Agree Realty

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.
Company Growth (employees)
Bloomfield Hills, US
Size (employees)
24 (est)
Agree Realty was founded in 1971 and is headquartered in Bloomfield Hills, US

Agree Realty Office Locations

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

Agree Realty Financials

Agree Realty's revenue was reported to be $91.5 m in FY, 2016

Revenue (Q3, 2017)

30.4 m

Net income (Q3, 2017)

12.3 m

EBIT (Q3, 2017)

16.4 m

Market capitalization (22-Dec-2017)

1.5 b

Cash (30-Sep-2017)

25.5 m
Agree Realty's current market capitalization is $1.5 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016


43.5 m53.6 m70 m91.5 m

Revenue growth, %


General and administrative expense

8 m

Operating expense total

8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


17.2 m17.8 m20.2 m21.8 m24.2 m26.6 m28.1 m30.4 m

General and administrative expense

1.7 m1.8 m2 m2 m2 m2.6 m2.6 m2.5 m

Operating expense total

7.3 m8.6 m9 m10.2 m10 m12.4 m13.4 m14 m


9.9 m9.2 m11.2 m11.6 m14.2 m14.2 m14.7 m16.4 m
USDFY, 2013FY, 2014FY, 2015FY, 2016


14.5 m5.4 m2.7 m33.4 m


398.9 m529.8 m695.8 m943.5 m

Total Assets

462.7 m593.6 m792.5 m1.1 b

Accounts Payable

470.9 k721.5 k962.8 k29.2 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


5.8 m826.2 k1.6 m1.4 m7.9 m2.9 m21.4 m3.7 m4 m11.5 m2.3 m4.2 m25.5 m


389.1 m418.8 m429 m459.6 m576.6 m627.6 m645.4 m730.4 m850.2 m892 m983.9 m1.1 b1.1 b

Total Assets

443.6 m466.5 m481.2 m522.8 m653 m705.1 m749.2 m825.6 m973.1 m1 b1.2 b1.3 b1.4 b

Total Liabilities

200.6 m175.3 m194.2 m236.2 m300.2 m334.4 m349.6 m375.1 m414.4 m463.4 m470.7 m490.9 m544.2 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

20.2 m18.9 m39.8 m45.8 m

Depreciation and Amortization

7 m8.5 m11.5 m23.4 m

Accounts Receivable

(1.1 m)(1.2 m)(2.9 m)(4.1 m)

Accounts Payable

838.5 k(167.3 k)1 m2 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

14.6 m5.5 m8.2 m13.2 m6.5 m17 m31.8 m7.6 m18.4 m32.9 m14.8 m29.8 m42.1 m

Depreciation and Amortization

5.1 m2 m4 m6.1 m2.6 m5.5 m8.8 m3.4 m7 m11 m4.5 m9.2 m14.4 m

Accounts Receivable

(201.1 k)(42.3 k)(530.9 k)(755.8 k)(415.4 k)(1.2 m)(1.6 m)(388.8 k)(2.6 m)(3.2 m)(1.6 m)(2.8 m)(4.2 m)

Accounts Payable

(549 k)176.4 k229.1 k2.2 m1.7 m2.8 m(590 k)444 k1.8 m
USDY, 2017


1.3 m

Financial Leverage

1.7 x
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Agree Realty Market Value History

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