Agree Realty (NYSE:ADC) Releases FY 2026 Earnings Guidance

Agree Realty (NYSE:ADC) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 4.580-4.590 for the period, compared to the consensus estimate of 4.450.

Agree Realty Stock Performance

Shares of ADC opened at $67.15 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.01 and a quick ratio of 0.82. Agree Realty has a one year low of $64.34 and a one year high of $82.08. The firm has a market capitalization of $8.74 billion, a P/E ratio of 14.20, a PEG ratio of 2.16 and a beta of 0.42. The business has a fifty day moving average of $69.55 and a 200 day moving average of $74.05.

Agree Realty (NYSE:ADC) last announced its earnings results on Tuesday, October 20th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.68. The business had revenue of $213.88 million for the quarter, compared to analysts’ expectations of $211.52 million. Agree Realty had a return on equity of 4.00% and a net margin of 29.75%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period last year, the firm posted $1.10 earnings per share. As a group, sell-side analysts anticipate that Agree Realty will post 4.45 EPS for the current year.

Agree Realty Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a $0.2710 dividend. This is a boost from Agree Realty’s previous monthly dividend of $0.2670. The ex-dividend date is Friday, October 30th. This represents a $3.25 annualized dividend and a dividend yield of 4.8%. Agree Realty’s dividend payout ratio (DPR) is currently 164.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ADC shares. Stifel Nicolaus dropped their price objective on shares of Agree Realty from $81.50 to $76.50 and set a “buy” rating on the stock in a report on Wednesday. Mizuho reduced their target price on shares of Agree Realty from $80.00 to $72.00 and set a “neutral” rating for the company in a report on Thursday, September 17th. Wall Street Zen downgraded shares of Agree Realty from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings cut shares of Agree Realty from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, BNP Paribas Exane dropped their price target on shares of Agree Realty from $84.00 to $74.00 and set a “neutral” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.82.

Insider Activity

In other news, insider Craig Erlich bought 1,000 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were bought at an average price of $67.55 per share, for a total transaction of $67,550.00. Following the purchase, the insider owned 60,388 shares in the company, valued at $4,079,209.40. This represents a 1.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Rakolta, Jr. purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was acquired at an average cost of $68.78 per share, for a total transaction of $1,375,600.00. Following the completion of the acquisition, the director owned 654,602 shares in the company, valued at $45,023,525.56. This represents a 3.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 48,496 shares of company stock worth $3,418,670 in the last three months. Company insiders own 1.80% of the company’s stock.

Trending Headlines about Agree Realty

Here are the key news stories impacting Agree Realty this week:

• Positive Sentiment: Agree Realty reported third-quarter earnings of $1.15 per share, well above the $0.47 consensus estimate, while revenue rose 16.7% year over year to $213.9 million, slightly exceeding expectations. Adjusted FFO also increased. Agree Realty Q3 Adjusted FFO Rises; 2026 AFFO Guidance Raised
• Positive Sentiment: Management raised its 2026 AFFO outlook and issued EPS guidance of $4.580–$4.590, above the $4.450 analyst consensus. The company also increased its dividend, supporting the stock’s appeal to income-oriented investors. Should Agree Realty Look Undervalued After Raised Guidance and a Higher Dividend?
• Positive Sentiment: Portfolio fundamentals remained strong, with occupancy reaching 99.8% in the third quarter. Analysts and commentators view the recent selloff as creating a more attractive valuation and income opportunity. Agree Realty: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Management emphasized disciplined growth and capital allocation, but reduced 2026 investment-volume guidance to $1.6 billion. That may protect the balance sheet while also limiting near-term acquisition-driven growth. Agree Realty Earnings Call Highlights Disciplined Growth
• Negative Sentiment: Funding risks remain a concern for Agree Realty, particularly as acquisition financing and equity-market conditions affect the pace and cost of growth. Agree Realty Q3 Earnings Lift AFFO Outlook As Funding Risks Linger
• Negative Sentiment: Several firms lowered their price targets, including BNP Paribas Exane, which moved to a neutral rating, and Wells Fargo. Robert W. Baird also reduced its target, though it retained an outperform rating. These actions signal more limited near-term upside despite the stronger operating outlook.

About Agree Realty

Agree Realty Corporation is a real estate investment trust (REIT) that acquires, develops, and manages retail properties across the United States. The company primarily uses a net-lease structure, under which tenants generally are responsible for property-level operating expenses such as taxes, insurance, and maintenance.

Its portfolio is focused mainly on essential retail properties occupied by nationally recognized and regional tenants, including grocery stores, home improvement retailers, dollar stores, pharmacies, and other necessity-based businesses.