NNN REIT [NNN] vs Agree Realty [ADC] Detailed Stock Comparison
TLDR: Quick Comparison Summary
Based on 21 vital metrics comparison: NNN REIT Inc. wins in 15 metrics, Agree Realty Corporation wins in 6 metrics, with 0 ties. NNN REIT Inc. appears stronger overall.
View Metrics Details
Vital Metrics Comparison
| Metric | NNN REIT Inc. | Agree Realty Corporation | Better |
|---|---|---|---|
| P/E Ratio (TTM) | 21.44 | 41.76 | NNN REIT Inc. |
| Price-to-Book Ratio | 1.91 | 1.52 | Agree Realty Corporation |
| Debt-to-Equity Ratio | 109.35 | 59.61 | Agree Realty Corporation |
| PEG Ratio | -11.15 | 2.19 | Agree Realty Corporation |
| EV/EBITDA | 15.82 | 20.24 | NNN REIT Inc. |
| Profit Margin (TTM) | 42.08% | 29.25% | NNN REIT Inc. |
| Operating Margin (TTM) | 62.22% | 48.67% | NNN REIT Inc. |
| EBITDA Margin (TTM) | 62.22% | 48.67% | NNN REIT Inc. |
| Return on Equity | 8.89% | 3.70% | NNN REIT Inc. |
| Return on Assets (TTM) | 3.92% | 2.39% | NNN REIT Inc. |
| Free Cash Flow (TTM) | $667.13M | $504.14M | NNN REIT Inc. |
| Dividend Yield | 7.10% | 3.86% | NNN REIT Inc. |
| 1-Year Return | 9.83% | 1.72% | NNN REIT Inc. |
| Price-to-Sales Ratio (TTM) | 9.12 | 12.37 | NNN REIT Inc. |
| Enterprise Value | $13.25B | $13.12B | NNN REIT Inc. |
| EV/Revenue Ratio | 14.30 | 17.50 | NNN REIT Inc. |
| Gross Profit Margin (TTM) | 95.79% | 87.60% | NNN REIT Inc. |
| Revenue per Share (TTM) | $5 | $7 | Agree Realty Corporation |
| Earnings per Share (Diluted) | $2.07 | $1.85 | NNN REIT Inc. |
| Beta (Stock Volatility) | 0.83 | 0.53 | Agree Realty Corporation |
| Short % of Float | 4.81% | 0.01% | Agree Realty Corporation |
NNN REIT Inc. vs Agree Realty Corporation Stock Performance Analysis
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Performance Comparison
Short-term Returns
| Stock | 1D | 1W | 1M | 3M | 6M | YTD |
|---|---|---|---|---|---|---|
| NNN REIT Inc. | -1.42% | 2.04% | 5.05% | 1.55% | 13.58% | 16.19% |
| Agree Realty Corporation | 0.46% | 4.07% | 7.70% | 2.09% | 10.83% | 12.48% |
Long-term Returns
| Stock | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y |
|---|---|---|---|---|---|---|
| NNN REIT Inc. | 9.83% | 9.26% | -1.02% | -1.12% | 93.40% | 139.54% |
| Agree Realty Corporation | 1.72% | 15.17% | 9.05% | 69.91% | 248.64% | 141.42% |
Performance & Financial Health Analysis: NNN REIT Inc. vs Agree Realty Corporation
| Metric | NNN | ADC |
|---|---|---|
| Market Information | ||
| Market Cap | $8.42B | $9.30B |
| Market Cap Category | Mid cap | Mid cap |
| 10 Day Avg. Volume | 1,187,954 | 1,131,476 |
| 90 Day Avg. Volume | 1,445,451 | 1,213,299 |
| Last Close | $45.93 | $81.12 |
| 52 Week Range | $38.90 - $46.90 | $69.56 - $82.08 |
| % from 52W High | -2.07% | -1.17% |
| All-Time High | $59.26 (Oct 28, 2019) | $82.08 (Mar 03, 2026) |
| % from All-Time High | -22.49% | -1.17% |
| Growth Metrics | ||
| Quarterly Revenue Growth | 0.09% | 0.19% |
| Quarterly Earnings Growth | -0.02% | 0.32% |
| Financial Health | ||
| Profit Margin (TTM) | 0.42% | 0.29% |
| Operating Margin (TTM) | 0.62% | 0.49% |
| Return on Equity (TTM) | 0.09% | 0.04% |
| Debt to Equity (MRQ) | 109.35 | 59.61 |
| Cash & Liquidity | ||
| Book Value per Share (MRQ) | $23.21 | $50.87 |
| Cash per Share (MRQ) | $0.03 | $0.29 |
| Operating Cash Flow (TTM) | $667.13M | $522.64M |
| Levered Free Cash Flow (TTM) | $-1,385,543,936 | $444.88M |
| Dividends | ||
| Last 12-Month Dividend Yield | 7.10% | 3.86% |
| Last 12-Month Dividend | $2.96 | $3.11 |
Valuation & Enterprise Metrics Analysis: NNN REIT Inc. vs Agree Realty Corporation
| Metric | NNN (Apr 24, 2026) | ADC (Apr 24, 2026) |
|---|---|---|
| Price Ratios | ||
| P/E Ratio (TTM) | 21.44 | 41.76 |
| Forward P/E | 20.93 | 38.64 |
| PEG Ratio | -11.15 | 2.19 |
| Price to Sales (TTM) | 9.12 | 12.37 |
| Price to Book (MRQ) | 1.91 | 1.52 |
| Market Capitalization | ||
| Market Capitalization | $8.42B | $9.30B |
| Enterprise Value | $13.25B | $13.12B |
| Enterprise Value Metrics | ||
| Enterprise to Revenue | 14.30 | 17.50 |
| Enterprise to EBITDA | 15.82 | 20.24 |
| Risk & Other Metrics | ||
| Beta | 0.83 | 0.53 |
| Book Value per Share (MRQ) | $23.21 | $50.87 |
Financial Statements Comparison: NNN REIT Inc. vs Agree Realty Corporation
Financial Metrics
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Revenue
Operating Margin
Profit Margin
Long Term Debt
Income Flow Analysis
Financial Statements Comparison
Income Statement
| Metric | NNN (2025) | ADC (2025) |
|---|---|---|
| Revenue/Sales | 926.21M | 718.40M |
| Cost of Goods Sold | 37.38M | 88.15M |
| COGS % of Revenue | 4.0% | 12.3% |
| Gross Profit | 888.83M | 630.25M |
| Gross Margin | 96.0% | 87.7% |
| Research & Development | N/A | N/A |
| Operating Income (EBIT) | 569.87M | 346.88M |
| Operating Margin | 61.5% | 48.3% |
| EBITDA | 842.55M | 623.51M |
| EBITDA Margin | 91.0% | 86.8% |
| Pre-Tax Income | 389.78M | 206.72M |
| Pre-Tax Income % of Revenue | 42.1% | 28.8% |
| Income Tax | N/A | 1.74M |
| Income Tax % of Revenue | 0.0% | 0.2% |
| Net Income (Profit) | 389.78M | 204.99M |
| Profit Margin | 42.1% | 28.5% |
Balance Sheet & Liquidity Metrics
| Metric | NNN (2025) | ADC (2025) |
|---|---|---|
| Cash & Equivalents | 5.05M | 16.30M |
| Total Current Assets | 74.05M | 143.10M |
| Total Current Assets % of Revenue | 8.0% | 19.9% |
| Total Current Liabilities | 388.66M | 171.54M |
| Total Current Liabilities % of Revenue | 42.0% | 23.9% |
| Long-Term Debt | 4.47B | 3.35B |
| Long-Term Debt % of Revenue | 482.9% | 467.0% |
| Total Shareholders Equity | 4.41B | 6.27B |
| Retained Earnings | -882.71M | -618.68M |
| Retained Earnings % of Revenue | -95.3% | -86.1% |
| Property, Plant & Equipment | N/A | N/A |
Cash Flow Statement Comparison
| Metric | NNN (2025) | ADC (2025) |
|---|---|---|
| Operating Cash Flow | 661.26M | 484.10M |
| Operating Cash Flow % of Revenue | 71.4% | 67.4% |
| Capital Expenditures | N/A | N/A |
| Free Cash Flow | 667.13M | 504.14M |
| FCF Margin | 72.0% | 70.2% |
| Debt Repayment | -1.14B | -28.85B |
| Common Stock Repurchase | N/A | -3.74M |
Short Interest & Institutional Ownership Analysis
| Metric | NNN | ADC |
|---|---|---|
| Shares Short | 6.74M | 13,605 |
| Short Ratio | 4.56 | 0.01 |
| Short % of Float | 4.81% | 0.01% |
| Shares Outstanding | 189.94M | 120.10M |
| Float Shares | 188.11M | 117.69M |
| % Held by Insiders | 0.86% | 1.76% |
| % Held by Institutions | 94.48% | 111.08% |
| % Held by Public | 4.66% | -12.84% |
Dividend Analysis & Yield Comparison: NNN REIT Inc. vs Agree Realty Corporation
| Metric | NNN | ADC |
|---|---|---|
| Last 12-Month Dividend | $2.96 | $3.11 |
| Last 12-Month Dividend Yield | 7.10% | 3.86% |
| 3-Year Avg Annual Dividend | $2.30 | $3.01 |
| 3-Year Avg Dividend Yield | 1.39% | 0.37% |
| 3-Year Total Dividends | $6.91 | $9.04 |
| Ex-Dividend Date | Jan 30, 2026 | Feb 27, 2026 |