Agree Realty Corporation (ADC) vs NNN REIT, Inc. (NNN)
A side-by-side comparison of Agree Realty Corporation and NNN REIT, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.
ADC
Agree Realty Corporation
$81.12Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT
NNN
NNN REIT, Inc.
$49.23Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — ADC vs NNN
growth of $100 · dividends reinvested · last 30yADC +3096.3%NNN +2299.9%ADC compounded faster
ADC NNN
ADC vs NNN: by the numbers
- •ADC is the larger company ($9.74B vs $9.37B market cap).
- •NNN trades at the lower trailing earnings multiple (23.89 vs 43.25 P/E), one valuation lens rather than an overall verdict.
- •NNN converts more revenue to profit (41.38% vs 29.28% net margin).
- •ADC grew revenue faster over the past five years (22.62% vs 7.06% CAGR).
- •NNN pays the higher dividend yield (4.88% vs 3.90%).
Metrics side by side
Valuation
| Metric | ADC | NNN |
|---|---|---|
| P/E ratio | 43.25 | 23.89 |
| Forward P/E | 41.47 | 24.30 |
| P/S ratio | 12.91 | 9.96 |
| P/B ratio | 1.55 | 2.12 |
| PEG ratio | 393.21 | 2.14 |
| EV / EBITDA | 20.28 | 16.38 |
Profitability
| Metric | ADC | NNN |
|---|---|---|
| Gross margin | 87.64% | 38.00% |
| Operating margin | 48.03% | 63.13% |
| Net margin | 29.28% | 41.38% |
| ROE | 3.52% | 8.81% |
| ROIC | 3.78% | 6.39% |
Dividends
| Metric | ADC | NNN |
|---|---|---|
| Dividend yield | 3.90% | 4.88% |
| Payout ratio | 177.46% | 115.94% |
Growth (annualized)
| Metric | ADC | NNN |
|---|---|---|
| Revenue CAGR (5Y) | 22.62% | 7.06% |
| EPS CAGR (5Y) | 0.11% | 11.15% |
| Total return CAGR (5Y) | 5.96% | 5.52% |
Frequently asked
- Which has the lower trailing P/E, ADC or NNN?
- NNN has the lower trailing P/E: ADC trades at 43.25 and NNN at 23.89. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, ADC or NNN?
- Over the past five years, ADC grew revenue faster — ADC at a 22.62% CAGR versus NNN at 7.06%.
- Does ADC or NNN pay a bigger dividend?
- ADC yields 3.90% and NNN yields 4.88% based on trailing dividends and the latest price.
- Is ADC or NNN more profitable?
- NNN runs the higher net margin — ADC at 29.28% versus NNN at 41.38%.
- How have ADC and NNN total returns compared?
- Over the past 10 years, ADC delivered 9.19% and NNN delivered 4.31% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Agree Realty P/E ratioNNN REIT P/E ratioAgree Realty dividend yieldNNN REIT dividend yieldAgree Realty ROENNN REIT ROEAgree Realty operating marginNNN REIT operating marginAgree Realty revenue growthNNN REIT revenue growthAgree Realty free cash flowNNN REIT free cash flow
Agree Realty & NNN REIT 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 July 28, 2026.