Agree Realty (NYSE:ADC) Issues FY 2026 Earnings Guidance

Agree Realty (NYSE:ADC) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 4.580-4.590 for the period, compared to the consensus earnings per share estimate of 4.450.

Agree Realty Trading Down 4.0%

ADC traded down $2.67 during trading on Wednesday, hitting $64.41. 2,347,103 shares of the company’s stock were exchanged, compared to its average volume of 1,345,014. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. Agree Realty has a 1 year low of $64.34 and a 1 year high of $82.08. The stock has a 50 day moving average price of $69.91 and a 200 day moving average price of $74.20. The firm has a market cap of $8.01 billion, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 2.21 and a beta of 0.42.

Agree Realty (NYSE:ADC) last released its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.68. Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The company had revenue of $213.88 million during the quarter, compared to analyst estimates of $211.52 million. During the same quarter in the prior year, the business earned $1.10 earnings per share. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, analysts expect that Agree Realty will post 4.45 EPS for the current fiscal year.

Agree Realty Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a $0.2710 dividend. The ex-dividend date is Friday, October 30th. This represents a $3.25 annualized dividend and a yield of 5.0%. This is an increase from Agree Realty’s previous monthly dividend of $0.2670. Agree Realty’s payout ratio is currently 172.04%.

Wall Street Analyst Weigh In

Several research analysts have commented on ADC shares. Robert W. Baird cut their price objective on Agree Realty from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday. Barclays reduced their price objective on Agree Realty from $85.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Tuesday. BNP Paribas Exane decreased their target price on Agree Realty from $84.00 to $74.00 and set a “neutral” rating for the company in a research report on Wednesday. Mizuho decreased their target price on Agree Realty from $80.00 to $72.00 and set a “neutral” rating for the company in a research report on Thursday, September 17th. Finally, Wall Street Zen lowered Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.82.

Insider Activity

In other news, CEO Joey Agree purchased 7,360 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were purchased at an average price of $68.06 per share, with a total value of $500,921.60. Following the purchase, the chief executive officer directly owned 682,465 shares of the company’s stock, valued at approximately $46,448,567.90. This represents a 1.09% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Craig Erlich purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were purchased at an average cost of $67.55 per share, for a total transaction of $67,550.00. Following the purchase, the insider directly owned 60,388 shares in the company, valued at $4,079,209.40. This trade represents a 1.68% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 48,496 shares of company stock worth $3,418,670. 1.80% of the stock is currently owned by company insiders.

More Agree Realty News

Here are the key news stories impacting Agree Realty this week:

• Positive Sentiment: Third-quarter results exceeded expectations. Agree Realty reported adjusted FFO of $1.15 per share, ahead of the $1.14 consensus estimate and up from $1.10 a year earlier. Revenue rose 16.7% year over year to $213.9 million, slightly above expectations. Agree Realty Beats Q3 FFO and Revenue Estimates
• Positive Sentiment: Management raised full-year guidance. Agree Realty increased its 2026 AFFO-per-share outlook to $4.58-$4.59. The retail net-lease REIT also reported a highly occupied portfolio—approximately 99.8% leased—along with $2.0 billion of liquidity and $357.7 million of third-quarter property investments. Agree Realty Reports Third-Quarter Results
• Neutral Sentiment: Analysts still see upside, but estimates are being reset. Robert W. Baird lowered its target from $77 to $76 while retaining an “outperform” rating. Wells Fargo reportedly reduced its target to $79, and BNP Paribas Exane cut its target from $84 to $74 and moved to “neutral.” The lower targets may weigh on sentiment even though they remain above the current share price. Wells Fargo Cuts Agree Realty Price Target
• Negative Sentiment: Capital raising increases near-term concerns. Agree Realty issued $400 million of senior notes and settled 5.7 million forward-equity shares for $425.7 million during the quarter. While these transactions support acquisitions and liquidity, the debt expense and potential equity dilution can limit per-share growth and may contribute to the stock’s weakness. Agree Realty Reports Third-Quarter Earnings

Agree Realty Company Profile

Agree Realty Corporation is a real estate investment trust (REIT) that acquires, develops, and manages retail properties across the United States. The company primarily uses a net-lease structure, under which tenants generally are responsible for property-level operating expenses such as taxes, insurance, and maintenance.

Its portfolio is focused mainly on essential retail properties occupied by nationally recognized and regional tenants, including grocery stores, home improvement retailers, dollar stores, pharmacies, and other necessity-based businesses.