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.
Show more| Type | Public |
| HQ | Bloomfield Hills, US |
| Founded | 1971 |
| Size (employees) | 24 (est) |
| Website | agreerealty.com |
Agree Realty was founded in 1971 and is headquartered in Bloomfield Hills, US
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Agree Realty has an office in Bloomfield Hills
Bloomfield Hills, (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 $116.56 m in FY, 2017
| USD | |
|---|---|
Revenue (Q3, 2018) | 37.3m |
Net income (Q3, 2018) | 15.8m |
EBIT (Q3, 2018) | 18.9m |
Market capitalization (12-Dec-2018) | 2.1b |
Closing stock price (12-Dec-2018) | 60.6 |
Cash (30-Sep-2018) | 16.8m |
Agree Realty's current market capitalization is $2.1 b.
Annual
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 11.6m | 12.6m | 12.9m | 13.8m | 17.2m | 17.8m | 20.2m | 21.8m | 24.2m | 26.6m | 28.1m | 30.4m | 34.6m | 35.7m | 37.3m | |
General and administrative expense | 1.6m | 1.6m | 1.6m | 1.7m | 1.7m | 1.8m | 2.0m | 2.0m | 2.0m | 2.6m | 2.6m | 2.5m | 2.9m | 3.2m | 2.9m | |
Operating expense total | 5.3m | 5.4m | 8.3m | 6.1m | 7.3m | 8.6m | 9.0m | 10.2m | 10.0m | 12.4m | 13.4m | 14.0m | 16.9m | 17.8m | 18.4m | |
Depreciation and amortization | 2.2m | 2.5m | 2.6m | 2.9m | 4.1m | 5.5m | 5.1m | 5.7m | 6.2m | 7.0m | 7.7m | 8.2m | 10.0m | 10.6m | 11.2m |
Annual
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 5.8m | 826.2k | 1.6m | 1.4m | 7.9m | 2.9m | 21.4m | 3.7m | 4.0m | 11.5m | 2.3m | 4.2m | 25.5m | 2.2m | 9.0m | 16.8m |
PP&E | 389.1m | 418.8m | 429.0m | 459.6m | 576.6m | 627.6m | 645.4m | 730.4m | 850.2m | 892.0m | 983.9m | 1.1b | 1.1b | 1.3b | 1.3b | 1.4b |
Total Assets | 443.6m | 466.5m | 481.2m | 522.8m | 653.0m | 705.1m | 749.2m | 825.6m | 973.1m | 1.0b | 1.2b | 1.3b | 1.4b | 1.5b | 1.6b | 1.7b |
Accounts Payable | 12.1m |
Annual
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 14.6m | 5.5m | 8.2m | 13.2m | 6.5m | 17.0m | 31.8m | 7.6m | 18.4m | 32.9m | 14.8m | 29.8m | 42.1m | 16.6m | 29.7m |
Depreciation and Amortization | 7.0m | 2.7m | 5.5m | 8.7m | 2.6m | 8.0m | 13.2m | 5.1m | 10.7m | 16.9m | 7.0m | 14.7m | 23.0m | 10.0m | 20.6m |
Accounts Payable | (549.0k) | 176.4k | 229.1k | 2.2m | 1.7m | 2.8m | (590.0k) | 444.0k | 1.8m | ||||||
Cash From Operating Activities | 21.2m | 8.2m | 16.7m | 25.3m | 9.0m | 21.2m | 34.4m | 16.5m | 26.7m | 33.5m | 15.6m | 34.7m | 55.2m | 17.8m | 37.0m |
| USD | Y, 2018 |
|---|---|
Financial Leverage | 1.6 x |
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Agree Realty Online and Social Media Presence
85 Twitter followers
Agree Realty has 85 Twitter Followers. The number of followers has decreased 0.6% month over month and decreased 2.4% quarter over quarter
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Agree Realty News and Updates
December 11, 2018
Agree Realty Announces Sale-Leaseback Transaction With Sherwin-Williams
BLOOMFIELD HILLS, Mich., Dec. 11, 2018 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that through its subsidiary, Agree Development, LLC, a Delaware limited liability company, it entered into a purchase agreement for the acquisition of a portfolio of ...
December 06, 2018
Agree Realty Announces Retirement of Leon Schurgin From Board of Directors
BLOOMFIELD HILLS, Mich., Dec. 6, 2018 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the planned retirement of Leon Schurgin from the Company's Board of Directors (the "Board"), effective December 4, 2018. Mr. Schurgin has served as a Director since...
December 04, 2018
Agree Realty Declares Increased Quarterly Cash Dividend
BLOOMFIELD HILLS, Mich., Dec. 4, 2018 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.555 per common share. This is the Company's 99th consecutive ...
September 27, 2018
Agree Realty Completes $125 Million Private Placement of Senior Unsecured Notes
BLOOMFIELD HILLS, Mich., Sept. 27, 2018 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it has completed a private placement of $125 million of senior unsecured notes (the "Senior Notes") to a group of institutional investors. The Senior Notes...
September 24, 2018
Agree Realty Announces Third Quarter 2018 Earnings Release Date and Conference Call Information
BLOOMFIELD HILLS, Mich., Sept. 24, 2018 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its third quarter 2018 operating results after the market closes on Monday, October 22, 2018. A conference call to discuss the Company's...
September 05, 2018
Agree Realty Announces Pricing of Forward Common Stock Offering
BLOOMFIELD HILLS, Mich., Sept. 5, 2018 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the pricing of its public offering of 3,500,000 shares of its common stock at a public offering price of $55.20 per share in connection with the forward sale...
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Agree Realty Company Life and Culture
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Agree Realty Frequently Asked Questions
When was Agree Realty founded?
Agree Realty was founded in 1971.
How many employees does Agree Realty have?
Agree Realty has 24 employees.
What is Agree Realty revenue?
Latest Agree Realty annual revenue is $116.6 m.
What is Agree Realty revenue per employee?
Latest Agree Realty revenue per employee is $4.9 m.
Who are Agree Realty competitors?
Competitors of Agree Realty include Global Net Lease, Kilroy Realty and Kimco Realty.
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.