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) announced a monthly cash dividend of $0.240 per common share, marking a 5.7% increase from the $2.724 annual dividend in Q1 2022. This reflects an annualized amount of $2.880 per share, payable on March 14, 2023, to shareholders on record by February 28, 2023. Additionally, a monthly dividend of $0.08854 per depositary share on its 4.25% Series A Cumulative Redeemable Preferred Stock is set for March 1, 2023. Shareholders should note the company’s steady performance amidst changing retail dynamics.
Agree Realty Corporation (NYSE: ADC) announced a monthly cash dividend of $0.240 per common share, marking a 5.7% increase from the previous year's annualized amount of $2.724. This results in an annualized dividend of $2.880. The dividend is scheduled for payment on February 14, 2023 to shareholders of record by January 31, 2023. Additionally, a monthly dividend of $0.08854 per preferred share will be payable on February 1, 2023 to shareholders of record by January 23, 2023.
Agree Realty Corporation (NYSE: ADC) announced it will release its fourth quarter and full year 2022 operating results on February 14, 2023, after market close. A conference call is scheduled for February 15, 2023, at 9:00 AM ET to discuss these results. Interested parties can join via teleconference or webcast. As of December 31, 2022, the company owned 1,839 properties with approximately 38.1 million square feet of gross leasable area. For more information, visit www.agreerealty.com.
Agree Realty Corporation (NYSE: ADC) announced a record investment activity of $1.71 billion in 2022, with acquisitions totaling $1.59 billion. The portfolio includes 465 properties across 43 states, primarily leased to investment-grade tenants. In Q4 2022, acquisition volume reached $404.9 million. The company has a robust liquidity profile of approximately $1.5 billion as of year-end 2022. CEO Joey Agree emphasized continued discipline in capital deployment amid economic uncertainties.
Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.240 per common share, marking a 5.7% increase from the previous annualized amount of $2.724. The annualized dividend now stands at $2.880, payable on January 13, 2023, to stockholders on record by December 30, 2022. Additionally, a dividend of $0.08854 per share on its 4.25% Series A Cumulative Redeemable Preferred Stock is declared, payable January 3, 2023, for stockholders recorded by December 23, 2022.
Agree Realty Corporation (NYSE: ADC) declared a monthly cash dividend of $0.240 per common share, marking a 5.7% increase over the prior year's annualized dividend. This brings the annualized amount to $2.880 per share, payable on December 14, 2022 to shareholders on record as of November 30, 2022. Additionally, a monthly dividend of $0.08854 per preferred share is set for December 1, 2022, to shareholders on record as of November 21, 2022.
Agree Realty Corporation (ADC) reported Q3 2022 results with net income at $37.6M, a 3.3% increase YoY, yet a decrease in net income per share by 11.1% to $0.46. Core FFO rose 22.2% to $78.2M, with per share growth of 5.6% to $0.97. Adjusted Funds from Operations (AFFO) also saw a 24.8% increase to $77.6M. The company increased its acquisition guidance for 2022 to $1.6B, raising over $800M through various capital markets transactions. Monthly dividends were declared at $0.240, reflecting a 5.7% YoY increase.
Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.240 per common share, a 2.6% increase from the previous month. This translates to an annualized dividend of $2.880 per common share, reflecting a 5.7% rise over the previous year. The dividend is payable on November 14, 2022, to stockholders of record by October 31, 2022. Additionally, a dividend of $0.08854 per share has been authorized for the 4.25% Series A Cumulative Redeemable Preferred Stock, payable November 1, 2022, to stockholders of record by October 24, 2022.
Agree Realty Corporation (NYSE: ADC) will release its third quarter operating results on November 1, 2022, after market close. A follow-up conference call is scheduled for November 2, 2022, at 9:00 AM ET, accessible via teleconference or webcast. As of June 30, 2022, the Company manages a portfolio of 1,607 properties across the continental U.S., totaling approximately 33.8 million square feet of gross leasable area. This event marks an important opportunity for investors to gain insights into the Company's performance.
Agree Realty Corporation (NYSE: ADC) has successfully completed a public offering of 5,750,000 shares of its common stock, including the full exercise of underwriters' options. The offering price was $66.85 per share. The offering was facilitated by Morgan Stanley and Citigroup. The company intends to use the net proceeds for general corporate purposes such as property acquisitions and development, and repayment of debt under its revolving credit facility. However, no proceeds have been received yet, as shares will be settled by September 29, 2023.
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