AGREE REALTY CORP (ADC)
Real Estate Investment Trusts
Latest Price
$70.07
TTM P/E
37.67
Normalized P/E
39.01
Div Yield
4.48%
Book Value
52.88
P/B Ratio
1.33
Valuation metrics
adjust assumptions →EPS: $1.77
Book value / share: $52.25
Formula: √(22.5 × EPS × BVPS)
Graham Number
$45.61
35% downside
Norm. op. income: $218M (median of 7yr)
Tax rate: 5%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$3.29
95% downside
EPS: $1.77
Target P/E: 39×
Formula: EPS × P/E
P/E Fair Value
$69.03
1% downside
Institutional Ownership
100.0% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 19.11M | $1.45B | 15.37% | +1.22M | 2026-06-30 |
| COHEN & STEERS, INC. | 16.40M | $1.24B | 13.19% | -1.46M | 2026-06-30 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 10.59M | $801.0M | 8.51% | +328.5K | 2026-06-30 |
| STATE STREET CORP | 5.86M | $445.0M | 4.71% | -107.4K | 2026-06-30 |
| VANGUARD CAPITAL MANAGEMENT LLC | 5.41M | $409.0M | 4.35% | +58.7K | 2026-06-30 |
| PRINCIPAL FINANCIAL GROUP INC | 4.66M | $353.0M | 3.75% | +136.3K | 2026-06-30 |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | 3.73M | $282.0M | 3.00% | +301.3K | 2026-06-30 |
| TWO SIGMA INVESTMENTS, LP | 3.54M | $267.0M | 2.84% | -- | 2026-06-30 |
| Daiwa Securities Group Inc. | 2.92M | $221.0M | 2.35% | -39.9K | 2026-06-30 |
| GEODE CAPITAL MANAGEMENT, LLC | 2.78M | $210.0M | 2.24% | +82.5K | 2026-06-30 |