ADC-PA Preferred Stock — Agree Realty Corporation 4.25% Series A Cumulative Redeemable Preferred Stock

Agree Realty Corporation 4.25% Series A Cumulative Redeemable Preferred Stock (ADC-PA)

ADC-PA is a Preferred Stock. its distribution rate is 6.62%, its trailing-12-month yield is 6.57%. Dividend Vision Distribution Safety Score™ is 83/100 (Safe). Total return is -13.8% over the past 5 years, 98.6 points behind SPY at 84.8%.

At the current 6.62% distribution rate, a $10,000 investment would generate approximately $662 per year, or $55.17 per month.

Agree Realty Corporation is a publicly traded real estate investment trust that acquires and develops properties net leased to omni-channel retail tenants across all 50 states. This preferred equity security distributes monthly and offers a current distribution rate in the mid-single digits. It appeals to income-focused investors seeking regular cash distributions with preferred stock characteristics, including priority in claims over common equity.

ADC-PA performance versus SPY

Price and return data through 2026-09-21.

Total return is -13.8% over the past 5 years, 98.6 points behind SPY at 84.8%. Over the past year its total return — price change plus distributions reinvested — is -6.5%. Its deepest 1-year drawdown was 9.0%.

ADC-PA key facts

Distribution Safety Score™

83 · Safe

Safety-Adjusted Yield

5.49%

Issuer

Agree Realty

Asset type

Preferred Stock

Asset class

Equity

Distribution rate

6.62%

Distribution frequency

Monthly

Trailing yield

6.57%

Last close

$16.16 (as of 2026-09-21)

Average volume

14295.0

Next dividend

$0.0885

Last ex-dividend date

09/21/2026

Next payment date

10/01/2026

Beta

0.457

Payout ratio

0.0

P/E ratio

9.0471

Forward P/E

0.0

EPS

$1.78

How Dividend Vision calculates yield and returns

Distribution rate (6.62%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (6.57%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Agree Realty; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

ADC-PA risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.0%.

Who may consider ADC-PA — and who may not

ADC-PA may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Agree Realty.