
Agree Realty (ADC) Stock Forecast & Price Target
Agree Realty (ADC) Analyst Ratings
Bulls say
Agree Realty Corporation is well-positioned for growth, driven by its robust acquisition strategy and a leading acquisition pace that enhances its high valuation multiple. The potential for spread expansion, coupled with the recognition of the ground lease portfolio's intrinsic value and the prospect of a credit upgrade, further supports a positive outlook for the stock. Additionally, with management projecting conservative acquisition volumes of $1.1-$1.3 billion for 2025 and a strong balance sheet, the company anticipates sustaining mid-single-digit annual growth in adjusted funds from operations (AFFO) per share for the foreseeable future.
Bears say
Agree Realty Corporation's projected Adjusted Funds from Operations per share (AFFO/sh) for 2025 and 2026 has been revised downward by $0.02, primarily due to rising operating costs and a 25 basis points increase in the cost of debt. The company's investment volume guidance for 2025 is slightly lower than previous estimates, suggesting a potentially slower acquisition pace which may negatively impact the company's valuation multiple. Additionally, prevailing economic trends present significant risks, particularly concerning credit quality among key tenants, inflation exposure due to long lease durations, and the impact of compressed acquisition spreads.
This aggregate rating is based on analysts' research of Agree Realty and is not a guaranteed prediction by Public.com or investment advice.
Agree Realty (ADC) Analyst Forecast & Price Prediction
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