Agree Realty Corporation
S&P 500ADC/Real Estate · REIT - Retail/NYSE
Dividend Yield
4.27%
$3.13 · Annual Dividend
Dividend Safety Rating
ADC's dividend appears safe and well-supported. Strengths include a 78.7% ffo payout ratio & 59.6 debt-to-equity. Areas of concern: 71.9% cfo payout ratio & 2.5x interest coverage. The dividend has been growing at a 5.08% 5-year CAGR. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.
Based on 14 of 15 metrics
Strengths
- Debt-to-Equity: 59.6Conservative debt level relative to equity.
- Operating Margin: 48.7%Healthy operating margin provides a wide buffer.
- Gross Margin: 87.6%High gross margin signals strong pricing power.
Risks
- Current Ratio: 0.3xLimited short-term liquidity to meet obligations.
- Return on Equity: 3.7%Return on equity is below industry norms.
- CFO Payout Ratio: 71.9%Operating cash flow leaves little room for the payout.
Payout & Coverage
CautionBalance Sheet
CautionProfitability
SafeDividend Track Record
Very SafeAbout Agree Realty Corporation
Agree Realty Corporation is a fully integrated, self-administered, and self-managed real estate investment trust focused on the ownership, acquisition, development, and management of retail properties net leased to industry-leading, omni-channel retail tenants across the United States. The company specializes in long-term, fee simple ownership of single-tenant properties leased to national and regional retailers, including prominent names like Walmart, 7-Eleven, and Wawa. Its portfolio emphasizes high-quality, investment-grade tenants, with a significant portion of rents derived from stable, creditworthy lessees, ensuring resilience in the net lease sector. Agree Realty Corporation operates in the retail REIT industry, providing investors exposure to essential retail real estate that supports everyday consumer needs. Founded in 1971 and headquartered in Royal Oak, Michigan, the company maintains a diversified portfolio spanning all 50 states, positioning it as a key player in rethinking retail through strategic property investments and management.
Dividend Overview
Dividend Yield
4.27%
Annual Dividend
$3.13
Frequency
Monthly
Payout Ratio
168.00%
FCF Payout Ratio
69.10%
52-Week Range
$69.56 - $82.08
Dividend History (2016–2025)
ADC annual dividend per share and yield history
Earnings & Profitability
ADC earnings per share and net profit margin
Key Dates
Next Ex-Dividend Date
June 30, 2026
Next Payment Date
July 15, 2026
Dividend Growth
3-Year Dividend CAGR
3.18%
5-Year Dividend CAGR
5.08%
10-Year Dividend CAGR
5.26%
3-Year Total Growth
9.84%
5-Year Total Growth
28.11%
10-Year Total Growth
66.99%
Income Calculator
Frequently Asked Questions
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.