Agree Realty Corporation

As of June 30, 2026, Agree Realty Corporation carries a market capitalization of 8.09B, placing it among publicly traded companies globally. Its enterprise value stands at 11.64B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Agree Realty Corporation's next confirmed earnings release is scheduled for February 16, 2027.

As of June 30, 2026, Agree Realty Corporation has 120.10M shares outstanding.

As of June 30, 2026, Agree Realty Corporation trades at a trailing price-to-earnings ratio of 41.24. The price-to-sales ratio is 11.50, and the price-to-book ratio stands at 1.46.

As of June 30, 2026, Agree Realty Corporation trades at an EV/EBITDA multiple of 19.70 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 17.06 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 35.61 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. Agree Realty Corporation trades at an EV/FCF ratio of 19.54, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 11.64B versus a market cap of 8.09B, with the gap driven by net debt and cash on the balance sheet.

As of June 30, 2026, Agree Realty Corporation maintains a current ratio of 0.87, meaning it holds 0.9x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 59.69, indicating elevated leverage, while an interest coverage ratio of 4.57 demonstrates adequate ability to service its debt obligations.

Over the twelve months ended June 30, 2026, Agree Realty Corporation posted a return on equity (ROE) of 3.68, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 3.84 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 2.29, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 3.84, useful for judging operating efficiency across full business cycles. The company generates approximately 7.91M in revenue per employee across its workforce of 86.25, a quick read on workforce productivity versus industry peers.

Over the twelve months ended June 30, 2026, Agree Realty Corporation recorded 1.19M in income tax expense. That works out to an effective tax rate of 0.60, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 198.60M, leaving 196.82M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

These figures are as of the close on October 22, 2026. The 50-day moving average sits at 60.46, while the 200-day moving average is 64.22.

Over the twelve months ended June 30, 2026, Agree Realty Corporation generated 682.40M in revenue and converted that into 196.82M in net income, yielding earnings per share of 1.69. EBITDA reached 591.01M, while operating income came in at 330.50M.

As of June 30, 2026, Agree Realty Corporation holds 10.96M in cash and equivalents against 3.41B in total debt, resulting in a net debt position of 3.33B. Total book value stands at 5.55B, with working capital of -19.90M providing operational flexibility.

Agree Realty Corporation produced 467.38M in operating cash flow over the twelve months ended June 30, 2026.

Over the twelve months ended June 30, 2026, Agree Realty Corporation posted a gross margin of 87.66, reflecting its pricing power and cost economics. The operating margin of 48.43 and net profit margin of 28.84 provide insight into operational efficiency.

Over the twelve months ended June 30, 2026, Agree Realty Corporation paid dividends of 2.80 per share. The dividend payout ratio of 166.92 exceeds 100%, meaning the company is distributing more than it earns and funding the dividend from cash reserves, asset sales, or borrowing, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 5.93, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield is negative at -13.07, meaning Agree Realty Corporation raised more capital through share issuance and new debt than it returned via dividends and buybacks.

As of June 30, 2026, Agree Realty Corporation has an Altman Z-Score of 1.47, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.