Agree Realty Corporation (ADC) vs First Industrial Realty Trust, Inc. (FR)
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 August 4, 2026. Differences are shown without an overall score or investment verdict.
ADC
Agree Realty Corporation
$75.81Real EstateDelayed quote: Aug 4, 2026, 9:50 AM EDT
FR
First Industrial Realty Trust, Inc.
$64.64Real EstateDelayed quote: Aug 4, 2026, 9:50 AM EDT
Total return — ADC vs FR
growth of $100 · dividends reinvested · last 30yADC +2998.7%FR +967.6%ADC compounded faster
ADC FR
ADC vs FR: by the numbers
- •ADC is the larger company ($9.10B vs $8.57B market cap).
- •FR trades at the lower trailing earnings multiple (23.91 vs 41.35 P/E), one valuation lens rather than an overall verdict.
- •FR converts more revenue to profit (47.96% vs 28.63% net margin).
- •ADC grew revenue faster over the past five years (21.41% vs 10.47% CAGR).
- •ADC pays the higher dividend yield (4.10% vs 2.88%).
Metrics side by side
Valuation
| Metric | ADC | FR |
|---|---|---|
| P/E ratio | 41.35 | 23.91 |
| Forward P/E | 39.65 | 26.56 |
| P/S ratio | 11.89 | 11.43 |
| P/B ratio | 1.42 | 3.13 |
| PEG ratio | 375.90 | 5.83 |
| EV / EBITDA | 18.95 | 21.98 |
| FCF yield | 5.76% | 4.72% |
Profitability
| Metric | ADC | FR |
|---|---|---|
| Gross margin | 88.95% | 22.60% |
| Operating margin | 47.92% | 41.59% |
| Net margin | 28.63% | 47.96% |
| ROE | 3.42% | 13.12% |
| ROIC | 3.88% | 5.76% |
Dividends
| Metric | ADC | FR |
|---|---|---|
| Dividend yield | 4.10% | 2.88% |
| Payout ratio | 178.08% | 101.07% |
Growth (annualized)
| Metric | ADC | FR |
|---|---|---|
| Revenue CAGR (5Y) | 21.41% | 10.47% |
| EPS CAGR (5Y) | 0.11% | 4.10% |
| FCF CAGR (5Y) | 22.56% | 7.52% |
| Total return CAGR (5Y) | 4.85% | 6.44% |
Frequently asked
- Which has the lower trailing P/E, ADC or FR?
- FR has the lower trailing P/E: ADC trades at 41.35 and FR at 23.91. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, ADC or FR?
- Over the past five years, ADC grew revenue faster — ADC at a 21.41% CAGR versus FR at 10.47%.
- Does ADC or FR pay a bigger dividend?
- ADC yields 4.10% and FR yields 2.88% based on trailing dividends and the latest price.
- Is ADC or FR more profitable?
- FR runs the higher net margin — ADC at 28.63% versus FR at 47.96%.
- How have ADC and FR total returns compared?
- Over the past 10 years, ADC delivered 8.89% and FR delivered 11.46% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Agree Realty P/E ratioFirst Industrial Realty Trust P/E ratioAgree Realty dividend yieldFirst Industrial Realty Trust dividend yieldAgree Realty ROEFirst Industrial Realty Trust ROEAgree Realty operating marginFirst Industrial Realty Trust operating marginAgree Realty revenue growthFirst Industrial Realty Trust revenue growthAgree Realty free cash flowFirst Industrial Realty Trust free cash flow
Agree Realty & First Industrial Realty Trust 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 August 4, 2026.