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

Agree Realty (NYSE:ADC) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.570-4.590 for the period, compared to the consensus earnings per share estimate of 4.450. The company issued revenue guidance of -.

Agree Realty Stock Down 0.7%

NYSE:ADC opened at $77.86 on Friday. Agree Realty has a twelve month low of $69.56 and a twelve month high of $82.08. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 2.61 and a beta of 0.47. 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 stock’s 50 day moving average price is $76.52 and its two-hundred day moving average price is $76.47.

Agree Realty (NYSE:ADC) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). Agree Realty had a net margin of 28.84% and a return on equity of 3.97%. The company had revenue of $216.33 million during the quarter, compared to analyst estimates of $204.53 million. During the same period in the previous year, the company posted $1.06 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. Equities research analysts expect that Agree Realty will post 4.45 earnings per share for the current fiscal year.

Agree Realty Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a $0.267 dividend. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.1%. Agree Realty’s dividend payout ratio (DPR) is currently 172.04%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Mizuho lowered their price objective on shares of Agree Realty from $86.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Wall Street Zen cut Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday. Huntington assumed coverage on Agree Realty in a research report on Wednesday, July 15th. They set an “outperform” rating and a $84.00 price target on the stock. Robert W. Baird set a $83.00 price objective on Agree Realty in a research note on Friday. Finally, Weiss Ratings raised Agree Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.94.

Insider Activity at Agree Realty

In other news, Director Greg Lehmkuhl acquired 750 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $75.09 per share, with a total value of $56,317.50. Following the acquisition, the director directly owned 34,465 shares in the company, valued at $2,587,976.85. This represents a 2.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Richard Agree acquired 5,000 shares of the stock in a transaction on Thursday, June 4th. The shares were purchased at an average price of $71.41 per share, for a total transaction of $357,050.00. Following the transaction, the chairman directly owned 90,512 shares in the company, valued at approximately $6,463,461.92. This trade represents a 5.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 19,045 shares of company stock worth $1,415,943 in the last ninety days. 1.80% of the stock is owned by company insiders.

Key Headlines Impacting Agree Realty

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

• Positive Sentiment: Second-quarter funds from operations (FFO) rose to $1.14 per share, exceeding the $1.13 consensus estimate and increasing from $1.06 a year earlier. Revenue reached $216.33 million, above the $204.53 million estimate and up 16.8% year over year. Agree Realty Surpasses Q2 FFO and Revenue Estimates
• Positive Sentiment: Agree Realty raised its full-year 2026 EPS guidance to $4.57–$4.59, above the $4.45 analyst consensus, providing a favorable signal for operating performance and earnings visibility. Agree Realty Reports Second Quarter 2026 Results
• Positive Sentiment: The REIT reported record investment of approximately $502 million across 102 retail net-lease properties and commenced five development or Developer Funding Platform projects, supporting future portfolio growth. Agree Realty Reports Second Quarter 2026 Results
• Neutral Sentiment: Management’s earnings call provided additional commentary on the quarter, investment activity, development pipeline, and 2026 outlook. Agree Realty Q2 2026 Earnings Call Transcript
• Neutral Sentiment: A current dividend analysis keeps ADC’s income profile and dividend sustainability relevant for shareholders, particularly as investors assess the stock’s premium valuation. Agree Realty Corp’s Dividend Analysis
• Negative Sentiment: Reported EPS of $0.44 missed the $0.48 consensus estimate and fell sharply from $1.06 in the prior-year quarter, creating a headline earnings disappointment despite the FFO and revenue beats. Agree Realty Q2 Earnings Snapshot

Institutional Trading of Agree Realty

A number of institutional investors have recently bought and sold shares of the business. Wiser Advisor Group LLC bought a new position in shares of Agree Realty during the third quarter worth approximately $32,000. Transamerica Financial Advisors LLC boosted its stake in shares of Agree Realty by 214.4% in the fourth quarter. Transamerica Financial Advisors LLC now owns 547 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 373 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Agree Realty by 158.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 580 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 356 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Agree Realty during the third quarter worth approximately $59,000. Finally, Danske Bank A S bought a new position in Agree Realty during the 3rd quarter worth $64,000. Institutional investors own 97.83% of the company’s stock.

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.