ADC - Agree Realty: Potential Addition To Dividend Growth Portfolios
2024-06-26 07:58:06 ET
Summary
- When filtered for quality, I am interested in monthly dividend-paying stocks.
- Agree Realty's acquisition activity should continue to drive respectable business growth in the years ahead.
- The retail REIT used its investment-grade balance sheet to issue $450 million of 10-year notes last month on favorable terms.
- ADC could be priced at a 10% discount to fair value.
- In my view, the REIT is likely to deliver 10%+ annual total returns for the foreseeable future.
In my own financial life, I have found that approximately 80% of my bills tend to be recurring weekly or monthly. Think groceries. Think health insurance. And so on.
The other 20% of my bills are lump sum payments every six months to every couple of years. That includes auto insurance, dental visits, doctor visits, and eye doctor visits....
Agree Realty: Potential Addition To Dividend Growth Portfolios