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Agree Realty Corp.

$79.6

Earnings Summary

Q2 FY2022-2023Q1 FY2022-2023Q4 FY2021-2022Q3 FY2021-2022Q2 FY2021-2022Q1 FY2021-2022Q4 FY2020-2021Q3 FY2020-2021Q2 FY2020-2021Q1 FY2020-2021Q4 FY2019-2020Q3 FY2019-2020Q2 FY2019-2020Q1 FY2019-2020Q4 FY2018-2019Q3 FY2018-2019Q2 FY2018-2019Q1 FY2018-2019Q4 FY2017-2018Q3 FY2017-2018Q2 FY2017-2018Q1 FY2017-2018Q4 FY2016-2017Q3 FY2016-2017
Revenue
$104.88Mn
Net Profits
$34.11Mn
Net Profit Margins
32.53%
PE Ratio
42.37

Highlights

Revenue:

Agree Realty Corp.’s revenue jumped 27.05% since last year same period to $104.88Mn in the Q2 2022. On a quarterly growth basis, Agree Realty Corp. has generated 6.64% jump in its revenue since last 3-months.

Net Profits:

Agree Realty Corp.’s net profit jumped 52.66% since last year same period to $34.11Mn in the Q2 2022. On a quarterly growth basis, Agree Realty Corp. has generated -0.41% fall in its net profits since last 3-months.

Net Profit Margins:

Agree Realty Corp.’s net profit margin jumped 20.15% since last year same period to 32.53% in the Q2 2022. On a quarterly growth basis, Agree Realty Corp. has generated -6.61% fall in its net profit margins since last 3-months.

PE Ratio:

Agree Realty Corp.’s price-to-earnings ratio after this Q2 2022 earnings stands at 42.37.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Agree Realty Corp. post its latest quarter earnings

EPS Estimate Current Quarter
0.45
EPS Estimate Current Year
0.45

Highlights

EPS Estimate Current Quarter:

Agree Realty Corp.’s earning per share (EPS) estimates for the current quarter stand at 0.45 - a 0% jump from last quarter’s estimates.

EPS Estimate Current Year:

Agree Realty Corp.’s earning per share (EPS) estimates for the current year stand at 0.45.

Key Ratios

Key ratios of the Agree Realty Corp. post its Q2 2022 earnings

Earning Per Share (EPS)
0.45
Return on Assets (ROA)
0.02
Return on Equity (ROE)
0.04
Dividend Per Share (DPS)
2.72

Highlights

Earning Per Share (EPS):

Agree Realty Corp.’s earning per share (EPS) jumped 32.35% since last year same period to 0.45 in the Q2 2022. This indicates that the Agree Realty Corp. has generated 32.35% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Agree Realty Corp.’s return on assets (ROA) stands at 0.02.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Agree Realty Corp.’s return on equity (ROE) stands at 0.04.

Dividend Per Share (DPS):

Agree Realty Corp. declared 2.72 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

20222021202020192018201720162015
Earnings DateEstimated EPSReported EPSSurprise %
2022-08-02
0.45
0.45
0%
2022-05-03
0.45
0.48
6.67%

Company Information

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of December 31, 2020, the Company owned and operated a portfolio of 1,129 properties, located in 46 states and containing approximately 22.7 million square feet of gross leasable area.

Organisation
Agree Realty Corp.
Employees
2.02K
Industry
Finance