profit from every $100 of sales.
$0$100
Agree Realty
$69.80-0.11% today
-5.4% in 1 year
1-year low $64.491-year high $81.92
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $44.56 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Agree Realty sold, what it kept, and what it did with the cash.
Sales went from $430 million in 2022 to $718 million in 2025, with $204 million of profit last year.
SalesProfit
Agree Realty handed back 70% of the cash it generated last year.
$348M
Free cash flow 2025$504M
Bought back its own shares$4M
Paid as dividends$348M
Cash vs. debt$16M vs. $3.4B
Agree Realty vs. similar companies
Agree Realty grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Agree Realty | 44.6× · Expensive | ||
 Simon Property Group | 19.2× · Fair price | ||
 Realty Income | 53.7× · Expensive | ||
 Kimco Realty | 29.1× · Fair price | ||
 Unibail-Rodamco-Westfield | 10.6× · Cheap |
AI analysis
An AI analyst reads Agree Realty's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 249 | 339 | 430 | 537 | 617 | 718 | |
| – | – | 378 | 471 | 542 | 630 | |
| 133 | 190 | 214 | 260 | 298 | 347 | |
| – | – | 386 | 464 | 543 | 617 | |
| 91 | 122 | 152 | 170 | 189 | 204 | |
| 1.74 | 1.78 | 1.83 | 1.70 | 1.78 | 1.77 | |
| – | – | 87.8% | 87.6% | 87.9% | 87.7% | |
| 53.6% | 56.1% | 49.8% | 48.3% | 48.3% | 48.3% | |
| 36.8% | 36.0% | 35.5% | 31.6% | 30.7% | 28.4% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 3,886 | 5,227 | 6,713 | 7,775 | 8,486 | 9,798 |
| Cash | 6 | 43 | 28 | 11 | 6 | 16 |
| Total debt | – | – | 1,977 | 2,448 | 2,832 | 3,355 |
| Total liabilities | 1,360 | 1,808 | 2,083 | 2,575 | 2,976 | 3,526 |
| 2,524 | 3,418 | 4,629 | 5,199 | 5,510 | 6,271 | |
| 52 | 67 | 79 | 95 | 102 | 111 | |
| 4.2% | 4.4% | 2.6% | 2.6% | 2.9% | 2.8% | |
| 3.6% | 3.6% | 3.3% | 3.3% | 3.4% | 3.3% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 143 | 246 | 362 | 392 | 432 | 504 | |
| 1,310 | 1,390 | 1,600 | 1,200 | 875 | – | |
| – | – | 362 | 392 | 432 | 504 | |
| Dividends paid | 116 | 194 | 228 | 285 | 311 | 348 |
| 2 | 2 | 2 | 3 | 2 | 4 | |
| 5 | 5 | 6 | 8 | 11 | 13 |
Valuation
- 44.6×
- 35.6×
- 130.11
- 1.5×
- 12.7×
- 18.1×
- 20.2×
- 5.5%
- 2.2%
- 4.1%
Profitability
- 87.7%
- 48.3%
- 28.4%
- 81.8%
- 3.6%
- 2.2%
- 3.7%
- 2.2%
- 3.6%
- –
Growth
- +23.6%
- +0.3%
- +16.7%
- +5.1%
- +13.5%
Financial health
- 5.3×
- 0.53
- 32.3%
- 2.6×
- 0.83
- 0.83
- 0.07
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 39%of 746
Top 41%of 752
Bottom 14%of 666
Top 15%of 762
Bottom 49%of 763
What analysts expect
- Average price target
- $83.50
- Range
- $75.00 – $91.00
- 7 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 21, 2026 | 1.14 | 0.48 | +138.0% |
| Feb 10, 2026 | 0.47 | 0.47 | −0.1% |
| Oct 21, 2025 | 1.10 | 1.08 | +1.9% |
| Jul 31, 2025 | 1.06 | 1.06 | +0.0% |
| Apr 22, 2025 | 1.06 | 1.05 | +1.0% |
| Feb 11, 2025 | 1.04 | 0.43 | +141.9% |
| Oct 22, 2024 | 1.03 | 1.03 | +0.0% |
| Jul 23, 2024 | 1.04 | 1.03 | +1.0% |
4.1%of the share price, paid each year
On $1,000 invested$41a year at today's yield, before tax
+5.1%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$1.85 in 2015 → $3.08 in 2025
How safe it looks
170.3% of its profit
Room to growStretchedMore than it earns: 69.0%
News
Management Set A Higher Bar For Micron Stock; Does The Chart Agree?Yahoo Finance · Oct 30, 2026Zymeworks early-stage results on ADC show anti-tumor activity in ovarian cancerSeeking Alpha · Oct 24, 2026Eli Lilly releases promising early-stage data on ADC for ovarian cancerSeeking Alpha · Oct 24, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
61Pass
Benjamin Graham
55No pass
Philip Fisher
68Pass
Peter Lynch
37No pass
Joel Greenblatt
43No pass
Charlie Munger
59No pass
Terry Smith
59No pass
Questions about Agree Realty
Is Agree Realty a good stock to buy?
A business with weak numbers, but the price is high. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Agree Realty AI analysis
What does Agree Realty do?
Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. It is in REIT - Retail, based in Royal Oak, MI, United States, with 90 employees.
Does Agree Realty pay a dividend?
Yes. At today's price the dividend is 4.1% a year, about 170% of its yearly profit. In 2025 it paid out $348 million in dividends.
Is Agree Realty stock halal?
No. Agree Realty does not pass our halal screen: its debt is 37% of its market value, at or above the 33% limit. How we check
How has Agree Realty stock done over the past year?
Down 5.4% over the past twelve months, to $69.80. It traded between $64.49 and $81.92 and is 14.8% below its high.
Who are Agree Realty's competitors?
The largest listed companies in the same industry are Simon Property Group, Realty Income, Kimco Realty and Unibail-Rodamco-Westfield. The peers table on this page compares their profit, growth and price with Agree Realty's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.