Agree Realty Corporation (ADC)

In the past six months, Agree Realty Corp.'s stock price and financial standing have been impacted by several events. On November 21, 2025, ADC's price rose above its 200-day moving average, and its trading volume exceeded the daily average. However, on November 19, 2025, the price fell below its 200-day, 50-day, and 15-day moving averages. Key corporate events include closing a $350 million term loan, declaring monthly common and preferred dividends with an increase in the annualized common dividend, reporting Third Quarter 2025 results with increased core FFO and AFFO per share, increasing full-year 2025 investment guidance, declaring an increased monthly common dividend, announcing the Third Quarter 2025 Earnings Release Date and Conference Call Information, and completing a follow-on equity offering of $340.65 million in April 2025.

Agree Realty Corporation's revenue generation, primarily through contractual base rents from long-term leases, suggests a relatively stable demand profile with limited direct seasonality impacting its core business model. The company's focus on necessity-based retail tenants and e-commerce and recession-resistant businesses contributes to operational stability. The net-lease structure helps to keep its own expenses low and predictable, mitigating the direct impact of demand seasonality on its revenue streams.

Agree Realty Corporation (ADC) is an integrated real estate investment trust (REIT) focused on the ownership, acquisition, development, and management of retail properties net-leased to tenants. The company operates within the Real Estate sector, specifically in the Retail REITs industry, and generates revenue primarily through contractual base rents. Its portfolio consists of properties leased to industry-leading, omni-channel retail tenants, including Walmart, Dollar General, and Tractor Supply. The company's strategy emphasizes essential retail, focusing on properties tenanted by strong, creditworthy businesses in resilient industries.

As of September 30, 2025, Agree Realty Corporation owned and operated a portfolio of 2,603 properties located in all 50 states, totaling approximately 53.7 million square feet of gross leasable area (GLA). Its properties are situated in states including Texas, Ohio, Florida, Michigan, Illinois, North Carolina, New Jersey, Pennsylvania, California, New York, Georgia, Virginia, Connecticut, and Wisconsin.

Agree Realty Corporation maintains a strong brand reputation within the REIT sector. The company is recognized for its focus on high-quality, net-leased retail properties and its disciplined investment strategy. It has achieved an A- issuer rating from Fitch Ratings, indicating financial health and stability. Agree Realty is also known for its consistent dividend increases and its high occupancy rate. There have been no significant negative events affecting Agree Realty Corp.'s reputation in the past year.

Agree Realty Corporation's stock ownership is a mix of institutional, retail, and individual investors. Institutional investors hold a significant portion of the company's stock. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, and Cohen & Steers, Inc. Vanguard Group Inc. owns the most shares. Insiders own a small percentage of the stock.