Agree Realty Corporation (ADC) Q3 2024 Earnings Call Transcript
Agree Realty Corporation (NYSE:ADC ) Q3 2024 Earnings Conference Call October 23, 2024 9:00 AM ET Company Participants Joey Agree - President & CEO Peter Coughenour - CFO Reuben Treatman - Senior Director of Corporate Finance Conference Call Participants Nick Joseph - Citi Brad Heffern - RBC Capital Markets Ronald Kamdem - Morgan Stanley Eric Borden - BMO Capital Markets John Kilichowski - Wells Fargo Linda Tsai - Jefferies RJ Milligan - Raymond James Joshua Dennerlein - Bank of America Michael Goldsmith - UBS Rob Stevenson - Janney Capital Markets Ravi Vaidya - Mizuho Securities Spenser Allaway - Green Street Upal Rana - KeyBanc Capital Markets Operator Good morning and welcome to the Agree Realty Third Quarter 2024 Conference Call. All participants will be in listen-only mode.
Agree Realty (ADC) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for Agree Realty (ADC) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Agree Realty (ADC) Meets Q3 FFO Estimates
Agree Realty (ADC) came out with quarterly funds from operations (FFO) of $1.03 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $1 per share a year ago.
If I Could Only Buy 3 REITs For The Next Year
Today's market environment is evolving very rapidly. It is time to review our Top Picks for 2025. Here are 3 REITs to buy for the next year.
Unlocking Q3 Potential of Agree Realty (ADC): Exploring Wall Street Estimates for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Agree Realty (ADC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Wakeup Call - It's Time To Buy High-Yield Dividends
The market is experiencing robust earnings growth, low inflation, and solid GDP figures, leading many to feel bullish despite underlying economic challenges. While valuations are high, investors are banking on an "immaculate soft landing" for growth, making high-quality dividend stocks an attractive choice. I'm gradually shifting my focus to high-yield dividend stocks, anticipating better risk/reward scenarios compared to the S&P 500 in the coming years.
Should You Buy Agree Realty (ADC) Ahead of Earnings?
Agree Realty (ADC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Yields Up To 9%: 3 REITs To Buy For 2025
Interest rates are now headed to lower levels. But REITs still offer up to 9% dividend yields. I highlight three of my favorite high yielding REITs for 2025.
U.S. REITs Log Dip In Short Interest In September
Average REIT short interest fell 8 basis points in September to 3.7% of shares outstanding, per S&P Global Market Intelligence data. The hotel sector followed with a 60-basis point drop, while the office sector remained the most-shorted at 5.3% of shares outstanding. Wheeler Real Estate Investment Trust logged the largest increase in short interest, up 16 percentage points to 32.4% of shares outstanding.
Resolving Dilemma Between Realty Income And Agree Realty
Realty Income and Agree Realty are structurally similar REITs with a strong focus on the net lease retail segment and very defensive fundamentals. Yet, as a durable income investor, who seeks to maximize yield, while keeping the dividend cut risk limited, I have decided to include only one of them in my portfolio. In this article, I compare ADC and O side by side, elaborating on the key aspects, which, in my opinion, substantiate bullish views on both of them.
3 Of The Biggest Lessons Of My 30+ Year Investing Career
My career in real estate development taught me the importance of analyzing financial statements and identifying durable competitive advantages, much like stock investing. Transparency is crucial; my bad experience with a dishonest business partner led me to prefer REITs over private real estate for their corporate governance and audited reports. Avoid highly specialized properties; focus on "fungible" boxes like those owned by Agree Realty, which offer better tenant replacement potential and lower rental rates.
Hard To Imagine Retirement Portfolio Without These 2 Blue Chips, Part 2
It would be fair to assume that usually when it comes to retirement investing, attractive yield and defense are two aspects that dominate investment decisions. If these two aspects have to be in place, there are not that many businesses or securities where to invest. In the previous or Part 1 article, I highlighted BXSL and EPD as two suitable products for defensive income investors.
