Joel Agree - Agree Realty President, Chief Executive Officer, Director


USD 64.91  0.63  0.98%   

Mr. Joel Agree is the President, Chief Executive Officer, Director of the Company. He was appointed as Chief Executive Officer in January 2013, and from June 2009 to that date he served as Chief Operating Officer. Prior to being promoted to President and Chief Operating Officer, from January 2006 to June 2009, Mr. Joel Agree served as our Executive Vice President. He is a member of the State Bar of Michigan and the International Council of Shopping Centers. He holds a Juris Doctorate degree from Wayne State University Law School and a Bachelor of Arts degree in Political Science from the University of Michigan. Joel Agree is the son of Richard Agree, our Executive Chairman. The Board has determined that it is in the best interests of our Company and our stockholders for Mr. Joel Agree, in light of his daytoday companyspecific operational, management and market experience through his position as President and Chief Executive Officer of our Company, to continue to serve as a director of the Board.
Age: 42  CEO Since 2013      

Agree Realty Management Efficiency

Agree Realty Corp has Return on Asset of 2.36 % which means that on every $100 spent on asset, it made $2.36 of profit. This is way below average. In the same way, it shows return on shareholders equity (ROE) of 3.98 %, implying that it generated $3.98 on every 100 dollars invested. Agree Realty management efficiency ratios could be used to measure how well the company manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 1.87 B in debt with debt to equity (D/E) ratio of 0.51, which is OK given its current industry classification. Agree Realty Corp has a current ratio of 1.65, which is typical for the industry and considered as normal. Debt can assist Agree Realty until it has trouble settling it off, either with new capital or with free cash flow. So, Agree Realty's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Agree Realty Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Agree to invest in growth at high rates of return. When we think about Agree Realty's use of debt, we should always consider it together with cash and equity.
Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. The Companys common stock is listed on the New York Stock Exchange under the symbol ADC. Agree Realty operates under REITRetail classification in the United States and is traded on New York Stock Exchange. It employs 57 people. Agree Realty Corp (ADC) is traded on New York Stock Exchange in USA and employs 57 people.

Agree Realty Corp Leadership Team

Elected by the shareholders, the Agree Realty's board of directors comprises two types of representatives: Agree Realty inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Agree. The board's role is to monitor Agree Realty's management team and ensure that shareholders' interests are well served. Agree Realty's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Agree Realty's outside directors are responsible for providing unbiased perspectives on the board's policies.
Eugene Silverman, Independent Director
Simon Leopold, Chief Financial Officer, Executive Vice President, Company Secretary
Matthew Partridge, CFO, Executive VP and Secretary
Joel Agree, President, Chief Executive Officer, Director
Michael Judlowe, Independent Director
Karen Dearing, Independent Director
John Rakolta, Independent Director
Danielle Spehar, General Counsel
Leon Schurgin, Independent Director
Kenneth Howe, Interim CFO, Director of Tax and Secretary
Peter Coughenour, Chief Financial Officer, Company Secretary
Richard Agree, Executive Chairman and Chairman of Executive Committee
Gene Silverman, Independent Director
Stephen Breslin, Deputy Chief Accounting Officer
Jerome Rossi, Independent Director
Farris Kalil, Independent Director
Clayton Thelen, Chief Financial Officer, Secretary
William Rubenfaer, Independent Director
Laith Hermiz, Chief Operating Officer, Executive Vice President
W Lehmkuhl, Lead Independent Director
Joey Agree, CEO and President Director and Member of Executive Committee
David Wolff, Chief Accounting Officer
Merrie Frankel, Independent Director
Craig Erlich, Lead Independent Director
Nicole Witteveen, Executive Vice President - People and Culture, Chief of Staff
Michael Hollman, Independent Director
Daniel Ravid, Chief Administrative Officer, Treasurer
Gregory Lehmkuhl, Director

Agree Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Agree Realty a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Our tools can tell you how much better you can do entering a position in Agree Realty without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Agree Realty

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Agree Realty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Agree Realty will appreciate offsetting losses from the drop in the long position's value.

Moving together with Agree Realty

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The ability to find closely correlated positions to Agree Realty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agree Realty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Agree Realty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Agree Realty Corp to buy it.
The correlation of Agree Realty is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agree Realty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agree Realty Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Agree Realty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
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Please continue to Trending Equities. Note that the Agree Realty Corp information on this page should be used as a complementary analysis to other Agree Realty's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try CEO Directory module to screen CEOs from public companies around the world.

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Is Agree Realty's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Agree Realty. If investors know Agree will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Agree Realty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Agree Realty Corp is measured differently than its book value, which is the value of Agree that is recorded on the company's balance sheet. Investors also form their own opinion of Agree Realty's value that differs from its market value or its book value, called intrinsic value, which is Agree Realty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Agree Realty's market value can be influenced by many factors that don't directly affect Agree Realty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Agree Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine Agree Realty value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agree Realty's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.