Agree Realty Corporation (NYSE:ADC) Declares Monthly Dividend of $0.27

Agree Realty Corporation (NYSE:ADC) announced a monthly dividend on Tuesday, October 13th. Investors of record on Friday, October 30th will be paid a dividend of $0.2710 per share by the real estate investment trust on Friday, November 13th. This represents a $3.25 annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, October 30th. This is a 1.5% increase from Agree Realty’s previous monthly dividend of $0.2670.

Agree Realty has increased its dividend payment by an average of 0.1% annually 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% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 Stock Down 1.1%

ADC stock opened at $65.44 on Wednesday. Agree Realty has a 1-year low of $64.43 and a 1-year high of $82.08. The business has a fifty day moving average price of $70.78 and a 200-day moving average price of $74.50. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $8.14 billion, a P/E ratio of 14.74, a P/E/G ratio of 2.22 and a beta of 0.42.

Agree Realty (NYSE:ADC) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). The firm had revenue of $216.33 million for the quarter, compared to the consensus estimate of $204.53 million. Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. Agree Realty’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 earnings per share. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. Equities analysts forecast that Agree Realty will post 4.45 earnings per share for the current fiscal year.

Agree Realty Company Profile

Agree Realty Corporation is a real estate investment trust (REIT) that owns, develops, acquires and manages retail properties leased primarily under long-term, single-tenant net lease agreements. Under these arrangements, tenants generally assume responsibility for property-level expenses such as taxes, insurance and maintenance.

The company focuses on necessity-based retail properties, including locations occupied by grocery stores, home improvement retailers, discount retailers, pharmacies and other service-oriented businesses.