Agree Realty

Agree Realty Corp. is a real estate investment trust, which focuses on the ownership, development, acquisition, and management of retail properties net leased to national tenants. It specializes in acquiring and developing net leased retail properties for retail tenants. The company was founded by Richard Agree in 1971 and is headquartered in Bloomfield Hills, MI.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Agree Realty (ADC) reports record 2022 performance amidst market challenges

Agree Realty (ADC) had a strong performance in 2022, maintaining high occupancy rates, increasing dividends, and managing expenses effectively.
The company faces challenges in managing leverage, dealing with reduced transactional volume, and potential bankruptcies in retail sectors.
Opportunities lie in pursuing multi-tenant deals, securing better terms in acquisitions, and benefiting from favorable market conditions.
Overall, ADC's defensive portfolio, strong balance sheet, and strategic positioning position the company well for future growth and value creation.

Agree Realty (ADC) raises 2023 acquisition guidance amidst retail challenges

Agree Realty (ADC) is off to a strong start in 2023, focusing on strategic acquisitions and technology investments. While maintaining a robust balance sheet, the company faces challenges in navigating post-COVID retail uncertainties. ADC is poised to capitalize on sale-leaseback opportunities and pursue growth in single-tenant retail.

Agree Realty (ADC) reports robust Q2 performance amidst financing challenges

Agree Realty demonstrated financial strength and operational resilience in Q2 2023, maintaining high occupancy rates and expanding its property portfolio. While facing challenges in financing and development partnerships, the company remains focused on sustainable growth and seizing opportunities in a dynamic market environment.

Agree Realty (ADC) reports robust Q3 performance amidst market challenges

Agree Realty (ADC) delivered strong financial performance in Q3, with increased dividends and steady cost management.
The company's focus on investment-grade tenants and ESG initiatives positions it well for sustainable growth.
While facing challenges from rising rates and market dynamics, ADC's disciplined strategy presents opportunities for strategic acquisitions.
Overall, ADC remains resilient in navigating market challenges and capitalizing on growth prospects in the real estate sector.

Agree Realty excels in disciplined investments amidst market challenges

Agree Realty had a strong performance in 2023, focusing on high-quality retail properties and disciplined investments.
The company's strengths lie in its stable balance sheet, strategic reduction of exposure, and strong debt strategy.
Challenges include a fragmented buyer pool, cautious approach to certain sectors, and an expected decrease in transaction volume.
Opportunities exist in selling assets, redeploying capital, and leveraging retailer expansion in discount spaces for growth.

Agree Realty (ADC) reports robust Q1 performance amidst market challenges

Agree Realty demonstrates strong financial performance and strategic focus on AFFO growth, supported by a robust balance sheet and positive lease dynamics.
Management's confidence in consistent earnings growth and ability to execute acquisitions without external capital raise underpin operational strength.
Challenges in financing environment and market uncertainties require strategic adaptation, while unique opportunities and active portfolio management offer avenues for growth.
Overall, Agree Realty's Q1 earnings call highlights a resilient performance amidst challenges, with a focus on seizing growth opportunities and optimizing portfolio value.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Agree Realty Corp. is a real estate investment trust, which focuses on the ownership, development, acquisition, and management of retail properties net leased to national tenants. It specializes in acquiring and developing net leased retail properties for retail tenants. The company was founded by Richard Agree in 1971 and is headquartered in Royal Oak, MI.

Clearway Energy

ONEOK

Vici Properties

Verizon

Many high-quality stocks yield over 5%. These companies generate very steady cash flow, giving them the funds to pay dividends and grow their businesses.

5 Dividend Stocks Yielding Over 5% to Buy Now for a Potential Lifetime of Income

Mid-America Apartment Communities

Realty Income Corp

Rexford Industrial Realty

The preliminary team matchups for NCAA's March Madness have been released, sparking excitement for college basketball fans. The article highlights the legacy of the Fab Five, the 1991 University of Michigan men's basketball team, and their impact on the sport. In this article, we present the "Fab Five" REIT picks, including VICI Properties, Realty Income, Rexford Industrial Realty, Agree Realty, and Mid-America Apartment Communities, as resilient and high-performing investment options.

March Madness: The Fab 5 REITs

Agree Realty's common shares have seen a 20% decline over the past year, making them an attractive investment at 13.9x its fiscal 2023 fourth quarter annualized AFFO. The retail REIT reported a 5.2% growth in fourth-quarter AFFO and covered its monthly cash dividend by 135%. ADC's portfolio consists of high-quality properties with a 99.8% occupancy rate and a significant portion of annualized base rent derived from investment grade retail tenants.

Agree Realty: Why I Bought The 5.3% Yielding Commons

Alliance Resource Partners

B2Gold

Chevron

Dine Brands Global

Philip Morris

In an ecosystem of high interest rates, targeting high-yield dividend stocks to buy might seem risky. After all, why bother dealing with the volatility of publicly traded businesses when you can buy safe, secure government bonds?

Uncertain Times Call for Certain Yields: 7 High-Yield Dividend Stocks to Buy Now

AGNC Investment

Digital Realty Trust

Innovative Industrial Properties

Medical Properties Trust

ProShares S&P MidCap 400 Dividend Aristocrats ETF

AT&T

Millions of Americans will get money back from Uncle Sam. They'll use it for entertainment, to pay down high-interest debt, build an emergency fund, pay their future selves in a retirement account, save for college, or even take the family away for a bit.

From Refund to Riches: 7 Stocks to Invest Your Tax Return Like a Pro

National Retail Properties

Realty Income is a net lease REIT giant with an attractive yield. NNN REIT is a reliable dividend payer with a business approach in the net lease space that has worked well for years.

3 REIT Stocks to Buy Hand Over Fist in March

Essential Properties Realty Trust Inc

Realty Income is overrated. Some of its peers offer far better risk-to-reward. I highlight three of my favorite net lease REITs to buy today.

Forget Realty Income And Buy These 3 REITs Instead

American Tower

REITs have access to capital and are acquiring assets, making it a good time to invest. REITs historically rebound when interest rates pivot and have the potential for rent growth. Realty Income, Agree Realty, VICI Properties, Essential Properties Trust, and American Tower are strong picks for long-term growth and income.

This Could Be The Best Time In My Lifetime To Buy REITs

Apple

Ares Commercial Real Estate

NVIDIA

Prologis

Simon Property Group

Walgreens

Real Estate Select Sector SPDR Fund

Dividend stocks, particularly REITs, have underperformed the broader market due to interest rate hikes. The suppressed share prices of REITs present a short-lived opportunity for dividend investors to take advantage of. Investing in high-quality companies with strong fundamentals is important for long-term success in the dividend investing strategy.

Why Dividend Investors Should Be Smiling

Alexandria Real Estate Equities

Crown Castle International

Extra Space Storage

Public Storage

T-Mobile US

Vanguard Real Estate ETF

Walmart

There are rare REITs that I expect to hold forever. These REITs have consistently outperformed over the long run. Here are 5 Forever REITs to buy your portfolio with.

5 Forever REITs To Build A Portfolio

Agree Realty has fallen into discount territory following the aggressive interest rate hikes. Valuation suggests the price currently trades at a 20% discount to fair value. ADC operates as a net lease REIT focused on retail properties with national and recession-resistant tenants. The dividend yield is over 5% and has been consistently raised since 2012. The payout ratio is only 75%.

Agree Realty: Better Growth Prospects Than Realty Income

Federal Realty Investment Trust

Wise investors know the value of dependable real estate investment trusts (REITs). They remain one of the best ways to strengthen a portfolio and generate consistent income.

3 Top REITs to Strengthen Your Portfolio in Q1

Intel

Iovance Biotherapeutics

One of the best ways to spot potential opportunities is by paying close attention to insider buying stocks. After all, it's the insiders, such as the CEOs, CFOs and directors, that know their company the best.

3 Stocks Flashing Recent Insider Buying Signals

EPR Properties

Global Net Lease

Sachem Capital

I love sharing my experience as a real estate developer and the lessons learned. Today I want to highlight a few of these missteps and what I learned. As my wealthy friend told me, the “raised nail gets hammered”.

Lesson Learned: The Raised Nail Gets Hammered

Agree Realty is a top REIT investment option with a strong management team and a focus on investment-grade tenants in the retail segment. The company has shown meaningful growth in net income, FFO, and AFFO, as well as growing its portfolio at attractive spreads. Shareholders get paid a growing monthly dividend that's well-covered by an AFFO payout ratio of 73.9%, below management's 75-85% target range.

Agree Realty: Strong Performance In Q4, Good Financial Position (Rating Upgrade)

Alexandria Real Estate Equities is a major owner of life sciences lab and office space. Agree Realty makes its living as a landlord to a laundry list of major retailers.

2 Real Estate Dividend Stocks You Can Buy and Hold for the Next Decade

Bristol-Myers

Medifast

OGE Energy

Every month we look at companies that are delivering not only a solid dividend yield but also showing a trend of growing dividends. Companies that can consistently deliver dividend growth due to rising earnings can generate long-term wealth. February 2024's dividend screening article gives us a look at some familiar names but two new names we haven't discussed before.

February's 5 Dividend Growth Stocks With 4.75%+ Yields

Copa Hlds

Travelers

Wells Fargo

Sponsored: Tips for Investing A financial advisor can help you understand the advantages and disadvantages of investment properties.

5 Analyst Best Stock Picks from Wall Street for 2024 That Pay Dividends

I like telling personal stories so that I can help my readers benefit from these lessons learned. I want to emphasize the importance of acknowledging human fallibility. Had it not been for my failures, I would have never grasped the importance of due diligence and vetting skilled management.

Adversity Is Bitter, But Its Uses May Be Sweet

Agree Realty Corporation (ADC) Q4 2023 Earnings Call Transcript

Boston Properties

Chatham Lodging Trust

W. P. Carey

REITs have experienced a significant decline so far in 2024, with Triple Net Lease REITs falling more than others. The higher interest rate sensitivity of Triple Net Lease REITs is one reason for their larger decline.

3 Buy Alerts: Triple Net REITs Are Falling Like Ninepins

While the top- and bottom-line numbers for Agree Realty (ADC) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Agree Realty (ADC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Fourth Quarter ATM Activity Creates $500 Million of Leverage Neutral Investment Capacity ROYAL OAK, Mich. , Feb. 13, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter and full year ended December 31, 2023.

Agree Realty Corporation Reports Fourth Quarter and Full Year 2023 Results

W. P. Carey Inc.'s dividend cut still stings, but the portfolio is one of the most attractive in the market. Agree Realty Corporation has one of the best balance sheets, but rent growth should be extremely muted. We weigh the two against each other and tell you where we stand.

W. P. Carey Vs. Agree Realty: Hell Hath No Fury Like An Income Investor Scorned

Evaluate the expected performance of Agree Realty (ADC) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Insights Into Agree Realty (ADC) Q4: Wall Street Projections for Key Metrics

News for Agree Realty Stock (ADC)