agree realty corporation (nyse: adc) is a fully-integrated, self-administered, and self-managed reit focused on the development and acquisition of net lease retail properties throughout the united states. our growing portfolio of industry leading retailers consists of 267 assets in 41 states, containing approximately 4.8 million square feet. agree’s disciplined and focused investment strategy, its institutional access to capital, and the company’s industry-wide relationships, consistently produce high-quality opportunities with superior risk adjusted returns. the agree team’s expertise and strategic execution seeks to maximize value for all stakeholders. our innovative development and acquisition strategies, adaptive real estate technology, and extensive capabilities are relied upon by our industry leading partners, including walgreens, mcdonalds, jp morgan chase, pnc and wawa. building upon the foundation of excellence established throughout the past four decades, agree realty c
Company profile
Ticker
ADC, ADC+A
Exchange
Website
CEO
Joey Agree
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Agree Limited Partnership • ADC Express, LLC • Agree 117 Mission, LLC • Agree 2016, LLC • Agree Beecher, LLC • Agree Bristol & Fenton Project, LLC • Agree Central, LLC • Agree Chapel Hill NC, LLC • Agree Columbia SC, LLC • Agree Construction Management, LLC ...
IRS number
383148187
ADC stock data
Latest filings (excl ownership)
8-K
Agree Realty Corporation Reports First Quarter 2024 Results
23 Apr 24
10-Q
2024 Q1
Quarterly report
23 Apr 24
ARS
2023 FY
Annual report to shareholders
12 Apr 24
DEFA14A
Additional proxy soliciting materials
12 Apr 24
DEF 14A
Definitive proxy
12 Apr 24
8-K
Other Events
3 Apr 24
8-K
Regulation FD Disclosure
1 Mar 24
8-K
Other Events
16 Feb 24
424B5
Prospectus supplement for primary offering
16 Feb 24
10-K
2023 FY
Annual report
13 Feb 24
Transcripts
ADC
Earnings call transcript
2024 Q1
24 Apr 24
ADC
Earnings call transcript
2023 Q4
14 Feb 24
ADC
Earnings call transcript
2023 Q3
25 Oct 23
ADC
Earnings call transcript
2023 Q2
2 Aug 23
ADC
Earnings call transcript
2023 Q1
5 May 23
ADC
Earnings call transcript
2022 Q4
15 Feb 23
ADC
Earnings call transcript
2022 Q3
2 Nov 22
ADC
Earnings call transcript
2022 Q2
3 Aug 22
ADC
Earnings call transcript
2022 Q1
4 May 22
ADC
Earnings call transcript
2021 Q4
23 Feb 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 6.39 mm | 6.39 mm | 6.39 mm | 6.39 mm | 6.39 mm | 6.39 mm |
Cash burn (monthly) | 1.95 mm | 20.43 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 13.49 mm | 141.10 mm | n/a | n/a | n/a | n/a |
Cash remaining | -7.11 mm | -134.71 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -3.6 | -6.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
93.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 363 |
Opened positions | 43 |
Closed positions | 46 |
Increased positions | 151 |
Reduced positions | 116 |
13F shares | Current |
---|---|
Total value | 5.17 tn |
Total shares | 94.37 mm |
Total puts | 109.90 k |
Total calls | 37.10 k |
Total put/call ratio | 3.0 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 13.76 mm | $760.07 bn |
BLK Blackrock | 11.85 mm | $654.42 bn |
PFG Principal Financial Group Inc - Registered Shares | 5.94 mm | $328.19 bn |
STT State Street | 5.11 mm | $283.38 bn |
Centersquare Investment Management | 4.03 mm | $222.49 bn |
DB Deutsche Bank AG - Registered Shares | 2.53 mm | $139.88 bn |
IVZ Invesco | 2.16 mm | $119.24 bn |
Geode Capital Management | 1.74 mm | $96.23 bn |
MCQEF Macquarie | 1.66 mm | $91.53 bn |
Thrivent Financial For Lutherans | 1.52 mm | $84.46 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Mar 24 | Stephen Breslin | Common Shares | Buy | Acquire P | No | No | 55.33 | 450 | 24.90 k | 10,441 |
29 Feb 24 | Richard Agree | Common Shares | Buy | Acquire P | Yes | No | 55.5 | 16,000 | 888.00 k | 135,855 |
23 Feb 24 | Linglong He | Common Shares | Grant | Acquire A | No | No | 0 | 3,217 | 0.00 | 3,217 |
23 Feb 24 | John Rakolta JR | Common Shares | Grant | Acquire A | No | No | 0 | 3,217 | 0.00 | 412,650.518 |
23 Feb 24 | Rossi Jerome R | Common Shares | Grant | Acquire A | No | No | 0 | 2,000 | 0.00 | 8,613 |
News
Looking Into Agree Realty's Recent Short Interest
24 Apr 24
Agree Realty Q1 2024 FFO $1.03 Beats $1.01 Estimate, Sales $149.453M Beat $146.462M Estimate
23 Apr 24
Earnings Scheduled For April 23, 2024
23 Apr 24
How Is The Market Feeling About Agree Realty?
13 Mar 24
Expert Outlook: Agree Realty Through The Eyes Of 12 Analysts
7 Mar 24
Press releases
Agree Realty Corporation Reports First Quarter 2024 Results
23 Apr 24
Agree Realty Announces First Quarter 2024 Earnings Release Date and Conference Call Information
8 Apr 24
Agree Realty Declares Increased Monthly Common Dividend
8 Apr 24
Agree Realty Declares Monthly Common and Preferred Dividends
12 Mar 24