Agree Realty Corporation
General ticker "ADC" information:
- Sector: Real Estate
- Industry: Retail REITs
- Capitalization: $7.5B
Agree Realty Corporation follows the US Stock Market performance with the rate: 44.2%.
Estimated limits based on current volatility of 1.7%: low 69.89$, high 72.37$
Factors to consider:
- Company pays dividends: last record date 2024-11-29, amount 0.25$ (Y1.43%)
- Earnings for 9 months up through Q3 exceed our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2023-12-31 to 2025-12-30
- 2023-12-31 to 2024-12-30 estimated range: [52.43$, 72.17$]
- 2024-12-30 to 2025-12-30 estimated range: [51.95$, 72.38$]
Financial Metrics affecting the ADC estimates:
- Positive: Non-GAAP EPS, $ of 3.96 > 2.29
- Positive: Operating profit margin, % of 47.17 > 19.51
- Negative: -0.39 < Industry inventory ratio change (median), % of 0
- Positive: 6.94 < Industry operating cash flow per share per price (median), % of 8.09
- Negative: Investing cash flow per share, $ of -13.39 <= -3.48
- Positive: 2.35 < Operating cash flow per share per price, % of 6.78
- Positive: Inventory ratio change, % of -18.06 <= -1.03
Short-term ADC quotes
Long-term ADC plot with estimates
Financial data
| YTD | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating Revenue | $354.43MM | $435.07MM | $539.34MM |
| Operating Expenses | $164.16MM | $216.99MM | $284.96MM |
| Operating Income | $190.27MM | $218.09MM | $254.39MM |
| Non-Operating Income | $-64.99MM | $-62.19MM | $-80.93MM |
| Interest Expense | $66.35MM | $63.44MM | $81.12MM |
| R&D Expense | $0.00MM | $0.00MM | $0.00MM |
| Income(Loss) | $125.28MM | $155.90MM | $173.46MM |
| Taxes | $2.40MM | $2.86MM | $2.91MM |
| Profit(Loss) | $122.88MM | $153.03MM | $170.55MM |
| Stockholders Equity | $3,417.69MM | $4,629.00MM | $5,199.21MM |
| Inventory | $106.37MM | $95.90MM | $0.00MM |
| Assets | $5,226.91MM | $6,713.19MM | $7,774.84MM |
| Operating Cash Flow | $246.31MM | $362.12MM | $391.60MM |
| Investing Cash Flow | $-1,386.62MM | $-1,615.97MM | $-1,275.00MM |
| Financing Cash Flow | $1,177.60MM | $1,237.51MM | $869.01MM |
| Earnings Per Share* | $1.79 | $1.84 | $1.70 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.