Agree Realty Corp (ADC) is the 8th largest of 64 Net Lease REITs companies by market capitalisation, at 8.71 Bn, behind Avalonbay Communities Inc at 9.67 Bn. It trades on a P/E of 40.05, 80% above the peer median of 22.23. The table below compares all 64 on 8 financial metrics.
| # | Ticker | Company | match | industry_code | industry_group | industry_group_code | Market Capitalization | P/E | P/S | Enterprise Value |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | O | Realty Income Corp | primary | R-06 | Property REITs | RG-01 | 57.28 Bn | 45.19 | 9.46 | 57.28 Bn |
| 2 | WPC | W. P. Carey Inc. | primary | R-06 | Property REITs | RG-01 | 15.92 Bn | 24.20 | 8.89 | 15.92 Bn |
| 3 | ADC | Agree Realty Corp | primary | R-06 | Property REITs | RG-01 | 8.71 Bn | 40.05 | 11.17 | 8.70 Bn |
| 4 | NNN | Nnn Reit, Inc. | primary | R-06 | Property REITs | RG-01 | 8.55 Bn | 22.23 | 8.97 | 8.55 Bn |
| 5 | EPRT | Essential Properties Realty Trust, Inc. | primary | R-06 | Property REITs | RG-01 | 6.48 Bn | 24.12 | 10.52 | 6.48 Bn |
| 6 | BNL | Broadstone Net Lease, Inc. | primary | R-06 | Property REITs | RG-01 | 4.00 Bn | — | 8.41 | 3.99 Bn |
| 7 | FCPT | Four Corners Property Trust, Inc. | primary | R-06 | Property REITs | RG-01 | 2.71 Bn | 42.48 | 8.85 | 2.71 Bn |
| 8 | NTST | NETSTREIT Corp. | primary | R-06 | Property REITs | RG-01 | 1.99 Bn | 142.36 | 9.08 | 1.99 Bn |
| 9 | GTY | Getty Realty Corp /Md/ | primary | R-06 | Property REITs | RG-01 | 1.96 Bn | 20.38 | 8.42 | 1.96 Bn |
| 10 | GNL | Global Net Lease, Inc. | primary | R-06 | Property REITs | RG-01 | 1.93 Bn | -33.71 | 4.20 | 1.78 Bn |
| 11 | SAFE | Safehold Inc. | primary | R-06 | Property REITs | RG-01 | 1.09 Bn | 9.40 | 2.60 | -2.60 Bn |
| 12 | SVC | Service Properties Trust | primary | R-06 | Property REITs | RG-01 | 0.98 Bn | -2.33 | 0.59 | 0.97 Bn |
| 13 | PSTL | Postal Realty Trust, Inc. | primary | R-06 | Property REITs | RG-01 | 0.65 Bn | 29.65 | 6.18 | 0.65 Bn |
| 14 | GOOD | Gladstone Commercial Corp | primary | R-06 | Property REITs | RG-01 | 0.63 Bn | 51.64 | 3.69 | 0.63 Bn |
| 15 | FVR | FrontView REIT, Inc. | primary | R-06 | Property REITs | RG-01 | 0.43 Bn | 56.26 | 5.75 | 0.43 Bn |
| 16 | PINE | Alpine Income Property Trust, Inc. | primary | R-06 | Property REITs | RG-01 | 0.33 Bn | 89.95 | 4.74 | 0.33 Bn |
| 17 | NLCP | NewLake Capital Partners, Inc. | primary | R-06 | Property REITs | RG-01 | 0.32 Bn | 13.09 | 6.49 | 0.29 Bn |
| 18 | CFTR-PA | Cantor Fitzgerald Income Trust, Inc. | primary | R-06 | Property REITs | RG-01 | 0.27 Bn | 73.83 | 2.77 | 0.27 Bn |
| 19 | SQFT | Presidio Property Trust, Inc. | primary | R-06 | Property REITs | RG-01 | 0.00 Bn | 0.25 | 0.12 | 0.00 Bn |
| 20 | GIPR | Generation Income Properties, Inc. | primary | R-06 | Property REITs | RG-01 | 0.00 Bn | -0.09 | 0.06 | 0.00 Bn |
| 21 | SPG | Simon Property Group Inc. | secondary | R-03 | Property REITs | RG-01 | 68.54 Bn | 14.82 | 10.77 | 68.54 Bn |
| 22 | LVS | Las Vegas Sands Corp | secondary | D-23 | Gaming and Leisure | DG-08 | 29.18 Bn | 14.94 | 2.13 | 25.81 Bn |
| 23 | KIM | Kimco Realty Corp | secondary | R-03 | Property REITs | RG-01 | 16.14 Bn | 28.07 | 7.49 | 16.14 Bn |
| 24 | BPYPM | Brookfield Property Partners L.P. | secondary | R-02 | Property REITs | RG-01 | 15.62 Bn | -61.26 | 2.18 | 14.13 Bn |
| 25 | AVB | Avalonbay Communities Inc | secondary | R-01 | Property REITs | RG-01 | 9.67 Bn | 9.28 | 3.14 | 9.87 Bn |
| 26 | ASR | Southeast Airport Group | secondary | I-24 | Transportation | IG-05 | 7.66 Bn | 17.47 | 0.01 | 7.02 Bn |
| 27 | MAC | Macerich Co | secondary | R-03 | Property REITs | RG-01 | 6.41 Bn | -14.87 | 6.37 | 6.41 Bn |
| 28 | STWD | Starwood Property Trust, Inc. | secondary | F-08 | Lending and Credit | FG-02 | 5.79 Bn | 21.86 | 2.88 | 3.62 Bn |
| 29 | KRG | Kite Realty Group Trust | secondary | R-03 | Property REITs | RG-01 | 5.30 Bn | 12.16 | 6.48 | 5.30 Bn |
| 30 | PECO | Phillips Edison & Company, Inc. | secondary | R-03 | Property REITs | RG-01 | 4.94 Bn | — | 6.58 | 4.94 Bn |
| 31 | SKT | Tanger Inc. | secondary | R-03 | Property REITs | RG-01 | 4.31 Bn | 36.89 | 7.03 | 4.31 Bn |
| 32 | SLG | Sl Green Realty Corp | secondary | R-02 | Property REITs | RG-01 | 3.89 Bn | -20.40 | 3.74 | 3.89 Bn |
| 33 | CURB | Curbline Properties Corp. | secondary | R-03 | Property REITs | RG-01 | 3.13 Bn | 106.77 | 13.99 | 3.13 Bn |
| 34 | AKR | Acadia Realty Trust | secondary | R-03 | Property REITs | RG-01 | 2.72 Bn | 51.88 | 6.73 | 2.72 Bn |
| 35 | IVT | InvenTrust Properties Corp. | secondary | R-03 | Property REITs | RG-01 | 2.54 Bn | -32.86 | 8.00 | 2.54 Bn |
| 36 | CBL | Cbl & Associates Properties Inc | secondary | R-03 | Property REITs | RG-01 | 1.64 Bn | 7.69 | 2.79 | 1.64 Bn |
| 37 | AAT | American Assets Trust, Inc. | secondary | R-02 | Property REITs | RG-01 | 1.36 Bn | 74.45 | 3.12 | 1.36 Bn |
| 38 | LADR | Ladder Capital Corp | secondary | F-08 | Lending and Credit | FG-02 | 1.23 Bn | 23.47 | — | 1.19 Bn |
| 39 | IRS | Irsa Investments & Representations Inc | secondary | R-03 | Property REITs | RG-01 | 1.14 Bn | -0.02 | 0.00 | 0.83 Bn |
| 40 | WSR | Whitestone REIT | secondary | R-03 | Property REITs | RG-01 | 0.98 Bn | 19.13 | 5.94 | 0.98 Bn |
| 41 | CMRF | Cim Group, Inc. | secondary | F-08 | Lending and Credit | FG-02 | 0.92 Bn | -35.30 | 2.23 | 2.27 Bn |
| 42 | CAPL | CrossAmerica Partners LP | secondary | E-07 | Refining and Marketing | EG-03 | 0.89 Bn | 16.90 | 0.23 | 0.88 Bn |
| 43 | CPPTL | Copper Property CTL Pass Through Trust | secondary | R-03 | Property REITs | RG-01 | 0.83 Bn | — | — | 0.83 Bn |
| 44 | BFS | Saul Centers, Inc. | secondary | R-03 | Property REITs | RG-01 | 0.79 Bn | 33.59 | 2.63 | 0.79 Bn |
| 45 | CTO | CTO Realty Growth, Inc. | secondary | R-03 | Property REITs | RG-01 | 0.75 Bn | 16.57 | 4.63 | 0.75 Bn |
| 46 | JBGS | JBG SMITH Properties | secondary | R-02 | Property REITs | RG-01 | 0.70 Bn | -4.53 | 1.37 | 0.70 Bn |
| 47 | BRSP | BrightSpire Capital, Inc. | secondary | F-08 | Lending and Credit | FG-02 | 0.59 Bn | -17.50 | — | 0.49 Bn |
| 48 | OLP | One Liberty Properties Inc | secondary | R-04 | Property REITs | RG-01 | 0.50 Bn | 18.98 | — | 0.50 Bn |
| 49 | AHRT | AH Realty Trust, Inc. | secondary | R-03 | Property REITs | RG-01 | 0.49 Bn | -10.16 | 2.28 | 0.49 Bn |
| 50 | INRE | Inland Real Estate Income Trust, Inc. | secondary | R-03 | Property REITs | RG-01 | 0.34 Bn | -37.11 | 2.24 | 0.34 Bn |
| 51 | SEG | Seaport Entertainment Group Inc. | secondary | D-27 | Gaming and Leisure | DG-08 | 0.34 Bn | -2.72 | 2.79 | 0.22 Bn |
| 52 | REG | Regency Centers Corp | secondary | R-03 | Property REITs | RG-01 | 0.29 Bn | -2.35 | 0.18 | 0.29 Bn |
| 53 | BRT | BRT Apartments Corp. | secondary | R-01 | Property REITs | RG-01 | 0.26 Bn | -20.42 | 2.67 | 0.26 Bn |
| 54 | MDV-PA | Modiv Industrial, Inc. | secondary | R-04 | Property REITs | RG-01 | 0.26 Bn | 58.76 | 5.63 | 0.30 Bn |
| 55 | ICR-PA | InPoint Commercial Real Estate Income, Inc. | secondary | F-06 | Lending and Credit | FG-02 | 0.23 Bn | -10.88 | 10.50 | 0.17 Bn |
| 56 | CDR-PB | Cedar Realty Trust, Inc. | secondary | R-03 | Property REITs | RG-01 | 0.22 Bn | -240.73 | 7.89 | 0.22 Bn |
| 57 | FREVS | First Real Estate Investment Trust Of New Jersey, Inc. | secondary | R-03 | Property REITs | RG-01 | 0.16 Bn | 10.33 | 5.32 | 0.16 Bn |
| 58 | SITC | SITE Centers Corp. | secondary | R-03 | Property REITs | RG-01 | 0.15 Bn | 1.60 | 2.17 | 0.15 Bn |
| 59 | ONL | Orion Properties Inc. | secondary | R-02 | Property REITs | RG-01 | 0.15 Bn | -1.63 | 1.07 | 0.14 Bn |
| 60 | ELME | Elme Communities | secondary | R-01 | Property REITs | RG-01 | 0.15 Bn | -1.13 | 7.18 | -1.18 Bn |
| 61 | SRG | Seritage Growth Properties | secondary | R-03 | Property REITs | RG-01 | 0.12 Bn | -1.99 | 9.08 | 0.12 Bn |
| 62 | BEEP | Mobile Infrastructure Corp | secondary | R-10 | Property REITs | RG-01 | 0.11 Bn | -4.65 | 3.24 | 0.10 Bn |
| 63 | NYC | American Strategic Investment Co. | secondary | R-02 | Property REITs | RG-01 | 0.02 Bn | 1.28 | — | 0.02 Bn |
| 64 | WHLR | Wheeler Real Estate Investment Trust, Inc. | secondary | R-03 | Property REITs | RG-01 | 0.00 Bn | 0.00 | 0.00 | 0.00 Bn |