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

69.29 1.17 −1.66%
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

Agree Realty Corporation (ADC) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Agree Realty Corporation (ADC) trades at a P/B ratio of 1.3×. Over the past ten years it has ranged from 1.0× (October 2023) to 2.2× (October 2019); the current reading is higher than 15% of that period. That is below the Reit Retail industry median of 1.8× and above the Real Estate sector median of 1.0×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.3× (1.99%)
FY2024 1.3× 10.96%
FY2023 1.2× (3.45%)
FY2022 1.2× (15.19%)
FY2021 1.5× 7.55%
FY2020 1.4× (18.83%)
FY2019 1.7× 9.95%
FY2018 1.5× (1.82%)
FY2017 1.6× 1.14%
FY2016 1.5× 14.28%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.2× (14.29%)
Jun 2026 1.4× (3.86%)
Mar 2026 1.5× 13.88%
Dec 2025 1.3× (5.69%)
43 more quarters

Against its own ten years

Low 1.0× High 2.2×
Ten-year median 1.5×
Current reading's percentile 16

P/B ratio against peers

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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