ADCAGREE REALTY CORP
Real Estate Investment Trusts
- Revenue
- $718M
- 16% YoY
- Operating margin
- 47.4%
- 3.3% YoY
- EBITDA
- $580M
- 14% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.1×
- $1.8B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear247% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear68% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $339M | $430M | $537M | $617M | $718M | 16% |
| Operating income | $190M | $218M | $254M | $302M | $340M | 13% |
| Net income | $122M | $152M | $170M | $189M | $204M | 8.0% |
| Operating cash flow | $246M | $362M | $392M | $432M | $504M | 17% |
| Capex | $1.4B | $1.6B | $1.2B | $875M | — | |
| Stock-based comp | $5M | $6M | $8M | $11M | $13M | 20% |
| Buybacks | $2M | $2M | $3M | $2M | $4M | 64% |
| Dividends | $194M | $220M | $278M | $304M | $341M | 12% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $2M · 3
- Open-market sells, 12 mo
- $0 · 0
- Net
- $2M
Pay vs performance
No pay-versus-performance disclosure yet.