Equity Profile

ADC

Agree Realty Corporation

Real EstateRetail REITs$9.3B

Oct29Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Agree Realty Corporation (ADC) is a real estate investment trust (REIT) that focuses on acquiring and managing retail properties. With a market cap of $9 billion, it plays a significant role in the retail real estate sector, which is influenced by consumer spending trends and the overall health of the retail market.

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Expected to be around $1.09

Revenue Growth

Revenue growth reflects the company's ability to increase sales and manage its properties effectively, impacting overall performance.

Not available

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ADC Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

-7.04%

Avg Stock Reaction

-0.12%

Last Quarter Recap

In Q1-2026, Agree Realty reported an EPS of $1.04, missing estimates by 4.85%. The stock reacted negatively, dropping 0.88% the following day.

Management Promises & Guidance

Focus on expanding their portfolio of retail properties.
Commitment to maintaining high occupancy rates.
Plans to enhance tenant relationships for better retention.

Expectations

Wall Street Expectations

Overall, expectations for Agree Realty's upcoming earnings are cautious, given recent misses in EPS estimates. Investors are looking for signs of improvement in occupancy and revenue growth.

Bull Case

If the company can report better-than-expected EPS and show strong occupancy rates, it could signal a recovery in its operational performance, boosting investor confidence.

Bear Case

Conversely, if the company continues to miss EPS estimates and shows declining occupancy, it could raise concerns about its ability to manage its retail properties effectively.

Key Metrics to Watch

EPS (Earnings Per Share)

Expected to be around $1.09

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Revenue Growth

Not available

Revenue growth reflects the company's ability to increase sales and manage its properties effectively, impacting overall performance.

Occupancy Rate

Not available

The occupancy rate is crucial for REITs as it indicates how well the properties are being utilized, affecting rental income.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the occupancy rate be for the current quarter?

Occupancy rates are critical for REITs, and any decline could signal deeper issues in property management and tenant retention.

How does the company plan to improve its EPS moving forward?

Investors will be keen to hear specific strategies to enhance profitability, especially after recent misses in EPS expectations.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the potential for a rebound in occupancy rates, which could significantly improve EPS if management executes effectively.

Supporting Evidence

Recent trends in consumer spending may favor retail properties, leading to improved occupancy.

The options market is pricing a larger move than historical averages suggest, indicating potential for volatility.

Management's focus on tenant relationships could stabilize income streams.

Key Risk

If occupancy rates show unexpected improvement, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it will indicate whether the company can recover from its recent earnings misses and maintain its position in the retail REIT market.

Bull Confirmed If

An EPS of $1.09 or higher, along with a stable or increasing occupancy rate.

Bear Confirmed If

An EPS below $1.04 and a declining occupancy rate.

Pre-Earnings Positioning

Options Market

Implied Move

±3.54%

Historical Avg

±0.8%

Pricing rich

The options market is pricing in a potential move of about 3.54%, indicating some uncertainty around the earnings report.

Options are pricing ±3.5% while ADC has averaged ±0.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

14.2%

Calls (2K)P/C Ratio: 0.76Puts (3K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Agree Realty beats expectations, history suggests the stock could rise by about 0.93% on the first day, confirming a positive trend.

In-Line / Cautious

If results are in line with expectations but cautious commentary is provided, the stock may see muted movement as investors reassess future growth.

Miss

A miss could lead to a decline, with historical data indicating an average drop of 0.12% following such outcomes.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new property acquisitions or developments.
2Details on tenant retention strategies and their effectiveness.
3Insights into market conditions affecting retail properties.
4Management's outlook on consumer spending trends.
5Any changes in guidance for future EPS or revenue expectations.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Humana Inc.

Company Snapshot

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Expected to be around $1.09

Revenue Growth

Revenue growth reflects the company's ability to increase sales and manage its properties effectively, impacting overall performance.

Not available

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ADC Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

-7.04%

Avg Stock Reaction

-0.12%

Last Quarter Recap

In Q1-2026, Agree Realty reported an EPS of $1.04, missing estimates by 4.85%. The stock reacted negatively, dropping 0.88% the following day.

Management Promises & Guidance

Focus on expanding their portfolio of retail properties.
Commitment to maintaining high occupancy rates.
Plans to enhance tenant relationships for better retention.

Expectations

Wall Street Expectations

Overall, expectations for Agree Realty's upcoming earnings are cautious, given recent misses in EPS estimates. Investors are looking for signs of improvement in occupancy and revenue growth.

Bull Case

If the company can report better-than-expected EPS and show strong occupancy rates, it could signal a recovery in its operational performance, boosting investor confidence.

Bear Case

Conversely, if the company continues to miss EPS estimates and shows declining occupancy, it could raise concerns about its ability to manage its retail properties effectively.

Key Metrics to Watch

EPS (Earnings Per Share)

Expected to be around $1.09

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Revenue Growth

Not available

Revenue growth reflects the company's ability to increase sales and manage its properties effectively, impacting overall performance.

Occupancy Rate

Not available

The occupancy rate is crucial for REITs as it indicates how well the properties are being utilized, affecting rental income.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the occupancy rate be for the current quarter?

Occupancy rates are critical for REITs, and any decline could signal deeper issues in property management and tenant retention.

How does the company plan to improve its EPS moving forward?

Investors will be keen to hear specific strategies to enhance profitability, especially after recent misses in EPS expectations.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the potential for a rebound in occupancy rates, which could significantly improve EPS if management executes effectively.

Supporting Evidence

Recent trends in consumer spending may favor retail properties, leading to improved occupancy.

The options market is pricing a larger move than historical averages suggest, indicating potential for volatility.

Management's focus on tenant relationships could stabilize income streams.

Key Risk

If occupancy rates show unexpected improvement, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it will indicate whether the company can recover from its recent earnings misses and maintain its position in the retail REIT market.

Bull Confirmed If

An EPS of $1.09 or higher, along with a stable or increasing occupancy rate.

Bear Confirmed If

An EPS below $1.04 and a declining occupancy rate.

Pre-Earnings Positioning

Options Market

Implied Move

±3.54%

Historical Avg

±0.8%

Pricing rich

The options market is pricing in a potential move of about 3.54%, indicating some uncertainty around the earnings report.

Options are pricing ±3.5% while ADC has averaged ±0.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

14.2%

Calls (2K)P/C Ratio: 0.76Puts (3K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Agree Realty beats expectations, history suggests the stock could rise by about 0.93% on the first day, confirming a positive trend.

In-Line / Cautious

If results are in line with expectations but cautious commentary is provided, the stock may see muted movement as investors reassess future growth.

Miss

A miss could lead to a decline, with historical data indicating an average drop of 0.12% following such outcomes.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new property acquisitions or developments.
2Details on tenant retention strategies and their effectiveness.
3Insights into market conditions affecting retail properties.
4Management's outlook on consumer spending trends.
5Any changes in guidance for future EPS or revenue expectations.