Agree Realty Financials

ADC Stock  USD 61.59  0.15  0.24%   
Based on the key measurements obtained from Agree Realty's financial statements, Agree Realty may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At present, Agree Realty's Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Total Stockholder Equity is expected to grow to about 5.5 B, whereas Retained Earnings are projected to grow to (329.1 M). Key indicators impacting Agree Realty's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.30.3162
Notably Down
Very volatile
Return On Assets0.02080.0219
Notably Down
Slightly volatile
Return On Equity0.03110.0327
Notably Down
Slightly volatile
Debt Equity Ratio0.440.4637
Notably Down
Slightly volatile
Operating Income276.2 M263 M
Sufficiently Up
Slightly volatile
Current Ratio0.580.7966
Way Down
Pretty Stable
Investors should never underestimate Agree Realty's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Agree Realty's cash flow, debt, and profitability to make informed and accurate decisions about investing in Agree Realty.

Cash And Equivalents

26.39 Million

  
Understanding current and past Agree Realty Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Agree Realty's financial statements are interrelated, with each one affecting the others. For example, an increase in Agree Realty's assets may result in an increase in income on the income statement.
The data published in Agree Realty's official financial statements typically reflect Agree Realty's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Agree Realty's quantitative information. For example, before you start analyzing numbers published by Agree accountants, it’s essential to understand Agree Realty's liquidity, profitability, and earnings quality within the context of the Retail REITs space in which it operates.
Please note, the presentation of Agree Realty's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Agree Realty's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Agree Realty's management manipulating its earnings.

Agree Realty Stock Summary

Agree Realty competes with Federal Realty, Regency Centers, Netstreit Corp, Kimco Realty, and Saul Centers. Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. The Companys common stock is listed on the New York Stock Exchange under the symbol ADC. Agree Realty operates under REITRetail classification in the United States and is traded on New York Stock Exchange. It employs 57 people.
Specialization
Real Estate, Equity Real Estate Investment Trusts (REITs)
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS0084921008
CUSIP008492100
LocationMichigan; U.S.A
Business Address32301 Woodward Avenue,
SectorRetail REITs
IndustryReal Estate
BenchmarkNYSE Composite
Websitewww.agreerealty.com
Phone248 737 4190
CurrencyUSD - US Dollar

Agree Realty Key Financial Ratios

Agree Realty's financial ratios allow both analysts and investors to convert raw data from Agree Realty's financial statements into concise, actionable information that can be used to evaluate the performance of Agree Realty over time and compare it to other companies across industries.

Agree Realty Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets2.7B3.9B5.2B6.7B7.8B8.2B
Net Debt856.7M1.2B1.6B1.9B2.5B2.6B
Retained Earnings(57.1M)(91.3M)(147.4M)(228.1M)(346.5M)(329.1M)
Other Assets357.2M3.8B5.1B5.8B6.7B7.0B
Total Liab973.0M1.4B1.8B2.1B2.6B2.7B
Total Current Assets72.7M47.0M104.4M94.8M101.1M106.2M
Other Current Liab(64.0M)(57.5M)(143.1M)(1.8B)24.6M25.8M
Accounts Payable49.0M71.4M70.0M83.7M101.4M106.5M
Cash15.6M6.1M43.3M27.8M14.5M11.4M
Net Receivables26.8M37.8M53.4M65.8M83.0M87.1M
Common Stock5K6K7K9K10K10.5K
Short Term Debt89M92M160M1.8B963K914.9K
Other Liab21.8M29.5M33.1M49.2M56.6M59.4M
Long Term Debt783.3M1.1B1.5B1.9B2.4B2.5B
Other Current Assets26.6M(45.8M)(98.7M)(94.8M)(97.5M)(92.6M)
Inventory3.8M48.8M106.4M95.9M110.3M115.8M
Intangible Assets343.5M473.6M672.0M799.4M854.1M896.8M
Net Tangible Assets1.3B2.1B3.2B3.7B4.2B4.4B
Long Term Debt Total783.3M1.1B1.5B1.9B2.2B2.3B
Capital Surpluse1.8B2.7B3.4B4.7B5.4B5.6B

Agree Realty Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense33.0M44.7M66.4M63.4M76.0M79.8M
Total Revenue187.5M248.6M363.6M463.2M537.5M564.4M
Gross Profit164.0M216.8M298.3M377.5M297.8M312.7M
Operating Income101.1M125.1M190.3M218.1M263.0M276.2M
Ebit101.1M125.1M190.3M218.1M263.0M276.2M
Ebitda136.7M192.2M274.4M343.1M437.7M459.5M
Net Income80.1M91.4M122.3M152.4M170.0M178.5M
Income Tax Expense538K1.1M2.4M2.9M2.9M3.3M
Income Before Tax81.3M93.1M125.3M155.9M176.8M185.6M
Cost Of Revenue23.5M31.8M65.3M85.6M239.7M251.6M
Minority Interest682K591K603K(598K)(555K)(527.3K)
Non Recurring1.6M4.1M1.9M1.0M913.5K867.8K
Interest Income33.1M40.1M50.4M63.4M73.0M76.6M
Tax Provision538K1.1M2.4M2.9M2.9M1.5M
Net Interest Income(33.1M)(40.1M)(50.4M)(63.4M)(75.6M)(71.8M)

Agree Realty Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(11.8M)(34.2M)37.3M(16.3M)(14.4M)(13.7M)
Free Cash Flow126.7M143.0M246.3M362.1M388.1M407.5M
Depreciation59.2M82.6M120.0M166.9M174.6M183.3M
Other Non Cash Items1.3M1.4M3.6M15.0M382.4M401.5M
Dividends Paid90.3M116.1M195.8M227.7M(285.1M)(270.9M)
Capital Expenditures362.9M632.6M732.6M1.3B1.4B1.7B
Net Income80.8M92.0M122.9M153.0M169.6M178.0M
End Period Cash Flow42.2M8.0M45.3M28.9M14.5M11.9M
Change To Inventory1.6M904K(606K)(2.2M)(545.4K)(518.1K)
Change Receivables(6.1M)(12.0M)(16.3M)799K719.1K755.1K
Net Borrowings148.7M345.1M461.1M210.3M241.9M160.1M
Change To Netincome(7.7M)835K(7.0M)(11.0M)(9.9M)(9.4M)
Investments(667.5M)(1.3B)(1.4B)(1.6B)(1.5B)(1.4B)

Agree Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Agree Realty's current stock value. Our valuation model uses many indicators to compare Agree Realty value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Agree Realty competition to find correlations between indicators driving Agree Realty's intrinsic value. More Info.
Agree Realty is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.66  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Agree Realty is roughly  1.52 . At present, Agree Realty's Return On Equity is projected to slightly decrease based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Agree Realty's earnings, one of the primary drivers of an investment's value.

Agree Realty Systematic Risk

Agree Realty's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Agree Realty volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Agree Realty correlated with the market. If Beta is less than 0 Agree Realty generally moves in the opposite direction as compared to the market. If Agree Realty Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Agree Realty is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Agree Realty is generally in the same direction as the market. If Beta > 1 Agree Realty moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Agree Realty Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Agree Realty's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Agree Realty growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(4.4)

At present, Agree Realty's Price Earnings To Growth Ratio is projected to slightly grow based on the last few years of reporting.

Agree Realty June 5, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Agree Realty help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Agree Realty. We use our internally-developed statistical techniques to arrive at the intrinsic value of Agree Realty based on widely used predictive technical indicators. In general, we focus on analyzing Agree Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Agree Realty's daily price indicators and compare them against related drivers.

Complementary Tools for Agree Stock analysis

When running Agree Realty's price analysis, check to measure Agree Realty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Agree Realty is operating at the current time. Most of Agree Realty's value examination focuses on studying past and present price action to predict the probability of Agree Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Agree Realty's price. Additionally, you may evaluate how the addition of Agree Realty to your portfolios can decrease your overall portfolio volatility.
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