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)
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
Agree Realty Data and Metrics
Agree Realty Financial Metrics
Agree Realty's revenue was reported to be $26.6 m in Q1, 2017
USD
Revenue (Q1, 2017) | 26.6 m |
Net income (Q1, 2017) | 14.8 m |
EBIT (Q1, 2017) | 14.2 m |
Market capitalization (19-Sep-2017) | 1.3 b |
Cash (31-Mar-2017) | 2.3 m |
Agree Realty's current market capitalization is $1.3 b.
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 43.5 m | 53.6 m | 70 m | 91.5 m |
Revenue growth, % | 23% | 31% | 31% | |
General and administrative expense | 8 m | |||
Operating expense total | 8 m |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 17.2 m | 17.8 m | 20.2 m | 21.8 m | 24.2 m | 26.6 m | |||
General and administrative expense | 1.7 m | 1.8 m | 2 m | 2 m | 2 m | 2.6 m | |||
Operating expense total | 1.7 m | 1.8 m | 2 m | 2 m | 2 m | 2.6 m | |||
EBIT | 9.9 m | 9.2 m | 11.2 m | 11.6 m | 14.2 m | 14.2 m |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 14.5 m | 5.4 m | 2.7 m | 33.4 m |
PP&E | 398.9 m | 529.8 m | 695.8 m | 943.5 m |
Total Assets | 462.7 m | 593.6 m | 792.5 m | 1.1 b |
Accounts Payable | 470.9 k | 721.5 k | 962.8 k | 29.2 m |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 1.6 m | 1.4 m | 7.9 m | 2.9 m | 21.4 m | 3.7 m | 4 m | 11.5 m | 2.3 m |
PP&E | 429 m | 459.6 m | 576.6 m | 627.6 m | 645.4 m | 730.4 m | 850.2 m | 892 m | 983.9 m |
Total Assets | 481.2 m | 522.8 m | 653 m | 705.1 m | 749.2 m | 825.6 m | 973.1 m | 1 b | 1.2 b |
Additional Paid-in Capital | 314 m | 314.5 m | 388.7 m | 402.9 m | 428.6 m | 484.5 m | 595.1 m | 607.6 m | 711.8 m |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | 20.2 m | 18.9 m | 39.8 m | 45.8 m |
Depreciation and Amortization | 7 m | 8.5 m | 11.5 m | 23.4 m |
Accounts Receivable | (1.1 m) | (1.2 m) | (2.9 m) | (4.1 m) |
Accounts Payable | 838.5 k | (167.3 k) | 1 m | 2 m |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 8.2 m | 13.2 m | 6.5 m | 17 m | 31.8 m | 7.6 m | 18.4 m | 32.9 m | 14.8 m |
Depreciation and Amortization | 4 m | 6.1 m | 2.6 m | 5.5 m | 8.8 m | 3.4 m | 7 m | 11 m | 4.5 m |
Accounts Receivable | (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) |
Accounts Payable | 176.4 k | 229.1 k | 2.2 m | 1.7 m | 2.8 m | (590 k) |
| USD | Y, 2017 |
|---|---|
Revenue/Employee | 1.1 m |
Financial Leverage | 1.7 x |
