Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".
IPO Year:
Exchange: NYSE
Website: agreerealty.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/7/2025 | Buy → Neutral | BTIG Research | |
| 3/4/2025 | $74.00 → $75.00 | Underweight → Equal Weight | Barclays |
| 12/17/2024 | $76.00 | Underweight | Barclays |
| 12/17/2024 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 12/12/2024 | $82.00 | Outperform | Evercore ISI |
| 12/11/2024 | $88.00 | Buy | Deutsche Bank |
| 5/31/2024 | $60.00 | Neutral | UBS |
| 2/13/2024 | $69.00 | Outperform | BMO Capital Markets |
| 1/22/2024 | $71.00 | Mkt Perform → Mkt Outperform | JMP Securities |
| 12/13/2023 | $64.00 | Outperform → Neutral | Exane BNP Paribas |
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Inclusive of Prior Hedging Activity the All-In Interest Rate of the Notes is 5.35% ROYAL OAK, Mich., May 14, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its operating partnership, Agree Limited Partnership (the "Operating Partnership"), priced a public offering of $400 million of its 5.600% senior unsecured notes due 2035 (the "Notes"). The public offering price for the Notes was 99.297% of the principal amount for an effective yield to maturity of 5.692%. The Notes will be senior unsecured obligations of the Operating Partnership, guaranteed by the Company and certain of their subsidiaries. This offering is expected to close on May 23, 2025
ROYAL OAK, Mich., May 13, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.256 per common share. The monthly dividend reflects an annualized dividend amount of $3.072 per common share, representing a 2.4% increase over the annualized dividend amount of $3.00 per common share from the second quarter of 2024. The dividend is payable June 13, 2025 to stockholders of record at the close of business on May 30, 2025. Additionally, the Compa
ROYAL OAK, Mich., April 25, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that it has completed its public offering of 5,175,000 shares of its common stock, which includes the underwriters' full exercise of their option to purchase additional shares, pursuant to the forward sale agreement described below. BofA Securities acted as the sole book-running manager for the offering and Raymond James, Stifel, BTIG, Regions Securities LLC, and SMBC Nikko acted as co-managers for the offering. The Company has entered into a forward sale agreem
ROYAL OAK, Mich., April 23, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced the pricing of its public offering of 4,500,000 shares of its common stock at a public offering price of $75.70 per share in connection with the forward sale agreement described below. The Company also granted the underwriter a 30-day option to purchase up to an additional 675,000 shares of common stock. The offering is expected to close on or about April 25, 2025. BofA Securities is acting as the sole book-running manager for the offering. The Company has enter
ROYAL OAK, Mich., April 23, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that it commenced an underwritten public offering of 4,500,000 shares of its common stock in connection with the forward sale agreement described below. In connection with the offering, the Company expects to grant the underwriter a 30-day option to purchase up to an additional 675,000 shares of common stock. BofA Securities is acting as the sole book-running manager for the offering. The Company expects to enter into a forward sale agreement with Bank of Americ
Raises 2025 Investment Guidance to $1.3 Billion to $1.5 BillionIncreases 2025 AFFO Per Share Guidance to $4.27 to $4.30 ROYAL OAK, Mich., April 22, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended March 31, 2025. All per share amounts included herein are on a diluted per common share basis unless otherwise stated. First Quarter 2025 Financial and Operating Highlights: Invested approximately $377 million in 69 retail net lease propertiesCommenced four development or Developer Funding Platform ("DFP") projec
Increase Results in 2.4% Year-Over-Year Growth ROYAL OAK, Mich., April 10, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.256 per common share, representing a 1.2% month-over-month increase. The monthly dividend reflects an annualized dividend amount of $3.072 per common share, representing a 2.4% increase over the annualized dividend amount of $3.00 per common share from the second quarter of 2024. The dividend is payable May 14, 2025 to stockholders of record at the close of business on April 30, 2025.
ROYAL OAK, Mich., April 2, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its first quarter 2025 operating results after the market closes on Tuesday, April 22, 2025. A conference call to discuss the Company's operating results is scheduled for Wednesday, April 23, 2025 at 9:00 AM ET. Interested parties and shareholders may access the call via teleconference or webcast: Teleconference: USA Toll Free (800) 836-8184 International (646) 357-8785 Webcast: https://app.webinar.net/kAxl7xbrXg5 To participate, please dial
ROYAL OAK, Mich., March 31, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the establishment of its inaugural commercial paper program. The program allows the Company, through its subsidiary, Agree Limited Partnership (the "Issuer"), to issue up to $625 million of short-term, unsecured commercial paper notes. The notes will be sold under customary terms in the United States commercial paper note market and will rank pari passu with all the Issuer's other senior unsecured indebtedness. The notes will be fully and unconditionally guaranteed by the Company and certain of its subsidiaries. Note proceeds will be used for general corporate purposes.
ROYAL OAK, Mich., March 11, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.253 per common share. The monthly dividend reflects an annualized dividend amount of $3.036 per common share, representing a 2.4% increase over the annualized dividend amount of $2.964 per common share from the first quarter of 2024. The dividend is payable April 14, 2025 to stockholders of record at the close of business on March 31, 2025. Additionally, the
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BTIG Research downgraded Agree Realty from Buy to Neutral
Barclays upgraded Agree Realty from Underweight to Equal Weight and set a new price target of $75.00 from $74.00 previously
Barclays initiated coverage of Agree Realty with a rating of Underweight and set a new price target of $76.00
JMP Securities downgraded Agree Realty from Mkt Outperform to Mkt Perform
Evercore ISI initiated coverage of Agree Realty with a rating of Outperform and set a new price target of $82.00
Deutsche Bank initiated coverage of Agree Realty with a rating of Buy and set a new price target of $88.00
UBS initiated coverage of Agree Realty with a rating of Neutral and set a new price target of $60.00
BMO Capital Markets initiated coverage of Agree Realty with a rating of Outperform and set a new price target of $69.00
JMP Securities upgraded Agree Realty from Mkt Perform to Mkt Outperform and set a new price target of $71.00
Exane BNP Paribas downgraded Agree Realty from Outperform to Neutral and set a new price target of $64.00
ROYAL OAK, Mich., May 13, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.256 per common share. The monthly dividend reflects an annualized dividend amount of $3.072 per common share, representing a 2.4% increase over the annualized dividend amount of $3.00 per common share from the second quarter of 2024. The dividend is payable June 13, 2025 to stockholders of record at the close of business on May 30, 2025. Additionally, the Compa
Raises 2025 Investment Guidance to $1.3 Billion to $1.5 BillionIncreases 2025 AFFO Per Share Guidance to $4.27 to $4.30 ROYAL OAK, Mich., April 22, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended March 31, 2025. All per share amounts included herein are on a diluted per common share basis unless otherwise stated. First Quarter 2025 Financial and Operating Highlights: Invested approximately $377 million in 69 retail net lease propertiesCommenced four development or Developer Funding Platform ("DFP") projec
Increase Results in 2.4% Year-Over-Year Growth ROYAL OAK, Mich., April 10, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.256 per common share, representing a 1.2% month-over-month increase. The monthly dividend reflects an annualized dividend amount of $3.072 per common share, representing a 2.4% increase over the annualized dividend amount of $3.00 per common share from the second quarter of 2024. The dividend is payable May 14, 2025 to stockholders of record at the close of business on April 30, 2025.
ROYAL OAK, Mich., April 2, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its first quarter 2025 operating results after the market closes on Tuesday, April 22, 2025. A conference call to discuss the Company's operating results is scheduled for Wednesday, April 23, 2025 at 9:00 AM ET. Interested parties and shareholders may access the call via teleconference or webcast: Teleconference: USA Toll Free (800) 836-8184 International (646) 357-8785 Webcast: https://app.webinar.net/kAxl7xbrXg5 To participate, please dial
ROYAL OAK, Mich., March 11, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.253 per common share. The monthly dividend reflects an annualized dividend amount of $3.036 per common share, representing a 2.4% increase over the annualized dividend amount of $2.964 per common share from the first quarter of 2024. The dividend is payable April 14, 2025 to stockholders of record at the close of business on March 31, 2025. Additionally, the
ROYAL OAK, Mich., Feb. 6, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.253 per common share. The monthly dividend reflects an annualized dividend amount of $3.036 per common share, representing a 2.4% increase over the annualized dividend amount of $2.964 per common share from the first quarter of 2024. The dividend is payable March 14, 2025 to stockholders of record at the close of business on February 28, 2025. Additionally, the
ROYAL OAK, Mich., Jan. 14, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.253 per common share. The monthly dividend reflects an annualized dividend amount of $3.036 per common share, representing a 2.4% increase over the annualized dividend amount of $2.964 per common share from the first quarter of 2024. The dividend is payable February 14, 2025 to stockholders of record at the close of business on January 31, 2025. Additionally,
ROYAL OAK, Mich., Jan. 7, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that it will release its fourth quarter and full year 2024 operating results after the market closes on Tuesday, February 11, 2025. A conference call to discuss the Company's operating results is scheduled for Wednesday, February 12, 2025, at 9:00 AM ET. Interested parties and shareholders may access the call via teleconference or webcast: Teleconference: USA Toll Free (800) 836-8184 International (646) 357-8785 Webcast: https://app.webinar.net/bymjnryaxq7 To part
ROYAL OAK, Mich., Dec. 12, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.253 per common share. The monthly dividend reflects an annualized dividend amount of $3.036 per common share, representing a 2.4% increase over the annualized dividend amount of $2.964 per common share from the fourth quarter of 2023. The dividend is payable January 15, 2025 to stockholders of record at the close of business on December 31, 2024. Additionally
ROYAL OAK, Mich., Nov. 12, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.253 per common share. The monthly dividend reflects an annualized dividend amount of $3.036 per common share, representing a 2.4% increase over the annualized dividend amount of $2.964 per common share from the fourth quarter of 2023. The dividend is payable December 13, 2024 to stockholders of record at the close of business on November 29, 2024. Additionally
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ROYAL OAK, Mich., Dec. 11, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that Linglong He will join the Company's Board of Directors (the "Board"), effective January 1, 2024. Ms. He is currently the Chief Leadership Advisor at Rocket Central, where she is responsible for executive leadership development for Rocket Companies, Inc. (NYSE:RKT). She co-founded Rocket Central and previously served as President and Chief Operating Officer. Prior to that role, Ms. He served as Chief Information Officer of Rocket Mortgage, one of the nation's
BLOOMFIELD HILLS, Mich., Sept. 13, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that Michael Judlowe has joined the Company's Board of Directors (the "Board"). Mr. Judlowe most recently spent the last 10 years at Jefferies Group, where he helped establish the Real Estate Equity Capital Markets practice, joining as Managing Director and subsequently being named Co-Head of Equity Capital Markets Americas in 2013. Additionally, he served as Chairman of the US Real Estate, Gaming and Lodging Investment Banking practice from June 2019 to
BLOOMFIELD HILLS, Mich., Aug. 11, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that Simon Leopold has resigned from his positions as Executive Vice President, Chief Financial Officer and Secretary of the Company effective immediately. The Board of Directors also announced that it will commence a formal search, which will consider internal and external candidates, for a new Chief Financial Officer. Peter Coughenour, current Vice President, Corporate Finance who joined the Company in 2015, has been appointed to the position of inter
BLOOMFIELD HILLS, Mich., Feb. 22, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that effective immediately Ambassador John Rakolta Jr. has rejoined the Company's Board of Directors (the "Board"). Ambassador Rakolta served on the Company's Board from 2011 until his confirmation as United States Ambassador to the United Arab Emirates in September 2019. Mr. Rakolta currently serves as the Chairman of Walbridge, one of the country's largest construction companies. "We are extremely pleased to welcome John back to our Board of Directors," said Joey Agree, President and Chief Executive Officer. "His intellect, leadership, foresight and vision helped
BLOOMFIELD HILLS, Mich., Jan. 14, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.207 per common share. This represents the Company's inaugural monthly cash dividend. The new monthly dividend reflects an annualized dividend amount of $2.484 per common share, representing a 6.2% increase over the annualized dividend amount of $2.340 per common share from the first quarter of 2020. The dividend is payable February 12, 2021 to shareholders of record at the close of business on January 29, 2021. About Agree Realty Corporation Agree Realty Corporatio
BLOOMFIELD HILLS, Mich., Jan. 4, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the launch of its RETHINK RETAIL initiative, new corporate website and collateral materials, as well as a transition to a monthly dividend. RETHINK RETAIL Initiative & New Corporate Website The Company's RETHINK RETAIL initiative seeks to challenge the misperceptions about the future of brick & mortar retail and further position the Company as a thought leader in the evolution of omni-channel retail. Included in the new website are 3-D animations, exclusive original content and unique insights into the changing retail landscape. The new website also includes enhanced
BLOOMFIELD HILLS, Mich., Dec. 3, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that Karen J. Dearing has joined the Company's Board of Directors (the "Board") and will serve as a member of the Company's Audit Committee. Ms. Dearing currently serves as the Chief Financial Officer, Secretary, Treasurer and Executive Vice President of Sun Communities, Inc. (NYSE: SUI) ("Sun Communities"), a position she has held since 2008. Prior to joining Sun Communities in 1998, Ms. Dearing had over seven years of experience as the Financial Controller of a privately-owned automotive supplier and over four years of experience as a certified public accountant w
BLOOMFIELD HILLS, Mich., Dec. 1, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today declared an increased quarterly cash dividend and provided an update on November rent collections. Fourth Quarter 2020 Dividend The Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.620 per common share. This is the Company's 107th consecutive cash dividend and represents a 3.3% increase over the previous quarterly dividend and a 6.0% increase over the quarterly dividend declared in the fourth quarter of 2019. The dividend is payable January 6, 2021 to shareholders of record at the close of business on December 23, 2020. Novem