Is ADC or FR cheaper?

On trailing earnings, FR is cheaper: ADC trades at a 39.38 P/E and FR at 23.95.

Which has grown faster, ADC or FR?

Over the past five years, ADC grew revenue faster — ADC at a 22.62% CAGR versus FR at 10.42%.

Does ADC or FR pay a bigger dividend?

ADC yields 4.27% and FR yields 2.97% based on trailing dividends and the latest price.

Is ADC or FR more profitable?

FR runs the higher net margin — ADC at 29.28% versus FR at 45.99%.

Which has been the better investment, ADC or FR?

Over the past 10-year, FR delivered the higher annualized total return — ADC at 9.49% versus FR at 11.67%. Past performance doesn't predict future results.

Agree Realty Corporation (ADC) vs First Industrial Realty Trust, Inc. (FR)

FR leads on 10 of 15 compared metrics.

A side-by-side comparison of Agree Realty Corporation and First Industrial Realty Trust, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

ADC

Agree Realty Corporation

$8.80B

$73.25Real Estate

First Industrial Realty Trust, Inc.

$8.19B

$61.80Real Estate

Total return — ADC vs FR

growth of $100 · last 30y

ADC +295.9%FR +158.8%ADC compounded faster

ADC FR

ADC vs FR: by the numbers

•ADC is the larger company ($8.80B vs $8.19B market cap).
•FR trades at the lower earnings multiple (23.95 vs 39.38 P/E).
•FR converts more revenue to profit (45.99% vs 29.28% net margin).
•ADC grew revenue faster over the past five years (22.62% vs 10.42% CAGR).
•ADC pays the higher dividend yield (4.27% vs 2.97%).

Which is better, ADC or FR?

Metric tally: ADC 5 · FR 10

It depends on what you're optimizing for:

ValueFR(lower P/E)

GrowthADC(faster 5Y revenue CAGR)

IncomeADC(higher dividend yield)

QualityFR(higher ROIC)

Metrics side by side

Valuation

Metric	ADC	FR
P/E ratio	39.38	23.95●
Forward P/E	35.46	32.65●
P/S ratio	11.76	11.00●
P/B ratio	1.41●	2.97
PEG ratio	358.02	5.84●
EV / EBITDA	19.70	16.36●

Profitability

Metric	ADC	FR
Gross margin	87.64%●	47.03%
Operating margin	48.03%●	38.28%
Net margin	29.28%	45.99%●
ROE	3.52%	12.41%●
ROIC	3.51%	5.34%●

Dividends

Metric	ADC	FR
Dividend yield	4.27%●	2.97%
Payout ratio	176.84%	98.13%

Growth (annualized)

Metric	ADC	FR
Revenue CAGR (5Y)	22.62%●	10.42%
EPS CAGR (5Y)	0.11%	4.10%●
Total return CAGR (5Y)	5.44%	6.32%●

Frequently asked

Which is better, ADC or FR?: It depends on your goal. value: FR (lower P/E); growth: ADC (faster 5Y revenue CAGR); income: ADC (higher dividend yield); quality: FR (higher ROIC). Across all compared metrics, FR leads 10 to 5.
Is ADC or FR cheaper?: On trailing earnings, FR is cheaper: ADC trades at a 39.38 P/E and FR at 23.95.
Which has grown faster, ADC or FR?: Over the past five years, ADC grew revenue faster — ADC at a 22.62% CAGR versus FR at 10.42%.
Does ADC or FR pay a bigger dividend?: ADC yields 4.27% and FR yields 2.97% based on trailing dividends and the latest price.
Is ADC or FR more profitable?: FR runs the higher net margin — ADC at 29.28% versus FR at 45.99%.
Which has been the better investment, ADC or FR?: Over the past 10-year, FR delivered the higher annualized total return — ADC at 9.49% versus FR at 11.67%. Past performance doesn't predict future results.

Go deeper

Full ADC analysis Full FR analysis Interactive comparison tool

Dig into the metrics

Agree Realty P/E ratio First Industrial Realty Trust P/E ratio Agree Realty dividend yield First Industrial Realty Trust dividend yield Agree Realty ROE First Industrial Realty Trust ROE Agree Realty operating margin First Industrial Realty Trust operating margin Agree Realty revenue growth First Industrial Realty Trust revenue growth Agree Realty free cash flow First Industrial Realty Trust free cash flow

Agree Realty & First Industrial Realty Trust appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

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 June 20, 2026.