Agree Realty (ADC) has made headlines recently, not for a flashy acquisition or a wild swing in its share price, but for something arguably more important to long-term investors: its growing reputation as one of the safest monthly dividend stocks in the market. With plans underway to invest about $1.5 billion in new properties during 2025 and a tenant roster that reads like a who’s who of essential retail, the company is doubling down on its strategy to build a resilient, income-focused portfolio. For those weighing where to park their cash in the real estate sector, this steady approach may be worth a closer look.

Over the past year, the company’s share price performance has been relatively muted, posting a slight loss, though it’s shown a modest gain year-to-date. The past month has seen a small pullback, but over three and five years, Agree Realty’s returns suggest a pattern of solid, if unspectacular, long-term growth. Recent attention has focused on its consistent monthly dividends and the security provided by its long-term leases with essential sector tenants. These factors may appeal to investors navigating a choppy market.

After this period of steady but unspectacular price moves, the real question for investors is whether Agree Realty still holds hidden value or if the current market has already factored in all its strengths and growth plans.

The most widely followed narrative sees Agree Realty as undervalued, anticipating room for price growth based on projected earnings and business resilience.

The durability of essential retail categories such as grocery, pharmacy, home improvement, and auto parts is translating into high-quality, e-commerce-resistant tenant composition. This supports rent stability and protects net margins against shifts in consumer behavior or economic cycles.

Why is the market expecting so much from Agree Realty’s future? The secret sauce behind this bullish narrative includes forecasts of rising margins and ambitious growth numbers. Curious how strong revenue and profit expansion feed into the eye-catching fair value? Discover which aggressive financial targets must be met for this discount to hold up.

Result: Fair Value of $81.88 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, risks remain, including potential shareholder dilution from aggressive acquisitions and the company’s significant exposure to large national retailers. These factors could impact future returns.

Find out about the key risks to this Agree Realty narrative.