year low of $64.43 and a 1-year high of $82.08. The firm has a 50-day moving average price of $70.03 and a 200-day moving average price of $74.26. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.60.

Agree Realty Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a $0.2710 dividend. This represents a $3.25 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, October 30th. This is a positive change from Agree Realty's previous monthly dividend of $0.2670. Agree Realty's dividend payout ratio is presently 172.04%.

Analyst Ratings Changes

ADC has been the topic of several research analyst reports. Mizuho lowered their price objective on Agree Realty from $80.00 to $72.00 and set a "neutral" rating on the stock in a research report on Thursday, September 17th. Truist Financial assumed coverage on shares of Agree Realty in a research report on Thursday, October 1st. They set a "buy" rating and a $75.00 target price on the stock. Robert W. Baird set a $83.00 price objective on shares of Agree Realty in a research note on Friday, July 31st. Stifel Nicolaus decreased their target price on Agree Realty from $84.00 to $81.50 and set a "buy" rating for the company in a research report on Friday, September 18th. Finally, Huntington began coverage on Agree Realty in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $84.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Agree Realty has a consensus rating of "Moderate Buy" and an average target price of $82.00.

Insider Buying and Selling at Agree Realty

In other news, Director John Rakolta, Jr. purchased 20,000 shares of the company's stock in a transaction dated Wednesday, September 16th. The stock was acquired at an average price of $68.78 per share, for a total transaction of $1,375,600.00. Following the completion of the transaction, the director directly owned 654,602 shares in the company, valued at $45,023,525.56. This represents a 3.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joey Agree acquired 7,360 shares of Agree Realty stock in a transaction dated Wednesday, September 16th. The stock was bought at an average price of $68.06 per share, for a total transaction of $500,921.60. Following the completion of the transaction, the chief executive officer directly owned 682,465 shares of the company's stock, valued at approximately $46,448,567.90. This represents a 1.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 48,496 shares of company stock valued at $3,418,670. Corporate insiders own 1.80% of the company's stock.

Trending Headlines about Agree Realty

Here are the key news stories impacting Agree Realty this week:

• Positive Sentiment: ADC reported quarterly EPS of $0.53, exceeding the $0.48 analyst consensus, while revenue of approximately $225.7 million also surpassed expectations. Net income reached $68.5 million, or $0.53 per diluted share. Agree Realty earnings press release
• Positive Sentiment: The retail net-lease REIT raised its 2026 AFFO-per-share guidance to $4.58–$4.59, signaling confidence in recurring cash flow and supporting its dividend outlook. Agree Realty third-quarter results
• Positive Sentiment: ADC invested approximately $357.7 million in 94 retail properties during the quarter. Its portfolio expanded to 2,888 properties and remained approximately 99.8% leased, underscoring strong occupancy and portfolio stability. Agree Realty portfolio and investment update
• Neutral Sentiment: The company reported roughly $2.0 billion of liquidity and completed a $400 million senior-notes offering, while also raising $425.7 million through forward-equity settlements. These transactions strengthen funding capacity but increase financing obligations and share-count dilution.
• Negative Sentiment: Wells Fargo lowered its price target from $83 to $79, although it retained an “overweight” rating. Recent commentary also highlights the REIT sector’s sensitivity to higher interest rates, which can raise borrowing costs and make dividend yields less attractive relative to bonds.

About Agree Realty

Agree Realty Corporation is a real estate investment trust (REIT) that acquires, develops, and manages retail properties across the United States. The company primarily uses a net-lease structure, under which tenants generally are responsible for property-level operating expenses such as taxes, insurance, and maintenance.

Its portfolio is focused mainly on essential retail properties occupied by nationally recognized and regional tenants, including grocery stores, home improvement retailers, dollar stores, pharmacies, and other necessity-based businesses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.