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Agree Realty ADC

Agree Realty scores good on business quality (6.4 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$65.95Oct 9, 2026
Business qualityGood
Next earningsOct 20, 2026, after the close
Insiders, 90 daysBuying

Why it matters

  1. What Agree Realty does

    Agree Realty acquires, develops, and manages retail properties net-leased to industry-leading tenants. Retailers pay rent to secure prime physical footprints across the country. The company accelerates portfolio expansion through active property acquisitions and developer partnerships.

  2. What it does best

    Agree Realty outperforms peers in top-line expansion, delivering revenue growth of 16.4% that outpaces O at 9.1%. Scale and disciplined acquisition channels drive this edge, making prime retail real estate hard for smaller rivals to replicate.

  3. The main risk

    Financing costs remain a key vulnerability as interest coverage sits at 2.6x. If borrowing expenses climb further, debt servicing consumes a larger slice of earnings and constrains capital deployment.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Operating margin reaches 48.5%, supported by an 88% gross margin. Free cash flow margin sits at the 1st percentile of its sector due to heavy capital outlays. Scale improves gross efficiency but heavy spending drags cash conversion.

MoatFair

Long-term net leases lock in corporate tenants across a resilient retail footprint. Gross margins hit 88%, placing the firm in the top quartile of its sector at the 87th percentile.

GrowthFast

Revenue growth surges at 16.4%, landing in the top decile of its sector at the 95th percentile. This engine accelerates steadily above historical levels as acquisitions scale up.

Financial healthFair

Debt-to-equity sits at 0.5x alongside a cash pile of $16.0M. Free cash flow is negative $1.3B due to heavy capital expenditures, keeping funding reliant on external capital markets.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

3 insiders bought $4.1M on the open market.

Our sealed record on ADC

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is ADC a good business?

Agree Realty scores good on the Cluenex quality check (6.4 of 10), measured against its own industry. Profitability is fair, moat fair, growth fast and financial health fair.

Are insiders buying ADC?

In the last 90 days of SEC Form 4 filings: 3 insiders bought $4.1M on the open market.

When does ADC report earnings?

Oct 20, 2026, after the close.

For members

See ADC today

  • Today's verdict on ADC, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Agree Realty (ADC)”, https://cluenex.com/stocks/adc/, data as of Oct 10, 2026.