While the top- and bottom-line numbers for Agree Realty (ADC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Agree Realty (ADC) came out with quarterly funds from operations (FFO) of $1.04 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to FFO of $0.98 per share a year ago.
The REIT sector being down over the past 2 years created buying opportunities not only for investors, but for management teams (insiders) as well. Insider buying in REITs like Agree Realty and Armada Hoffler Properties indicates the REITs could be potentially undervalued. ADC's share price appreciation may make them seem overvalued, but both Armada Hoffler Properties & Agree Realty may still be considered undervalued for long-term investors.
The S&P 500 is near all-time highs, and its yield is a paltry 1.3% or so. Agree Realty's dividend has increased at an attractive 6% clip during the past decade and is yielding 4.6%.
Real Estate Investment Trusts, or REITs, are an asset class allowing investors to gain real estate exposure without buying properties. Investors could be interested in REITs for many reasons, but the most likely one is elevated dividend yields.
The stock market was enthusiastic about potential rate cuts after the latest CPI report showed inflation cooling. REITs are likely poised for further upside post rate cuts. I share two REIT picks with double-digit upside by the end of 2024.
Medtronic is a giant medical technology company that has raised its dividend payout for 47 years consecutive years. As a successful net lease REIT, Agree Realty has raised its dividend payout by 34% over the past five years.
Agree Realty is a fast-growing net lease REIT. Its yield is 4.7%, well above the market and higher than the average REIT.
I have made a lot of money investing in REITs. But I have also had to learn some lessons the hard way. Here are 5 things that I wish I knew before investing in REITs.
Agree Realty has gradually increased its monthly distributions. Furthermore, Agree Realty derives steady income from well-established renters.
Many REITs talk about Weighted Average Cost of Capital, or WACC. We look at three of them, from the Net Lease sector. While WACC is of some use empirically, it is Return On Equity that matters more.
Betting on high-yield REIT investments can prove remarkably lucrative over time. These businesses stand out in the investment world because they are obligated to return 90% of their taxable income to shareholders in the form of dividends.