Agree Realty (NYSE:ADC) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Agree Realty (NYSE:ADC) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04), FiscalAI reports. Agree Realty had a return on equity of 3.97% and a net margin of 28.84%.The business had revenue of $216.33 million for the quarter, compared to analysts’ expectations of $204.53 million. During the same period in the prior year, the business posted $1.06 earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. Agree Realty updated its FY 2026 guidance to 4.570-4.590 EPS.

Agree Realty Stock Performance

ADC traded down $0.55 on Friday, reaching $77.86. The stock had a trading volume of 1,230,747 shares, compared to its average volume of 1,082,625. The business’s 50-day moving average price is $76.52 and its two-hundred day moving average price is $76.47. The company has a market cap of $9.35 billion, a P/E ratio of 41.86, a price-to-earnings-growth ratio of 2.61 and a beta of 0.47. Agree Realty has a 12-month low of $69.56 and a 12-month high of $82.08. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Agree Realty Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $0.267 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, July 31st. Agree Realty’s dividend payout ratio (DPR) is currently 172.04%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ADC. Huntington began coverage on shares of Agree Realty in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $84.00 price objective on the stock. Robert W. Baird set a $83.00 target price on shares of Agree Realty in a research report on Friday. Weiss Ratings raised shares of Agree Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Mizuho cut their price target on Agree Realty from $86.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Finally, BMO Capital Markets cut Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 price objective for the company. in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.94.

Trending Headlines about Agree Realty

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

• Positive Sentiment: Second-quarter funds from operations (FFO) rose to $1.14 per share, exceeding the $1.13 consensus estimate and increasing from $1.06 a year earlier. Revenue reached $216.33 million, above the $204.53 million estimate and up 16.8% year over year. Agree Realty Surpasses Q2 FFO and Revenue Estimates
• Positive Sentiment: Agree Realty raised its full-year 2026 EPS guidance to $4.57–$4.59, above the $4.45 analyst consensus, providing a favorable signal for operating performance and earnings visibility. Agree Realty Reports Second Quarter 2026 Results
• Positive Sentiment: The REIT reported record investment of approximately $502 million across 102 retail net-lease properties and commenced five development or Developer Funding Platform projects, supporting future portfolio growth. Agree Realty Reports Second Quarter 2026 Results
• Neutral Sentiment: Management’s earnings call provided additional commentary on the quarter, investment activity, development pipeline, and 2026 outlook. Agree Realty Q2 2026 Earnings Call Transcript
• Neutral Sentiment: A current dividend analysis keeps ADC’s income profile and dividend sustainability relevant for shareholders, particularly as investors assess the stock’s premium valuation. Agree Realty Corp’s Dividend Analysis
• Negative Sentiment: Reported EPS of $0.44 missed the $0.48 consensus estimate and fell sharply from $1.06 in the prior-year quarter, creating a headline earnings disappointment despite the FFO and revenue beats. Agree Realty Q2 Earnings Snapshot

Insider Transactions at Agree Realty

In other Agree Realty news, CEO Joey Agree purchased 13,295 shares of Agree Realty stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of $75.41 per share, with a total value of $1,002,575.95. Following the acquisition, the chief executive officer owned 675,105 shares of the company’s stock, valued at $50,909,668.05. This trade represents a 2.01% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Greg Lehmkuhl purchased 750 shares of the stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of $75.09 per share, for a total transaction of $56,317.50. Following the transaction, the director directly owned 34,465 shares of the company’s stock, valued at $2,587,976.85. This represents a 2.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 19,045 shares of company stock valued at $1,415,943 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wiser Advisor Group LLC purchased a new stake in Agree Realty in the 3rd quarter worth $32,000. Transamerica Financial Advisors LLC lifted its holdings in Agree Realty by 214.4% during the fourth quarter. Transamerica Financial Advisors LLC now owns 547 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 373 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Agree Realty by 158.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 580 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 356 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Agree Realty during the third quarter worth about $59,000. Finally, Danske Bank A S purchased a new stake in shares of Agree Realty during the third quarter worth about $64,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Agree Realty Company Profile

Agree Realty Corporation (NYSE: ADC) is a publicly traded real estate investment trust headquartered in Chicago, Illinois. Founded in 1971, the company converted to a REIT structure in 2013 and focuses on acquiring, developing and managing a diversified portfolio of retail properties under long-term, triple-net (NNN) leases. Its tenant roster spans national and regional retailers in sectors such as grocery, home improvement, convenience and specialty retail.

Agree Realty’s primary business activities include sourcing and underwriting new property acquisitions, originating build-to-suit projects and executing value-add redevelopment programs.