2024-05-27 18:00:00 ET
Summary
- Agree Realty Corporation reported a 3.5% increase in core funds from operations and a 4.5% increase in adjusted FFO for Q1-2024.
- ADC expects to acquire a substantial volume of properties in 2024, accounting for close to 8.75% of its market cap.
- We examine the REIT on valuation metrics and tell you why we still own other plays.
On our previous coverage of Agree Realty Corporation ( ADC ) we compared it to WP Carey ( WPC ). WPC was the one that ultimately made it higher on our priority list. ...
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For further details see:
Agree Realty: Preferred Pricing Improves Relative To Common