Agree Realty Corporation (ADC) valuation

Bring your own price

Enter a share price and a discount rate — every multiple, the earning-power value and the reverse-DCF below recompute on the spot from Agree Realty Corporation's latest SEC EDGAR filings. Change either input and the whole page follows.

Share price (USD)

Discount rate (% per year)

Enter a share price to run the model.

The prefilled 8.9% is a plain CAPM cost of equity at β = 1: the 10-year Treasury yield (4.46%, 2026-06-18, U.S. Treasury 10-yr) plus the U.S. equity risk premium (4.46%, Damodaran 2026-01-01). Build a firmer per-company rate with the cost-of-equity and WACC calculators, then paste it here.

Share price — · awaiting your input

Market Capitalization

Equity value at your price

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Price-to-Earnings

P/E · Trailing Diluted

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Earnings Yield

EPS ÷ Price · Trailing

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Price-to-Free-Cash-Flow

P/FCF · Trailing

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Free-Cash-Flow Yield

FCF Yield · Trailing

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Price-to-Sales

P/S · Trailing

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Price-to-Book

P/B · Latest filing

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Fundamentals from the filings

Every model input below comes straight from Agree Realty Corporation's SEC EDGAR XBRL filings — these are the denominators and bridge inputs the calculator pairs with your price and rate.

Trailing twelve months · TTM as of 2026-03-31 (Q1 FY2026)

Revenue: $750.0M
EBIT (GAAP): $360.3M
EBIT margin: 48.0%
Operating cash flow: $522.6M
CapEx: —
D&A: $250.3M
Free cash flow: —
Stock-based comp: $13.4M
YoY revenue growth: 17.8%

CapEx bundles PP&E purchases + finance-lease principal payments ($21.0K) — the same total the P/FCF and FCF-Yield cards net against operating cash flow.

Balance sheet · 10-Q · period ending 2026-03-31

Cash & equivalents: $25.1M
Total debt: $2.61B
Stockholders' equity: $6.24B
Preferred stock: $175.0M
Excess cash: $25.1M

Total debt = SeniorNotes ($2.59B) + Operating lease liability ($19.9M) + Finance lease liability ($5.2M) .

Share count

Diluted shares (TSM-scaled): 120.6M

Method: point-in-time shares outstanding × 1.0043 (latest filer-disclosed diluted ÷ basic ratio). See the diluted-shares methodology for why this count denominates EPV/share and the reverse-DCF equity bridge.

Earning-Power-Value, reverse-DCF, and EV/EBITDA are hidden for this real-estate investment trust. These frameworks capitalise GAAP operating earnings, but a REIT runs on funds from operations (FFO/AFFO) — GAAP EBIT is depressed by non-cash real-estate depreciation, and EV/EBITDA ignores the mortgage debt that funds the property book. The trailing multiples above (P/E, P/S, P/B, P/FCF) still render, but the right lens for a REIT is P/FFO or P/AFFO and dividend coverage — applied manually, outside this page.