Equity Profile

ADC

Agree Realty Corporation

Real EstateRetail REITs$9.1B

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 is a key indicator of the company's profitability and will help gauge how well ADC is managing its retail properties.

N/A

Revenue

Revenue figures will provide insight into the company's ability to attract tenants and maintain occupancy rates in its retail properties.

N/A

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, ADC reported an EPS of $1.04, missing estimates by 4.85%. The stock reacted negatively, declining by 0.88% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for ADC's upcoming earnings are cautious, given the recent trend of missing EPS estimates. Investors will be closely watching for any signs of improvement.

Bull Case

If ADC can report better-than-expected earnings and show strong revenue growth, it could signal a rebound in retail demand and boost investor confidence.

Bear Case

Conversely, if ADC continues to miss earnings expectations, it may raise concerns about its ability to manage its retail portfolio effectively, leading to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will ADC report an EPS above $1.04, indicating a potential turnaround in earnings performance?

Given the company's recent history of missing earnings estimates, a positive EPS could signal improved operational efficiency and investor confidence.

What is the current occupancy rate of ADC's retail properties?

Occupancy rates directly impact revenue and profitability; any significant changes could influence market sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate ADC's ability to stabilize its earnings despite recent misses, as retail demand could be rebounding.

Supporting Evidence

Insider buying activity suggests confidence in the company's future performance.

The options market is pricing a larger move than historical averages, indicating uncertainty that could swing positively.

Recent trends in consumer spending may not be fully reflected in ADC's past earnings.

Key Risk

If ADC reports an EPS above $1.04, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as ADC has consistently missed earnings estimates, and investor sentiment is fragile.

Bull Confirmed If

A reported EPS of $1.10 or higher would confirm the bull case and suggest a strong recovery in earnings.

Bear Confirmed If

An EPS below $1.00 would confirm the bear case and raise concerns about the company's operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±3.54%

Historical Avg

±0.8%

Pricing rich

The options market is pricing in a relatively significant move for ADC's stock following the earnings report, indicating uncertainty among investors.

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)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$11,050.74

146 sh

1 insider

Sold

$0.00

0 sh

0 insiders

Net

$11,050.74

Net buying

Most Active Insiders· 1 open-market trade

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ADC beats expectations, history suggests a potential stock increase of around 0.93%, confirming a positive outlook for the company.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await clearer guidance from management.

Miss

A miss could lead to a decline of approximately 0.12%, reinforcing concerns about the company's performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on the occupancy rates of retail properties.
2Management's outlook on consumer spending trends.
3Details on any new acquisitions or property developments.
4Insights into cost management and operational efficiencies.
5Responses to how the company plans to address recent earnings misses.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of the company's profitability and will help gauge how well ADC is managing its retail properties.

N/A

Revenue

Revenue figures will provide insight into the company's ability to attract tenants and maintain occupancy rates in its retail properties.

N/A

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, ADC reported an EPS of $1.04, missing estimates by 4.85%. The stock reacted negatively, declining by 0.88% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for ADC's upcoming earnings are cautious, given the recent trend of missing EPS estimates. Investors will be closely watching for any signs of improvement.

Bull Case

If ADC can report better-than-expected earnings and show strong revenue growth, it could signal a rebound in retail demand and boost investor confidence.

Bear Case

Conversely, if ADC continues to miss earnings expectations, it may raise concerns about its ability to manage its retail portfolio effectively, leading to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will ADC report an EPS above $1.04, indicating a potential turnaround in earnings performance?

Given the company's recent history of missing earnings estimates, a positive EPS could signal improved operational efficiency and investor confidence.

What is the current occupancy rate of ADC's retail properties?

Occupancy rates directly impact revenue and profitability; any significant changes could influence market sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate ADC's ability to stabilize its earnings despite recent misses, as retail demand could be rebounding.

Supporting Evidence

Insider buying activity suggests confidence in the company's future performance.

The options market is pricing a larger move than historical averages, indicating uncertainty that could swing positively.

Recent trends in consumer spending may not be fully reflected in ADC's past earnings.

Key Risk

If ADC reports an EPS above $1.04, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as ADC has consistently missed earnings estimates, and investor sentiment is fragile.

Bull Confirmed If

A reported EPS of $1.10 or higher would confirm the bull case and suggest a strong recovery in earnings.

Bear Confirmed If

An EPS below $1.00 would confirm the bear case and raise concerns about the company's operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±3.54%

Historical Avg

±0.8%

Pricing rich

The options market is pricing in a relatively significant move for ADC's stock following the earnings report, indicating uncertainty among investors.

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)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$11,050.74

146 sh

1 insider

Sold

$0.00

0 sh

0 insiders

Net

$11,050.74

Net buying

Most Active Insiders· 1 open-market trade

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ADC beats expectations, history suggests a potential stock increase of around 0.93%, confirming a positive outlook for the company.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await clearer guidance from management.

Miss

A miss could lead to a decline of approximately 0.12%, reinforcing concerns about the company's performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on the occupancy rates of retail properties.
2Management's outlook on consumer spending trends.
3Details on any new acquisitions or property developments.
4Insights into cost management and operational efficiencies.
5Responses to how the company plans to address recent earnings misses.