Agree Realty Corporation

Agree Realty Corporation is a fully integrated, self-administered, and self-managed real estate investment trust (REIT) primarily focused on the ownership, acquisition, development, and management of retail properties net leased to industry-leading, omni-channel tenants. The company's mission is to "RETHINK RETAIL" by generating sustainable, long-term growth through a disciplined investment strategy. Agree Realty Corporation is headquartered in Royal Oak, Michigan.

The company's core business involves acquiring, developing, and managing single-tenant retail properties under long-term triple-net leases, where tenants are responsible for property operating expenses, ensuring predictable cash flow. Agree Realty focuses on essential, resistance-proof, and recession-proof retail categories, with approximately 65-69% of its annualized base rent derived from investment-grade tenants. Its diversified portfolio includes properties leased to major retailers such as Walmart, 7-Eleven, Wawa, Dollar General, Tractor Supply, Best Buy, CVS, Kroger, Lowe's, and Home Depot. As of March 31, 2026, the company owned and operated over 2,756 properties across all 50 states, encompassing approximately 57.5 million square feet of gross leasable area.

Led by President and CEO Joel N. Agree, the company has demonstrated active market positioning. In April 2026, Agree Realty completed approximately $1.00 billion in follow-on common equity offerings and initiated an additional $1.75 billion at-the-market equity program, signaling preparations for expanded funding to support its real estate platform. The company reported robust financial results for Q1 2026, including 8% AFFO and core FFO growth, $424 million invested at a 7.1% cap rate, and a 99.7% occupancy rate. Agree Realty maintains a strong balance sheet with low leverage and recently increased its monthly dividend.