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Friday 6 November 2026 Export ADC’s income statement to Excel — free account

Agree Realty Corporation

ADC Real Estate Reit Retail

Agree Realty Corporation’s revenue for fiscal 2025 (year ended December 2025) was $718.4 million, up 16.4% from fiscal 2024.

Revenue
+16.7%
EPS
+17.8%
Free cash flow
+50.0%
Total debt
+10.5%

Quarter to September 2026, against a year earlier

70.43 0.47 +0.67%
Market cap
$9.2B
P/E
36.3×
Fwd P/E
34.2×
Dividend yield
4.52%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Agree Realty Corporation (ADC) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Agree Realty Corporation (ADC) trades at a EV/EBITDA of 17.2×. Over the past ten years it has ranged from 15.7× (January 2016) to 28.4× (October 2019); the current reading is higher than 10% of that period. That is above the Reit Retail industry median of 16.0× and above the Real Estate sector median of 15.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 18.0× 0.03%
FY2024 18.0× 0.08%
FY2023 18.0× (6.03%)
FY2022 19.2× (6.45%)
FY2021 20.5× (4.48%)
FY2020 21.5× 1.37%
FY2019 21.2× (2.67%)
FY2018 21.8× 10.20%
FY2017 19.7× 5.07%
FY2016 18.8× 16.25%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 16.6× (12.00%)
Jun 2026 18.9× (2.41%)
Mar 2026 19.3× 7.15%
Dec 2025 18.0× (4.15%)
43 more quarters

Against its own ten years

Low 15.7× High 28.4×
Ten-year median 19.7×
Current reading's percentile 10

EV/EBITDA against peers

Company EV/EBITDA
KRG Kite Realty Group Trust compare 10.4×
FRT Federal Realty Investment Trust compare 14.0×
NNN NNN REIT, Inc. compare 14.6×
BRX Brixmor Property Group Inc. compare 15.3×
EPRT Essential Properties Realty Trust, Inc. compare 15.8×
PECO Phillips Edison & Company, Inc. compare 16.0×
ADC Agree Realty Corporation 17.2×
REG Regency Centers Corporation compare 18.3×
MAC Macerich Company (The) compare 20.1×
Reit Retail industry median 16.0×
Real Estate sector median 15.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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