ADC

Agree Realty Corporation

Real Estate · $8.1B market cap

Verdict

Share price

$65.88

close of Oct 3, 2026

Fair value

$45.56

Sticker Price

Payback Price

$18.22

buy price

Overpriced

ADC is Overpriced: at $65.88 it trades 45% above its fair value of $45.56. Its buy price (Payback Price) is $18.22, 72% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

FFO-Based (REIT). A real estate trust. Depreciation makes a property owner's profit look smaller than the cash it brings in, so we value it on funds from operations (FFO).

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth20.2% a year✓
Equity per share growth8.5% a year✗
Sales growth27.9% a year✓
Free cash flow growth28.7% a year✓
Return on invested capital3.4%✗

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Insider activity

Since Aug 19, 2026: 5 open-market purchases worth $4.1M and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Purchases

Other filings

About Agree Realty Corporation

Agree Realty Corporation functions as a publicly traded Real Estate Investment Trust (REIT), concentrating its efforts on the acquisition and development of commercial properties. These assets are primarily net-leased to leading companies within the retail sector. As of September 30, 2020, the firm oversaw a substantial portfolio of 1,027 properties, which were distributed across 45 U.S. states and encompassed a…

REIT - Retail

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works