Agree Realty Corporation
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- Market Cap.:
- $6.34 billion
- Book Value:
- Revenue TTM:
- $429.81 million
- Operating Margin TTM:
- Gross Profit TTM:
- $377.53 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Agree Realty Corporation had its IPO on 1994-04-15 under the ticker symbol ADC.
The company operates in the Real Estate sector and REIT-Retail industry. Agree Realty Corporation has a staff strength of 76 employees.
Shares of Agree Realty Corporation opened at $64.63 at the start of the last trading session i.e. 2023-06-02.
The stocks traded within a range of $64.43 - $65.3, and closed at $64.98.
This is a +1.14% increase from the previous day's closing price.
A total volume of 854,992 shares were traded at the close of the day’s session.
In the last one week, shares of Agree Realty Corporation have slipped by -0.11%.
Agree Realty Corporation's Key Ratios
Agree Realty Corporation has a market cap of $6.34 billion, indicating a price to book ratio of 1.443 and a price to sales ratio of 15.6377.
In the last 12-months Agree Realty Corporation’s revenue was $429.81 million with a gross profit of $377.53 million and an EBITDA of $380.20 million. The EBITDA ratio measures Agree Realty Corporation's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Agree Realty Corporation’s operating margin was 49.75% while its return on assets stood at 2.24% with a return of equity of 3.8%.
In Q4, Agree Realty Corporation’s quarterly earnings growth was a positive 0% while revenue growth was a positive 27.5%.
Agree Realty Corporation’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $1.83 per share while it has a forward price to earnings multiple of 25 and a PEG multiple of -28.74. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Agree Realty Corporation’s profitability.
Agree Realty Corporation stock is trading at a EV to sales ratio of 20.0072 and a EV to EBITDA ratio of 22.2544. Its price to sales ratio in the trailing 12-months stood at 15.6377.
Agree Realty Corporation stock pays annual dividends of $2.805 per share, indicating a yield of 4.11% and a payout ratio of 52.46%.
Balance sheet and cash flow metrics
- Total Assets
- $6.71 billion
- Total Liabilities
- $1.92 billion
- Operating Cash Flow
- Capital Expenditure
- $1.66 billion
- Dividend Payout Ratio
Agree Realty Corporation ended 2023 with $6.71 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.71 billion while shareholder equity stood at $4.63 billion.
Agree Realty Corporation ended 2023 with $0 in deferred long-term liabilities, $1.92 billion in other current liabilities, 9000.00 in common stock, $-2366000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $27.76 million and cash and short-term investments were $27.76 million. The company’s total short-term debt was $1,840,018,000 while long-term debt stood at $1.94 billion.
Agree Realty Corporation’s total current assets stands at $93.60 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $65.84 million compared to accounts payable of $83.72 million and inventory worth $0.00.
In 2023, Agree Realty Corporation's operating cash flow was $-1615975000.00 while its capital expenditure stood at $1.66 billion.
Comparatively, Agree Realty Corporation paid $0.52 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Agree Realty Corporation stock is currently trading at $64.98 per share. It touched a 52-week high of $78.5711 and a 52-week low of $78.5711. Analysts tracking the stock have a 12-month average target price of $78.11.
Its 50-day moving average was $66.2 and 200-day moving average was $68.65 The short ratio stood at 3.28 indicating a short percent outstanding of 0%.
Around 158.8% of the company’s stock are held by insiders while 11195.2% are held by institutions.
Frequently Asked Questions About Agree Realty Corporation
Similar Industry Stocks (REIT-Retail)
Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area. The Company’s common stock is listed on the New York Stock Exchange under the symbol ADC.