Agree Realty Corporation (ADC)vsNetstreit Corp (NTST)
ADC
Agree Realty Corporation
$74.22
-1.36%
REAL ESTATE · Cap: $9.06B
NTST
Netstreit Corp
$18.67
-1.79%
REAL ESTATE · Cap: $2.06B
Smart Verdict
WallStSmart Research — data-driven comparison
Agree Realty Corporation generates 268% more annual revenue ($718.40M vs $195.01M). ADC leads profitability with a 28.4% profit margin vs 3.5%. ADC trades at a lower P/E of 42.5x. ADC earns a higher WallStSmart Score of 68/100 (B-).
ADC
Strong Buy68
out of 100
Grade: B-
NTST
Buy54
out of 100
Grade: C-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-48.5%
Fair Value
$51.68
Current Price
$74.22
$22.54 premium
Margin of Safety
-415.0%
Fair Value
$3.74
Current Price
$18.67
$14.93 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Growing faster than its price suggests
Reasonable price relative to book value
Strong operational efficiency at 48.3%
Keeps 28 of every $100 in revenue as profit
18.5% revenue growth
Reasonable price relative to book value
Every $100 of equity generates 50 in profit
Strong operational efficiency at 35.1%
19.6% revenue growth
Earnings expanding 46.7% YoY
Areas to Watch
ROE of 3.5% — below average capital efficiency
Weak financial health signals
Premium valuation, high expectations priced in
Negative free cash flow — burning cash
3.5% margin — thin
Premium valuation, high expectations priced in
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull Case : ADC
The strongest argument for ADC centers on PEG Ratio, Price/Book, Operating Margin. Profitability is solid with margins at 28.4% and operating margin at 48.3%. Revenue growth of 18.5% demonstrates continued momentum.
Bull Case : NTST
The strongest argument for NTST centers on Price/Book, Return on Equity, Operating Margin. Revenue growth of 19.6% demonstrates continued momentum.
Bear Case : ADC
The primary concerns for ADC are Return on Equity, Piotroski F-Score, P/E Ratio. A P/E of 42.5x leaves little room for execution misses.
Bear Case : NTST
The primary concerns for NTST are Profit Margin, P/E Ratio, Altman Z-Score. A P/E of 233.4x leaves little room for execution misses. Thin 3.5% margins leave little buffer for downturns.
Key Dynamics to Monitor
NTST carries more volatility with a beta of 0.85 — expect wider price swings.
NTST is growing revenue faster at 19.6% — sustainability is the question.
NTST generates stronger free cash flow (29M), providing more financial flexibility.
Monitor REIT - RETAIL industry trends, competitive dynamics, and regulatory changes.
Bottom Line
ADC scores higher overall (68/100 vs 54/100), backed by strong 28.4% margins and 18.5% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
Agree Realty Corporation
REAL ESTATE · REIT - RETAIL · USA
Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of net leased properties to industry leading retail tenants.
Netstreit Corp
REAL ESTATE · REIT - RETAIL · USA
NETSTREIT is an internally managed Real Estate Investment Trust (REIT) based in Dallas, Texas that specializes in acquiring single tenant net lease retail properties nationwide.
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