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Agree Realty Corporation
ADC · NYSEReal Estate
The economic chain
Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Capitalwho funds itREITs & ownerswho owns the propertyPropertyportfoliosthe buildings & sitesBrokerage &managementwho leases & runs itTenantswho rents the spaceEnd demandwhat drives itCAPInvestors & lendersDEBTBonds & mortgagesORealty IncomeADCAgree RealtyNNNNNN REITPROPFreestanding retail propertiesDEVAgree Development & DFPMGMTLeasing & asset managementWMTWalmartTSCOTractor SupplyDGDollar GeneralHLHobby LobbyTJXTJX CompaniesORLYO'Reilly Auto PartsBBYBest BuyCVSCVS HealthKRKroger+ hundreds of retailersYOUHouseholds & shoppersOMNIOmni-channel retail demand
Company details
Market cap
$9.1B
P/FFO
16×
Div yield
4.2%
AFFO / share
$4.33
Occupancy
99.7%
Rev. growth
+16%
Revenue
$718M
Properties
2,674
In plain English
Agree Realty is a net-lease retail REIT — it owns 2,674 freestanding stores across all 50 states and rents them to strong retailers like Walmart, Tractor Supply and Dollar General on long leases where the tenant pays the taxes, insurance and upkeep. It collects the rent (~$718M in 2025, 99.7% leased) and pays most of it out as a monthly dividend.
In simple terms
What Agree Realty Corporation really sells
Agree Realty is a net-lease retail REIT — it owns 2,674 freestanding stores across all 50 states and rents them to strong retailers like Walmart, Tractor Supply and Dollar General on long leases where the tenant pays the taxes, insurance and upkeep. It collects the rent (~$718M in 2025, 99.7% leased) and pays most of it out as a monthly dividend.
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Risk read
Moderate
SteadierMore speculative
Why this rating?