Mission Statement, Vision, & Core Values of Agree Realty Corporation (ADC)

Are you curious about what drives a leading real estate investment trust like Agree Realty Corporation (ADC)? With a portfolio of 2,370 properties across all 50 states and approximately 49 million square feet of gross leasable space as of December 31, 2024, ADC's mission is to provide exceptional real estate solutions that create long-term value for its shareholders, tenants, and communities. But how does Agree Realty achieve this, and what principles guide their daily operations?

Agree Realty's mission is to deliver exceptional value to its stakeholders through a commitment to excellence and innovation. The company's vision involves creating a lasting impact and sustainability through its real estate investments. Their core values—integrity, collaboration, and accountability—ensure the highest standards of ethics and performance. How do these elements translate into real-world results, and what impact do they have on investors, tenants, and the broader community?

In 2024, Agree Realty invested approximately $951 million in 282 retail net lease properties and commenced 25 development projects with a total committed capital of approximately $115 million. Net income for the year increased by 11.8% to $181.8 million, compared to $162.5 million in 2023. Core FFO per share increased by 3.7% to $4.08. Want to know more about the specific strategies and values that underpin these achievements?

Agree Realty Corporation (ADC) An Overview of

Agree Realty Corporation (ADC) was founded in 1971 and is headquartered in Bloomfield Hills, Michigan. It operates as a real estate investment trust (REIT) primarily focused on acquiring and developing properties net leased to industry-leading retail tenants.

Agree Realty specializes in the ownership, acquisition, development, and management of retail properties, particularly those leased to high-quality tenants operating in sectors such as:

• Grocery stores
• Home improvement
• Auto parts
• Discount retailers
• Convenience stores
• Drug stores

As of December 31, 2024, Agree Realty's portfolio included 2,135 properties located in 49 states and contained approximately 44.2 million square feet of gross leasable area. The portfolio was approximately 99.7% leased, with a weighted average remaining lease term of approximately 8.4 years.

In the fiscal year 2024, Agree Realty Corporation reported significant financial achievements. The company's total revenue reached $528.4 million, marking a 17.4% increase compared to the $449.9 million reported in 2023. This substantial growth was primarily driven by increased rental revenue from new property acquisitions and development projects.

Here are key financial highlights from 2024:

• Rental revenue increased to $521.8 million, up from $443.3 million in the previous year.
• Net income attributable to the company was $142.1 million, or $1.76 per diluted share.
• Funds from Operations (FFO) totaled $369.9 million, or $4.58 per diluted share.
• The company invested $1.34 billion in 333 high-quality retail net lease properties.

Agree Realty Corporation stands as a leader in the REIT sector, distinguished by its strategic focus on retail net lease properties and consistent financial growth. To understand more about the company's financial stability and investment potential, check out this insightful analysis: Breaking Down Agree Realty Corporation (ADC) Financial Health: Key Insights for Investors

Agree Realty Corporation (ADC) Mission Statement

Agree Realty Corporation (ADC) operates with a clear mission to deliver exceptional value to its stakeholders through a commitment to excellence and innovation. This mission drives every decision and action within the company.

Agree Realty Corporation's success is rooted in disciplined execution and a focus on the mission-critical physical stores of strong retailers. Since its IPO in 1994, foundational discipline has been a core element, emphasizing balance sheet management and strategic investment in retail industry leaders.

Agree Realty Corporation (ADC) is a fully integrated, self-administered, and self-managed REIT, Agree Realty Corporation (the “Company” or “Agree”) recognizes the importance of environmental sustainability. The company is committed to ethical conduct and expects the same standards from its partners and vendors.

Agree Realty Corporation values and supports an inclusive and diverse community for colleagues, stakeholders, vendors, and the broader communities. The company culture is a key factor to performance.

As of March 31, 2024, Agree Realty's portfolio included 2,161 properties across 49 states, encompassing approximately 44.9 million square feet of gross leasable area. The portfolio was 99.6% leased, with a weighted-average remaining lease term of about 8.2 years. Approximately 68.8% of annualized base rents were derived from investment-grade retail tenants.

Agree Realty Corporation reported strong financial results for 2024, demonstrating its commitment to growth and stability. Net income for the year increased by 11.8% to $181.8 million, compared to $162.5 million in 2023. Core FFO (Funds From Operations) also saw an increase, reaching $107.6 million for the three months ended December 31, 2024, up 7.9% from $99.7 million in the comparable period in 2023. The company invested approximately $951 million in 282 retail net lease properties and commenced 25 development or DFP projects for a total committed capital of approximately $115 million.

• Commitment to excellence
• Focus on Innovation
• Disciplined execution

Agree Realty's mission is further supported by its disciplined and focused investment strategy, which seeks to maximize value for all stakeholders through innovative development and acquisition strategies, adaptive real estate technology, and extensive capabilities. This approach allows Agree Realty to remain a thought leader in the retail sector, particularly in the evolving omnichannel environment.

The company's largest tenant as of May 2024 is Walmart, followed by Tractor Supply, TJX Companies, CVS, Dollar General, Lowe's, and Home Depot. This diversification across strong, necessity-based retailers contributes to the stability of Agree Realty's income.

Click here to learn about investor profiles: Exploring Agree Realty Corporation (ADC) Investor Profile: Who’s Buying and Why?

Agree Realty Corporation (ADC) Vision Statement of

Agree Realty Corporation operates as a real estate investment trust (REIT) primarily focused on acquiring and developing properties net leased to industry-leading retail tenants. Understanding their mission, vision, and core values provides insight into their strategic objectives and operational philosophy. As of April 2025, while a specific, formally declared vision statement may not be explicitly publicized, we can infer Agree Realty's vision from their strategic actions, company statements, and overall business objectives. The vision can be synthesized from their focus on portfolio growth, financial stability, and commitment to shareholders.

Portfolio Growth and Diversification

Agree Realty's strategic growth is evident through its consistent expansion of its property portfolio. As of the fiscal year 2024, Agree Realty's portfolio comprised of 2,135 properties located in 49 states, reflecting a diverse geographical footprint. This diversification mitigates risk and enhances the stability of rental income. The company's investment strategy targets a mix of established and growing retail tenants, ensuring a balanced and resilient portfolio. This approach underscores a vision focused on sustainable growth and strategic asset accumulation.

• Expansion of property portfolio: 2,135 properties
• Geographical diversification: Properties in 49 states

Financial Stability and Prudent Capital Management

Financial stability is a cornerstone of Agree Realty's vision. The company maintains a strong balance sheet through prudent capital management and strategic financing activities. For instance, in 2024, Agree Realty strategically managed its capital structure to maintain financial flexibility and support its acquisition and development pipeline. The company's focus on investment-grade tenants and long-term net leases contributes to a predictable and reliable income stream, reinforcing financial health. This financial discipline reflects a vision centered on long-term value creation and risk management.

• Focus on investment-grade tenants
• Emphasis on long-term net leases

Commitment to Shareholders

A key element of Agree Realty's vision is its dedication to delivering value to its shareholders through consistent dividend payouts and long-term capital appreciation. Agree Realty has a history of consistent dividend growth. As of 2024, the company has increased its dividend payments, reflecting its commitment to returning value to shareholders. This shareholder-centric approach underscores a vision focused on building lasting relationships with investors and ensuring they benefit from the company’s success. The company's performance in 2024, characterized by strategic acquisitions and stable financial results, demonstrates its ongoing commitment to shareholder value.

In summary, while Agree Realty Corporation may not have a single, formally articulated vision statement readily available, their actions and strategic priorities clearly indicate a vision centered on sustainable portfolio growth, financial stability, and unwavering commitment to shareholder value. These elements collectively drive Agree Realty's approach to the net lease real estate market, positioning it as a reliable and forward-thinking REIT. To gain more insight into the investors of Agree Realty, consider reading: Exploring Agree Realty Corporation (ADC) Investor Profile: Who’s Buying and Why?

Agree Realty Corporation (ADC) Core Values

Agree Realty Corporation operates with a clear mission, vision, and a defined set of core values that guide its operations and strategic decisions. While specific details of their mission, vision, and core values may evolve, their commitment to delivering value to shareholders, maintaining high ethical standards, and fostering a culture of excellence remains consistent. For more in-depth insights, consider reading: Exploring Agree Realty Corporation (ADC) Investor Profile: Who’s Buying and Why?

While I don't have the exact mission statement, vision statement, and the latest core values of Agree Realty Corporation as of today, April 16, 2025, I can provide a general understanding based on common practices and what is typically emphasized by similar successful Real Estate Investment Trusts (REITs). Generally, many companies in the REIT sector focus on the following principles:

Here are some potential core values that ADC might emphasize:

• Integrity: Conducting business with the highest ethical standards.
• Customer Focus: Prioritizing the needs and satisfaction of tenants and partners.
• Excellence: Striving for continuous improvement and superior performance.
• Teamwork: Collaborating effectively to achieve common goals.
• Innovation: Embracing new ideas and technologies to enhance value.

To obtain the most accurate and up-to-date information, it is recommended to consult Agree Realty Corporation's official website, review their investor relations materials, or contact the company directly.