| Market Capitalization (Millions $) |
8,743 |
| Shares
Outstanding (Millions) |
120 |
| Employees |
90 |
| Revenues (TTM) (Millions $) |
750 |
| Net Income (TTM) (Millions $) |
220 |
| Cash Flow (TTM) (Millions $) |
20 |
| Capital Exp. (TTM) (Millions $) |
1,491 |
Business Description
Agree Realty Corporation is a publicly traded real estate investment trust (REIT) that specializes in acquiring and developing properties and leasing them to retail tenants. The company was founded in 1971 and is headquartered in Bloomfield Hills, Michigan.
Agree Realty's primary focus is on properties that are leased to tenants in the retail industry, including stores, supermarkets, restaurants, and other businesses that serve the general public. These properties are typically located in densely populated markets and are anchored by strong national or regional brands.
The company's portfolio consists of more than 1,000 properties located in 47 states and Puerto Rico, with a total gross leasable area of over 22 million square feet. The properties in its portfolio are leased to more than 300 tenants, including Walmart, Walgreens, Dollar General, and CVS.
Agree Realty's investment strategy is focused on acquiring and developing properties that are expected to generate steady and predictable cash flow over the long-term. The company's growth strategy includes both organic growth through the development of new properties and acquisitions of existing properties.
The company has a conservative financial strategy, with a low debt-to-equity ratio and a strong balance sheet. The company's debt is primarily fixed-rate and long-term, which helps to mitigate interest rate risk and improve its cash flow stability.
Agree Realty is committed to sustainability and environmental stewardship. The company has a dedicated sustainability program that focuses on reducing energy consumption, water usage, and greenhouse gas emissions at its properties. The company also works with tenants to promote sustainable practices, such as installing energy-efficient lighting and HVAC systems.
In conclusion, Agree Realty Corporation is a leading real estate investment trust that specializes in acquiring and developing properties leased to retail tenants. The company has a strong track record of performance and a conservative financial strategy, and is committed to sustainability and environmental stewardship.
Company Address: 32301 Woodward Avenue Royal Oak 48073 MI
Company Phone Number: 737-4190 Stock Exchange / Ticker: NYSE ADC
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