Agree Realty Corporation (ADC) to Issue Quarterly Dividend of $0.27 on June 12th

Agree Realty Corporation (NYSE:ADC) announced a quarterly dividend on Tuesday, May 12th. Shareholders of record on Friday, May 29th will be given a dividend of 0.267 per share by the real estate investment trust on Friday, June 12th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, May 29th.

Agree Realty has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Agree Realty has a payout ratio of 162.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Agree Realty to earn $4.67 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 68.5%.

Agree Realty Price Performance

NYSE ADC opened at $75.21 on Thursday. Agree Realty has a 52 week low of $69.56 and a 52 week high of $82.08. The company has a market cap of $9.03 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 2.62 and a beta of 0.50. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The firm’s 50-day simple moving average is $77.57 and its two-hundred day simple moving average is $75.12.

Agree Realty (NYSE:ADC) last announced its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $211.49 million for the quarter, compared to the consensus estimate of $195.73 million. Agree Realty had a net margin of 29.25% and a return on equity of 3.95%. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. Research analysts predict that Agree Realty will post 4.43 earnings per share for the current year.

Agree Realty Company Profile

Agree Realty Corporation (NYSE: ADC) is a publicly traded real estate investment trust headquartered in Chicago, Illinois. Founded in 1971, the company converted to a REIT structure in 2013 and focuses on acquiring, developing and managing a diversified portfolio of retail properties under long-term, triple-net (NNN) leases. Its tenant roster spans national and regional retailers in sectors such as grocery, home improvement, convenience and specialty retail.

Agree Realty’s primary business activities include sourcing and underwriting new property acquisitions, originating build-to-suit projects and executing value-add redevelopment programs.