ADC is the ticker symbol for AGREE REALTY CORP, a publicly traded Real Estate sector company listed on NYSE. 13F Pro tracks ADC with AI-powered analysis, a 32-signal quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is ADC a good stock to buy?

ADC is tracked on 13F Pro with SEC EDGAR data, but is not currently included in our 32-signal AI quality ranking. The full company profile with financials and AI insights is at https://13fpro.ai/company/ADC.

Where does 13F Pro source ADC data?

All AGREE REALTY CORP fundamentals and ownership data come directly from SEC EDGAR. AGREE REALTY CORP files with the SEC under CIK 917251. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

AGREE REALTY CORP(ADC)— Stock Profile, AI Score & Financials

Real Estate · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated 2026-06-30.

AGREE REALTY CORP (ADC) stock profile, AI quality score, and SEC EDGAR financial data, a Real Estate sector company. 13F Pro tracks ADC using direct SEC EDGAR data and AI-powered research tools. Based on the latest XBRL financial filings (Q2 2026), AGREE REALTY CORP reports quarterly revenue of $205.1M, net income of $54.7M, an operating margin of 46.5%. Top institutional holders of ADC by reported 13-F value include BlackRock, COHEN & STEERS, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. ADC trades on the NYSE exchange and files with the SEC under CIK 917251. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ADC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for AGREE REALTY CORP directly from SEC EDGAR.

AI Rank

#80

Revenue

$205.1M

Net Income

$54.7M

Operating Margin

46.5%

ADC key financials by period

AGREE REALTY CORP reported revenue, net income and margins by fiscal period, from SEC filings.
Period	Form	Revenue	Net income	Operating margin
FY 2025	10-K	$718.4M	$204.3M	47.4%
FY 2024	10-K	$617.1M	$189.2M	49.0%
FY 2023	10-K	$537.5M	$170.0M	47.3%
FY 2022	10-K	$429.8M	$152.4M	50.7%
FY 2021	10-K	$339.3M	$122.3M	56.1%
FY 2020	10-K	$248.6M	$91.4M	53.6%

Institutions holding ADC

Institutional investors reporting a position in AGREE REALTY CORP on SEC Form 13F.
Institution	Shares	Value	Reported
BlackRock	19,112,107	$1.4B	2026-06-30
COHEN & STEERS	16,403,414	$1.2B	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT	10,588,511	$802.0M	2026-06-30
STATE STREET	5,858,959	$445.3M	2026-06-30
VANGUARD CAPITAL MANAGEMENT	5,405,144	$409.4M	2026-06-30
PRINCIPAL FINANCIAL GROUP	4,662,379	$353.1M	2026-06-30
CENTERSQUARE INVESTMENT MANAGEMENT	3,730,917	$282.6M	2026-06-30
TWO SIGMA INVESTMENTS	3,535,058	$267.7M	2026-06-30
Daiwa Securities Group	2,921,805	$221.3M	2026-06-30
GEODE CAPITAL MANAGEMENT	2,781,222	$210.7M	2026-06-30

SEC EDGAR: CIK 917251 →

AGREE REALTY CORP

ADC

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What's Driving ADC's Business? Latest 10-Q Breakdown

24/24 datapoints verified

AI-extracted from the 10-Q filed 2026-07-30 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Rental income grew 17% YoY to $205.1M in Q2 2026 as portfolio expanded to 2,825 properties; net income attributable to common stockholders increased 12% to $52.8M.

Biggest Revenue Drivers

Rental income$204.981M+17% YoY

Growth driven by acquisition and ownership of increased number of properties during period

Other revenue$0.119M-8% YoY

Miscellaneous revenue from operations

Biggest Revenue Drivers

Total revenue: $205.1M+17% YoY

Rental income$204.981M+17% YoY

Growth driven by acquisition and ownership of increased number of properties during period

Other revenue$0.119M-8% YoY

Miscellaneous revenue from operations

Largest Expense Items

Depreciation and amortization$69.094M+17% YoY

Increased due to larger real estate portfolio from acquisitions

Real estate taxes$15.257M+19% YoY

Higher due to acquisition and ownership of increased number of properties

Interest expense, net$40.278M+25% YoY

Higher borrowings to finance acquisitions plus impact of 2035 Senior Notes and 2031 Term Loan

Property operating expenses$9.507M+13% YoY

Increased due to larger portfolio from acquisitions

Margins: Operating margin improved as revenue growth of 17% outpaced operating expense growth, with depreciation/amortization and property taxes increasing proportionally to portfolio expansion. Net margin compression from 28% to 27% due to 25% increase in interest expense on higher debt levels financing acquisitions.

Watch Items from the Filing

Portfolio concentration: single tenant represents less than 10% of revenues, but 65.8% of annualized base rent from investment-grade tenants mitigates tenant risk.
Debt increased to $3.85B principal from $3.32B; leverage measured at 28.5% net debt-to-enterprise value, within reasonable range but rising with acquisition pace.
Development and DFP activity: 10 ongoing projects with $199.9M total anticipated costs; only 1 of 5 commenced projects delivered in Q2, pace slower than prior year (5 delivered in H1 2025).
Portfolio 99.8% leased with 7.7-year weighted average remaining lease term; disposed 21 properties in H1 2026 realizing $3.7M gain versus 5 properties in H1 2025.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →