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Agree Rlty Corp - ADC STOCK NEWS

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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.

Rhea-AI Summary

Agree Realty (NYSE: ADC) has declared a monthly cash dividend of $0.250 per common share, translating to an annualized dividend of $3.00 per common share. This marks a 2.9% increase from the previous annualized dividend of $2.916 per common share for the third quarter of 2023. The dividend is payable on August 14, 2024, to shareholders of record as of July 31, 2024.

Additionally, the company declared a monthly cash dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share, or $1.0625 annually, payable on August 1, 2024, to shareholders of record as of July 22, 2024.

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Agree Realty announced the release of its Q2 2024 operating results on July 23, 2024, after market close. The company, trading under the ticker ADC on NYSE, will host a conference call on July 24, 2024, at 9:00 AM ET to discuss these results. The call can be accessed via teleconference or webcast. U.S. participants can dial (800) 836-8184, while international participants can dial (646) 357-8785. A live webcast will be available on the company's website, and a replay will be accessible afterward.

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Agree Realty (NYSE: ADC) has published its 2023 Sustainability Report, focusing on its environmental, social, and governance (ESG) initiatives. The report aligns with IFRS, SASB, and TCFD frameworks. CEO Joey Agree highlighted the company's progress in engaging tenants on sustainability and green leasing, and improving reporting to align with the International Sustainability Standards Board's IFRS S1 and S2 Standards. Notable achievements include receiving Gold Level recognition from Green Lease Leaders for the second year in a row and improved ratings from GRESB, MSCI, and ISS. The report aims to advance sustainability initiatives and create long-term value. The full report is available on the company's website.

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Agree Realty (NYSE: ADC) announced a monthly cash dividend of $0.250 per common share, which annualizes to $3.00 per share, marking a 2.9% increase from the previous year. The dividend will be paid on July 15, 2024, to stockholders of record as of June 28, 2024. 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 on an annual basis. This dividend will be paid on July 1, 2024, to stockholders of record as of June 21, 2024.

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Agree Realty announced a monthly cash dividend of $0.250 per common share, equating to an annualized dividend of $3.00 per share. This represents a 2.9% increase from the previous year's $2.916 per share. The dividend will be paid on June 14, 2024, to shareholders recorded by May 31, 2024. The company also declared a monthly cash dividend of $0.08854 per depositary share of its 4.25% Series A Cumulative Redeemable Preferred Stock, equal to $1.0625 annually. This payment will be made on June 3, 2024, to shareholders recorded by May 24, 2024.

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Agree Realty (NYSE: ADC) priced a public offering of $450 million 5.625% senior unsecured notes due 2034 at 98.827% of the principal amount. The notes will be guaranteed by the company and certain subsidiaries, supporting general corporate purposes and investment opportunities.

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Agree Realty reported its first-quarter 2024 results, highlighting an introduction of 2024 AFFO per share guidance of $4.10 to $4.13. The company invested $140 million in 50 retail net lease properties, declared an April monthly dividend of $0.250 per common share, and increased its net income, Core FFO, and AFFO per share compared to the previous year. The CEO expressed confidence in achieving the 2024 AFFO per share guidance without deviating from the core strategy.
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Agree Realty (ADC) to release first quarter 2024 operating results on April 23, 2024, with a conference call scheduled for April 24, 2024. Interested parties can access the call via teleconference or webcast.
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Agree Realty (ADC) reports a 2.9% year-over-year growth with an annualized dividend of $3.00 per share. The Board of Directors authorizes a monthly cash dividend of $0.250 per common share, marking a 1.2% increase from the previous month. The Company also declares a monthly cash dividend for its Series A Cumulative Redeemable Preferred Stock.
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Agree Realty Corporation (ADC) announces a 2.9% increase in monthly cash dividend to $0.247 per common share, totaling $2.964 annually. The Company also declares a monthly dividend of $0.08854 per depositary share for its Series A Cumulative Redeemable Preferred Stock.
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FAQ

What is the current stock price of Agree Rlty (ADC)?

The current stock price of Agree Rlty (ADC) is $76.84 as of April 1, 2025.

What is the market cap of Agree Rlty (ADC)?

The market cap of Agree Rlty (ADC) is approximately 8.2B.

What is Agree Realty Corporation's core business?

Agree Realty Corporation focuses on acquiring, developing, and managing net lease retail properties across the United States, offering stable rental income through long-term lease agreements.

How does the company generate its revenue?

Revenue is primarily generated from rental income derived from net lease agreements with high-quality retail tenants, supported by strategic property acquisitions and developments.

How is Agree Realty Corporation different from other REITs?

Its fully integrated, self-managed business model and disciplined approach to asset selection help minimize risks and ensure steady performance, setting it apart from other REITs.

What strategies does the company use in its operations?

Agree Realty employs a mix of strategic acquisitions, technological innovation, and rigorous asset management to secure properties with long-term, stable income streams.

How diversified is its property portfolio?

The company boasts a geographically diversified portfolio, with properties across multiple states and a range of retail sectors, thereby reducing market-specific risks.

What types of tenants occupy its properties?

Agree Realty targets investment-grade retail tenants, including nationally recognized brands, which helps solidify its revenue stability and market position.

What role does technology play in Agree Realty's strategy?

Advanced real estate technology supports efficient property management, operational analysis, and market trend tracking, contributing to the company’s competitive advantage.

Why might investors consider Agree Realty Corporation?

Investors may find its stable income generation, robust portfolio, and disciplined acquisition strategy compelling in the context of long-term retail real estate investments.
Agree Rlty Corp

NYSE:ADC

ADC Rankings

ADC Stock Data

8.23B
105.30M
1.8%
112.24%
12.53%
REIT - Retail
Real Estate Investment Trusts
Link
United States
ROYAL OAK