Data as of the October 19, 2026 close. Every figure on this page is checked against at least two independent sources, or two separate SEC filings, before it is published. How we verify data.
Agree Realty (ADC) and Essential Properties Realty Trust (EPRT) are both net lease REITs, with Agree Realty classed as Retail Net Lease and Essential Properties Realty Trust as Service Retail Net Lease. Here is how they compare on verified numbers as of the October 19, 2026 close, from dividends and debt to rate sensitivity and returns this year.
| Measure | Agree Realty (ADC) | Essential Properties Realty Trust (EPRT) |
|---|---|---|
| Share price | $65.82 | $25.51 |
| Market cap | $8.2B | $5.5B |
| Dividend yield | 4.87% | 5.02% |
| Annual dividend per share | $3.20 | $1.28 |
| Pays | Monthly | Quarterly |
| Consecutive years of dividend increases | 13 | n/a |
| Dividend increase in 2026 (confirmed in filings) | +1.9% | +3.2% |
| Liabilities to assets | 38.4% (June 30) | 40.6% (June 30) |
| Revenue growth, latest quarter vs a year earlier | +16.8% | +18.1% |
| Price change year to date | -8.6% | -14.0% |
| Price change since Sept. 15 | -6.1% | -8.9% |
| 52-week range (closing) | $65.03 to $81.92 | $24.95 to $34.59 |
| Typical move per 0.25-point rise in the 10-year yield | -3.3% | -3.6% |
| REIT Rankings grade | A 87 | B 81 |
| Third-quarter 2026 results | Not yet filed; page updates when it is | Not yet filed; page updates when it is |
Who Leads on Each Measure
| Measure | Leader |
|---|---|
| Higher dividend yield | Essential Properties Realty Trust |
| Lower leverage | Agree Realty |
| Less sensitive to rising rates | Agree Realty |
| Better price change this year | Agree Realty |
| Higher REIT Rankings grade | Agree Realty |
Where They Differ
The two yield almost the same: 4.87% for Agree Realty and 5.02% for Essential Properties Realty Trust. Essential Properties Realty Trust carries more leverage, with liabilities equal to 40.6% of assets against 38.4%. Over the past year Essential Properties Realty Trust has been more sensitive to Treasury yields, typically moving -3.6% for each 0.25-point rise in the 10-year yield against -3.3% for Agree Realty. This year Agree Realty shares have moved -8.6% and Essential Properties Realty Trust shares -14.0%.
Read the full profiles for portfolio, tenant and balance sheet detail: Agree Realty and Essential Properties Realty Trust.
How These Numbers Are Checked
Prices, returns and 52-week ranges are computed separately from Nasdaq and Cboe records and must agree. Dividend rates are checked against the per-share dividends in each company’s latest 10-Q, growth streaks against their 10-K filings, and leverage and revenue come from the balance sheets and income statements filed with the SEC. Third-quarter results replace the latest-quarter figures as soon as each company files. How we verify data.
Frequently Asked Questions
Which pays a higher dividend, ADC or EPRT?
Agree Realty yields 4.87% and pays $3.20 a share a year (monthly); Essential Properties Realty Trust yields 5.02% and pays $1.28 (quarterly), as of October 19, 2026.
Which has raised its dividend longer, ADC or EPRT?
Agree Realty: 13 consecutive years of increases; Essential Properties Realty Trust: streak not yet verified.
Which has more debt, ADC or EPRT?
On the latest balance sheets, Agree Realty’s liabilities equal 38.4% of total assets and Essential Properties Realty Trust’s equal 40.6%. Book leverage is one measure; debt maturities and interest coverage matter too.
Which is more sensitive to interest rates, ADC or EPRT?
Over the past year, Agree Realty has typically moved -3.3% and Essential Properties Realty Trust -3.6% for each 0.25-point rise in the 10-year Treasury yield. Since September 15, 2026, Agree Realty has moved -6.1% and Essential Properties Realty Trust -8.9%.
Is ADC or EPRT the better investment?
REIT Rankings does not make buy, sell or hold calls. On our grades, which measure dividend safety, balance sheet, portfolio, growth and valuation, Agree Realty scores 87 and Essential Properties Realty Trust scores 81, so Agree Realty rates higher on business quality. Which suits you depends on whether you value current yield, dividend growth or lower rate risk more.
Related Pages
Best Net Lease REITs · Realty Income vs. Agree Realty · Agree Realty vs. NNN REIT · Realty Income vs. Essential Properties Realty Trust · All REIT comparisons
REIT Rankings publishes data and grades, not investment advice. Nothing on this page is a recommendation to buy, sell or hold any security. Do your own research or consult a licensed advisor.
Why buy the REIT when you can own the asset?
Net lease REITs typically yield 4.5% to 6.5%. Direct ownership of a single-tenant NNN property leased to the same investment-grade tenants historically trades at 6% to 7.5% cap rates, plus depreciation benefits and 1031 exchange eligibility that REIT shareholders never receive. For investors with $1 million or more, the after-tax gap is large.
See the $2M After-Tax Comparison