Company Name:  Agree Realty Corp  Ticker Symbol:  ADC  CIK Number:  0000917251  WWW Address:  http://www.agreerealty.com 
CEO:  Mr. Joel N. Agree  No. of Employees:  14 
Common Issue Type:  CS  Business Description:  Agree Realty Corporation is a REIT, which engaged in the ownership, development, acquisition and management of single tenant retail properties net leased to national tenants.

  Industry Information:  REAL ESTATE  Property Management [more like this] 
 Price  Day Change  Bid  Ask  Open  High  Low  Volume  41.95  0.15      41.83  42.15  41.55  168178 
Market Cap (mil)  Shares Outstanding (mil)  Beta  EPS  DPS  P/E  Yield  52WksRange 
871.0  20.8  0.00  2.17  1.85  18.8  4.5  43.52  27.74 
 KEY FIGURES (Latest Twelve Months  LTM)  Yesterday's Close  41.94  $  PE Ratio  LTM  18.8  
Market Capitalisation  871.0  mil 
Latest Shares Outstanding  20.8  mil 
Earnings pS (EPS)  2.17  $ 
Dividend pS (DPS)  1.85  ¢ 
Dividend Yield  4.5  % 
Dividend Payout Ratio  1  % 
Revenue per Employee  2,556,408  $ 
Effective Tax Rate  0.0  % 
Float  15.1  mil 
Float as % of Shares Outstanding  0.7  % 
Foreign Sales    
Domestic Sales    
Selling, General & Adm/tive (SG&A) as % of Revenue    
Research & Devlopment (R&D) as % of Revenue    
Gross Profit Margin    
EBITDA Margin  80.9  % 
PreTax Profit Margin  0.0  % 
Assets Turnover  10.1  % 
Return on Assets (ROA)  5.6  % 
Return on Equity (ROE)  9.7  % 
Return on Capital Invested (ROCI)  5.3  % 
Current Ratio    
Leverage Ratio (Assets/Equity)  1.8  
Interest Cover   
Total Debt/Equity (Gearing Ratio)  0.71  
LT Debt/Total Capital  31.0  % 
Working Capital pS    
Cash pS    
BookValue pS  21.58  $ 
Tangible BookValue pS  18.04  $ 
Cash Flow pS  2.76  $ 
Free Cash Flow pS  8.07  $ 

KEY FIGURES (LTM): Price info 
Price/Book Ratio  1.91  
Price/Tangible Book Ratio  0.00  
Price/Cash Flow  14.9  
Price/Free Cash Flow  5.1  
P/E as % of Industry Group  0.0  % 
P/E as % of Sector Segment  0.0  % 
  Balance Sheet (at a glance) in Millions 
   DIVIDEND INFO  Type of Payment  Cash Payment 
Dividend Rate  1.85 
Current Dividend Yield  4.5 
5Y Average Dividend Yield  7.1 
Payout Ratio  1.0 
5Y Average Payout Ratio  116.0 
 
 
 
 
 
  Share price performance previous 3 years 
   Share price performance intraday 
    PRICE/VOLUME  High  Low  Close  % Price Chg  % Price Chg vs. Mkt.  Avg. Daily Vol  Total Vol 
1 Week        0.7  2  153,502  353,073 
4 Weeks  43.52  38.59  40.56  3.1  4  248,807  5,224,957 
13 Weeks  43.52  35.94  37.33  12.0  5  168,075  10,924,894 
26 Weeks  43.52  31.75  33.29  25.6  26  155,399  19,424,976 
52 Weeks  43.52  27.74  30.45  37.3  39  120,595  30,510,540 
YTD  43.52  31.75    25.6  22  160,533  15,892,838 
Moving Average  5Days  10Days  10Weeks  30Weeks  200Days  Beta (60Mnth)  Beta (36Mnth) 
 41.39  41.98  39.93  36.40  34.59  0.00  0.00 
  GROWTH RATES  5Year Growh  R² of 5Year Growth  3Year Growth 
Revenue  0.14  0.4  0.25 
Income  0.21  0.7  0.29 
Dividend  0.02  0.1  0.05 
Capital Spending  0.11  NA  0.28 
R&D  0.00  NA  0.00 
Normalized Inc.  0.00  NA  0.00 
  CHANGES  YTD vs. Last YTD  Curr Qtr vs. Qtr 1Yr ago  Annual vs. Last Annual 
Revenue %  11.5  11.5  7.5 
Earnings %  13.7  13.7  88.1 
EPS %  4.7  4.7  63.6 
EPS $  0.02  0.02  0.63 
  SOLVENCY RATIOS  SHORTTERM SOLVENCY RATIOS (LIQUIDITY) 
Free Cash Flow Margin  378.00 
Free Cash Flow Margin 5YEAR AVG  234.24 
CashFlow pS  0.00 
Free CashFlow pS  5.74 
FINANCIAL STRUCTURE RATIOS 
Financial Leverage Ratio (Assets/Equity)  1.76 
Debt Ratio  43.08 
Total Debt/Equity (Gearing Ratio)  0.71 
LT Debt/Equity  0.45 
LT Debt/Capital Invested  30.88 
LT Debt/Total Liabilities  59.04 
  VALUATION RATIOS  MULTIPLES 
PQ Ratio  7.49 
Tobin's Q Ratio  1.24 
Current P/E Ratio  LTM  18.80 
Enterprise Value (EV)/EBITDA  0.17 
Enterprise Value (EV)/Free Cash Flow  5.46 
Dividend Yield  4.5 
Price/Tangible Book Ratio  LTM  0.00 
Price/Book Ratio  LTM  1.91 
Price/Cash Flow Ratio  14.9 
Price/Free Cash Flow Ratio  LTM  5.1 
P/E Ratio (1 month ago)  LTM  19.4 
P/E Ratio (26 weeks ago)  LTM  16.8 
P/E Ratio (52 weeks ago)  LTM  23.3 
5Y High P/E Ratio  20.4 
5Y Low P/E Ratio  9.2 
5Y Average P/E Ratio  15.5 
Current P/E Ratio as % of 5Y Average P/E  31 
P/E as % of Industry Group  0.0 
P/E as % of Sector Segment  0.0 
Current 12 Month Normalized P/E Ratio  LTM  24.3 
PER SHARE FIGURES 
Tangible Book Value pS  LTM  18.04 
Book Value pS  LTM  21.58 
Capital Invested pS  31.44 
Cash Flow pS  LTM  2.76 
Free Cash Flow pS  LTM  8.07 
Earnings pS (EPS)  2.17 
  OPERATING RATIOS  PROFITABILITY 
Return on Equity (ROE)  8.65 
Return on Equity (ROE)  5YEAR AVRG.  0.1 
Return on Capital Invested (ROCI)  5.06 
Return on Capital Invested (ROCI)  5YEAR AVRG.  0.1 
Return on Assets (ROA)  4.92 
Return on Assets (ROA)  5YEAR AVRG.  0.0 
EBIT Margin  LTM  57.3 
EBITDA Margin  LTM  80.9 
PreTax Profit Margin  89.15 
PreTax Profit Margin  5YEAR AVRG.  63.13 
Net Profit Margin  55.77 
Net Profit Margin  5YEAR AVRG.  42.12 
Effective Tax Rate  0.00 
Effective Tax Rate  5YEAR AVRG.  0.00 
EFFICIENCY RATIOS 
Revenue per Employee  LTM  2,720,079 
Net Income per Employee  LTM  1,375,268 
Assets/Revenue  LTM  14.49 
Assets/Revenue  5YEAR AVRG.  1,019.68 

   