Agree Realty

Agree Realty Corp. is a real estate investment trust, which focuses on the ownership, development, acquisition, and management of retail properties net leased to national tenants. It specializes in acquiring and developing net leased retail properties for retail tenants. The company was founded by Richard Agree in 1971 and is headquartered in Bloomfield Hills, MI.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q4 2022

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Earnings data Q3 2023

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Earnings data Q3 2024

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Agree Realty (ADC) reports record 2022 performance amidst market challenges

Agree Realty (ADC) had a strong performance in 2022, maintaining high occupancy rates, increasing dividends, and managing expenses effectively.
The company faces challenges in managing leverage, dealing with reduced transactional volume, and potential bankruptcies in retail sectors.
Opportunities lie in pursuing multi-tenant deals, securing better terms in acquisitions, and benefiting from favorable market conditions.
Overall, ADC's defensive portfolio, strong balance sheet, and strategic positioning position the company well for future growth and value creation.

Agree Realty (ADC) raises 2023 acquisition guidance amidst retail challenges

Agree Realty (ADC) is off to a strong start in 2023, focusing on strategic acquisitions and technology investments. While maintaining a robust balance sheet, the company faces challenges in navigating post-COVID retail uncertainties. ADC is poised to capitalize on sale-leaseback opportunities and pursue growth in single-tenant retail.

Agree Realty (ADC) reports robust Q2 performance amidst financing challenges

Agree Realty demonstrated financial strength and operational resilience in Q2 2023, maintaining high occupancy rates and expanding its property portfolio. While facing challenges in financing and development partnerships, the company remains focused on sustainable growth and seizing opportunities in a dynamic market environment.

Agree Realty (ADC) reports robust Q3 performance amidst market challenges

Agree Realty (ADC) delivered strong financial performance in Q3, with increased dividends and steady cost management.
The company's focus on investment-grade tenants and ESG initiatives positions it well for sustainable growth.
While facing challenges from rising rates and market dynamics, ADC's disciplined strategy presents opportunities for strategic acquisitions.
Overall, ADC remains resilient in navigating market challenges and capitalizing on growth prospects in the real estate sector.

Agree Realty excels in disciplined investments amidst market challenges

Agree Realty had a strong performance in 2023, focusing on high-quality retail properties and disciplined investments.
The company's strengths lie in its stable balance sheet, strategic reduction of exposure, and strong debt strategy.
Challenges include a fragmented buyer pool, cautious approach to certain sectors, and an expected decrease in transaction volume.
Opportunities exist in selling assets, redeploying capital, and leveraging retailer expansion in discount spaces for growth.

Agree Realty (ADC) reports robust Q1 performance amidst market challenges

Agree Realty demonstrates strong financial performance and strategic focus on AFFO growth, supported by a robust balance sheet and positive lease dynamics.
Management's confidence in consistent earnings growth and ability to execute acquisitions without external capital raise underpin operational strength.
Challenges in financing environment and market uncertainties require strategic adaptation, while unique opportunities and active portfolio management offer avenues for growth.
Overall, Agree Realty's Q1 earnings call highlights a resilient performance amidst challenges, with a focus on seizing growth opportunities and optimizing portfolio value.

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Agree Realty Corp. is a real estate investment trust, which focuses on the ownership, development, acquisition, and management of retail properties net leased to national tenants. It specializes in acquiring and developing net leased retail properties for retail tenants. The company was founded by Richard Agree in 1971 and is headquartered in Royal Oak, MI.

Agree Realty is the perfect combination of size, dividend yield, and dividend growth to drive compounding long-term returns from here. Agree's focus on investment-grade tenants in defensive real estate is appealing for conservative investors.

Agree Realty: The Best Mid-Cap Net Lease REIT To Own For The Next 5 Years

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BLOOMFIELD HILLS, Mich., Dec. 15, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced it has entered into a Third Amended and Restated Revolving Credit Agreement which increases its senior unsecured revolving credit facility (the "Credit Facility") to $1.0 billion.

Agree Realty Announces Expanded $1.0 Billion Credit Facility

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Despite a wave of dividend hikes and robust external growth, net lease REITs have been among the weakest-performing property sectors this year amid concerns over soaring inflation and rising interest rates. Despite their reputation as bond substitutes, net lease REITs have historically delivered above-average earnings growth as accretive external growth has more than offset the drag from muted property-level growth.

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There are several REITs with solid growth, but this one stands out. After many years of outperformance, the dip gives investors a solid entry point.

Agree For Dividends

The shares of Agree Realty Corporation (NYSE: ADC) have received a price target of $75 from Citi. These are the details.

Agree Realty Stock (ADC): $75 Price Target From Citi

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BLOOMFIELD HILLS, Mich., Dec. 8, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the pricing of its public offering of 5,000,000 shares of its common stock at a public offering price of $68.15 per share in connection with the forward sale agreements described below.

Agree Realty Announces Pricing Of Forward Common Stock Offering

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BLOOMFIELD HILLS, Mich., Dec. 7, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") announced that effective immediately, Peter Coughenour has been named its Chief Financial Officer and Secretary.

Agree Realty Names Peter Coughenour Chief Financial Officer

PRINCETON, N.J.--(BUSINESS WIRE)---- $ADC #ADCs--NJ Bio, winner of Best CRO World ADC Awards 2021 has expanded its facility at Princeton, NJ to enable it to provide GMP services to clients for ADCs.

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More and more Black Friday and seasonal holiday shopping is being carried out online. Even so, in-store shopping has enjoyed a robust rebound this year, signifying that brick-and-mortar retail is not dead.

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Joey Agree told me that he "likes rectangles". He said that Agree Realty is a "real estate company at its core" and he "likes fungible rectangles with market rents”.

If You Like Fungible Rectangles, You Will Love Agree Realty

This REIT offers investors a great way to earn passive income.

This 3.9%-Yielding Monthly Dividend Keeps Heading Higher

Agree Realty and Realty Income share many similarities in their investment focus and profile, including a monthly dividend payout schedule. There are at least three important differences between Agree and Realty that make Agree the better buy today.

3 Reasons To Buy Agree Realty Instead Of Realty Income

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Agree Realty Corp Brands, Inc. (ADC) CEO Joel Agree on Q3 2021 Results - Earnings Call Transcript

Agree Realty (ADC) delivered FFO and revenue surprises of 0.00% and 0.21%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Agree Realty (ADC) Q3 FFO Meet Estimates

BLOOMFIELD HILLS, Mich., Nov. 1, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended September 30, 2021.

Agree Realty Corporation Reports Third Quarter 2021 Results

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News for Agree Realty Stock (ADC)