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Profile - Agree Realty Corporation (NYSE:ADC)
As of 31-Aug-2001
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Recent Events
Aug 15Price hit new 52-week high ($20.60)
Location
31850 Northwestern Highway
Farmington Hills, MI 48334
Phone: (248) 737-4190
Fax: (248) 737-9110
Email: invest@agreerealty.com
Employees (last reported count): 7
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Real Estate Operations
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Ownership
·Insider and 5%+ Owners: 12%
·Over the last 6 months:
 · 5 insider buys; 13.0K shares (2.6% of insider shares)
·Institutional: 5% (6% of float)
(15 institutions)
·Net Inst. Buying: 3,000  shares (+1.37%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Agree Realty Corporation is a self-administered, self-managed real estate investment trust that develops, acquires, owns and operates properties, which are primarily leased to major national and regional retail companies under net leases. As of December 31, 2000, the Company owned, either directly or through interests in joint ventures, a portfolio of 45 properties located in 13 states and containing an aggregate of approximately 3.5 million square feet of gross leasable area. During 2000 the Company completed the development of three freestanding Properties, which added 53,395 square feet of gross leasable area to the Company's operating portfolio. Two of the Properties are leased to Walgreen and one Property is leased to Borders. The Properties consist of 14 neighborhood and community shopping centers and 31 freestanding properties. The Company independently owns 24 of the freestanding properties and owns the other seven through joint ventures.
More from Market Guide: Expanded Business Description

Financial Summary
ADC is a self-administered, self-managed real estate investment trust which develops, acquires, owns and operates properties which are primarily leased to major national and regional retail companies under net leases. For the six months ended 6/30/01, total revenues rose 6% to $12.3 million. Net income rose 14% to $3.9 million. Results reflect an increase in the basic rental segment revenues. Net income also reflects higher operating margins, higher real estate taxes and other income.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Richard Agree, 57
Chairman, Pres
$244K
Kenneth Howe, 52
VP of Fin. and Sec.
175K
David Prueter, 45
VP
187K
Bruce Schaefer, 57
VP of Leasing
167K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:ADCAs of 31-Aug-2001
Price and Volume
52-Week Low
on 29-Dec-2000
$13.625
Recent Price$19.40 
52-Week High
on 15-Aug-2001
$20.60 
Beta-0.12 
Daily Volume (3-month avg)7,955 
Daily Volume (10-day avg)6,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+30.4%
52-Week Change
relative to S&P500
+75.0%
Share-Related Items
Market Capitalization$85.7M
Shares Outstanding4.42M
Float3.90M
Dividends & Splits
Annual Dividend (indicated)$1.84 
Dividend Yield9.48%
Last Splitnone 
Per-Share Data
Book Value (mrq)$11.63 
Earnings (ttm)$1.71 
Earnings (mrq)$0.46 
Sales (ttm)$5.50 
Cash (mrq)$0.04 
Valuation Ratios
Price/Book (mrq)1.67 
Price/Earnings (ttm)11.37 
Price/Sales (ttm)3.52 
Income Statements
Sales (ttm)$24.4M
EBITDA (ttm)$18.9M
Income available to common (ttm)$7.57M
Profitability
Profit Margin (ttm)35.8%
Operating Margin (ttm)61.9%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)5.34%
Return on Equity (ttm)14.72%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)2.03 
Total Cash (mrq)$153.0K
Short Interest
As of 8-Aug-2001
Shares Short6,000 
Percent of Float0.2%
Shares Short
(Prior Month)
2,000 
Short Ratio0.75 
Daily Volume8,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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