If You Invested $10,000 In Agree Realty Stock 10 Years Ago, How Much Would You Have Now?

Agree Realty Corporation ADC is a fully integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants.

It is set to report its Q4 2024 earnings on Feb. 11, 2025. Wall Street analysts expect the company to post an EPS of $1.03, up from $1.00 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $156.13 million, up from $144.16 million in the previous year.

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If You Bought Agree Realty Stock 10 Years Ago

The company's stock traded at approximately $31.21 per share 10 years ago. If you had invested $10,000, you could have bought roughly 320 shares. Currently, shares trade at $70.29, meaning your investment's value could have grown to $22,522 from stock price appreciation alone. However, Agree Realty also paid dividends during these 10 years. 

Agree Realty's dividend yield is currently 4.32%. Over the last 10 years, it has paid about $23.47 in dividends per share, which means you could have made $7,520 from dividends alone. 

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Summing up $22,522 and $7,520, we end up with the final value of your investment, which is $30,042. This is how much you could have made if you had invested $10,000 in Agree Realty stock 10 years ago. This means a total return of 200.42%. However, this figure is less than the S&P 500 total return for the same period, which was 224.78%.

What Could The Next 10 Years Bring? 

Agree Realty has a consensus rating of "Buy" and a price target of $76.93 based on the ratings of 22 analysts. The price target implies more than 9% potential upside from the current stock price. Check out this article by Benzinga for 11 analysts' insights on Agree Realty.

On Oct. 22, the company announced its Q3 2024 earnings, posting an FFO of $1.03, compared to the consensus estimate of $1.02 and revenues of $154.33 million, compared to the consensus of $150.81 million, as reported by Benzinga.

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“We are very pleased with our year-to-date performance as we have accelerated investment activity while strengthening our balance sheet through proactive capital markets transactions,” said Joey Agree, President and Chief Executive Officer. “During the quarter, we raised nearly $470 million of forward equity, contributing to record liquidity of over $1.9 billion. Given the continued strong performance of our portfolio and accelerating investment activity across all three external growth platforms, we are increasing full-year 2024 acquisition guidance to approximately $850 million and raising the lower end of our 2024 AFFO per share guidance to a range of $4.12 to $4.14.”

Growth-focused investors may find Agree Realty stock attractive given the expected upside potential. Furthermore, they can benefit from the company's solid dividend yield of 4.32%.

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