Agree Realty Corporation
Agree Realty Corporation’s revenue for fiscal 2025 (year ended December 2025) was $718.4 million, up 16.4% from fiscal 2024. In the quarter to June 2026, revenue grew 16.9%, EPS grew 2.33%, free cash flow fell 56.3% and total debt rose 18.7%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for ten, operating cash flow growth for ten; insiders bought in the last twelve months.
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Agree Realty Corporation (ADC) P/E ratio
As of 16 October 2026, Agree Realty Corporation (ADC) trades at a P/E ratio of 36.0×. Over the past ten years it has ranged from 14.0× (October 2015) to 46.3× (March 2026); the current reading is higher than 51% of that period. That is above the Reit Retail industry median of 25.9× and above the Real Estate sector median of 21.6×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 40.7× | 3.98% |
| FY2024 | 39.1× | 5.38% |
| FY2023 | 37.1× | (3.18%) |
| FY2022 | 38.4× | (4.32%) |
| FY2021 | 40.1× | 5.98% |
| FY2020 | 37.8× | 5.67% |
| FY2019 | 35.8× | 10.21% |
| FY2018 | 32.5× | 32.01% |
| FY2017 | 24.6× | 4.37% |
| FY2016 | 23.6× | 51.21% |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 40.7× | (0.06%) |
| Mar 2026 | 40.7× | 0.13% |
| Dec 2025 | 40.7× | (1.47%) |
| Sep 2025 | 41.3× | (4.46%) |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| MAC Macerich Company (The) compare | n/m |
| KRG Kite Realty Group Trust compare | 15.1× |
| BRX Brixmor Property Group Inc. compare | 19.5× |
| EPRT Essential Properties Realty Trust, Inc. compare | 20.2× |
| NNN NNN REIT, Inc. compare | 20.4× |
| FRT Federal Realty Investment Trust compare | 21.4× |
| REG Regency Centers Corporation compare | 24.8× |
| PECO Phillips Edison & Company, Inc. compare | 33.2× |
| ADC Agree Realty Corporation | 36.0× |
| Reit Retail industry median | 25.9× |
| Real Estate sector median | 21.6× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)