Agree Realty
ADC · Retail REITs
$66.70
0.6%Brixmor Property Group
BRX · Retail REITs
$28.13
0.5%The short version
- Brixmor Property Group is the larger business, with $1.4B of revenue in fiscal 2025 against $718M for Agree Realty, about 1.9 times as much.
- Agree Realty grew revenue faster (16.4%, against 6.7%).
- Investors pay more for each dollar of Agree Realty’s earnings: a P/E of 34.4x against 20.1x for Brixmor Property Group.
| Latest fiscal year | ADC · FY25 | BRX · FY25 |
|---|---|---|
| Size | ||
| Market cap | $8.3B | $8.7B |
| Revenue | $718M | $1.4B |
| Free cash flow | $504M | — |
| Net income | $204M | $386M |
| Growth | ||
| Revenue growth | 16.4% | 6.7% |
| 5-year growth | 23.6% | 5.4% |
| Share count change | 9.2% | 1.3% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 47.4% | — |
| Net margin | 28.5% | 28.2% |
| FCF margin | 70.2% | — |
| Return on capital | — | — |
| Return on equity | 3.5% | 12.9% |
| Balance sheet | ||
| Net debt | — | $5.2B |
| Net debt / EBITDA | — | — |
| Dividends and buybacks | $344M | $0.0M |
| Valuation & quality | ||
| P/E | 34.4x | 20.1x |
| Piotroski F-score | — | — |
FY16
ADC $91.5M
BRX —
FY17
ADC $112M
BRX $1.3B
FY18
ADC $137M
BRX $1.2B
FY19
ADC $188M
BRX $1.2B
FY20
ADC $249M
BRX $1.1B
FY21
ADC $339M
BRX $1.2B
FY22
ADC $430M
BRX $1.2B
FY23
ADC $538M
BRX $1.2B
FY24
ADC $617M
BRX $1.3B
FY25
ADC $718M
BRX $1.4B
ADC
BRX
FY16
ADC 56.4%
BRX —
FY17
ADC 56.5%
BRX —
FY18
ADC 53.2%
BRX —
FY19
ADC 61.0%
BRX —
FY20
ADC 53.6%
BRX —
FY21
ADC 56.1%
BRX —
FY22
ADC 50.7%
BRX —
FY23
ADC 47.3%
BRX —
FY24
ADC 49.0%
BRX —
FY25
ADC 47.4%
BRX —
ADC
BRX
FY16
ADC —
BRX —
FY17
ADC —
BRX —
FY18
ADC −$515M
BRX —
FY19
ADC −$576M
BRX —
FY20
ADC −$1.2B
BRX —
FY21
ADC −$1.1B
BRX —
FY22
ADC −$1.2B
BRX —
FY23
ADC −$808M
BRX —
FY24
ADC −$443M
BRX —
FY25
ADC $504M
BRX —
ADC
BRX
FY16
ADC —
BRX —
FY17
ADC —
BRX —
FY18
ADC —
BRX —
FY19
ADC —
BRX —
FY20
ADC —
BRX —
FY21
ADC —
BRX —
FY22
ADC —
BRX —
FY23
ADC —
BRX —
FY24
ADC —
BRX —
FY25
ADC —
BRX —
ADC
BRX
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.