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 Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.217 per common share, marking an annualized total of $2.604 and an 8.5% increase from the previous year. This dividend is payable on August 13, 2021 to stockholders who are on record as of July 30, 2021. The company owns and manages a portfolio of 1,213 properties across 46 states, totaling approximately 24.2 million square feet of gross leasable area.
Agree Realty Corporation (NYSE: ADC) announced its second quarter operating results will be released after the market closes on July 26, 2021. A conference call to discuss these results is scheduled for July 27, 2021, at 9:00 AM ET. Interested participants can join via teleconference or webcast. As of March 31, 2021, ADC owned 1,213 properties across 46 states, with approximately 24.2 million square feet of gross leasable area. The Company focuses on acquiring and developing properties leased to leading omni-channel retail tenants.
Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.217 per common share, reflecting an annualized amount of $2.604. This represents an 8.5% increase from the previous year's annualized dividend of $2.400. The dividend is scheduled for payment on July 14, 2021 to shareholders on record as of June 30, 2021. As of March 31, 2021, the company owns 1,213 properties across 46 states, totaling approximately 24.2 million square feet of gross leasable area.
Agree Realty Corporation (NYSE: ADC) priced a public offering of 4 million common shares, targeting gross proceeds of approximately $286 million. The closing date is expected around June 15, 2021, pending customary conditions. Proceeds will reduce the revolving credit facility, fund property acquisitions, and support general corporate purposes. Citigroup is the sole underwriter for this offering. The shares will be issued under an effective shelf registration statement filed with the SEC.
Agree Realty Corporation (NYSE: ADC) announced a public offering of 4,000,000 shares of common stock, expected to close on June 15, 2021. The underwriter will have a 30-day option to purchase an additional 600,000 shares. The proceeds will be used to reduce credit facility balances, fund acquisitions, develop properties, and for general corporate purposes. Citigroup is the sole underwriter. The offering is part of an effective registration statement filed with the SEC.
Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.217 per common share, reflecting an annualized increase of 8.5% from $2.400 to $2.604 for 2021. The dividend will be payable on June 11, 2021, to shareholders on record by May 28, 2021. The company, as of March 31, 2021, operates a portfolio of 1,213 properties across 46 states, totaling around 24.2 million square feet of gross leasable area.
Agree Realty Corporation (NYSE: ADC) announced a public offering of $350 million in 2.000% senior unsecured notes due 2028 and $300 million in 2.600% senior unsecured notes due 2033. The effective yield to maturity for the 2028 Notes is 2.112%, and for the 2033 Notes, it is 2.684%. Proceeds will be used to repay existing debt and for general corporate purposes, including property acquisitions. This issuance is expected to close on May 14, 2021, enhancing the company's balance sheet and extending its weighted average debt maturity to approximately 9 years.
Agree Realty Corporation (NYSE: ADC) reported a strong Q1 2021, with net income up 41.8% to $30.1 million, and Core FFO increasing 42.0% to $53.3 million. The company invested $391 million in 90 retail properties, focusing on ground leases, which now account for 32% of annualized base rents. The monthly dividend was raised by 8.5% to $0.217. The balance sheet is robust with a forecast for 2021 acquisitions increased to $1.1 billion - $1.3 billion. The new ARC technology platform enhances decision-making and operational efficiency.
Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.217 per common share, effective May 14, 2021. This reflects an annualized dividend of $2.604, marking an 8.5% increase from the previous year's annualized dividend of $2.400. Shareholders on record by April 30, 2021, will receive this dividend. The company, focused on acquiring and developing properties leased to top retail tenants, owned 1,129 properties with approximately 22.7 million square feet of leasable area as of December 31, 2020.
Agree Realty Corporation (ADC) reported on March 31, 2021, that it received rent payments from over 99% of its portfolio for March, marking the seventh consecutive month of achieving at least 99% of all contractual rent obligations. As of December 31, 2020, the company owned 1,129 properties across 46 states, encompassing approximately 22.7 million square feet of gross leasable area. The consistent rent collection highlights the company's strong operational performance amid market challenges.
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