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

Agree Realty Corporation (ADC) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Agree Realty Corporation (ADC) trades at a P/S ratio of 10.8×. Over the past ten years it has ranged from 8.0× (September 2015) to 19.4× (September 2019); the current reading is higher than 16% of that period. That is above the Reit Retail industry median of 7.2× and above the Real Estate sector median of 2.9×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 11.1× (3.81%)
FY2024 11.5× 2.62%
FY2023 11.2× (12.92%)
FY2022 12.9× (8.06%)
FY2021 14.0× 1.18%
FY2020 13.9× (8.58%)
FY2019 15.2× 9.84%
FY2018 13.8× 8.53%
FY2017 12.7× 10.34%
FY2016 11.5× 32.02%

Quarterly newest first

Period P/S ratio Change
Sep 2026 10.3× (12.04%)
Jun 2026 11.7× (3.22%)
Mar 2026 12.0× 8.50%
Dec 2025 11.1× (3.29%)
43 more quarters

Against its own ten years

Low 8.0× High 19.4×
Ten-year median 12.7×
Current reading's percentile 9

P/S ratio against peers

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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