Agree Realty Corp
NYSE:ADC

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Agree Realty Corp
NYSE:ADC
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Price: 74.61 USD -1.6% Market Closed
Market Cap: 8.2B USD

Net Margin
Agree Realty Corp

28.8%
Current
32%
Average
9.7%
Industry

Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.

Net Margin
28.8%
=
Net Income
183.4m
/
Revenue
636.8m

Net Margin Across Competitors

Agree Realty Corp
Glance View

Economic Moat
None
Market Cap
8.2B USD
Industry
Real Estate

In the realm of real estate investment trusts (REITs), Agree Realty Corporation has carved a niche for itself by specializing in retail properties. Founded in 1971, the company has grown its portfolio to include predominantly free-standing, net-leased properties across the United States. Unlike many traditional landlords, Agree Realty's business model revolves around the net lease structure, where tenants are responsible for most, if not all, property-related expenses such as maintenance, insurance, and taxes. This model not only mitigates risk but also provides a predictable stream of income, since tenants are mainly high-quality, creditworthy retailers that agree to long-term leases. This strategic positioning allows Agree Realty to limit its exposure to the volatility often seen in retail and focus on generating stable revenue streams. Agree Realty’s business agility is reflected in its tenant base and proactive acquisition strategy. The majority of its properties are leased to national tenants with a focus on recognized leaders in various retail sectors, including grocery, drugstores, and dollar stores—industries known for their resilience against economic downturns and e-commerce pressures. By concentrating on properties with essential retail tenants, Agree Realty captures a reliable cash flow and higher occupancy rates. Furthermore, the company continuously expands its portfolio through strategic acquisitions, which are meticulously selected based on rigorous market analyses and financial merit, ensuring these properties align with their long-term growth objectives. Through this model, Agree Realty not only fortifies its income stability but also retains the flexibility to adapt its portfolio in response to evolving market trends.

ADC Intrinsic Value
66.04 USD
Overvaluation 11%
Intrinsic Value
Price
What is Net Margin?

Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.

Net Margin
28.8%
=
Net Income
183.4m
/
Revenue
636.8m
What is the Net Margin of Agree Realty Corp?

Based on Agree Realty Corp's most recent financial statements, the company has Net Margin of 28.8%.

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