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.
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Employee Rating

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TypePublic
HQBloomfield Hills, US
Founded1971
Size (employees)24 (est)
Websiteagreerealty.com
Agree Realty was founded in 1971 and is headquartered in Bloomfield Hills, US
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Agree Realty Office Locations

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
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

43.5m53.6m70.0m91.5m116.6m

Revenue growth, %

23%31%31%

General and administrative expense

6.0m7.0m8.0m9.9m

Operating expense total

18.1m29.9m40.0m54.2m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

11.6m12.6m12.9m13.8m17.2m17.8m20.2m21.8m24.2m26.6m28.1m30.4m34.6m35.7m37.3m

General and administrative expense

1.6m1.6m1.6m1.7m1.7m1.8m2.0m2.0m2.0m2.6m2.6m2.5m2.9m3.2m2.9m

Operating expense total

5.3m5.4m8.3m6.1m7.3m8.6m9.0m10.2m10.0m12.4m13.4m14.0m16.9m17.8m18.4m

Depreciation and amortization

2.2m2.5m2.6m2.9m4.1m5.5m5.1m5.7m6.2m7.0m7.7m8.2m10.0m10.6m11.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

14.5m5.4m2.7m33.4m50.8m

Accounts Receivable

Inventories

PP&E

398.9m529.8m695.8m943.5m1.2b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

5.8m826.2k1.6m1.4m7.9m2.9m21.4m3.7m4.0m11.5m2.3m4.2m25.5m2.2m9.0m16.8m

PP&E

389.1m418.8m429.0m459.6m576.6m627.6m645.4m730.4m850.2m892.0m983.9m1.1b1.1b1.3b1.3b1.4b

Total Assets

443.6m466.5m481.2m522.8m653.0m705.1m749.2m825.6m973.1m1.0b1.2b1.3b1.4b1.5b1.6b1.7b

Accounts Payable

12.1m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

20.2m18.9m39.8m45.8m58.8m

Depreciation and Amortization

9.5m8.5m16.5m23.4m31.8m

Inventories

Accounts Payable

838.5k(167.3k)1.0m2.0m5.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

14.6m5.5m8.2m13.2m6.5m17.0m31.8m7.6m18.4m32.9m14.8m29.8m42.1m16.6m29.7m

Depreciation and Amortization

7.0m2.7m5.5m8.7m2.6m8.0m13.2m5.1m10.7m16.9m7.0m14.7m23.0m10.0m20.6m

Accounts Payable

(549.0k)176.4k229.1k2.2m1.7m2.8m(590.0k)444.0k1.8m

Cash From Operating Activities

21.2m8.2m16.7m25.3m9.0m21.2m34.4m16.5m26.7m33.5m15.6m34.7m55.2m17.8m37.0m
USDY, 2018

Financial Leverage

1.6 x
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Agree Realty Online and Social Media Presence

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Agree Realty News and Updates

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 ...

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...

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 ...

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...

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...

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.