ADC
Agree Realty Corporation
NYSEUSDEQUITY
Real Estate
DELAYED
Sell
-30/100
Last price
65.79
▲ 0.21 (0.32%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
65.50
Prev close
65.58
Day high
66.08
Day low
65.52
Volume
1.61M
Market cap
$8.21B
P/E (TTM)
35.18
52W range
64.98 – 82.08
Day trading desk
Gap from prior close
-0.12%
Prior close 65.58
VWAP
65.78
+0.02% from price
Relative volume
1.85×
Unusually busy
Session range
0.90%
65.50 – 66.09
Position in range
49%
Mid range
ATR (14D)
1.03
1.57% of price
Prior day high
66.00
PDH
Prior day low
65.13
PDL
Bid / ask spread
—
Quote not published
Session volume
2.73M
Avg 1.47M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-2.75%
-4.7%
1M
-9.41%
-10.6%
3M
-15.57%
-20.1%
6M
-13.94%
-32.1%
YTD
-8.66%
-22.9%
1Y
-6.77%
-23.2%
3Y
+19.10%
-63.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on ADC open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
2.20M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 21, 26 | ERLICH CRAIG Officer |
BUY | 1.00K | $67.55K | Direct |
| Sep 16, 26 | RAKOLTA JOHNJR Director |
BUY | 20.00K | $1.38M | Direct |
| Sep 16, 26 | AGREE JOEL N Chief Executive Officer |
BUY | 7.36K | $500.92K | Direct |
| Aug 31, 26 | RAKOLTA JOHNJR Director |
BUY | 10.00K | $724.20K | Direct |
| Aug 28, 26 | RAKOLTA JOHNJR Director |
BUY | 20.14K | $1.47M | Direct |
| Jun 4, 26 | AGREE RICHARD Officer and Director |
BUY | 5.00K | $357.05K | Indirect |
| May 14, 26 | RAKOLTA JOHNJR Director |
STOCK | 3.49K | $99.97K | Direct |
| May 14, 26 | FRANKEL MERRIE S. Director |
STOCK | 432 | $0 | Direct |
| May 14, 26 | LEHMKUHL GREG Director |
STOCK | 4.32K | $162.53K | Direct |
| May 14, 26 | HOLLMAN MICHAEL Director |
STOCK | 2.16K | $0 | Direct |
| May 14, 26 | JUDLOWE MICHAEL L Director |
STOCK | 3.49K | $99.97K | Direct |
| May 14, 26 | HE LINGLONG Director |
STOCK | 3.49K | $99.97K | Direct |
| May 14, 26 | ROSSI JEROME R Director |
STOCK | 2.16K | $0 | Direct |
| May 14, 26 | DEARING KAREN J Director |
STOCK | 2.16K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
AGREE JOEL N |
Chief Executive Officer | 686.43K | Purchase |
AGREE RICHARD |
Officer and Director | — | Purchase |
COUGHENOUR PETER |
Chief Financial Officer | 26.66K | Stock Award(Grant) |
DEARING KAREN J |
Director | 15.62K | Stock Award(Grant) |
ERLICH CRAIG |
Officer | 60.49K | Purchase |
JUDLOWE MICHAEL L |
Director | 15.42K | Stock Award(Grant) |
LEHMKUHL GREG |
Director | 34.46K | Stock Award(Grant) |
RAKOLTA JOHNJR |
Director | 654.75K | Purchase |
SPEHAR DANIELLE M |
General Counsel | 25.79K | Stock Award(Grant) |
WITTEVEEN NICOLE |
Chief Operating Officer | 23.57K | Stock Award(Grant) |
Fundamentals
Market cap$8.21B
Enterprise value$12.16B
Revenue (TTM)$779.62M
Gross profit$683.38M
EBITDA$676.10M
Net income$217.01M
EPS (TTM)$1.87
Free cash flow$447.78M
Total cash$32.22M
Total debt$3.85B
Book value / share$51.09
Shares outstanding124.38M
Float121.84M
Short % of float6.17%
Dividend yield4.87%
Beta (5Y)0.42
Valuation & profitability ratios
Trailing P/E35.18
Forward P/E34.39
PEG ratio0.13
Price / sales—
Price / book1.29
EV / revenue15.60
EV / EBITDA17.98
Gross margin87.66%
Operating margin48.12%
Profit margin28.84%
Return on equity3.70%
Return on assets2.40%
Debt / equity58.98
Current ratio0.27
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $718.40M | $617.10M | $537.50M | $429.81M | +16.4% |
| Operating revenue | $718.16M | $616.82M | $537.40M | $429.63M | +16.4% |
| Cost of revenue | $88.15M | $74.85M | $66.72M | $52.28M | +17.8% |
| Gross profit | $630.25M | $542.25M | $470.78M | $377.53M | +16.2% |
| Selling, general & admin | $44.06M | $37.23M | $34.79M | $30.12M | +18.3% |
| Total operating expense | $283.37M | $244.22M | $211.06M | $163.69M | +16.0% |
| Operating income | $346.88M | $298.03M | $259.71M | $213.84M | +16.4% |
| Net interest income | -$134.61M | -$108.90M | -$81.12M | -$63.44M | -23.6% |
| Pre-tax income | $206.72M | $194.14M | $173.46M | $155.90M | +6.5% |
| Tax provision | $1.74M | $4.31M | $2.91M | $2.86M | -59.7% |
| Net income | $204.35M | $189.20M | $169.96M | $152.44M | +8.0% |
| Net income to common | $196.47M | $181.28M | $162.12M | $144.62M | +8.4% |
| Basic EPS | 1.77 | 1.79 | 1.70 | 1.84 | -1.1% |
| Diluted EPS | 1.77 | 1.78 | 1.70 | 1.83 | -0.6% |
| EBIT | $341.34M | $303.04M | $254.58M | $219.33M | +12.6% |
| EBITDA | $617.06M | $543.26M | $463.95M | $386.24M | +13.6% |
| Basic shares | 110.72M | 101.10M | 95.19M | 78.66M | +9.5% |
| Diluted shares | 111.20M | 101.88M | 95.44M | 79.16M | +9.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $16.30M | $6.40M | $10.91M | $27.76M | — | +154.6% |
| Cash & short-term investments | $16.30M | $6.40M | $10.91M | $27.76M | — | +154.6% |
| Accounts receivable | $122.48M | $106.42M | $82.95M | $65.84M | — | +15.1% |
| Total current assets | $143.10M | $112.81M | $97.48M | $94.75M | — | +26.8% |
| Goodwill & intangibles | $1.00B | $864.94M | $854.09M | $799.45M | — | +15.7% |
| Total assets | $9.80B | $8.49B | $7.77B | $6.71B | — | +15.5% |
| Total current liabilities | $171.54M | $144.12M | $126.94M | $106.07M | — | +19.0% |
| Current debt | — | — | — | — | $160.00M | — |
| Long-term debt | $3.29B | $2.79B | $2.41B | $1.94B | — | +18.3% |
| Total debt | $3.35B | $2.83B | $2.45B | $1.98B | — | +18.5% |
| Total liabilities | $3.53B | $2.98B | $2.57B | $2.08B | — | +18.5% |
| Retained earnings | -$618.67M | -$470.62M | -$346.47M | -$228.13M | — | -31.5% |
| Shareholder equity | $6.27B | $5.51B | $5.20B | $4.63B | — | +13.8% |
| Working capital | -$28.44M | -$31.30M | -$29.46M | -$11.32M | — | +9.1% |
| Net tangible assets | $5.27B | $4.65B | $4.35B | $3.83B | — | +13.5% |
| Shares issued | 120.03M | 107.25M | 100.52M | 90.17M | — | +11.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $204.99M | $189.83M | $170.55M | $153.03M | +8.0% |
| Depreciation & amortisation | $275.72M | $240.22M | $209.37M | $166.91M | +14.8% |
| Stock-based compensation | $12.99M | $10.80M | $8.34M | $6.46M | +20.2% |
| Change in working capital | $344.00K | -$2.64M | $5.42M | $20.74M | +113.0% |
| Operating cash flow | $504.14M | $431.97M | $391.60M | $362.12M | +16.7% |
| Investing cash flow | -$1.54B | -$885.41M | -$1.27B | -$1.62B | -74.3% |
| Share buybacks | -$3.74M | -$2.28M | -$2.68M | -$1.91M | -64.0% |
| Dividends paid | -$348.09M | -$311.04M | -$285.11M | -$227.74M | -11.9% |
| Financing cash flow | $1.05B | $445.31M | $869.01M | $1.24B | +136.5% |
| Free cash flow | $504.14M | $431.97M | $391.60M | $362.12M | +16.7% |
| End cash position | $20.62M | $6.40M | $14.52M | $28.91M | +222.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $205.10M | $200.81M | $190.49M | $183.22M | $175.53M | +2.1% |
| Operating revenue | $204.98M | $200.68M | $190.46M | $183.19M | $175.40M | +2.1% |
| Cost of revenue | $25.36M | $24.90M | $24.00M | $21.97M | $21.80M | +1.8% |
| Gross profit | $179.74M | $175.90M | $166.49M | $161.25M | $153.73M | +2.2% |
| Selling, general & admin | $11.96M | $11.48M | $11.07M | $10.89M | $11.33M | +4.2% |
| Total operating expense | $81.05M | $78.18M | $74.51M | $72.07M | $70.27M | +3.7% |
| Operating income | $98.69M | $97.73M | $91.98M | $89.18M | $83.46M | +1.0% |
| Net interest income | -$40.28M | -$35.97M | -$36.36M | -$35.21M | -$32.27M | -12.0% |
| Pre-tax income | $55.18M | $62.73M | $56.47M | $52.50M | $49.78M | -12.0% |
| Tax provision | $375.00K | $500.00K | $260.00K | $225.00K | $425.00K | -25.0% |
| Net income | $54.65M | $62.05M | $56.04M | $52.12M | $49.20M | -11.9% |
| Net income to common | $52.71M | $60.09M | $54.06M | $50.15M | $47.23M | -12.3% |
| Basic EPS | 0.44 | 0.50 | 0.47 | 0.45 | 0.43 | -12.0% |
| Diluted EPS | 0.44 | 0.50 | 0.47 | 0.45 | 0.43 | -12.0% |
| EBIT | $95.46M | $98.70M | $92.83M | $87.72M | $82.05M | -3.3% |
| EBITDA | $175.79M | $176.08M | $166.25M | $158.24M | $149.53M | -0.2% |
| Basic shares | 120.00M | 119.86M | 114.70M | 111.28M | 109.76M | +0.1% |
| Diluted shares | 120.49M | 120.38M | 115.00M | 111.51M | 110.38M | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $12.52M | $25.08M | $16.30M | $13.70M | $5.82M | -50.1% |
| Cash & short-term investments | $12.52M | $25.08M | $16.30M | $13.70M | $5.82M | -50.1% |
| Accounts receivable | $131.21M | $129.62M | $122.48M | $117.60M | $108.12M | +1.2% |
| Total current assets | $152.40M | $160.82M | $143.10M | $134.48M | $117.03M | -5.2% |
| Goodwill & intangibles | $1.08B | $1.03B | $1.00B | $966.96M | $923.09M | +4.5% |
| Total assets | $10.59B | $10.18B | $9.80B | $9.48B | $9.08B | +4.0% |
| Total current liabilities | $175.13M | $186.23M | $171.54M | $191.71M | $408.13M | -6.0% |
| Current debt | — | — | — | — | $247.00M | — |
| Long-term debt | $3.82B | $3.69B | $3.29B | $3.36B | $2.97B | +3.5% |
| Total debt | $3.89B | $3.76B | $3.35B | $3.42B | $3.27B | +3.6% |
| Total liabilities | $4.07B | $3.94B | $3.53B | $3.61B | $3.43B | +3.2% |
| Retained earnings | -$697.99M | -$653.43M | -$618.67M | -$581.16M | -$545.37M | -6.8% |
| Shareholder equity | $6.52B | — | — | — | — | — |
| Working capital | -$22.73M | -$25.41M | -$28.44M | -$57.23M | -$291.10M | +10.5% |
| Net tangible assets | $5.44B | $5.21B | $5.27B | $4.91B | $4.73B | +4.5% |
| Shares issued | 120.10M | 120.10M | 120.03M | 114.13M | 110.67M | 0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $54.81M | $62.23M | $56.21M | $52.28M | $49.35M | -11.9% |
| Depreciation & amortisation | $80.33M | $77.38M | $73.42M | $70.52M | $67.47M | +3.8% |
| Stock-based compensation | $3.77M | $3.53M | $3.30M | $3.31M | $3.26M | +6.8% |
| Change in working capital | -$8.87M | $5.69M | -$18.46M | $21.41M | -$13.44M | -255.8% |
| Operating cash flow | $130.97M | $145.16M | $111.31M | $146.52M | $119.64M | -9.8% |
| Investing cash flow | -$482.83M | -$430.17M | -$373.01M | -$444.31M | -$344.96M | -12.2% |
| Share buybacks | -$10.00K | -$6.06M | -$25.00K | -$61.00K | -$9.00K | +99.8% |
| Dividends paid | -$97.46M | -$96.79M | -$91.32M | -$87.02M | -$86.02M | -0.7% |
| Financing cash flow | $341.85M | $295.60M | $265.44M | $305.76M | $223.05M | +15.6% |
| Free cash flow | $130.97M | $145.16M | $111.31M | $146.52M | $119.64M | -9.8% |
| End cash position | $21.19M | $31.20M | $20.62M | $16.88M | $8.91M | -32.1% |
Options analytics
Put / call volume
2.23
Put-heavy session
Put / call open interest
5.22
Positioning, not flow
Max pain
90.00
+36.8% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
+43.8%
Puts bid over calls
Call volume
26
Contracts, this expiry
Put volume
58
Contracts, this expiry
Heaviest call OI
95.00
8 contracts
Heaviest put OI
60.00
37 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.47 | 0.47 | -1.5% |
| Mar 2026 | 0.47 | 0.49 | +4.4% |
| Dec 2025 | 0.47 | 0.47 | -0.1% |
| Sep 2025 | 0.46 | 0.47 | +2.5% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.47 | 4 | $213.81M | +16.7% |
| Next quarter | 0.47 | 4 | $221.78M | +16.4% |
| Current year | 1.92 | 2 | $841.87M | +17.2% |
| Next year | 1.91 | 4 | $952.13M | +13.1% |
Analyst targets & ownership
Mean target$82.89
High target$93.00
Low target$72.00
Implied upside25.99%
Analyst count18
ConsensusBUY
Strong buy / Buy1 / 11
Hold8
Sell / Strong sell0 / 0
Held by insiders1.77%
Held by institutions117.74%
Institutions holding676
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
66.58
-1.19% from price
SMA 20
68.08
-3.37% from price
SMA 50
72.17
-8.84% from price
SMA 100
74.18
-11.32% from price
SMA 200
75.01
-12.30% from price
EMA 12
66.90
-1.65% from price
EMA 26
68.80
-4.38% from price
EMA 50
71.04
-7.39% from price
RSI (14)
26.4
Oversold
MACD (12,26,9)
-1.91
Hist -0.02
ATR (14)
1.03
1.57% of price
Realised vol 30D
12.8%
Annualised
Bollinger upper
72.19
20, 2σ
Bollinger lower
63.98
20, 2σ
50 / 200 cross
Death
72.17 vs 75.01
Trend bias
Below 200
-12.30%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.20
Less volatile than market
Correlation to SPY
-0.16
Largely independent
Realised vol 30D
12.8%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-20.6%
Peak to trough
Max drawdown 5Y
-33.0%
Peak to trough
ATR 14
1.03
1.57% of price
Beta (reported)
0.42
5Y monthly, from filing
Short interest
Shares short
6.77M
Prior 14.13M
Change vs prior
-52.1%
Shorts covering
% of float
6.17%
Normal
% of shares out
5.44%
Against total outstanding
Days to cover
4.4
Liquid
Float
121.84M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 21, 26 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
| Sep 18, 26 | Stifel | MAINTAINED | Buy | Buy |
| Sep 17, 26 | Mizuho | MAINTAINED | Neutral | Neutral |
| Jul 22, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| May 19, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| May 13, 26 | Mizuho | MAINTAINED | Neutral | Neutral |
| Apr 24, 26 | Citigroup | MAINTAINED | Neutral | Neutral |
| Apr 23, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Apr 22, 26 | Baird | MAINTAINED | Outperform | Outperform |
| Apr 21, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Apr 17, 26 | BMO Capital | DOWNGRADE | Outperform | Market Perform |
| Mar 23, 26 | Truist Securities | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate$3.20 / yr
Forward yield4.87%
5-year avg yield4.20%
Payout ratio168.87%
Ex-dividend dateSep 30, 2026
Next pay dateOct 14, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-10-02
Corporate Changes & Voting Matters
8-K · 2026-09-22
Corporate Changes & Voting Matters
8-K · 2026-07-30
Corporate Changes & Voting Matters
8-K · 2026-07-02
Corporate Changes & Voting Matters
8-K · 2026-05-14
Offering Registrations
S-3ASR · 2026-04-24
Periodic Financial Reports
10-Q · 2026-04-21
Corporate Changes & Voting Matters
8-K · 2026-04-02
Headlines
How to Build $12,100 a Month in Dividend Income From Three Income Buckets
24/7 Wall St. · 2d ago
How Much Do You Need Invested to Double the Average Social Security Check With Dividends?
24/7 Wall St. · 4d ago
Rates Are Hammering REITs. These 5 Dividends Are Built to Hold Up
24/7 Wall St. · 6d ago
Agree Realty Announces Third Quarter 2026 Earnings Release Date and Conference Call Information
Business Wire · 6d ago
5 Safest High-Yield Monthly Dividend Stocks Retirees Trust
24/7 Wall St. · 7d ago
How Much Does a 64-Year-Old Need Invested to Collect $6,150 a Month?
24/7 Wall St. · 8d ago
How to Build $7,250 a Month in Dividend Income Without Owning a Single Yield Trap
24/7 Wall St. · 11d ago
Realty Income Falls for 3 Months: Two Wall Street Pros Say Near 30% Gains Lie Ahead for the Dividend Powerhouse.
24/7 Wall St. · 15d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.