Agree Realty Corporation (NYSE:ADC) to Issue Monthly Dividend of $0.27

Agree Realty Corporation (NYSE:ADC) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.267 per share by the real estate investment trust on Wednesday, October 14th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, September 30th.

Agree Realty has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Agree Realty has a payout ratio of 162.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Agree Realty to earn $4.67 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 68.5%.

Agree Realty Price Performance

ADC stock opened at $71.50 on Friday. The company has a market capitalization of $8.89 billion, a P/E ratio of 38.44, a PEG ratio of 2.37 and a beta of 0.46. Agree Realty has a twelve month low of $69.56 and a twelve month high of $82.08. The business has a 50 day simple moving average of $76.18 and a 200-day simple moving average of $76.46. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60.

Agree Realty (NYSE:ADC) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Agree Realty had a return on equity of 3.90% and a net margin of 28.84%.The business had revenue of $216.33 million for the quarter, compared to analysts’ expectations of $204.53 million. During the same quarter last year, the business posted $1.06 earnings per share. The business’s revenue was up 16.8% on a year-over-year basis. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. As a group, equities analysts anticipate that Agree Realty will post 4.45 EPS for the current year.

Agree Realty Company Profile

Agree Realty Corporation (NYSE: ADC) is a real estate investment trust that owns, develops, acquires and manages retail properties. The company primarily invests in freestanding, net-leased properties occupied by nationally recognized and regionally established retailers.

Under a net lease, tenants generally pay expenses such as property taxes, insurance and maintenance in addition to rent. Agree Realty’s portfolio is focused largely on essential retail locations, including stores serving everyday consumer needs.