Agree Realty Corporation

ADC
Real Estate
$77.92
4.03%Overvalued

Agree Realty Corporation (ADC) is a Real Estate company that currently yields 4.03% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $20.98 and the overvaluation threshold at $74.08. Agree Realty Corporation holds a quality score of 32/100 (Risky), reflecting 14 consecutive years of dividend growth with a 168% payout ratio. The 5-year dividend CAGR stands at 46.9%.

ADC Dividend Yield History — Weiss Valuation

Underval. $20.98Overval. $74.08

Distance to undervalued

Entry price is stretched

Needs 73.1% downside to reach the Weiss buy zone

Undervaluation starts near $20.98, where the annual dividend would imply roughly 14.97% yield. That is 10.94% above today's yield.

Buy-zone price

$20.98

Target yield

14.97%

Research checklist

What to clear before buying the yield

Updated Jul 9, 2026

Dividend durability

14Y

Long dividend history supports a deeper look.

Earnings payout

168%

Coverage deserves a closer look in filings.

Cash payout

86%

Confirm cash conversion and one-off effects.

Dividend growth

46.9%

Recent growth adds income compounding potential.

What changed

What changed since the last update

2026-07-082026-07-09

No major change in signal, yield, price, quality, or payout since the last update.

Why Now?

Agree Realty Corporation is trading near its historical overvaluation band.

Current yield 4.0% vs historical max 32.1% (13% of maximum).

5 years of uninterrupted dividends.

Elevated payout ratio of 168%.

What matters now

Read the signal before the headline yield

Valuation is the brake here: the yield is compressed versus its own history.

The 32/100 quality score says the headline yield needs extra skepticism.

The earnings payout ratio is above 100%, so coverage is the first risk to unpack.

ADC Dividend Income Projection — DRIP Compounder

Dividend Compounder (DRIP)

$

Year 1 Income

$524

Year 10 Income

$24,751

Yield on Cost

385.05%

Total Income

$59,289

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

Track actual vs. projected

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Dividend income log · Yield on cost · DRIP cost basis · Tax reports

More research

Full price history & technical analysis

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Fundamentals, valuation & analyst ratings

FinViz ↗

Moat rating & analyst fair value

Morningstar ↗

Track dividends received & tax reports

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ADC Dividend Quality Score

Quality Score

32/ 100

Risky

Payout Ratio0/25
Dividend Streak12/25
Growth (CAGR 5Y)20/20
Yield vs History0/15
FCF Coverage0/15

Key Metrics

Current Price$77.92
Annual Dividend$3.14
Current Yield4.03%
Yield — Max (10Y)32.09%
Yield — Min (10Y)4.32%
Undervalued Below$20.98
Overvalued Above$74.08
Payout Ratio168.00%
CAGR Dividend 5Y46.9%
CAGR Dividend 10Y
Years No Cut5y

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14
consecutive years of dividend growth