Agree Realty (ADC) AI Stock Analysis

Agree Realty

(BMV:ADC)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Exceptional Occupancy and Portfolio QualityNear-full occupancy and substantial investment-grade exposure support dependable rent collection and reduce vacancy risk across the portfolio. The scale of nearly 2,900 properties across all 50 states also provides diversification, while the national tenant base reinforces ADC’s durable market position.

Negative Factors

Weak Recent Cash ConversionThe sharp deterioration in cash-flow-to-income coverage signals that recent reported earnings have converted into cash less efficiently than in prior periods. Although absolute operating and free cash flow remain solid, weaker conversion can constrain internally funded growth and warrants monitoring for persistence.

Agree Realty (ADC) vs. SPDR S&P 500 ETF (SPY)

Market Cap: MXN 8.34B
Dividend Yield: 4.75%
Average Volume (3M): ―
Price to Earnings (P/E): 34.6
Beta (1Y): 0.02
Revenue Growth: 5.50%
EPS Growth: 1.46%
Country: Mexico
Employees: 90
Sector: Real Estate
Sector Strength: 65
Industry: REIT - Retail

Agree Realty Business Overview & Revenue Model

Company Description

Agree Realty Corporation functions as a publicly traded Real Estate Investment Trust (REIT), concentrating its efforts on the acquisition and development of commercial properties. These assets are primarily net-leased to leading companies within the...

Agree Realty Earnings Call Summary

Earnings Call Date:Oct 19, 2026(Q3-2026)|% Change Since:0.12%|Next Earnings Date:Feb 15, 2027

Earnings Call SentimentPositive

The call was predominantly positive. Management reported record occupancy, 4.9% quarterly per-share earnings growth, raised 2026 AFFO guidance, strong liquidity, conservative leverage, record development activity, successful capital raising, and favorable leasing and disposition results. The principal challenges were higher spot capital costs, a reduced investment volume target, elevated third-quarter dead deal costs, uncertain cap-rate conditions, and pressure among distressed and lower-tier retailers. Management presented these challenges as reasons for greater selectivity and repricing while maintaining its growth outlook.

Positive Updates

Record Portfolio Occupancy and Scale

The portfolio remained at a company-record 99.8% occupied and was approaching 2,900 properties across all 50 states and the District of Columbia. Investment-grade exposure was approximately 65% of annualized base rents.

Negative Updates

Higher Spot Cost of Capital

Management said the changing macroeconomic environment has increased the company's spot cost of capital, highlighted as 6.8% in the presentation.

Company Guidance

Agree Realty reduced 2026 investment volume guidance to approximately $1.6 billion, expects total disposition volume of $100 million-$150 million versus its prior range of $50 million-$100 million, and raised full year 2026 AFFO per share guidance to a range of $4.58-$4.59, implying year-over-year growth of nearly 6% at the midpoint, with an assumption of 15 basis points of credit and occupancy loss for the year; free cash flow after the dividend is expected to exceed $140 million this year, a more than 10% year-over-year increase. For 2027, management expects mid-single AFFO growth per share and double-digit operational returns, with a $250 million annual development and developer funding platform commencements objective, assumes 0 changes in the short end, the long end of the curve, and stock price, and is not assuming any further expansion of cap rates; it expects cap rates to expand another 25 basis points on top of the Q3 expansion of 30 basis points.

Agree Realty Risk Analysis

Agree Realty disclosed 42 risk factors in its most recent earnings report. Agree Realty reported the most risks in the "Legal & Regulatory" category.

Legal & Regulatory - Litigation, compliance, new legislation, and taxation risks

Latest Risks Added

0 New Risks

Agree Realty Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

MX:ADC against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FCPT	75Outperform	$2.47B	20.61	7.25%	7.09%	10.16%	0.35%
NNN	75Outperform	$7.87B	20.10	8.70%	5.95%	6.54%	-3.45%
NTST	66Neutral	$2.21B	81.37	1.33%	5.02%	26.96%	11526.32%
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
GTY	64Neutral	$1.88B	16.77	8.93%	6.93%	10.63%	27.60%
O	54Neutral	$53.87B	41.55	3.36%	5.70%	10.76%	33.50%

* Real Estate Sector Average

Performance Comparison

MX:ADC and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
MX:ADC	Agree Realty Corporation	1236.14	-96.08	-7.21%
GTY	Getty Realty	28.00	2.34	9.13%
NNN	NNN REIT	41.00	2.35	6.08%
O	Realty Income Corporation	56.93	1.77	3.21%
FCPT	Four Corners Property Trust Inc	22.47	-0.09	-0.39%
NTST	Netstreit Corp.	17.52	-0.36	-2.02%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Agree Realty AI Stock Analysis