Seeking Alpha·5d ago
The Dividend Trap: 3 High-Yield REITs That Look Cheap (But Aren't)High dividend yields can still be value traps. GOOD and GNL face leverage and office exposure risks. BDN's 10% yield may not be sustainable.
Agree Realty Corporation (ADC) is executing an aggressive expansion strategy, with total assets surging 24% year-over-year to $10.6B and revenue growing 16.8% in Q2 2026, driven by record investment activity and a raised full-year guidance to $1.6B-$1.8B. The ...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 16.8% YoY in Q2 2026, reaching $205.1M, while NOI margins remained robust at 87.6%, but FFO per share growth of 6.6% lagged revenue growth, and EPS declined to $0.44, indicating a widening gap between cash earnings and GAAP net income.
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 9/24/2026, 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) |
|---|---|---|
Q3 2026Latest 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 |
Q4 2025 Oct 21, 2025 | $0.45+0.1% vs $0.45 | $183M+1.7% vs $180M |
High dividend yields can still be value traps. GOOD and GNL face leverage and office exposure risks. BDN's 10% yield may not be sustainable.
Merck (NYSE: MRK), known as MSD outside of the United States and Canada, today announced the European Medicines Agency's Committee for Medicinal Products for Hu
ROYAL OAK, Mich.--(BUSINESS WIRE)--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 5.650% senior unsecured notes due 2036 (the “Notes”). The public offering price for the Notes was 98.497% of the principal amount for an effective yield to maturity of 5.849%. The Notes will be senior unsecured obligations of the Operating Partnership, guara.
Generating $23,000 a month from dividends sounds like a seven-figure problem, but the capital required swings wildly depending on which tier of investments you choose and what that choice quietly costs you over two decades.
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 |
|---|---|---|---|---|---|---|---|
| $67.12 | $8.06B | 37.92 | 16.42% | 28.45% | 3.47% | 4.56% | |
| $41.33 | $7.86B | 19.97 | 6.55% | 40.35% | 8.7% | — | |
| $55.61 | $51.86B | 47.53 | 9.07% | 21.81% | 3.25% | — | |
| $26.87 | $5.81B | 20.99 | 24.97% | 40.35% | 6.34% | — | |
| $18.37 | $1.89B | 224.02 | 19.79% | 6.43% | 0.95% | — | |
| $66.49 | $15.15B | 31.51 | 8.89% | 34.33% | 7.81% | — |
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)
Jul 30, 2026·SEC
Jul 2, 2026·SEC
May 14, 2026·SEC
Get notified when ADC posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Agree Realty Corporation (ADC) stock FAQ — growth, dividends, profitability & financials explained
Agree Realty Corporation (ADC) reported $779.6M in revenue for fiscal year 2025. This represents a 4685% increase from $16.3M in 1996.
Agree Realty Corporation (ADC) grew revenue by 16.4% over the past year. This is strong growth.
Yes, Agree Realty Corporation (ADC) is profitable, generating $225.0M in net income for fiscal year 2025 (28.4% net margin).
Yes, Agree Realty Corporation (ADC) pays a dividend with a yield of 4.56%. This makes it attractive for income-focused investors.
Agree Realty Corporation (ADC) has a return on equity (ROE) of 3.5%. This is below average, suggesting room for improvement.
Agree Realty Corporation (ADC) generated Funds From Operations (FFO) of $505.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Agree Realty Corporation (ADC) offers a 4.56% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
