Agree Realty Corporation (ADC)

In the past six months, Agree Realty Corp. reported strong first-quarter 2026 results on April 21, 2026, with increased rental income and diluted earnings per share, surpassing analysts' consensus estimates. The company also declared an increased monthly common dividend on April 9, 2026. Analyst firms reacted positively, with BofA and Citi raising Agree Realty's price target around April 2026. The stock has seen a year-to-date total return of 7.30% as of May 8, 2026, and a 6.04% total return over the past 12 months.

Information specifically detailing the demand seasonality for Agree Realty Corp.'s products and services is not readily available. However, as a REIT focused on net-leased retail properties, the demand for its services is generally tied to the broader health and expansion plans of its retail tenants. The long-term, triple-net lease structure that Agree Realty utilizes typically provides stable rental income, mitigating direct exposure to short-term demand fluctuations for specific retail products.

Agree Realty Corporation is a fully integrated, self-administered, and self-managed real estate investment trust primarily focused on the ownership, acquisition, development, and management of retail properties that are net-leased to industry-leading, omni-channel retail tenants. The company's portfolio consists of properties leased to a diverse range of national and regional retailers. As of March 31, 2026, the company's portfolio comprised 2,756 properties across all 50 states, totaling approximately 57.5 million square feet of gross leasable area, with a high occupancy rate of approximately 99.7%.

Agree Realty Corp. has properties located in all 50 states across the United States, including Texas, Ohio, Florida, Michigan, Illinois, North Carolina, New Jersey, Pennsylvania, California, New York, Georgia, Virginia, Connecticut, and Wisconsin.

Agree Realty Corp. generally maintains a positive brand reputation, particularly within the investment community. The company is recognized for its high-quality, diversified portfolio of net-lease properties and its focus on investment-grade tenants, which contributes to stable cash flows. Analysts have a "Moderate Buy" consensus rating for the stock, with multiple price target upgrades in recent months. The company's consistent dividend growth and strong financial performance further bolster its positive standing.

Agree Realty Corp. is predominantly owned by institutional shareholders, who hold approximately 97.8% to 107.91% of the company's stock. Insiders own a smaller percentage, around 1.73% to 2.09%, with retail investors holding a negligible amount. Major institutional owners include BlackRock Inc., Vanguard Group Inc., Cohen & Steers Inc., and State Street Corp.