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Vaapad Capital
All positions

ADC

Real Estate

Agree Realty Corporation

Current positionSubscribers

No current live-book snapshot for ADC in this environment.

Weight, entry and P&L are read from the reconciled brokerage snapshot with a LIVE/STALE/FALLBACK/SHADOW freshness ribbon. When ADC is an open position in the founder's book, the figures render here for subscribers; otherwise this stays an honest empty state rather than showing fabricated numbers.

Why it moved today

ADC rose +2.01% versus its prior close (last 77.81 vs prior close 76.28) (as of 2026-07-02 20:42 UTC). The market was post at the time of this quote. This is a descriptive record of the move — not a forecast or a recommendation.

Rewards

  • ADC gives the book Real Estate exposure — see how that sits in the overall sector mix.Sector allocation
  • ADC has 1 fully round-tripped call(s) on the public ledger — every one scored, winners and losers.Open the Call Ledger

Risks

  • ADC is a single, concentrated position in one founder's personal book — single-name risk, not a diversified fund.Full risk disclaimer
  • Past performance is not a reliable indicator of future results. Everything on this page is retrospective disclosure, not investment advice.Full disclaimer

Position scorecard

Track recordConvictionMomentumValueQuality
43avg / 100
  • Track record— 0% hit rate over 1 closed call.0
  • Conviction— Based on 9 recorded events.45
  • Momentum— Today +2.01% vs. prior close (single-session).56
  • Value— From 4 valuation multiples (lower = cheaper).48
  • Quality— From 4 profitability / balance-sheet metrics.67

A retrospective, descriptive summary derived from the facts on this page — the founder's own closed calls, recorded conviction, live position P&L and public third-party fundamentals. It is not a rating, price target, or buy/sell signal. Axes marked “n/a” lack sufficient inputs and are shown honestly rather than guessed. Past performance is not a reliable indicator of future results.

Fundamentals

Valuation multiples

Market cap
$9.37B
Enterprise value
$13.01B
P / E (TTM)Price to trailing earnings
42.06x
P / E (fwd)Price to forward earnings
39.83x
P / BPrice to book value
1.54x
P / S (TTM)Price to trailing sales
12.50x
EV / EBITDA
20.06x
Dividend yield
—

Key financials

Revenue (TTM)
$750.04M
Revenue growthYear-over-year
+18.7%
Earnings growthYear-over-year
+19.0%
Profit margin
29.3%
Return on equity
3.7%
Debt / equity
0.60x
Free cash flow
$444.88M
Beta (5y)Volatility vs. market
0.48

Ownership & float

Shares outstanding
120.10M
Public float
117.64M
Institutional held
120.6%
Insider held
1.8%

Third-party market data (Yahoo Finance), for information only — retrospective and descriptive, not investment advice. Values may lag the latest filing. Fetched 02. Juli 26. Any metric the provider did not report is shown as “—” rather than estimated.

The thesis

No public thesis published for ADC yet.

The public thesis is drawn from the founder's published field notes. When a public note tagging ADC goes live, its thesis anchors this section. Subscriber-only notes are listed below as locked teasers — their content is never surfaced here.

Conviction history

  1. Trimming04. Juni 26

    Trimmed position

    7,911 @ 0.046 AUD

  2. Trimming04. Juni 26

    Trimmed position

    42,489 @ 0.046 AUD

  3. Trimming04. Juni 26

    Trimmed position

    18,450 @ 0.046 AUD

  4. Exited04. Juni 26

    Exited position

    18,450 @ 0.046 AUD

  5. Adding14. Mai 26

    Added to position

    54,671 @ 0.069 AUD

  6. Adding14. Mai 26

    Added to position

    379 @ 0.068 AUD

  7. Adding14. Mai 26

    Added to position

    20,000 @ 0.066 AUD

  8. Building14. Mai 26

    Entered — building position

    7,300 @ 0.065 AUD

  9. Adding14. Mai 26

    Added to position

    4,950 @ 0.065 AUD

Position history

9 fillsNet 0 unitsBought 87,300Sold 87,30014. Mai 26 → 04. Juni 26
DateActionQtyPriceValueRunning net
04. Juni 26SELL18,4500.046 AUD848.7 AUD0
04. Juni 26SELL18,4500.046 AUD848.7 AUD18,450
04. Juni 26SELL42,4890.046 AUD1,954.49 AUD36,900
04. Juni 26SELL7,9110.046 AUD363.91 AUD79,389
14. Mai 26BUY3790.068 AUD25.77 AUD87,300
14. Mai 26BUY54,6710.069 AUD3,772.3 AUD86,921
14. Mai 26BUY20,0000.066 AUD1,320 AUD32,250
14. Mai 26BUY4,9500.065 AUD321.75 AUD12,250
14. Mai 26BUY7,3000.065 AUD474.5 AUD7,300
Reconciled from the founder's brokerage record. Running net is the signed inventory after each fill — AUD prices as executed. Retrospective disclosure, not advice.

ADC on the Call Ledger

ClosedDirEntry → ExitHoldReturn
04. Juni 26LONG0.068 → 0.046 AUD21d-32,10%
See the full Call Ledger →

Field notes mentioning ADC

No field notes mention ADC yet. Browse all field notes →

This page is a retrospective, descriptive disclosure of a single position in the founder's personal trading account — reconciled against IBKR Flex. Not investment advice and not a solicitation to buy or sell any security. Weight, entry and P&L are stamped with the data-freshness state; live figures may lag. Past performance is not a reliable indicator of future results.Diese Seite ist eine rückblickende Darstellung einer einzelnen Position im persönlichen Handelskonto des Gründers, abgeglichen mit IBKR Flex — keine Anlageberatung. Frühere Wertentwicklung ist kein verlässlicher Indikator für künftige Ergebnisse.Full disclaimer