Agree Realty Corporation (ADC) to Issue Quarterly Dividend of $0.27 on June 12th

Agree Realty Corporation (NYSE:ADC) announced a quarterly dividend on Tuesday, May 12th. Investors of record on Friday, May 29th will be given a dividend of 0.267 per share by the real estate investment trust on Friday, June 12th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, May 29th.

Agree Realty has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. Agree Realty has a dividend 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 Price Performance

Agree Realty stock opened at $75.52 on Wednesday. Agree Realty has a 12-month low of $69.56 and a 12-month high of $82.08. The stock has a market cap of $9.07 billion, a P/E ratio of 40.82, a PEG ratio of 2.54 and a beta of 0.50. The company has a 50-day moving average price of $76.62 and a 200 day moving average price of $75.25. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Agree Realty (NYSE:ADC) last released its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. Agree Realty had a net margin of 29.25% and a return on equity of 3.95%. The firm had revenue of $211.49 million during the quarter, compared to analysts’ expectations of $195.73 million. During the same period last year, the business earned $0.42 earnings per share. Agree Realty’s revenue was up 18.7% compared to the same quarter last year. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. Sell-side analysts anticipate that Agree Realty will post 4.44 earnings per share for the current year.

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.