Welcome to our dedicated page for Agree Rlty news (Ticker: ADC), a resource for investors and traders seeking the latest updates and insights on Agree Rlty stock.
Overview
Agree Realty Corporation (NYSE: ADC) is a fully integrated real estate investment trust (REIT) that specializes in the acquisition, development, and management of net lease retail properties across the United States. Operating in the retail real estate sector, the company provides essential exposure to a stable asset class by focusing on properties leased to high-caliber, investment-grade retail tenants. With a strategic emphasis on long-term leases, Agree Realty harnesses its institutional capital resources and extensive industry relationships to secure properties that deliver superior risk-adjusted returns. Key industry terms such as retail real estate, net lease, and REIT investment underscore its presence in a competitive market space.
Business Model and Operations
The core of Agree Realty’s business model lies in its disciplined approach to acquiring and developing properties that are net leased to prominent retail brands. By maintaining a self-administered and self-managed platform, the company ensures meticulous control over its assets, from property selection to tenant relations and operational oversight. This integration allows for efficient capital allocation and a robust response to market dynamics. The revenue base is primarily generated through stable, ongoing rental incomes derived from long-term lease agreements with industry-leading tenants.
Strategic Focus and Industry Expertise
Agree Realty leverages decades of expertise in retail real estate to identify and capitalize on high-quality investment opportunities. Its strategic focus includes:
- Stringent Asset Selection: Emphasizing properties with strong tenant profiles and long-term lease agreements to minimize risk.
- Diversification: Operating across multiple states and retail sectors, thereby reducing geographic and sector-specific concentration risks.
- Innovative Development: Employing adaptive strategies and state-of-the-art real estate technologies to enhance property development and management.
This approach not only reinforces the company’s competitive position but also demonstrates its commitment to operational excellence and financial discipline.
Market Position and Competitive Landscape
In the competitive realm of net lease retail REITs, Agree Realty stands out due to its integrated management model and consistent focus on high-quality, investment-grade tenants. The company’s extensive portfolio, comprising properties spanning many states, offers a diversified revenue stream that is resilient to market fluctuations. Its strategic partnerships with nationally recognized retail brands further bolster its market credibility and operational stability, making it a noteworthy entity in the retail investment space.
Operational and Investment Highlights
- Integrated Platform: Self-managed operations ensure transparency and efficiency in property management.
- Diversified Portfolio: A broad mix of retail properties across the U.S. minimizes risks associated with market or sector-specific downturns.
- Focused Acquisitions: A disciplined acquisition strategy that targets net lease assets with favorable lease terms and stable income flows.
- Technological Innovation: Utilization of advanced real estate technology to monitor market trends, streamline operations, and enhance asset performance.
Considerations for Investors
Investors examining Agree Realty Corporation can appreciate its steady approach to generating income through long-term, net lease agreements with established retail tenants. The company’s clear focus on operational excellence and risk reduction, backed by decades of industry experience, makes it an informative case study in the realm of retail real estate investments. The integrated model and strong relationships with notable industry players provide a deep insight into its robust operational framework, while ensuring that investment research remains supported by sound, evergreen fundamentals.
Agree Realty (NYSE: ADC) has scheduled its first quarter 2025 earnings release and conference call. The company will announce Q1 2025 operating results after market close on Tuesday, April 22, 2025, followed by a conference call on Wednesday, April 23, 2025, at 9:00 AM ET.
Shareholders and interested parties can access the call via teleconference using USA Toll Free (800) 836-8184 or International (646) 357-8785. A live webcast will be available through the company's website at www.agreerealty.com in the Investors section. Participants should connect five minutes before the scheduled time. A replay of the conference call webcast will be archived and accessible through the company's Investors section.
Agree Realty (NYSE: ADC) has announced the establishment of a $625 million commercial paper program through its subsidiary, Agree Partnership. The program will enable the issuance of short-term, unsecured commercial paper notes in the U.S. market.
The notes will have equal ranking with the Issuer's other senior unsecured debt and will be fully guaranteed by the Company and certain subsidiaries. The proceeds will support general corporate purposes, with the Company's $1.25 billion revolving credit facility serving as a liquidity backstop.
This strategic move aims to diversify the Company's balance sheet and is expected to provide cost advantages compared to their existing revolving credit facility.
Agree Realty (NYSE: ADC) has announced two dividend declarations approved by its Board of Directors. The company declared a monthly cash dividend of $0.253 per common share, representing an annualized dividend of $3.036 per common share. This marks a 2.4% increase from the previous quarter's annualized dividend of $2.964.
The common share dividend will be paid on April 14, 2025, to stockholders of record as of March 31, 2025. Additionally, ADC declared a monthly cash dividend of $0.08854 per depositary share on its 4.25% Series A Cumulative Redeemable Preferred Stock, equivalent to $1.0625 annually, payable April 1, 2025, to stockholders of record as of March 21, 2025.
Agree Realty (NYSE: ADC) reported its Q4 and full-year 2024 results, providing initial 2025 AFFO per share guidance of $4.26 to $4.30. Key highlights include:
For Q4 2024: Net Income decreased 1.6% to $43.4M, Core FFO increased 7.9% to $107.6M ($1.02 per share), and AFFO increased 9.1% to $109.5M ($1.04 per share). The company invested approximately $371M in 127 retail net lease properties.
For Full Year 2024: Net Income increased 11.8% to $181.8M, Core FFO increased 10.7% to $416.7M ($4.08 per share), and AFFO increased 11.6% to $422.8M ($4.14 per share). The company invested approximately $951M in 282 retail net lease properties.
The company's portfolio consisted of 2,370 properties across all 50 states, with 99.6% occupancy and 68.2% of annualized base rents from investment grade retail tenants. The company raised approximately $1.1B of forward equity and completed a $450M senior unsecured notes offering.
Agree Realty (NYSE: ADC) has announced two dividend declarations. The company's Board of Directors declared a monthly cash dividend of $0.253 per common share, representing an annualized dividend of $3.036 per common share. This marks a 2.4% increase from the previous annualized dividend of $2.964 per common share in Q1 2024. The common share dividend will be paid on March 14, 2025, to stockholders of record as of February 28, 2025.
Additionally, the company declared a monthly cash dividend of $0.08854 per depositary share on its 4.25% Series A Cumulative Redeemable Preferred Stock, equivalent to $1.0625 annually. This preferred dividend is payable March 3, 2025, to stockholders of record as of February 21, 2025.
Agree Realty (NYSE: ADC) has announced two dividend declarations. The company's Board approved a monthly common share dividend of $0.253, representing an annualized amount of $3.036 per share. This marks a 2.4% increase from the previous annualized dividend of $2.964 per share in Q1 2024.
The common share dividend will be paid on February 14, 2025, to stockholders of record as of January 31, 2025. Additionally, the company declared a monthly dividend of $0.08854 per depositary share on its 4.25% Series A Cumulative Redeemable Preferred Stock, equivalent to $1.0625 annually, payable February 3, 2025, to stockholders of record as of January 24, 2025.
Agree Realty (NYSE: ADC) has announced it will release its fourth quarter and full year 2024 operating results after market close on Tuesday, February 11, 2025. The company will host a conference call to discuss these results on Wednesday, February 12, 2025, at 9:00 AM ET.
Shareholders and interested parties can access the call via teleconference using USA Toll Free (800) 836-8184 or International (646) 357-8785, or through a webcast at the company's website. Participants should connect five minutes before the scheduled time. A replay of the conference call webcast will be available in the Investors section of the company's website.
Agree Realty (NYSE: ADC) has reported its 2024 investment activity and outlined its 2025 investment outlook. The company achieved total real estate investment volume of approximately $951 million in 2024, comprising 282 properties across 28 retail sectors in 45 states. The company completed $867 million in acquisitions at a 7.5% weighted-average capitalization rate, with 65.6% of annualized base rents from investment grade retail tenants.
For 2025, ADC projects investment volume between $1.1 billion and $1.3 billion, representing a 26% year-over-year increase at the midpoint. The company has strengthened its financial position with total liquidity exceeding $2.0 billion, including $1.1 billion in credit facility availability and $0.9 billion in outstanding forward equity. The company's portfolio now generates 68.2% of annualized base rents from investment grade retail tenants, with ground leased properties representing 10.9% of total annualized base rents.
Agree Realty (NYSE: ADC) has announced two dividend declarations. The company's Board approved a monthly common share dividend of $0.253, representing an annualized amount of $3.036 per share - a 2.4% increase from Q4 2023's $2.964. This dividend will be paid on January 15, 2025, to stockholders of record as of December 31, 2024.
Additionally, the company declared a monthly dividend of $0.08854 per depositary share on its 4.25% Series A Cumulative Redeemable Preferred Stock, equivalent to $1.0625 annually. This preferred dividend is payable January 2, 2025, to stockholders of record as of December 23, 2024.
Agree Realty (NYSE: ADC) announced its Board of Directors has declared a monthly cash dividend of $0.253 per common share, reflecting an annualized dividend of $3.036 per share. This represents a 2.4% increase over the previous year's fourth-quarter annualized dividend of $2.964 per share. The dividend is payable on December 13, 2024 to stockholders recorded as of November 29, 2024.
The Board also declared a monthly dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share, equivalent to $1.0625 per annum, payable on December 2, 2024 to stockholders recorded as of November 22, 2024.
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