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)
Type
Public
HQ
Bloomfield Hills, US
Founded
1971
Size (employees)
24 (est)+20%
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 $91.5 m in FY, 2016 which is a 31% increase from the previous period.
USD

Revenue (FY, 2016)

91.5 m

Revenue growth (FY, 2015 - FY, 2016), %

31%

Net income (FY, 2016)

45.8 m

EBIT (FY, 2016)

51.5 m

Market capitalization (20-Jul-2017)

1.2 b

Closing share price (20-Jul-2017)

47.5

Cash (31-Dec-2016)

33.4 m
Agree Realty's current market capitalization is $1.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

43.5 m53.6 m70 m91.5 m

Revenue growth, %

23%31%31%

General and administrative expense

8 m

Operating expense total

18.1 m25.7 m29.9 m40 m

EBIT

25.4 m27.9 m40.1 m51.5 m

EBIT margin, %

58%52%57%56%

Interest expense

6.5 m8.6 m12.3 m15.3 m

Net Income

20.2 m18.9 m39.8 m45.8 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

14.5 m5.4 m2.7 m33.4 m

PP&E

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

Total Liabilities

426.4 m

Additional Paid-in Capital

313 m388.3 m482.5 m712.1 m

Total Equity

292.2 m356 m453.6 m685.5 m

Financial Leverage

1.6 x1.7 x1.7 x1.6 x
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

Cash From Operating Activities

29.6 m35.1 m44.7 m61.7 m

Cash From Investing Activities

(85.3 m)(147.7 m)(202.8 m)(297.6 m)

Dividends Paid

(20.9 m)(25.4 m)(33 m)(42.1 m)

Cash From Financing Activities

68.9 m103.5 m155.4 m266.5 m

Interest Paid

6.1 m7.8 m11.5 m13.8 m
Y, 2016

Financial Leverage

1.6 x

Agree Realty Market Value History

Agree Realty Online and Social Media Presence

Agree Realty Company Life and Culture

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