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. As of September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".
IPO Year:
Exchange: NYSE
Website: agreerealty.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/7/2025 | Buy → Neutral | BTIG Research | |
| 3/4/2025 | $74.00 → $75.00 | Underweight → Equal Weight | Barclays |
| 12/17/2024 | $76.00 | Underweight | Barclays |
| 12/17/2024 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 12/12/2024 | $82.00 | Outperform | Evercore ISI |
| 12/11/2024 | $88.00 | Buy | Deutsche Bank |
| 5/31/2024 | $60.00 | Neutral | UBS |
| 2/13/2024 | $69.00 | Outperform | BMO Capital Markets |
| 1/22/2024 | $71.00 | Mkt Perform → Mkt Outperform | JMP Securities |
| 12/13/2023 | $64.00 | Outperform → Neutral | Exane BNP Paribas |
ROYAL OAK, Mich., June 10, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.256 per common share. The monthly dividend reflects an annualized dividend amount of $3.072 per common share, representing a 2.4% increase over the annualized dividend amount of $3.00 per common share from the second quarter of 2024. The dividend is payable July 15, 2025 to stockholders of record at the close of business on June 30, 2025. Additionally, the Comp
Inclusive of Prior Hedging Activity the All-In Interest Rate of the Notes is 5.35% ROYAL OAK, Mich., May 14, 2025 /PRNewswire/ -- 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 5.600% senior unsecured notes due 2035 (the "Notes"). The public offering price for the Notes was 99.297% of the principal amount for an effective yield to maturity of 5.692%. The Notes will be senior unsecured obligations of the Operating Partnership, guaranteed by the Company and certain of their subsidiaries. This offering is expected to close on May 23, 2025
ROYAL OAK, Mich., May 13, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.256 per common share. The monthly dividend reflects an annualized dividend amount of $3.072 per common share, representing a 2.4% increase over the annualized dividend amount of $3.00 per common share from the second quarter of 2024. The dividend is payable June 13, 2025 to stockholders of record at the close of business on May 30, 2025. Additionally, the Compa
ROYAL OAK, Mich., April 25, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that it has completed its public offering of 5,175,000 shares of its common stock, which includes the underwriters' full exercise of their option to purchase additional shares, pursuant to the forward sale agreement described below. BofA Securities acted as the sole book-running manager for the offering and Raymond James, Stifel, BTIG, Regions Securities LLC, and SMBC Nikko acted as co-managers for the offering. The Company has entered into a forward sale agreem
ROYAL OAK, Mich., April 23, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced the pricing of its public offering of 4,500,000 shares of its common stock at a public offering price of $75.70 per share in connection with the forward sale agreement described below. The Company also granted the underwriter a 30-day option to purchase up to an additional 675,000 shares of common stock. The offering is expected to close on or about April 25, 2025. BofA Securities is acting as the sole book-running manager for the offering. The Company has enter
ROYAL OAK, Mich., April 23, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that it commenced an underwritten public offering of 4,500,000 shares of its common stock in connection with the forward sale agreement described below. In connection with the offering, the Company expects to grant the underwriter a 30-day option to purchase up to an additional 675,000 shares of common stock. BofA Securities is acting as the sole book-running manager for the offering. The Company expects to enter into a forward sale agreement with Bank of Americ
Raises 2025 Investment Guidance to $1.3 Billion to $1.5 BillionIncreases 2025 AFFO Per Share Guidance to $4.27 to $4.30 ROYAL OAK, Mich., April 22, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended March 31, 2025. All per share amounts included herein are on a diluted per common share basis unless otherwise stated. First Quarter 2025 Financial and Operating Highlights: Invested approximately $377 million in 69 retail net lease propertiesCommenced four development or Developer Funding Platform ("DFP") projec
Increase Results in 2.4% Year-Over-Year Growth ROYAL OAK, Mich., April 10, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.256 per common share, representing a 1.2% month-over-month increase. The monthly dividend reflects an annualized dividend amount of $3.072 per common share, representing a 2.4% increase over the annualized dividend amount of $3.00 per common share from the second quarter of 2024. The dividend is payable May 14, 2025 to stockholders of record at the close of business on April 30, 2025.
ROYAL OAK, Mich., April 2, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its first quarter 2025 operating results after the market closes on Tuesday, April 22, 2025. A conference call to discuss the Company's operating results is scheduled for Wednesday, April 23, 2025 at 9:00 AM ET. Interested parties and shareholders may access the call via teleconference or webcast: Teleconference: USA Toll Free (800) 836-8184 International (646) 357-8785 Webcast: https://app.webinar.net/kAxl7xbrXg5 To participate, please dial
ROYAL OAK, Mich., March 31, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the establishment of its inaugural commercial paper program. The program allows the Company, through its subsidiary, Agree Limited Partnership (the "Issuer"), to issue up to $625 million of short-term, unsecured commercial paper notes. The notes will be sold under customary terms in the United States commercial paper note market and will rank pari passu with all the Issuer's other senior unsecured indebtedness. The notes will be fully and unconditionally guaranteed by the Company and certain of its subsidiaries. Note proceeds will be used for general corporate purposes.
BTIG Research downgraded Agree Realty from Buy to Neutral
Barclays upgraded Agree Realty from Underweight to Equal Weight and set a new price target of $75.00 from $74.00 previously
Barclays initiated coverage of Agree Realty with a rating of Underweight and set a new price target of $76.00
JMP Securities downgraded Agree Realty from Mkt Outperform to Mkt Perform
Evercore ISI initiated coverage of Agree Realty with a rating of Outperform and set a new price target of $82.00
Deutsche Bank initiated coverage of Agree Realty with a rating of Buy and set a new price target of $88.00
UBS initiated coverage of Agree Realty with a rating of Neutral and set a new price target of $60.00
BMO Capital Markets initiated coverage of Agree Realty with a rating of Outperform and set a new price target of $69.00
JMP Securities upgraded Agree Realty from Mkt Perform to Mkt Outperform and set a new price target of $71.00
Exane BNP Paribas downgraded Agree Realty from Outperform to Neutral and set a new price target of $64.00
8-K - AGREE REALTY CORP (0000917251) (Filer)
8-K - AGREE REALTY CORP (0000917251) (Filer)
8-K - AGREE REALTY CORP (0000917251) (Filer)
424B5 - AGREE REALTY CORP (0000917251) (Filer)
FWP - AGREE REALTY CORP (0000917251) (Subject)
FWP - AGREE REALTY CORP (0000917251) (Subject)
POSASR - AGREE REALTY CORP (0000917251) (Filer)
8-K - AGREE REALTY CORP (0000917251) (Filer)
424B5 - AGREE REALTY CORP (0000917251) (Filer)
424B5 - AGREE REALTY CORP (0000917251) (Filer)