Agree Realty Corporation (ADC) vs BlackRock Floating Rate Income Trust (BGT)
A side-by-side comparison of Agree Realty Corporation and BlackRock Floating Rate Income Trust across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
Total return — ADC vs BGT
growth of $100 · dividends reinvested · last 10yADC vs BGT: by the numbers
- •ADC is the larger company ($8.55B vs $328M market cap).
- •BGT converts more revenue to profit (73.11% vs 28.87% net margin).
- •ADC grew revenue faster over the past five years (21.41% vs 1.46% CAGR).
- •BGT pays the higher dividend yield (13.17% vs 4.44%).
Metrics side by side
Valuation
| Metric | ADC | BGT |
|---|---|---|
| P/E ratio | 38.30 | N/A |
| Forward P/E | 37.51 | N/A |
| P/S ratio | 10.97 | N/A |
| P/B ratio | 1.31 | 0.99 |
| EV / EBITDA | 18.96 | N/A |
For REITs like Agree Realty Corporation, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | ADC | BGT |
|---|---|---|
| Gross margin | 87.73% | 84.12% |
| Operating margin | 48.35% | 90.60% |
| Net margin | 28.87% | 73.11% |
| ROE | 3.45% | 7.53% |
| ROIC | 3.56% | N/A |
Dividends
| Metric | ADC | BGT |
|---|---|---|
| Dividend yield | 4.44% | 13.17% |
| Payout ratio | 170.05% | N/A |
Agree Realty Corporation's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | ADC | BGT |
|---|---|---|
| Revenue CAGR (5Y) | 21.41% | 1.46% |
| EPS CAGR (5Y) | 0.11% | 43.50% |
| FCF CAGR (5Y) | 22.56% | N/A |
| Total return CAGR (5Y) | 4.69% | 6.66% |
Frequently asked
- Which has grown faster, ADC or BGT?
- Over the past five years, ADC grew revenue faster — ADC at a 21.41% CAGR versus BGT at 1.46%.
- Does ADC or BGT pay a bigger dividend?
- ADC yields 4.44% and BGT yields 13.17% based on trailing dividends and the latest price.
- Is ADC or BGT more profitable?
- BGT runs the higher net margin — ADC at 28.87% versus BGT at 73.11%.
- How have ADC and BGT total returns compared?
- Over the past 10 years, ADC delivered 8.61% and BGT delivered 6.61% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Agree Realty & BlackRock Floating Rate Income appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.