Agree Realty (NYSE:ADC) Issues FY 2026 Earnings Guidance

Agree Realty (NYSE:ADC) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.580-4.590 for the period, compared to the consensus earnings per share estimate of 4.450.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wells Fargo & Company reduced their target price on Agree Realty from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Monday. Mizuho lowered their target price on shares of Agree Realty from $80.00 to $72.00 and set a “neutral” rating on the stock in a research report on Thursday, September 17th. Huntington began coverage on shares of Agree Realty in a research note on Wednesday, July 15th. They set an “outperform” rating and a $84.00 price target for the company. Wall Street Zen cut shares of Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, Truist Financial initiated coverage on Agree Realty in a report on Thursday, October 1st. They set a “buy” rating and a $75.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $80.82.

Agree Realty Price Performance

Shares of ADC stock traded down $2.67 during trading hours on Wednesday, hitting $64.41. The company’s stock had a trading volume of 2,347,102 shares, compared to its average volume of 1,345,015. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average of $69.91 and a 200-day moving average of $74.20. Agree Realty has a twelve month low of $64.34 and a twelve month high of $82.08. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 34.63, a P/E/G ratio of 2.21 and a beta of 0.42.

Agree Realty (NYSE:ADC) last released its earnings results on Tuesday, October 20th. The real estate investment trust reported $1.15 EPS for the quarter, topping the consensus estimate of $0.47 by $0.68. The firm had revenue of $213.88 million during the quarter, compared to analysts’ expectations of $211.52 million. Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. Agree Realty’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. As a group, equities research analysts anticipate that Agree Realty will post 4.45 EPS for the current year.

Agree Realty Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a dividend of $0.2710 per share. This represents a $3.25 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, October 30th. This is an increase from Agree Realty’s previous monthly dividend of $0.2670. Agree Realty’s dividend payout ratio (DPR) is presently 172.04%.

Insider Buying and Selling

In other Agree Realty news, Director John Rakolta, Jr. purchased 20,000 shares of Agree Realty stock in a transaction on Wednesday, September 16th. The shares were purchased at an average cost of $68.78 per share, with a total value of $1,375,600.00. Following the completion of the transaction, the director directly owned 654,602 shares in the company, valued at approximately $45,023,525.56. This represents a 3.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Erlich purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were acquired at an average cost of $67.55 per share, with a total value of $67,550.00. Following the completion of the transaction, the insider owned 60,388 shares in the company, valued at $4,079,209.40. This trade represents a 1.68% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 48,496 shares of company stock valued at $3,418,670. 1.80% of the stock is currently owned by corporate insiders.

Key Agree Realty News

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

• Positive Sentiment: Agree Realty raised its 2026 adjusted funds from operations (AFFO) guidance to $4.58-$4.59 per share, above the $4.45 consensus estimate. The higher outlook signals confidence in the retail net-lease REIT’s operating performance. Agree Realty Q3 Adjusted FFO Rises; 2026 AFFO Guidance Raised
• Positive Sentiment: Third-quarter FFO came in at $1.15 per share, ahead of the $1.14 estimate and up from $1.10 a year earlier. Revenue increased 16.7% year over year to $213.9 million, slightly exceeding expectations. Agree Realty Beats Q3 FFO and Revenue Estimates
• Positive Sentiment: The portfolio remained approximately 99.8% leased, while Agree Realty acquired 94 retail net-lease properties for about $357.7 million. The company also reported roughly $2.0 billion of liquidity, supporting further acquisitions. Agree Realty Reports Third-Quarter Net Income
• Neutral Sentiment: Agree Realty completed a $400 million senior-notes offering and settled 5.7 million forward-equity shares for $425.7 million. The funding improves acquisition capacity but adds interest expense and potential shareholder dilution.
• Negative Sentiment: BNP Paribas Exane lowered its price target to $74 from $84 and moved to a neutral rating. Wells Fargo also reduced its target to $79, reflecting more cautious near-term expectations. BNP Paribas Exane Lowers Agree Realty Price Target Wells Fargo Cuts Agree Realty Price Target
• Negative Sentiment: Robert W. Baird also reduced its target modestly to $76 from $77, although it maintained an outperform rating. The combination of target reductions likely contributed to pressure on ADC despite the earnings beat.

About Agree Realty

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.