ADC's triple-net platform has scaled total assets 37.5% from $8.0B (2024Q2) to $11.0B (2026Q3) on sustained 16-18% year-over-year revenue growth, materially ahead of Realty Income's 9.1% and NNN REIT's 6.6%, underpinned by 87-88% NOI margins and a sector-leading 0.54 debt-to-equity ratio versus peers at 0.82-1.09.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue advanced to $213.9M in 2026Q3 on 16.7% growth with NOI margin recovering to 87.7% after the anomalous 20.0% printed in 2026Q2, though FFO per share of $1.13 merely matches the level reached in 2025Q4, indicating per-share accretion has stalled.
ADC's strategy of leasing to industry-leading, omni-channel retail tenants provides a stable and diverse income stream.
The company maintains a robust balance sheet with significant liquidity, evidenced by a $2.2 billion total liquidity position and a $350 million unsecured term loan that can be expanded. This financial strength positions ADC for continued growth and development.
Agree Realty has a leading pace in acquiring properties, with a massive $1.55 billion investment in 2025 across 338 retail net lease properties. This aggressive expansion strategy is seen as a positive indicator of future momentum.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 20, 2026 | $1.15+143.2% vs $0.47 | $214M+1.1% vs $212M |
Q3 2026 Jul 30, 2026 | $0.44-7.6% vs $0.48 | $205M+0.3% vs $205M |
Q2 2026 Apr 21, 2026 | $0.50+4.4% vs $0.48 | $201M+2.5% vs $196M |
Q1 2026 Feb 10, 2026 | $0.47-0.1% vs $0.47 | $190M+2.6% vs $186M |
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
Converting everything at once sounds like the clean way to escape future taxes, but it may hand the IRS a bill hundreds of thousands of dollars larger than necessary. A 66-year-old has one calendar deadline, and the smarter path has a catch.
ADC Therapeutics NYSE: ADCT outlined new lymphoma data and plans for further studies of its cancer drug ZYNLONTA, while reporting preliminary third-quarter sales of approximately $21 million and an expected cash runway into 2029.
Most dividend stocks pay quarterly, leaving retirees to juggle bills against an awkward schedule.
Benchmark ADC against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Agree Realty Corporation (ADC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $69.87 | $8.39B | 36.08 | 16.42% | 29.78% | 3.72% | 4.38% | |
| $41.12 | $7.82B | 19.78 | 6.55% | 40.89% | 8.93% | 5.73% | |
| $59.04 | $55.05B | 39.76 | 9.07% | 23.15% | 3.4% | 5.47% | |
| $27.97 | $6.05B | 23.35 | 24.97% | 38.17% | 5.95% | 4.15% | |
| $18.80 | $2.03B | 93.44 | 19.79% | 9.3% | 1.33% | 4.46% | |
| $65.05 | $14.82B | 23.13 | 8.89% | 38.11% | 7.67% | 5.49% |
Agree Realty Corporation (ADC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Agree Realty Corporation (ADC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 20, 2026·SEC
Oct 2, 2026·SEC
Sep 22, 2026·SEC
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Agree Realty Corporation (ADC) stock FAQ — growth, dividends, profitability & financials explained
Agree Realty Corporation (ADC) reported $810.3M in revenue over the trailing twelve months. Revenue was $718.4M in fiscal year 2025. That is 4310% more than the $16.3M of fiscal year 1996.
Agree Realty Corporation (ADC) grew revenue by 17.7% over the trailing twelve months, compared with the twelve months before.
Yes. Agree Realty Corporation (ADC) earned $241.3M in net income over the trailing twelve months (a 29.8% net margin).
Yes. Agree Realty Corporation (ADC) pays a dividend that yields 4.38% at the current price, a high yield.
Agree Realty Corporation (ADC) had a return on equity (ROE) of 3.7% over the trailing twelve months. That is below the market's typical 10-15%.
Agree Realty Corporation (ADC) generated Funds From Operations (FFO) of $522.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Agree Realty Corporation (ADC) offers a 4.38% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
