Agree Realty Corporation
ADC-PA
New York Stock Exchange17.07
USD
-0.04
- -
CIK
0000917251
ISIN
US0084922097
CUSIP
008492209
Return %
Stock
S&P500
1Y
-1.90
26.53
3Y
-3.18
76.60
5Y
-32.21
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Joel N. Agree
- Full Time Employees
- 75
- Sector
- Real Estate
- Industry
- REIT - Retail
- Address
- 70 East Long Lake Road Royal Oak MI United States of America 48304
- IPO Date
- Sep 9, 2021
- CIK
- 0000917251
- Website
- agreerealty.com
- Similar Companies
- Business
- Agree Realty Corporation operates as a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, and management of retail properties net leased to industry-leading tenants across the United States. The company primarily focuses on single-tenant retail real estate, with a portfolio comprising approximately 2,603 properties spanning all 50 states and totaling about 54 million square feet of gross leasable space. These properties include well-known retail tenants such as Walmart, 7-Eleven, Wawa, Gerber Collision, and others. Agree Realty offers a fully integrated suite of services including property acquisition, development, leasing, and asset management, targeting retail sectors with long-term, net lease agreements that provide stable cash flows and growth opportunities. The company uses innovative development and acquisition strategies combined with adaptive real estate technology to maximize value for its stakeholders. Founded in 1971 by Richard Agree, the company is headquartered in Farmington Hills, Michigan, and began publicly trading on the New York Stock Exchange under the ticker symbol ADC in 1994. In recent years, Agree Realty has executed major strategic initiatives to strengthen its portfolio and financial position. In 2024, the company invested approximately $951 million in acquiring 242 retail net lease properties and commenced 25 development projects with a total committed capital of around $115 million. These acquisitions span 45 states and include a weighted-average lease term exceeding 10 years, with a majority of rents derived from investment-grade retail tenants. Notably, in 2025, Agree Realty closed a $350 million unsecured 5.5-year delayed draw term loan to enhance its balance sheet flexibility, supporting future portfolio growth. The company proactively raised about $1.1 billion of forward equity to maintain liquidity exceeding $2 billion, enabling sustained execution under varying economic conditions. Recent operational developments include sale-leaseback transactions with tenants, and ongoing capital structure management to optimize financial health and support growth via acquisitions and development. Agree Realty operates exclusively within the U.S. retail real estate market, serving top-tier national and regional retail tenants primarily under long-term net lease arrangements. Its portfolio diversification spans around 28 retail sectors including convenience stores, fitness centers, automotive services, and specialty retail. The company targets properties with stable revenue streams anchored by investment-grade tenants, with approximately 67% of annualized rents sourced from such tenants. With a market capitalization in the multi-billion dollar range, Agree Realty is recognized as one of the leading retail net lease REITs in the U.S., leveraging disciplined investment strategies and comprehensive real estate expertise. Subsidiary operations include its fully integrated development and asset management platforms, supported by an experienced management team led by CEO Joel Agree. Overall, Agree Realty Corporation exemplifies a focused, growth-oriented retail real estate investment trust. Its core activities encompass acquiring, developing, and managing single-tenant retail properties with leading brand tenants, primarily in the United States. Recent strategic actions including significant capital raising, loan financing, and active portfolio expansion through acquisitions and developments underscore the company's robust platform and adaptability in a dynamic market environment. The company’s headquarters is located in Farmington Hills, Michigan, and it continues to pursue disciplined growth underpinned by strong tenant relationships and operational execution. This comprehensive corporate profile reflects Agree Realty Corporation's ongoing evolution and industry leadership as of late 2025, supported by its substantial portfolio, strategic capital management, and long-standing market presence.