Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Agree Realty (ADC)
NYSE:ADC
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.45Last Year’s EPS
0.43Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 0.32%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
Agree Realty's earnings call reflects a strong financial position with significant liquidity and strategic investments. However, market volatility and potential credit risks present challenges. The company's disciplined approach and robust portfolio are positive indicators, but uncertainties in the market temper the overall outlook.Company Guidance
During the Agree Realty Fourth Quarter 2024 Conference Call, the company provided detailed guidance for 2025, emphasizing its financial strategy and investment plans. Agree Realty reported a robust liquidity position with over $2 billion, supported by $920 million in outstanding forward equity and no significant debt maturities until 2028. The company aims to deploy $1.1 to $1.3 billion in investments across its external growth platforms while maintaining leverage within its target range of four to five times net debt to EBITDA. The guidance projects an AFFO per share between $4.26 and $4.30, reflecting a 3.5% year-over-year growth at the midpoint. The company's disciplined capital allocation strategy, combined with a strong balance sheet, positions it to capitalize on opportunities without needing additional equity capital. The outlook includes assumptions for potential dilution due to treasury stock methods if stock prices remain above $70.Strong Liquidity and Balance Sheet
Agree Realty concluded 2024 with over $2 billion of liquidity, including $920 million of outstanding forward equity, and no material debt maturities until 2028. Leverage stood at just 3.3 times pro forma net debt to recurring EBITDA.
Significant Investment Activity
For the fourth quarter, Agree Realty invested approximately $371 million in 127 high-quality retail net lease properties. For the full year 2024, they invested in properties across 45 states, with a total of $867 million originating from the acquisition platform.
Record Year for Development and DFP Platforms
Agree Realty had a record year with 41 projects either completed or under construction, representing approximately $180 million of committed capital.
High Occupancy and Investment-Grade Exposure
At year-end, the portfolio included 2,370 properties with an occupancy rate of 99.6%. The investment-grade exposure was 68.2%.
---
ADC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
ADC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $72.60 | $71.40 | -1.65% |
| Oct 22, 2024 | $74.08 | $75.63 | +2.09% |
| Jul 23, 2024 | $65.10 | $66.23 | +1.74% |
| Apr 23, 2024 | $55.49 | $56.27 | +1.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Agree Realty (ADC) report earnings?
Agree Realty (ADC) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Agree Realty (ADC) earnings time?
Agree Realty (ADC) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ADC EPS forecast?
ADC EPS forecast for the fiscal quarter 2025 (Q1) is 0.45.
---