Agree Realty Corporation (ADC.PR.A)

Overview

Agree Realty Corporation stands out as a distinct entity in the real estate sector with its focus on RETHINKING RETAIL. This publicly traded real estate investment trust (REIT) specializes in the acquisition and development of properties that are net leased to a strategic selection of omni-channel retail tenants. As of December 31, 2023, Agree Realty Corporation has built an expansive portfolio, owning and operating 2,135 properties across 49 states, which cumulatively encompasses approximately 44.2 million square feet of gross leasable area. Reflecting its stature and trust within the market, the Company's common stock proudly trades on the New York Stock Exchange under the symbol ADC.

Products and Services

• Acquisition of Properties

Agree Realty Corporation excels in strategically acquiring commercial properties that are primarily net leased to top-tier retail tenants. These acquisitions are meticulously selected to ensure they align with the company's mission of redefining retail landscapes and delivering sustainable returns on investment.

• Development of Properties

Aside from acquisitions, Agree Realty Corporation undertakes the development of new properties, focusing on the creation of spaces that cater to the evolving needs of omni-channel retailers. This involves a careful planning and execution process to produce high-quality, strategically located retail environments aimed at enhancing consumer experiences.

• Net Lease Agreements

A core component of Agree Realty's business model is structuring net lease agreements. These agreements are favorable for both the company and its tenants, providing long-term occupancy solutions for retailers while ensuring steady, reliable income streams for the corporation through rent payments that typically include coverage for property taxes, insurance, and maintenance expenses.