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Agree Realty (ADC)

(Real Time Quote from BATS)

$59.64 USD

59.64
175,410

+0.15 (0.25%)

Updated May 10, 2024 01:20 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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D Value C Growth B Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 38% (94 out of 250)

Industry: REIT and Equity Trust - Retail

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Income Statements

Research for ADC

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year end for Agree Realty Corporation falls in the month of December .

All items in Millions except EPS data.

12/31/23 12/31/22 12/31/21 12/31/20 12/31/19
Sales 538 430 339 249 187
Cost Of Goods 67 52 41 32 24
Gross Profit 471 378 298 217 164
Selling & Adminstrative & Depr. & Amort Expenses 216 159 108 92 63
Income After Depreciation & Amortization 254 218 190 125 101
Non-Operating Income -3 -2 -17 7 13
Interest Expense 81 63 50 40 33
Pretax Income 171 153 123 92 81
Income Taxes 0 0 0 0 0
Minority Interest 1 1 1 1 1
Investment Gains/Losses 0 0 0 0 0
Other Income/Charges 0 0 0 0 0
Income From Cont. Operations 171 153 123 92 81
Extras & Discontinued Operations 0 0 0 0 0
Net Income (GAAP) 170 152 122 91 80
Depreciation Footnote 12/31/23 12/31/22 12/31/21 12/31/20 12/31/19
Income Before Depreciation & Amortization 469 389 313 209 162
Depreciation & Amortization (Cash Flow) 214 171 122 84 60
Income After Depreciation & Amortization 254 218 190 125 101
Earnings Per Share Data 12/31/23 12/31/22 12/31/21 12/31/20 12/31/19
Average Shares 95.44 79.16 67.14 52.40 41.22
Diluted EPS Before Non-Recurring Items 1.70 1.83 1.78 1.74 2.27
Diluted Net EPS (GAAP) 1.70 1.83 1.78 1.74 1.93

Fiscal Year end for Agree Realty Corporation falls in the month of December .

All items in Millions except EPS data.

3/31/24 12/31/23 9/30/23 6/30/23 3/31/23
Sales 149.45 144.17 136.81 129.90 126.62
Cost Of Goods 18.49 17.92 16.05 16.11 16.64
Gross Profit 130.96 126.25 120.76 113.80 109.97
SG&A, R&D, and Dept/Amort Expenses 60.46 57.08 57.69 52.17 49.47
Income After SG&A, R&D, and Dept/Amort Expenses 70.50 69.17 63.07 61.63 60.50
Non-Operating Income -1.03 -0.70 -0.62 -0.67 -0.74
Interest Expense 24.45 22.37 20.80 19.95 18.00
Pretax Income 45.01 46.10 41.66 41.01 41.77
Income Taxes 0.00 0.00 0.00 0.00 0.00
Minority Interest 0.16 0.15 0.14 0.15 0.16
Investment Gains/Losses 0.00 0.00 0.00 0.00 0.00
Other Income/Charges 0.00 0.00 0.00 0.00 0.00
Income From Cont. Operations 45.01 46.10 41.66 41.01 41.77
Extras & Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Net Income (GAAP) 44.86 45.96 41.52 40.87 41.61
Earnings Per Share Data 3/31/24 12/31/23 9/30/23 6/30/23 3/31/23
Average Shares 100.34 100.40 97.35 93.13 90.55
Diluted EPS Before Non-Recurring Items 0.43 0.44 0.41 0.42 0.44
Diluted Net EPS (GAAP) 0.43 0.43 0.41 0.42 0.44