NEP - These 3 Stocks Have Plenty of Room to Run
2023-09-21 07:27:00 ET
Evaluating a company's growth prospects is vital. That's because profit growth typically drives a stock's returns over the long term.
Agree Realty (NYSE: ADC) , EnLink Midstream (NYSE: ENLC) , and NextEra Energy Partners (NYSE: NEP) have tremendous growth runways. That could enable these companies to grow their earnings and dividends for years to come.
Agree Realty has grown into a decent-sized real estate investment trust ( REIT ). It has invested $8.1 billion since 2010 to acquire and develop high-quality retail net-lease properties, growing its portfolio to over 2,000 locations. That steady expansion has enabled Agree Realty to grow its dividend at a 5.9% compound annual rate over the last 10 years.
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These 3 Stocks Have Plenty of Room to Run