Agree Realty Corporation (ADC) To Go Ex-Dividend on August 31st

Agree Realty Corporation (NYSE:ADC) announced a monthly dividend on Tuesday, August 11th. Stockholders of record on Monday, August 31st will be paid a dividend of 0.267 per share by the real estate investment trust on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, August 31st.

Agree Realty has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive 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. Equities 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 Performance

ADC stock opened at $73.21 on Friday. The stock’s 50 day simple moving average is $76.77 and its 200 day simple moving average is $76.77. Agree Realty has a 12-month low of $69.56 and a 12-month high of $82.08. The firm has a market cap of $9.11 billion, a P/E ratio of 39.36, a P/E/G ratio of 2.39 and a beta of 0.47. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60.

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 analysts’ consensus estimates of $0.48 by ($0.04). Agree Realty had a return on equity of 3.90% and a net margin of 28.84%.The business had revenue of $216.33 million during the quarter, compared to analyst estimates of $204.53 million. During the same period in the prior year, the firm earned $1.06 EPS. The business’s revenue for the quarter 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. As a group, equities research analysts predict that Agree Realty will post 4.45 EPS for the current year.

About Agree Realty

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.