O - Agree Realty: Great Way To Diversify From Realty Income

2024-06-28 12:23:15 ET

Summary

• Agree Realty (ADC) has gained a lot of traction in the market lately by offering a great alternative for Realty Income investors.
• While ADC trades at higher multiples and offers slightly lower dividend yield than O, the enhanced defensive characteristics justify these drawbacks.
• Having said that, there is also a merit of holding O in the portfolio.
• In this article I elaborate on the key reasons why from now on I will be investing in ADC.

Agree Realty (NYSE: ADC ) is a retail net lease REIT that has recently gained a lot of traction in the investor community. While its underlying operations are rather straightforward and do not differ that much from the other retail net lease REIT such as Realty Income Corporation (NYSE: O ) and Essential Properties Realty Trust (NYSE: EPRT ), there are several characteristics that render ADC interesting....

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