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Agree Realty Corporation (NYSE:ADC)
75.12 USD
-0.680 0.897%Sponsored Reports
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| Previous Close (in USD) | 75.8 |
|---|---|
| Change | -0.680 0.897% |
| 52 W H/L (in USD) | 78.130/52.466 |
| EBITDA (in USD) | 465.061M |
| PE Ratio | 41.14 |
| Volume | 164136 |
| Diluted Eps TTM | 1.81 |
| Total Assets (in USD) | 7774.836M |
|---|---|
| Total Liabilities (in USD) | 2574.683M |
| Revenue TTM (in USD) | 600.526M |
| Cash (in USD) | 10.907M |
| Market Cap (in USD) | 8,110.928 M |
| Revenue Per Share TTM | 5.985 |
| Gross Profit TTM (in USD) | 377.533M |
Summary
Income Statement
Balance Sheet
Change in Cash
Operating Cash
Dividend Paid
Agree Realty Corporation
Agree Realty Corporation (the "Company"), a Maryland corporation, is a fully integrated real estate investment trust ("REIT") primarily focused on the ownership, acquisition, development and management of retail properties net leased to industry leading tenants. The Company was founded in 1971 by its current Executive Chairman, Richard Agree, and its common stock was listed on the New York Stock Exchange in 1994. As of March 31, 2024, the Company owned 2,161 properties, with a total gross leasable area ("GLA") of approximately 44.9 million square feet.
Employees: 72
Key Executives
| Sr. No. | Name | Title | Year Born |
|---|---|---|---|
| 1. | Mr. Joel N. Agree | Pres, CEO & Director | 1979 |
| 2. | Mr. Peter Coughenour | CFO, Sec. & Investor Relations Professional | 1993 |
| 3. | Mr. Craig Erlich | Chief Operating Officer | 1968 |
| 4. | Ms. Danielle M. Spehar | Gen. Counsel | 1968 |
| 5. | Ms. Nicole Witteveen | Exec. VP of People & Culture and Chief of Staff | 1990 |
| 6. | Mr. Richard A. Agree | Exec. Chairman | 1944 |
| 7. | Mr. Stephen Breslin | Chief Accounting Officer | NA |
| 8. | Mr. Larry Kaufman | Chief Information Officer & VP of Continuous Improvement | NA |
| 9. | Mr. Dan Theeck | Director of Financial Reporting & Compliance | NA |
| 10. | Mr. Josh Bratton | Director of Devel. | NA |
Peers
Sector: Real Estate
Industry: REIT - Retail
| Company | Change (USD) | Price (USD) | Trailing PE(x) | Forward PE(x) | Price Sales TTM(x) | Price to Book Value(x) | Enterprise Value to Revenue(x) | Enterprise Value to EBITDA(x) |
|
SPG
Simon Property Group Inc |
+0.900 0.566% | 159.59 | 21.310 | 24.691 | 9.775 | 16.148 | 12.962 | 14.985 |
|
O
Realty Income Corporation |
-0.449 0.769% | 58.26 | 43.100 | 43.668 | 10.548 | 1.297 | 15.837 | 18.032 |
|
LKREF
Link Real Estate Investment Trust |
+0.180 3.646% | 5.12 | 0.000 | 15.773 | 1.142 | 0.612 | 1.538 | 26.841 |
|
KIM
Kimco Realty Corporation |
+0.055 0.259% | 21.28 | 30.650 | 29.762 | 7.607 | 1.405 | 11.270 | 15.809 |
Income Statement
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Income Before Tax | 155.895M | 125.277M | 93.058M | 81.301M | 59.314M |
| Minority Interest | -0.598M | 0.603M | 0.591M | 0.682M | 0.626M |
| Net Income | 152.437M | 122.273M | 91.381M | 80.081M | 58.172M |
| Selling General Administrative | 30.121M | 25.456M | 20.793M | 15.566M | 12.165M |
| Gross Profit | 377.533M | 298.262M | 216.816M | 163.967M | 131.184M |
| Reconciled Depreciation | 166.907M | 120.013M | 82.643M | 59.204M | 43.698M |
| Ebit | 218.085M | 190.269M | 125.128M | 101.089M | 66.46M |
| Ebitda | 343.086M | 274.398M | 192.156M | 136.704M | 110.158M |
| Depreciation And Amortization | 125.001M | 84.129M | 67.028M | 35.615M | 43.698M |
| Operating Income | 218.085M | 190.269M | 125.128M | 101.089M | 73.002M |
| Other Operating Expenses | 249.309M | 186.529M | 119.303M | 84.78M | 72.874M |
| Interest Expense | 63.435M | 53.995M | 32.931M | 10.382M | -24.872M |
| Tax Provision | 2.86M | 2.401M | 1.086M | 0.538M | 0.516M |
| Interest Income | 63.435M | 50.378M | 40.097M | 33.094M | 24.872M |
| Net Interest Income | -63.435M | -50.378M | -40.097M | -33.094M | -24.872M |
| Income Tax Expense | 2.86M | 2.401M | 1.086M | 0.538M | 0.516M |
| Total Revenue | 463.151M | 363.606M | 248.568M | 187.478M | 148.195M |
| Total Operating Expenses | 163.691M | 121.185M | 87.551M | 61.269M | 55.863M |
| Cost Of Revenue | 85.618M | 65.344M | 31.752M | 23.511M | 17.011M |
| Total Other Income Expense Net | -62.19M | -64.992M | -32.07M | -19.788M | 8.865M |
| Net Income From Continuing Ops | 153.035M | 137.49M | 91.972M | 80.763M | 58.798M |
| Net Income Applicable To Common Shares | 144.624M | 120.125M | 91.381M | 80.081M | 58.172M |
Balance Sheet
(Currency in USD)| Breakdown | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
|---|---|---|---|---|---|
| Total Assets | 7774.836M | 6713.189M | 5226.906M | 3886.183M | 2664.53M |
| Intangible Assets | 854.088M | 799.448M | 672.02M | 473.592M | 343.514M |
| Other Current Assets | 7.259M | 1.146M | 7.674M | 3.017M | 26.554M |
| Total Liab | 2574.683M | 2082.799M | 1807.59M | 1359.934M | 972.968M |
| Total Stockholder Equity | 5199.211M | 4628.998M | 3417.687M | 2524.487M | 1689.331M |
| Other Current Liab | 30.757M | -1817.673M | -143.119M | -57.455M | -63.986M |
| Common Stock | 0.01M | 0.009M | 0.007M | 0.006M | 0.005M |
| Capital Stock | 175.01M | 175.009M | 175.007M | 0.006M | 0.005M |
| Retained Earnings | -346.473M | -228.132M | -147.366M | -91.343M | -57.094M |
| Good Will | - | - | - | - | - |
| Other Assets | - | 5820.137M | 5097.137M | 3842.238M | 357.223M |
| Cash | 10.907M | 27.763M | 43.252M | 6.137M | 15.603M |
| Cash And Equivalents | - | 27.763M | 43.252M | 6.137M | 15.603M |
| Total Current Liabilities | 89.32M | 106.067M | 86.886M | 105.935M | 74.001M |
| Current Deferred Revenue | - | - | - | - | - |
| Net Debt | 2400.014M | 1912.255M | 1644.377M | 1212.162M | 856.696M |
| Short Term Debt | 6.552M | 1840.018M | 160M | 92M | 89M |
| Short Long Term Debt | - | - | 160M | 92M | 89M |
| Short Long Term Debt Total | 2410.921M | 1940.018M | 1687.629M | 1218.299M | 872.299M |
| Other Stockholder Equity | 5354.12M | 4658.57M | 3395.549M | 2652.09M | 1752.912M |
| Property Plant Equipment | - | 5801.968M | 4367.111M | 3304.179M | 2218.592M |
| Total Current Assets | 101.12M | 94.75M | 104.368M | 46.962M | 72.715M |
| Long Term Investments | - | - | - | - | - |
| Short Term Investments | -3.617M | - | 4367.111M | - | - |
| Net Receivables | 82.954M | 65.841M | 53.442M | 37.808M | 26.808M |
| Long Term Debt | 2410.921M | 1940.018M | 1527.629M | 1126.299M | 783.299M |
| Inventory | - | 0M | 5.676M | 1.199M | 3.75M |
| Accounts Payable | 52.011M | 83.722M | 70.005M | 71.39M | 48.987M |
| Accumulated Other Comprehensive Income | 16.554M | 23.551M | -5.503M | -36.266M | -6.492M |
| Non Currrent Assets Other | 16.108M | 5818.991M | 4444.216M | 3365.629M | 2248.301M |
| Non Current Assets Total | 7673.716M | 6618.439M | 5122.538M | 3839.221M | 2591.815M |
| Capital Lease Obligations | - | - | - | - | - |
| Long Term Debt Total | - | 1946.146M | 1527.629M | 1126.299M | 783.299M |
Cash Flow
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Investments | -1615.975M | -1386.615M | -1299.842M | -667.519M | -568.117M |
| Total Cashflows From Investing Activities | -1615.975M | -1386.615M | -1299.842M | -667.519M | -568.117M |
| Total Cash From Financing Activities | 1237.513M | 1177.595M | 1122.684M | 528.994M | 470.063M |
| Net Income | 153.035M | 122.876M | 91.972M | 80.763M | 58.798M |
| Change In Cash | -16.341M | 37.295M | -34.202M | -11.818M | -4.807M |
| Begin Period Cash Flow | 45.25M | 7.955M | 42.157M | 53.975M | 58.782M |
| End Period Cash Flow | 28.909M | 45.25M | 7.955M | 42.157M | 53.975M |
| Total Cash From Operating Activities | 362.121M | 246.315M | 142.956M | 126.707M | 93.247M |
| Depreciation | 166.907M | 120.013M | 82.643M | 59.204M | 43.698M |
| Other Cashflows From Investing Activities | 44.411M | 55.534M | 46.471M | 65.053M | 64.493M |
| Dividends Paid | -227.742M | -195.825M | -116.112M | -90.257M | -67.638M |
| Change To Inventory | - | -0.606M | -2.216M | - | 0.904M |
| Sale Purchase Of Stock | -1.912M | -1.813M | -1.641M | -1.406M | -1.145M |
| Other Cashflows From Financing Activities | 1328.834M | 871.185M | 348.002M | 190.858M | 585.439M |
| Capital Expenditures | 1660.386M | 1442.149M | 1346.313M | 732.572M | 632.61M |
| Change In Working Capital | 20.738M | -8.708M | -11.27M | -7.615M | -4.391M |
| Other Non Cash Items | 14.977M | 3.61M | 1.444M | 1.284M | 1.055M |
| Free Cash Flow | 362.121M | 246.315M | 142.956M | 126.707M | 93.247M |
Funds
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Vanguard Real Estate Index Investor | 7 months ago | 3960797 |
| 2. | iShares Core S&P Mid-Cap ETF | 6 months ago | 3224384 |
| 3. | Vanguard Total Stock Mkt Idx Inv | 7 months ago | 3201476 |
| 4. | Vanguard Small Cap Index | 7 months ago | 2524079 |
| 5. | Cohen & Steers Real Estate Securities A | 8 months ago | 2059253 |
| 6. | Cohen & Steers Real Estate Opportunities | 8 months ago | 2059253 |
| 7. | Vanguard Small Cap Value Index Inv | 7 months ago | 1704991 |
| 8. | Vanguard Institutional Extnd Mkt Idx Tr | 7 months ago | 1494430 |
| 9. | American Century Mid Cap Value Inv | 8 months ago | 1051467 |
| 10. | American Century U.S. Mid Cap Value | 8 months ago | 1051467 |
| 11. | Scout Mid Cap Equity | 8 months ago | 925877 |
| 12. | Carillon Scout Mid Cap I | 8 months ago | 925877 |
| 13. | Delaware Small Cap Value A | 7 months ago | 842400 |
| 14. | Daiwa US-REIT Open Mother Fund | 1 year ago | 797460 |
| 15. | SPDR® S&P MIDCAP 400 ETF Trust | 7 months ago | 789670 |
| 16. | DWS Global Real Estate Sec Focus Comp | 7 months ago | 691174 |
| 17. | Vanguard Real Estate II Index | 7 months ago | 646373 |
| 18. | State St Russell Sm/Mid Cp® Indx NL Cl C | 7 months ago | 616545 |
| 19. | Janus Henderson Mid Cap Value L | 8 months ago | 590229 |
| 20. | Schwab US REIT ETF™ | 6 months ago | 582967 |
Institutions
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Vanguard Group Inc | 8 months ago | 14330146 |
| 2. | BlackRock Inc | 11 months ago | 13316749 |
| 3. | Cohen & Steers Inc | 8 months ago | 6830485 |
| 4. | State Street Corp | 8 months ago | 4965507 |
| 5. | Principal Financial Group Inc | 8 months ago | 4186849 |
| 6. | JPMorgan Chase & Co | 8 months ago | 3646526 |
| 7. | Long Pond Capital, LP | 8 months ago | 3029301 |
| 8. | CenterSquare Investment Management LLC | 8 months ago | 2538327 |
| 9. | Deutsche Bank AG | 8 months ago | 2523589 |
| 10. | American Century Companies Inc | 8 months ago | 2418861 |
| 11. | Daiwa Securities Group Inc | 8 months ago | 2350056 |
| 12. | Macquarie Group Ltd | 8 months ago | 2310176 |
| 13. | FMR Inc | 8 months ago | 2238784 |
| 14. | Geode Capital Management, LLC | 8 months ago | 2074760 |
| 15. | Morgan Stanley - Brokerage Accounts | 8 months ago | 1803646 |
| 16. | Charles Schwab Investment Management Inc | 8 months ago | 1588355 |
| 17. | Dimensional Fund Advisors, Inc. | 8 months ago | 1526978 |
| 18. | Thrivent Financial For Lutherans | 8 months ago | 1353080 |
| 19. | Prudential Financial Inc | 8 months ago | 1263785 |
| 20. | NORGES BANK | 11 months ago | 1193507 |
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