Agree Realty Corp (ADC)

NYSE · Real Estate · REIT - Retail · USA

Agree Realty Corp is a mid cap company (market value between $2 billion and $10 billion) in the REIT - Retail industry.

Agree Realty is a real estate investment trust that owns, acquires, develops and manages retail properties leased to major retailers under long-term net lease agreements. The company operates a portfolio of properties across all states, with high occupancy and properties leased to national tenants, with a substantial portion of rent derived from investment-grade-rated entities.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Agree Realty Corp stock.

Our verdict on ADC

Undervalued: intrinsic value $91.22 per share, market price $67.08, margin of safety 26.5% (as of 2026-10-20).

Discounting its cash flows at 7.9% (average of 3 methods) values the shares at $91.22; the price of $67.08 is 26% below that value, and 81% of that value comes from beyond year five.

Leak Score: 64/100 on 10 of 12 signals (Faint Leak).

ETFs with the most weight in ADC

17 more funds hold it; the full list is part of the paid plan.

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Cheaper than ADC in REIT - Retail

6 more in this industry show a wider margin of safety.

Is ADC undervalued or overvalued?

ADC is undervalued (as of the 2026-10-20 close). Discounting its cash flows at 7.9% (average of 3 methods) values the shares at $91.22; the price of $67.08 is 26% below that value, and 81% of that value comes from beyond year five.

What is the intrinsic value of ADC?

$91.22 per share (as of the 2026-10-20 close), against a market price of $67.08. That is a margin of safety of 26.5%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is Agree Realty Corp's Leak Score?

64 out of 100, which we rate "Faint Leak", on 10 of 12 value investing signals.