Agree Realty Corporation ADC
Agree Realty Corporation is a publicly traded real estate investment trust that is RE THINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-04-21) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-06-08 | $0.27 | Monthly |
| 2026-05-29 | 2026-05-29 | 2026-06-12 | 2026-05-12 | $0.27 | Monthly |
| 2026-04-30 | 2026-04-30 | 2026-05-14 | 2026-04-09 | $0.27 | Monthly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-03-10 | $0.26 | Monthly |
| 2026-02-27 | 2026-02-27 | 2026-03-13 | 2026-02-05 | $0.26 | Monthly |
| 2026-01-30 | 2026-01-30 | 2026-02-13 | 2026-01-13 | $0.26 | Monthly |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | 2025-12-11 | $0.26 | Monthly |
| 2025-11-28 | 2025-11-28 | 2025-12-12 | 2025-11-11 | $0.26 | Monthly |
| 2025-10-31 | 2025-10-31 | 2025-11-14 | 2025-10-14 | $0.26 | Monthly |
| 2025-09-30 | 2025-09-30 | 2025-10-14 | 2025-09-09 | $0.26 | Monthly |
| 2025-08-29 | 2025-08-29 | 2025-09-15 | 2025-08-12 | $0.26 | Monthly |
| 2025-07-31 | 2025-07-31 | 2025-08-14 | 2025-07-10 | $0.26 | Monthly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-06-10 | $0.26 | Monthly |
| 2025-05-30 | 2025-05-30 | 2025-06-13 | 2025-05-13 | $0.26 | Monthly |
| 2025-04-30 | 2025-04-30 | 2025-05-14 | 2025-04-10 | $0.26 | Monthly |
| 2025-03-31 | 2025-03-31 | 2025-04-14 | 2025-03-11 | $0.25 | Monthly |
| 2025-02-28 | 2025-02-28 | 2025-03-14 | 2025-02-06 | $0.25 | Monthly |
| 2025-01-31 | 2025-01-31 | 2025-02-14 | 2025-01-14 | $0.25 | Monthly |
| 2024-12-31 | 2024-12-31 | 2025-01-15 | 2024-12-12 | $0.25 | Monthly |
| 2024-11-29 | 2024-11-29 | 2024-12-13 | 2024-11-12 | $0.25 | Monthly |
| 2024-10-31 | 2024-10-31 | 2024-11-14 | 2024-10-10 | $0.25 | Monthly |
| 2024-09-30 | 2024-09-30 | 2024-10-15 | 2024-09-10 | $0.25 | Monthly |
| 2024-08-30 | 2024-08-30 | 2024-09-16 | 2024-08-13 | $0.25 | Monthly |
| 2024-07-31 | 2024-07-31 | 2024-08-14 | 2024-07-11 | $0.25 | Monthly |
Coverage (payout of operating cash flow): 70.67%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $718.40M | $204.35M | $275.72M | $617.06M | $504.14M |
| 2024 | $617.10M | $189.20M | $240.22M | $543.26M | $431.97M |
| 2023 | $537.50M | $169.96M | $209.37M | $463.95M | $391.60M |
| 2022 | $429.81M | $152.44M | $166.91M | $386.24M | $362.12M |
| 2021 | $339.32M | $122.27M | $120.01M | $295.67M | $246.31M |
| 2020 | $248.57M | $91.38M | $82.64M | $215.80M | $142.96M |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.