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) will announce its first quarter operating results after the market closes on May 3, 2021. A conference call is scheduled for May 4, 2021 at 9:00 AM ET, where shareholders can participate through teleconference or webcast. Agree Realty, a real estate investment trust, manages 1,129 properties across 46 states, totaling approximately 22.7 million square feet of gross leasable area.
Agree Realty Corporation (NYSE: ADC) has released its inaugural Environmental, Social, and Governance (ESG) report, highlighting recent initiatives aimed at enhancing transparency for investors. CEO Joey Agree emphasized the company's commitment to sustainability and corporate responsibility. The report, which includes valuable retail partner data, showcases significant strides in ESG initiatives. Interested parties can view and download the report from the company's website.
Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.207 per common share, resulting in an annualized amount of $2.484. This marks a 6.2% increase from the previous year’s annualized dividend of $2.340. The dividend is scheduled for payment on April 14, 2021 to stockholders of record as of March 31, 2021. The company continues its focus on net lease properties, owning 1,129 properties across 46 states with a total gross leasable area of approximately 22.7 million square feet.
Agree Realty Corporation (NYSE: ADC) reported that as of March 1, 2021, it has successfully collected February rent payments from over 99% of its portfolio. This achievement marks the sixth consecutive month of achieving at least 99% of contractual monthly rentals. As of December 31, 2020, the Company owned and operated 1,129 properties across 46 states, with a gross leasable area of approximately 22.7 million square feet. This strong rent collection performance highlights the stability of the Company's operations in the current market.
Agree Realty Corporation (NYSE: ADC) has appointed Simon Leopold as Chief Financial Officer, effective immediately, succeeding Clay Thelen, who has resigned. Leopold brings a wealth of experience from his previous role at Taubman Centers and in real estate investment banking. Additionally, Craig Erlich has been promoted to Chief Operating Officer, expanding his responsibilities to include asset management and marketing. The company owns 1,129 properties across 46 states, totaling approximately 22.7 million square feet of gross leasable area.
Agree Realty Corporation (NYSE: ADC) announced the immediate reappointment of Ambassador John Rakolta Jr. to its Board of Directors. Rakolta previously served on the board from 2011 until 2019, when he became the U.S. Ambassador to the UAE. With extensive experience as Chairman of Walbridge, a leading construction firm, his return is anticipated to enhance the company's strategic direction. The Board confirmed that Rakolta is independent according to NYSE standards, which is beneficial for corporate governance as the company pursues growth.
Agree Realty Corporation (NYSE: ADC) reported Q4 and full-year 2020 results. The company invested $363.3 million in 106 retail properties, achieving a 6.0% annual increase in dividends to $0.620 per share. However, net income per share dropped 19.6% to $0.42 for Q4 and 10.1% to $1.74 for the year. Key metrics show Core FFO up 35.1% YoY to $47.3 million, while AFFO rose 36.4% to $47.1 million. The portfolio's lease rate stands at 99.5% with a diverse tenant base, leading to a strong balance sheet with a BBB rating. In 2021, ADC plans acquisitions between $800 million and $1 billion.
Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.207 per common share, reflecting an annualized amount of $2.484, which marks a 6.2% increase from the previous year. This dividend is payable on March 12, 2021 to stockholders on record as of February 26, 2021. As of December 31, 2020, the Company owned and operated a portfolio of 1,129 properties across 46 states, totaling approximately 22.7 million square feet of gross leasable area.
Agree Realty Corporation (NYSE: ADC) has declared its inaugural monthly cash dividend of $0.207 per common share, reflecting an annualized amount of $2.484. This represents a 6.2% increase over the previous annualized dividend of $2.340. The dividend is payable on February 12, 2021, to shareholders of record by January 29, 2021. The company, which owns 1,129 properties across 46 states, focuses on acquiring and developing net-leased retail properties.
Agree Realty Corporation (NYSE: ADC) will report its Q4 and full year 2020 operating results on February 18, 2021, after market close. A conference call is scheduled for February 19, 2021, at 9:00 AM ET to discuss the results. The Company owns a portfolio of 1,129 properties across 46 states, totaling approximately 22.7 million square feet of gross leasable space as of December 31, 2020. Shareholders can access the call via teleconference or webcast, with details available on the Company's website.
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