Agree Realty Corporation — Cyborg Score 8/10

Strong
Real Estate Investment Trust (REIT) - Retail Net Lease

Strategic Profile

Agree Realty offers a high-quality, diversified net lease retail REIT portfolio, with peer-leading investment-grade tenant concentration and robust lease terms, standing out as an A-tier triple-net REIT with a high-quality, investment-grade tenant base and recession-resistant sector exposure. The company increased 2026 investment guidance to $1.4 billion to $1.6 billion, demonstrating strong confidence in acquisition opportunities.

Cyborg Score Rationale

According to 12 analysts, the average rating for ADC stock is "Buy." The monthly dividends reflect an annualized dividend amount of $3.144 per common share, representing a 3.6% year-over-year increase. In 2025, Agree Realty's revenue was $718.40 million, an increase of 16.42% compared to the previous year's $617.10 million, with earnings increasing 8.63%.

Top Insights

  • Owns 2,674 retail properties across all 50 states with 55.5M sq ft of leasable area as of Dec 2025
  • Revenue grew 16.4% YoY to $718M in 2025; raising 2026 AFFO guidance to $4.54-$4.58 per share
  • Dividend yield of 4.31% with recent 3.6% annual increase; targeting $1.4-$1.6B investment in 2026
  • Investment-grade credit ratings (A- Fitch, Baa1 Moody's, BBB+ S&P) reflect strong financial stability

Named Competitors

  • Acadia Realty Trust — Net lease retail REIT competitor
  • STORE Capital — Retail triple-net lease REIT
  • Realty Income — Diversified net lease REIT

Recent Developments

  • (February 2026) Released Q4 2025 earnings with $4.54-$4.58 AFFO guidance and $1.4-$1.6B investment target
  • (February 2026) Declared monthly dividend of $0.262 per share for January and February 2026, 3.6% YoY increase
  • (December 2025) Entered $350M unsecured 5-year term loan at 5.5% to support growth initiatives
  • (Q4 2025) Invested $377M in 94 new net lease properties; commenced development projects totaling $35M

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