Agree Realty Corporation (N:ADC)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 32301 Woodward Avenue ROYAL OAK MI 48073 |
| Tel: | N/A |
| Website: | https://agreerealty.com |
| IR: | See website |
| Key People | ||
| Richard Agree Executive Chairman of the Board | Joel N. Agree President, Chief Executive Officer, Director | Peter Coughenour Chief Financial Officer, Secretary |
| Nicole Witteveen Chief Operating Officer | Edward A. Eickhoff Executive Vice President - Asset Management | Danielle M. Spehar General Counsel | Craig Erlich Chief Growth Officer |
| Business Overview |
| Agree Realty Corporation is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties net-leased to tenants. The Company's assets are held by, and all of its operations are conducted through, directly or indirectly, the operating partnership, of which the Company is the sole general partner. Its portfolio consists of over 2,135 properties located in 49 states and totaling approximately 44.2 million square feet of gross leasable area (GLA). Its portfolio of properties is located in Texas, Ohio, Florida, Michigan, Illinois, North Carolina, New Jersey, Pennsylvania, California, New York, Georgia, Virginia, Connecticut, Wisconsin and others. Its tenants include Walmart, Dollar General, Tractor Supply, Best Buy, Dollar Tree, TJX Companies, O'Reilly Auto Parts, CVS, Kroger, Lowe's, Hobby Lobby, Burlington, Sherwin-Williams, Sunbelt Rentals, Wawa, Home Depot, TBC Corporation, Gerber Collision, and others. |
| Financial Overview |
| For the three months ended 31 March 2024, Agree Realty Corporation revenues increased 18% to $149.5M. Net income applicable to common stockholders increased 8% to $42.9M. Revenues reflect NAREIT FFO - Per Share - Basic - Total increase of 4% to $0.93, NAREIT FFO - Per Share - Diluted - Total increase of 6% to $0.93, Other increase from $9K to $31K. |
| Employees: | 72 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $8,604M as of Mar 31, 2024 |
| Annual revenue (TTM): | $560.33M as of Mar 31, 2024 |
| EBITDA (TTM): | $456.29M as of Mar 31, 2024 |
| Net annual income (TTM): | $165.35M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$998.15M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $2,514M as of Mar 31, 2024 |
| Shares outstanding: | 100,625,948 as of Apr 22, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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