Agree Realty (NYSE:ADC) Posts Quarterly Earnings Results, Beats Expectations By $0.67 EPS

Posted by Brenda Bartman on Oct 20th, 2026

Agree Realty (NYSE:ADC – Get Free Report) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.67, Zacks reports. Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The company had revenue of $225.69 million during the quarter, compared to the consensus estimate of $211.45 million. During the same quarter last year, the firm earned $1.10 earnings per share. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year.

Agree Realty Stock Performance

ADC traded up $1.40 during mid-day trading on Tuesday, reaching $67.22. 1,535,852 shares of the company traded hands, compared to its average volume of 1,340,029. The stock has a market capitalization of $8.36 billion, a P/E ratio of 36.14, a P/E/G ratio of 2.25 and a beta of 0.42. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.60. The company’s fifty day moving average price is $70.03 and its 200-day moving average price is $74.26. Agree Realty has a 52-week low of $64.43 and a 52-week high of $82.08.

Agree Realty Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have commented on ADC. Robert W. Baird set a $83.00 target price on Agree Realty in a research note on Friday, July 31st. Truist Financial initiated coverage on Agree Realty in a report on Thursday, October 1st. They issued a “buy” rating and a $75.00 target price for the company. Weiss Ratings cut Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, September 17th. Wall Street Zen downgraded Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, Barclays lowered their price target on Agree Realty from $85.00 to $76.00 and set an “equal weight” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.00.

Read Our Latest Analysis on ADC

Key Agree Realty News

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

Positive Sentiment: Quarterly earnings beat expectations: Agree Realty reported diluted earnings of $0.53 per share, above the $0.48 analyst consensus. Revenue was reported at approximately $213.9 million by the company, while MarketBeat cited $225.69 million versus a $211.45 million estimate. Agree Realty earnings press release
Positive Sentiment: Guidance was raised: Management increased 2026 adjusted funds from operations guidance to $4.58-$4.59 per share, a favorable signal for the REIT’s earnings and dividend-supporting cash flow. ADC also reported a highly occupied portfolio of 2,888 properties that was approximately 99.8% leased at quarter-end. Agree Realty third-quarter results
Positive Sentiment: Expansion and liquidity remain strong: ADC invested about $357.7 million across 94 retail net-lease properties and ended the quarter with roughly $2.0 billion of liquidity. The company also declared monthly dividends of $0.267 per share for July, August and September.
Neutral Sentiment: Capital raising supports growth but may dilute shareholders: ADC issued $400 million of senior notes and settled 5.7 million forward-equity shares for $425.7 million in proceeds. The funding improves acquisition capacity, but new equity can weigh on per-share results.
Negative Sentiment: Wells Fargo reduced its price target to $79 from $83, though it maintained an “overweight” rating. The cut suggests more cautious valuation expectations despite the continued bullish recommendation.

Insider Buying and Selling

In other news, CEO Joey Agree acquired 7,360 shares of Agree Realty stock in a transaction that occurred on 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 owned 682,465 shares in the company, valued at $46,448,567.90. The trade was a 1.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Erlich bought 1,000 shares of the stock in a transaction on Monday, September 21st. The stock was purchased at an average cost of $67.55 per share, for a total transaction of $67,550.00. Following the acquisition, the insider owned 60,388 shares of the company’s stock, valued at $4,079,209.40. This trade represents a 1.68% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 48,496 shares of company stock valued at $3,418,670 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Agree Realty Company Profile

(Get Free Report)

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.