Agree Realty Corporation (ADC) vs Camden Property Trust (CPT)
A side-by-side comparison of Agree Realty Corporation and Camden Property 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 CPT
growth of $100 · dividends reinvested · last 10yADC vs CPT: by the numbers
- •CPT is the larger company ($9.86B vs $8.10B market cap).
- •ADC converts more revenue to profit (28.87% vs 20.74% net margin).
- •ADC grew revenue faster over the past five years (21.41% vs 7.98% CAGR).
- •ADC pays the higher dividend yield (4.44% vs 4.10%).
Metrics side by side
Valuation
| Metric | ADC | CPT |
|---|---|---|
| P/E ratio | 36.28 | 32.60 |
| Forward P/E | 35.53 | 91.20 |
| P/S ratio | 10.40 | 6.27 |
| P/B ratio | 1.24 | 2.59 |
| EV / EBITDA | 18.27 | 16.35 |
| FCF yield | N/A | 2.79% |
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.
For REITs like Camden Property Trust, 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 | CPT |
|---|---|---|
| Gross margin | 87.73% | 61.41% |
| Operating margin | 48.35% | 17.82% |
| Net margin | 28.87% | 20.74% |
| ROE | 3.45% | 8.58% |
| ROIC | 3.56% | 2.93% |
Dividends
| Metric | ADC | CPT |
|---|---|---|
| Dividend yield | 4.44% | 4.10% |
| Payout ratio | 170.05% | 140.20% |
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.
Camden Property Trust'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 | CPT |
|---|---|---|
| Revenue CAGR (5Y) | 21.41% | 7.98% |
| EPS CAGR (5Y) | 0.11% | 23.35% |
| FCF CAGR (5Y) | 22.56% | 47.01% |
| Total return CAGR (5Y) | 4.69% | -3.96% |
Frequently asked
- Which has grown faster, ADC or CPT?
- Over the past five years, ADC grew revenue faster — ADC at a 21.41% CAGR versus CPT at 7.98%.
- Does ADC or CPT pay a bigger dividend?
- ADC yields 4.44% and CPT yields 4.10% based on trailing dividends and the latest price.
- Is ADC or CPT more profitable?
- ADC runs the higher net margin — ADC at 28.87% versus CPT at 20.74%.
- How have ADC and CPT total returns compared?
- Over the past 10 years, ADC delivered 8.61% and CPT delivered 5.42% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Agree Realty & Camden Property 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.