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Agree Realty

  • Revenue$248.6 MFY, 2020
  • Market Capitalization$5.2 B2022-06-28

OverviewSuggest Edit

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 continues to be a market leader in thenet lease space.
TypePublic
Founded1971
HQBloomfield Hills, MI, USMap
Websiteagreerealty.com
Employee Ratings2.4
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Latest Updates

Employees (est.) (Dec 2019)41(+14%)
Revenue (FY, 2020)$248.6 M(+33%)
Share Price (Jun 2022)$73.4
Cybersecurity ratingAMore
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Key People/Management at Agree Realty

Cheryl Hamilton

Cheryl Hamilton

Corporate Controller
Joey Agree

Joey Agree

President, Chief Executive Officer & Director
Craig Erlich

Craig Erlich

Chief Operating Officer
Simon Leopold

Simon Leopold

Chief Financial Officer
Danielle Spehar

Danielle Spehar

General Counsel
Nicole Witteveen

Nicole Witteveen

Vice President, People & Culture
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Agree Realty Office Locations

Agree Realty has an office in Bloomfield Hills
Bloomfield Hills, MI, US (HQ)
70 E Long Lake Rd
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Agree Realty Financials and Metrics

Agree Realty Revenue

Agree Realty's revenue was reported to be $248.57 m in FY, 2020
USD

Revenue (FY, 2020)

248.6m

Net income (FY, 2020)

92.0m

EBIT (FY, 2020)

125.1m

Market capitalization (28-Jun-2022)

5.2b

Closing stock price (28-Jun-2022)

73.4

Cash (31-Dec-2020)

6.1m

EV

6.4b
Agree Realty's current market capitalization is $5.2 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

36.3m35.8m43.5m53.6m70.0m91.5m116.6m148.2m187.5m248.6m

Revenue growth, %

23%31%31%

Cost of goods sold

1.5m1.1m1.2m1.7m1.8m2.5m3.6m5.6m

Gross profit

34.8m34.7m42.3m51.9m68.2m89.0m112.9m142.6m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

9.6m15.1m9.2m9.2m9.3m10.2m10.9m11.6m12.6m12.9m13.8m15.7m17.2m17.8m20.2m21.8m24.2m26.6m28.1m30.4m34.6m35.7m37.3m42.3m44.9m48.1m55.8m57.5m63.8m

Cost of goods sold

388.2k377.8k428.4k285.6k253.9k357.4k302.0k326.0k498.5k458.3k337.8k571.4k415.7k424.3k573.0k928.4k169.0k797.0k915.0k931.0k1.5m1.2m1.2m1.7m

Gross profit

9.2m14.8m8.8m8.9m9.0m9.9m10.6m11.3m12.1m12.4m13.4m15.2m16.8m17.4m19.7m20.9m24.0m25.8m27.2m29.5m33.1m34.5m36.1m40.6m

Gross profit Margin, %

96%98%95%97%97%97%97%97%96%96%98%96%98%98%97%96%99%97%97%97%96%97%97%96%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

2.0m1.3m14.5m5.4m2.7m33.4m50.8m54.0m15.6m6.1m

Accounts Receivable

801.7k2.2m3.3m4.5m7.4m15.5m21.5m26.8m37.8m

Inventories

PP&E

269.9m316.4m398.9m529.8m695.8m943.5m1.2b1.6b
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

851.9k886.8k465.3k618.5k543.0k1.2m1.2m5.8m826.2k1.6m1.4m7.9m2.9m21.4m3.7m4.0m11.5m2.3m4.2m25.5m2.2m9.0m16.8m22.3m5.5m9.4m72.1m29.3m14.7m

Accounts Receivable

2.7m2.7m604.3k761.2k1.4m1.7m1.8m2.4m3.3m3.8m4.0m4.9m5.7m6.1m7.8m10.0m10.6m13.1m14.2m15.6m17.9m19.2m19.9m23.7m24.9m25.5m27.7m34.0m39.3m

PP&E

266.3m261.9m265.1m273.2m287.4m327.6m362.7m389.1m418.8m429.0m459.6m576.6m627.6m645.4m730.4m850.2m892.0m983.9m1.1b1.1b1.3b1.3b1.4b

Total Assets

281.4m282.0m291.6m315.1m332.7m380.2m410.9m443.6m466.5m481.2m522.8m653.0m705.1m749.2m825.6m973.1m1.0b1.2b1.3b1.4b1.5b1.6b1.7b2.2b2.3b2.5b2.9b3.1b3.5b
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

9.6m18.0m20.2m18.9m39.8m45.8m58.8m58.8m80.8m92.0m

Depreciation and Amortization

6.5m6.5m9.5m12.1m16.5m23.4m31.8m43.7m45.7m66.8m

Accounts Payable

2.0m(1.4m)838.5k(167.3k)1.0m2.0m5.3m(1.3m)606.0k2.2m

Cash From Operating Activities

25.5m21.2m29.6m35.1m44.7m61.7m82.2m93.2m126.7m143.0m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

8.2m6.4m4.6m9.5m13.4m5.3m9.7m14.6m5.5m8.2m13.2m6.5m17.0m31.8m7.6m18.4m32.9m14.8m29.8m42.1m16.6m29.7m45.5m18.5m37.2m58.0m21.4m46.8m68.2m

Depreciation and Amortization

3.2m5.2m1.7m3.4m4.8m2.0m4.2m7.0m2.7m5.5m8.7m3.7m8.0m13.2m5.1m10.7m16.9m7.0m14.7m23.0m10.0m20.6m31.7m9.9m20.7m32.6m14.1m29.7m47.1m

Accounts Payable

211.6k205.5k(1.8m)(1.8m)(2.0m)(411.4k)(285.1k)(549.0k)(1.1m)(190.8k)(533.6k)(236.7k)176.4k229.1k2.2m1.7m2.8m(590.0k)444.0k1.8m(1.5m)(4.4m)923.0k(3.1m)(663.0k)(4.9m)(9.1m)(5.2m)1.1m

Cash From Operating Activities

11.3m16.6m3.8m8.8m14.3m6.9m14.2m21.2m8.2m16.7m25.3m9.0m21.2m34.4m16.5m26.7m33.5m15.6m34.7m55.2m17.8m37.0m64.3m23.5m57.6m88.5m28.7m67.8m90.9m
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USDQ2, 2011

Financial Leverage

1.7 x
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Agree Realty Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

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Agree Realty Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Agree Realty Online and Social Media Presence

Agree Realty's Trends

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Agree Realty News and Updates

May 31, 2022

Agree Realty Announces Exercise of Underwriters' Option and Closing of Forward Offering of Common Stock

BLOOMFIELD HILLS, Mich., May 31, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it has completed its public offering of 5,750,000 shares of its common stock, which includes the underwriters' full exercise of their option to purchase...
May 12, 2022

Agree Realty Declares Monthly Common and Preferred Dividends

BLOOMFIELD HILLS, Mich., May 12, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.234 per common share. The monthly dividend reflects an...
September 13, 2021

Agree Realty Announces Appointment of Michael Judlowe to Board of Directors

BLOOMFIELD HILLS, Mich., Sept. 13, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that Michael Judlowe has joined the Company's Board of Directors (the "Board"). Mr. Judlowe most recently spent the last 10 years at Jefferies Group, where he...
August 30, 2021

Agree Realty Names David D. Darling as Vice President of Real Estate

BLOOMFIELD HILLS, Mich., Aug. 30, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") is pleased to announce that David D. Darling has agreed to join the Company as Vice President of Real Estate. Mr. Darling will be responsible for the Company's leasing activities...
March 02, 2021

Agree Realty Collects Over 99% of February Rent

BLOOMFIELD HILLS, Mich., March 2, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced its progress on February rent collections. As of March 1, 2021, the Company has received February rent payments from more than 99% of its portfolio. February marks...
February 22, 2021

Agree Realty Announces Appointment of Ambassador John Rakolta Jr. to its Board of Directors

BLOOMFIELD HILLS, Mich., Feb. 22, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that effective immediately Ambassador John Rakolta Jr. has rejoined the Company's Board of Directors (the "Board"). Ambassador Rakolta served on the Company's Board...
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 Agree Realty Frequently Asked Questions

  • When was Agree Realty founded?

    Agree Realty was founded in 1971.

  • Who are Agree Realty key executives?

    Agree Realty's key executives are Cheryl Hamilton, Joey Agree and Craig Erlich.

  • How many employees does Agree Realty have?

    Agree Realty has 41 employees.

  • What is Agree Realty revenue?

    Latest Agree Realty annual revenue is $248.6 m.

  • What is Agree Realty revenue per employee?

    Latest Agree Realty revenue per employee is $6.1 m.

  • Who are Agree Realty competitors?

    Competitors of Agree Realty include Franklin Street Properties, First Industrial Realty Trust and Artemis Real Estate Partners.

  • Where is Agree Realty headquarters?

    Agree Realty headquarters is located at 70 E Long Lake Rd, Bloomfield Hills.

  • Where are Agree Realty offices?

    Agree Realty has an office in Bloomfield Hills.

  • How many offices does Agree Realty have?

    Agree Realty has 1 office.