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NYSE · CIK 0000917251 · REAL ESTATE INVESTMENT TRUSTS

AGREE REALTY CORPORATION

ADC chart by TradingView
P/E 40.6xP/B 1.4xP/SALES 11.7xEV/EBITDA FCF YIELD

PRICE HISTORY

LIVE · NYSE
ADC chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$0.7B
EBITDA
$0.6B
FREE CASH FLOW
EPS
$1.84
GROSS MARGIN
ROIC
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

40.6x
+40%
LATEST · Q2 FY26
40.6xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
21.5x47.2x

P / SALES (TTM)

11.7x
-14%
LATEST · Q2 FY26
11.7xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
10.2x18.1x

P / BOOK

1.4x
-31%
LATEST · Q2 FY26
1.4xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
1.0x2.1x

EV / EBITDA (TTM)

-6%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
19.3x30.2x

EV / REVENUE (TTM)

-2%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
15.8x23.2x

FCF YIELD (TTM)

+26.0pp
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-32.13%-3.69%

DIVIDEND YIELD (TTM)

4.15%
-0.5pp
LATEST · Q2 FY26
4.15%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
3.91%5.15%

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$0.2B
+749%
LATEST · Q2 FY26
0.2BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EBITDA (DERIVED)

$0.2B
+708%
LATEST · Q2 FY26
0.2BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

NET INCOME

$0.1B
+283%
LATEST · Q2 FY26
0.1BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EPS (DILUTED)

$0.45
-25%
LATEST · Q2 FY26
0.45Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

REVENUE GROWTH YOY

16.85%
-18.5pp
LATEST · Q2 FY26
16.85%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
4.71%43.47%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

-30.9pp
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-682.85%-19.50%

RETURN ON CAPITAL

-1.7pp
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
2.18%4.74%

RETURN ON EQUITY (TTM)

3.45%
-3.6pp
LATEST · Q2 FY26
3.45%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
3.12%7.63%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN
OPERATING MARGIN46.47%
NET MARGIN26.65%
FCF MARGIN
156.43-72.47-301.36-530.25-759.14OPERNETFCFQ3 FY16Q3 FY17Q3 FY18Q3 FY19Q3 FY20Q3 FY21Q3 FY22Q3 FY23Q3 FY24Q3 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$0.2B
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

STOCK-BASED COMP

$0.0B
+642%
LATEST · Q2 FY26
0.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

CAPITAL EXPENDITURE

+593%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

SHARES OUTSTANDING

0.12B
+411%
LATEST · Q2 FY26
0.12BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND / SHARE

$0.80
+11%
LATEST · Q2 FY26
0.80Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$0.0B
+9%
LATEST · Q2 FY26
0.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

TOTAL DEBT

+323%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DEBT / EBITDA (TTM)

-4%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
4.3x6.9x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 117.61%INSIDERS 1.75%OTHER / RETAIL 0.00%682 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Blackrock Inc.14.38%17.9M$1.35B+6.6%
Cohen & Steers Inc.14.36%17.9M$1.35B+26.7%
Vanguard Portfolio Management LLC8.25%10.3M$776.0MNEW
State Street Corporation4.80%6.0M$451.2M+1.4%
Vanguard Capital Management LLC4.30%5.3M$404.4MNEW
Principal Financial Group, Inc.3.75%4.7M$352.6M+3.0%
Two Sigma Investments, LP3.25%4.0M$305.7M+139.1%
CenterSquare Investment Management LLC2.76%3.4M$259.4M+4.0%
Zimmer Partners, Lp2.65%3.3M$249.3MNEW
Daiwa Securities Group Inc.2.35%2.9M$221.0M-1.4%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.