Agree Realty (ADC) vs NNN REIT (NNN)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
NNN REIT (NNN) has outperformed Agree Realty (ADC) over the past year, losing 5.7% versus a loss of 7.5%. Over five years, ADC leads with a -6.2% price change compared with -13.3% for NNN. Agree Realty is the larger company by market cap ($8.13 billion vs $7.58 billion), about 1.1 times the size.
On valuation, NNN REIT trades at a lower forward P/E (19.0x vs 34.1x for Agree Realty). NNN REIT offers the higher dividend yield (6.02% vs 4.82%). NNN REIT converts more of its revenue into profit, with a net margin of 42.1% versus 28.4%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ADC | NNN |
|---|---|---|
| Share price | $65.16 | $39.84 |
| Market cap | $8.13B | $7.58B |
| 1-day change | -0.96% | -1.65% |
| YTD return | -9.54% | +0.53% |
| 1-year return | -7.52% | -5.68% |
| 5-year return | -6.16% | -13.33% |
| P/E ratio (TTM) | 35.03 | 19.72 |
| Forward P/E | 34.06 | 19.02 |
| EPS (TTM) | $1.86 | $2.02 |
| Dividend yield | 4.82% | 6.02% |
| Annual dividend | $3.14 | $2.40 |
| Revenue (latest FY) | $718.40M | $926.21M |
| Revenue growth (YoY) | +16.42% | +6.55% |
| Net income (latest FY) | $204.35M | $389.78M |
| Operating margin | 47.38% | 63.64% |
| Net margin | 28.45% | 42.08% |
| 52-week high | $82.08 | $50.00 |
| 52-week low | $64.98 | $38.90 |
| Distance from 52-week high | -20.61% | -20.32% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +27.21% | +18.60% |
| Average volume | 1.48M | 1.69M |
| Shares outstanding | 124.38M | 190.25M |
| Employees | 90 | 85 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Agree Realty trades at a higher earnings multiple (35.0x vs 19.7x trailing P/E).
- NNN REIT offers a meaningfully higher dividend yield (6.02% vs 4.82%).
- NNN REIT is more profitable, keeping 42.1 cents of every revenue dollar as net income versus 28.4 cents for Agree Realty.
- Agree Realty grew revenue faster in its latest fiscal year (+16.42% vs +6.55%).
About Agree Realty
ADC stock →Agree Realty Corporation is a publicly traded real estate investment trust. The Firm is Rethinking Retail through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants.
Real Estate · Real Estate Investment Trusts · 90 employees
About NNN REIT
NNN stock →NNN REIT, Inc. is a REIT that invests in high-quality properties subjected generally to long-term, net leases with minimal ongoing capital expenditures.
Real Estate · Real Estate Investment Trusts · 85 employees
ADC vs NNN FAQ
Which is bigger, Agree Realty or NNN REIT?
Agree Realty (ADC) is larger, with a market capitalization of $8.13B compared with $7.58B for NNN REIT (NNN).
Which stock has performed better over the past year, ADC or NNN?
NNN returned -5.68% over the past 12 months, compared with -7.52% for ADC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ADC or NNN?
NNN has the lower trailing P/E at 19.7, versus 35.0 for ADC. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Agree Realty or NNN REIT?
NNN REIT has the higher yield at 6.02%, compared with 4.82% for Agree Realty.
Are Agree Realty and NNN REIT in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.