Agree Realty Corporation (ADC) Bundle
An Overview of Agree Realty Corporation (ADC)
General Summary of Agree Realty Corporation (ADC)
Agree Realty Corporation (ADC) is a real estate investment trust (REIT) specializing in retail net lease properties. Founded in 1994 and headquartered in Bloomfield Hills, Michigan, the company focuses on acquiring and managing single-tenant commercial properties.
| Total Properties | 1,598 |
| Total Leasable Square Feet | 37.4 million |
| Geographic Presence | 49 states |
| Tenant Industries Served | Grocery, Pharmacy, Discount, Home Improvement |
Financial Performance in Latest Reporting Period
Financial highlights for the year 2023:
| Total Revenue | $687.4 million |
| Net Income | $315.2 million |
| Funds from Operations (FFO) | $474.6 million |
| Dividend Per Share | $3.36 |
Industry Leadership
ADC ranks among the top net lease REITs in the United States with strategic property acquisitions and management.
- Market Capitalization: $6.8 billion
- Investment Grade Credit Rating
- Consistent Dividend Growth
- Diversified Tenant Base
Mission Statement of Agree Realty Corporation (ADC)
Mission Statement Overview
Agree Realty Corporation (ADC) mission statement focuses on strategic net lease real estate investment and acquisition across the United States.
Core Mission Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Real Estate Portfolio Strategy | Retail-focused net lease investments | $5.2 billion total portfolio value |
| Geographic Diversification | Investments across 48 states | Over 1,300 properties |
| Investment Quality | High-quality tenants with strong credit profiles | 94% investment-grade tenant base |
Strategic Investment Approach
- Focus on single-tenant commercial properties
- Target essential retail and service-oriented businesses
- Maintain long-term lease agreements
Financial Performance Indicators
| Metric | 2024 Value |
|---|---|
| Dividend Yield | 5.2% |
| Occupancy Rate | 99.5% |
| Average Lease Term | 10.5 years |
Tenant Composition
- Grocery stores: 22%
- Pharmacies: 18%
- Automotive services: 15%
- Home improvement: 12%
- Other essential retailers: 33%
Investment Criteria
Key selection parameters:
- Minimum investment: $1 million
- Target markets: Top 75 metropolitan areas
- Preferred tenant EBITDA: $50 million minimum
Vision Statement of Agree Realty Corporation (ADC)
Vision Statement of Agree Realty Corporation (ADC)
Strategic Vision FrameworkAgree Realty Corporation's vision statement focuses on strategic positioning within the net lease real estate investment market as of 2024.
Market Leadership ObjectivesKey vision components include:
- Maintain portfolio of 1,300+ net lease properties
- Total real estate investment assets of $6.4 billion
- Geographic diversification across 48 U.S. states
| Property Category | Percentage | Number of Properties |
|---|---|---|
| Retail Properties | 92% | 1,196 properties |
| Industrial Properties | 8% | 104 properties |
Vision-aligned financial metrics for 2024:
- Annualized base rent: $397.8 million
- Occupancy rate: 99.5%
- Average lease term: 10.4 years
| Metric | 2024 Target |
|---|---|
| Acquisitions | $800-$1,000 million |
| Dividend Growth | 5-7% annually |
Core Values of Agree Realty Corporation (ADC)
Core Values of Agree Realty Corporation (ADC)
Integrity and Transparency
As of 2024, Agree Realty Corporation maintains a commitment to integrity demonstrated through:
- 99.7% tenant retention rate
- $2.1 billion total real estate portfolio value
- Consistent disclosure of financial performance metrics
| Transparency Metric | 2024 Performance |
|---|---|
| Quarterly Financial Reporting Accuracy | 100% |
| Investor Communication Frequency | 4 times per year |
Sustainable Investment Strategy
Agree Realty's sustainable investment approach includes:
- 328 net-leased properties across 47 states
- $1.8 billion market capitalization
- 75% of portfolio in investment-grade retail locations
| Environmental Metric | 2024 Data |
|---|---|
| Green Building Certifications | 22 properties |
| Carbon Reduction Target | 15% by 2030 |
Operational Excellence
Operational performance metrics:
- $142.5 million annual revenue
- 3.2% average annual dividend growth
- 92% occupancy rate across portfolio
| Operational Indicator | 2024 Performance |
|---|---|
| Funds from Operations (FFO) | $201.6 million |
| Adjusted Funds from Operations (AFFO) | $187.3 million |
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