Latest news with #AgreeRealtyCorporation
Business Wire
19 hours ago
- Business
- Business Wire
Agree Realty Announces the Addition of Kirk Klatt as Vice President of Leasing
ROYAL OAK, Mich.--(BUSINESS WIRE)--Agree Realty Corporation (NYSE: ADC) (the 'Company') today announced that Kirk Klatt has joined the Company as Vice President of Leasing. Mr. Klatt will be responsible for leading the Company's leasing function and management of key retailer relationships. Mr. Klatt has over 20 years of real estate leasing, acquisition, and operational experience. Previously, he served as Senior Vice President of Real Estate at NETSTREIT Corp. (NYSE: NTST), where he spent approximately 14 years and managed the transaction, leasing, diligence, development and asset management functions. He was one of three members on NTST's Investment Committee. 'I'm extremely pleased to welcome Kirk to our Team,' said Joey Agree, President and Chief Executive Officer. 'His many years of net lease operational and leasing expertise will serve as an additional asset as we continue to scale our portfolio and bolster our strategic relationships.' About Agree Realty Corporation Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of June 30, 2025, the Company owned and operated a portfolio of 2,513 properties, located in all 50 states and containing approximately 52.0 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol 'ADC'. For additional information on the Company and RETHINKING RETAIL, please visit
Business Wire
7 days ago
- Business
- Business Wire
Agree Realty Achieves A- Credit Rating From Fitch Ratings
ROYAL OAK, Mich.--(BUSINESS WIRE)--Agree Realty Corporation (NYSE: ADC) (the 'Company') today announced that Fitch Ratings ('Fitch') has assigned the Company an A- issuer rating with a stable outlook. According to Fitch's press release, the A- issuer rating reflects the Company's superior tenant credit quality with a focus on investment grade tenants as well as tenants whose products are less exposed to e-commerce or who have successfully adapted omnichannel strategies. In addition, Fitch noted the Company's sector-leading access to capital and prudent balance sheet management with healthy liquidity and a well-laddered debt maturity profile with minimal near-term maturities. 'This achievement is a significant milestone that further validates the highly disciplined and conservative manner in which we have grown the Company,' said Peter Coughenour, Chief Financial Officer. 'We are now one of only 13 publicly listed U.S. real estate investment trusts that have an A- credit rating equivalent or better. It is a testament to the efforts of our outstanding team, as they have worked to construct a best-in-class portfolio and sector-leading balance sheet while investing over $10 billion since the inception of our acquisition platform fifteen years ago.' About Agree Realty Corporation Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of June 30, 2025, the Company owned and operated a portfolio of 2,513 properties, located in all 50 states and containing approximately 52.0 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol 'ADC'. For additional information on the Company and RETHINKING RETAIL, please visit
Business Wire
10-07-2025
- Business
- Business Wire
Agree Realty Declares Monthly Common and Preferred Dividends
ROYAL OAK, Mich.--(BUSINESS WIRE)--Agree Realty Corporation (NYSE: ADC) (the 'Company') today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.256 per common share. The monthly dividend reflects an annualized dividend amount of $3.072 per common share, representing a 2.4% increase over the annualized dividend amount of $3.00 per common share from the third quarter of 2024. The dividend is payable August 14, 2025 to stockholders of record at the close of business on July 31, 2025. Additionally, the Company's Board of Directors has authorized, and the Company has declared, a monthly cash dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share, which is equivalent to $1.0625 per annum. The dividend is payable August 1, 2025 to stockholders of record at the close of business on July 22, 2025. About Agree Realty Corporation Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of March 31, 2025, the Company owned and operated a portfolio of 2,422 properties, located in all 50 states and containing approximately 50.3 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol 'ADC'. For additional information on the Company and RETHINKING RETAIL, please visit
Yahoo
10-07-2025
- Business
- Yahoo
Agree Realty Corporation (ADC): A Bull Case Theory
We came across a bullish thesis on Agree Realty Corporation on by mm202. In this article, we will summarize the bull's thesis on ADC. Agree Realty Corporation's share was trading at $72.35 as of June 27th. ADC's trailing and forward P/E were 40.88 and 38.61, respectively, according to Yahoo Finance. Aerial city skyline highlighting a large modern office building owned by the REIT. Agree Realty (NYSE: ADC) is a high-conviction net lease REIT specializing in necessity-based, e-commerce-resistant single-tenant retail properties across 49 U.S. states. With 2,422 assets, ADC focuses on grocery, convenience, auto service, and home improvement retailers, underpinned by triple-net lease structures that transfer most operating costs to tenants, ensuring stable and predictable returns. Its disciplined three-pronged growth strategy—acquisitions, development, and structured developer funding—emphasizes credit quality and long-term cash flow. In Q1 2025, ADC delivered strong results with 24% YoY revenue growth and 3.9% AFFO growth, reaffirming full-year guidance and raising its monthly dividend to $0.256/share (~4.1% yield). The REIT boasts a fortress balance sheet with $2.2B in liquidity, investment-grade ratings, and no major debt maturities until 2028, giving it exceptional financial flexibility. While trading at a ~17.5× AFFO multiple—above peers—ADC justifies its premium via superior tenant quality (68% investment-grade rent), low leverage (<5× net debt/EBITDA), and consistent execution. Unlike peers that diversify into riskier formats, ADC maintains focus on resilient sectors and avoids volatile categories like fitness or theaters. In Q1 alone, the firm invested $346.5 million at a 7.2% cap rate, far exceeding its cost of capital and underscoring its strategic edge. Risks include interest rate sensitivity, tenant shifts, execution missteps, and potential equity dilution, though ADC's track record inspires confidence. Near-term catalysts include continued acquisitions, dividend increases, and potential multiple rerating as investors increasingly reward quality. ADC stands out not just for growth, but for compounding high-quality cash flows with precision, making it a durable, low-volatility income play in the REIT universe. Previously, we covered a on Simon Property Group, Inc. (SPG) by David in April 2025, which highlighted the company's conservative capital structure, resilient luxury-anchored tenant base, and strong free cash flow. The company's stock price has appreciated by approximately 8.05% since our coverage. This is because the dividend-driven strategy played out well. The thesis still stands as SPG remains defensively positioned within premium retail. MM202 shares a similar outlook but emphasizes ADC's necessity-focused tenant mix and best-in-class balance sheet. ADC isn't on our list of the 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the risk and potential of ADC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Business Wire
30-06-2025
- Business
- Business Wire
Agree Realty Announces Second Quarter 2025 Earnings Release Date and Conference Call Information
ROYAL OAK, Mich.--(BUSINESS WIRE)--Agree Realty Corporation (NYSE: ADC) (the 'Company') today announced that it will release its second quarter 2025 operating results after the market closes on Thursday, July 31, 2025. A conference call to discuss the Company's operating results is scheduled for Friday, August 1, 2025 at 9:00 AM ET. Interested parties and shareholders may access the call via teleconference or webcast: To participate, please dial-in or log-on at least five minutes prior to the scheduled time. A live webcast of the conference call will also be available through the Company's website. To access, log-on to and go to the Investors section five minutes prior to the call. A replay of the conference call webcast will be archived and available online through the Investors section of About Agree Realty Corporation Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of March 31, 2025, the Company owned and operated a portfolio of 2,422 properties, located in all 50 states and containing approximately 50.3 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol 'ADC'. For additional information on the Company and RETHINKING RETAIL, please visit
