Stock ADC AGREE REALTY CORPORATION
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Company Agree Realty Corporation

Equities

ADC

US0084921008

Commercial REITs

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-24 pm EDT 		5-day change 1st Jan Change
58.37 USD +1.41% Intraday chart for Agree Realty Corporation +5.78% -7.28%
Apr. 24 Transcript : Agree Realty Corporation, Q1 2024 Earnings Call, Apr 24, 2024
Apr. 23 Agree Realty Q1 Adjusted FFO, Revenue Rise; 2024 AFFO Outlook Set MT

Business Summary

Agree Realty Corporation is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties net-leased to tenants. The Company's assets are held by, and all of its operations are conducted through, directly or indirectly, the operating partnership, of which the Company is the sole general partner. Its portfolio consists of over 2,135 properties located in 49 states and totaling approximately 44.2 million square feet of gross leasable area (GLA). Its portfolio of properties is located in Texas, Ohio, Florida, Michigan, Illinois, North Carolina, New Jersey, Pennsylvania, California, New York, Georgia, Virginia, Connecticut, Wisconsin and others. Its tenants include Walmart, Dollar General, Tractor Supply, Best Buy, Dollar Tree, TJX Companies, O'Reilly Auto Parts, CVS, Kroger, Lowe's, Hobby Lobby, Burlington, Sherwin-Williams, Sunbelt Rentals, Wawa, Home Depot, TBC Corporation, Gerber Collision, and others.

Number of employees: 72

Sales per Business

USD in Million2022Weight2023Weight Delta
Rental Income
100.0 %
430 100.0 % 537 100.0 % +25.08%
Other
0.0 %
0 0.0 % 0 0.0 % -49.45%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
430 100.0 % 537 100.0 % +25.05%

Managers

Managers TitleAgeSince
Richard Agree FOU
 Founder 80 70-12-31
Joel Agree CEO
 Chief Executive Officer 45 05-02-28
Peter Coughenour DFI
 Director of Finance/CFO 32 15-11-30
Larry Kaufman CTO
 Chief Tech/Sci/R&D Officer - 22-04-30
Nicole Witteveen COO
 Chief Operating Officer 34 18-12-31
Craig Erlich PRN
 Corporate Officer/Principal 56 20-08-18
Mike Hutchens AUD
 Comptroller/Controller/Auditor - 22-04-30
Chris Bird PRN
 Corporate Officer/Principal - 15-02-28
Josh Bratton PRN
 Corporate Officer/Principal - 12-12-31
Riley Kennedy PRN
 Corporate Officer/Principal - 18-01-31

Members of the board

Members of the board TitleAgeSince
Joel Agree CEO
 Chief Executive Officer 45 05-02-28
Jerome Rossi BRD
 Director/Board Member 80 15-01-06
Richard Agree FOU
 Founder 80 70-12-31
John Rakolta BRD
 Director/Board Member 76 11-07-31
Karen Dearing BRD
 Director/Board Member 59 20-11-30
Walter Lehmkuhl BRD
 Director/Board Member 51 18-06-30
Michael Judlowe BRD
 Director/Board Member 58 21-09-09
Merrie Frankel BRD
 Director/Board Member 69 16-09-30
Michael Hollman BRD
 Director/Board Member 43 20-08-16
Linglong He BRD
 Director/Board Member - Dec. 31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 100,629,054 98,819,108 ( 98.20 %) 0 98.20 %
Stock B 0 7,000 0 0

Shareholders

NameEquities%Valuation
Vanguard Fiduciary Trust Co.
14.15 %
14,222,246 14.15 % 812 M $
BlackRock Advisors LLC
11.23 %
11,285,948 11.23 % 645 M $
Principal Real Estate Investors LLC
6.626 %
6,660,665 6.626 % 380 M $
STATE STREET CORPORATION
5.506 %
5,535,080 5.506 % 316 M $
CenterSquare Investment Management LLC
3.550 %
3,568,332 3.550 % 204 M $
JPMorgan Investment Management, Inc.
3.431 %
3,448,646 3.431 % 197 M $
Zimmer Partners LP
2.976 %
2,991,804 2.976 % 171 M $
DWS Investment Management Americas, Inc.
2.406 %
2,418,018 2.406 % 138 M $
BNY Mellon Investment Adviser, Inc.
2.360 %
2,372,638 2.360 % 136 M $
Macquarie Investment Management Business Trust
2.017 %
2,027,205 2.017 % 116 M $
NameEquities%Valuation
AllianceBernstein Japan Ltd.
3.598 %
251,852 3.598 % 4 M $
Apollo Real Estate Fund Adviser LLC
1.786 %
125,000 1.786 % 2 M $
Manulife Investment Management (Taiwan) Co., Ltd.
0.9295 %
65,063 0.9295 % 1 M $
Thirdline Capital Management LLC
0.0500 %
3,500 0.0500 % 62 090 $
NameEquities%Valuation
Richard Agree
100.00 %
347,619 100.00 % 20 M $

Company contact information

Agree Realty Corp.

32301 Woodward Avenue

48073, Royal Oak

+248 737 4190

http://www.agreerealty.com
address Agree Realty Corporation(ADC)

Sector

Real Estate
Real Estate
Residential & Commercial REITs
Commercial REITs
Retail REITs

Sales per Business

Ratings for Agree Realty Corporation

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
57.56 USD
Average target price
66.03 USD
Spread / Average Target
+14.72%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Retail REITs
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