ADC
- Agree Realty Corporation
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Overview
Company Summary
Agree Realty Corporation (ADC) is a real estate investment trust (REIT) that primarily focuses on providing real estate solutions to retailers across the United States. Operating since 1971, ADC specializes in acquiring, developing, and managing properties in the retail sector.
The company's core business model revolves around acquiring long-term, net-leased properties from various retail tenants. These net leases typically require the tenants to be responsible for property expenses such as taxes, insurance, and maintenance, thereby minimizing the property-related costs borne by ADC. Additionally, most of ADC's leases have fixed rental rate increases or periodic rent adjustments, providing stable and predictable income streams.
Agree Realty's portfolio predominantly consists of properties located in strategic locations near high-traffic areas, such as major roads, suburban areas, and densely populated regions. Their properties span across various sectors of the retail industry, including essentials (grocery stores, pharmacies), quick-service restaurants, and essential service providers.
The company actively identifies and evaluates potential asset acquisitions and development opportunities that align with their investment criteria. ADC maintains strong relationships with national, regional, and local retailers, enabling them to develop an extensive pipeline of potential property acquisition and development projects.
Agree Realty focuses on both growth and maintaining a diversified portfolio. It continually seeks new investment opportunities to expand its property holdings and generate attractive returns for its shareholders. Through acquisitions, development projects, and proactive asset management, the company aims to enhance the value of its portfolio over time.
In summary, Agree Realty Corporation is a real estate investment trust specializing in retail properties. Their primary objective is to acquire, develop, and manage properties with long-term net leases to retailers across the United States.