Agree Realty Corporation (ADC) vs Opendoor Technologies Inc. (OPEN)
A side-by-side comparison of Agree Realty Corporation and Opendoor Technologies Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 10, 2026. Differences are shown without an overall score or investment verdict.
Total return — ADC vs OPEN
growth of $100 · dividends reinvested · last 6yADC vs OPEN: by the numbers
- •ADC is the larger company ($8.55B vs $2.69B market cap).
- •ADC is profitable (28.87% net margin) while OPEN runs a net loss (-46.74%).
- •ADC grew revenue faster over the past five years (21.41% vs 5.24% CAGR).
- •ADC pays a dividend (4.42% yield), while OPEN has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | ADC | OPEN |
|---|---|---|
| P/E ratio | 38.30 | N/A |
| Forward P/E | 37.43 | N/A |
| P/S ratio | 10.97 | 0.83 |
| P/B ratio | 1.31 | 2.94 |
| 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.
For REITs like Opendoor Technologies Inc., 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 | OPEN |
|---|---|---|
| Gross margin | 87.73% | 8.30% |
| Operating margin | 48.35% | -6.25% |
| Net margin | 28.87% | -46.74% |
| ROE | 3.45% | -166.41% |
| ROIC | 3.56% | -26.19% |
Dividends
| Metric | ADC | OPEN |
|---|---|---|
| Dividend yield | 4.42% | N/A |
| 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.
Opendoor Technologies Inc.'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 | OPEN |
|---|---|---|
| Revenue CAGR (5Y) | 21.41% | 5.24% |
| EPS CAGR (5Y) | 0.11% | N/A |
| FCF CAGR (5Y) | 22.56% | 9.49% |
| Total return CAGR (5Y) | 4.77% | -31.64% |
Frequently asked
- Which has grown faster, ADC or OPEN?
- Over the past five years, ADC grew revenue faster — ADC at a 21.41% CAGR versus OPEN at 5.24%.
- Does ADC or OPEN pay a bigger dividend?
- ADC pays a dividend (4.42% yield), while OPEN has no payments in the available dividend history.
- Is ADC or OPEN more profitable?
- ADC runs the higher net margin — ADC at 28.87% versus OPEN at -46.74%.
- How have ADC and OPEN total returns compared?
- Over the past 5 years, ADC delivered 4.77% and OPEN delivered -31.64% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Agree Realty & Opendoor Technologies 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 10, 2026.