Agree Realty Corporation: A Leading Retail REIT

Agree Realty Corporation is a publicly traded Real Estate Investment Trust (REIT) specializing in the acquisition, development, and management of retail properties net-leased to industry-leading, omni-channel retailers across the United States.

Founded in 1971 by Richard Agree, the company has grown to own and operate a diverse portfolio, reflecting its commitment to rethinking retail in an evolving market.

Property Portfolio

As of March 31, 2025, Agree Realty's portfolio comprises 2,422 properties spanning all 50 states. This portfolio encompasses approximately 50.3 million square feet of gross leasable area.

The company’s tenants include prominent national retailers such as Walmart, Dollar General, Tractor Supply, Best Buy, TJX Companies, CVS, Kroger, Lowe's, Hobby Lobby, Sherwin-Williams, Home Depot, and others.

Investment Strategy

Agree Realty focuses on acquiring and developing properties net-leased to creditworthy tenants. This ensures long-term, stable cash flows for the company.

The portfolio is characterized by a weighted-average remaining lease term of approximately 8.4 years, with 69.1% of annualized base rents derived from investment-grade retail tenants.

Ground Lease Portfolio

In addition to its core assets, Agree Realty owns a ground lease portfolio of 224 leases located in 35 states. This portfolio totals approximately 6.1 million square feet of gross leasable area and is fully occupied.

The weighted-average remaining lease term for ground leases is approximately 10.5 years, with 88.0% of annualized base rents coming from investment-grade tenants.

Headquarters and Locations

Agree Realty's headquarters are located at 32301 Woodward Avenue, Royal Oak, Michigan 48073, United States.

Additional company location:

Detroit, MI, USA

Stock Market Information

As of June 27, 2025, Agree Realty's stock is trading at $72.35 per share, reflecting its strong position in the retail real estate sector.

Key stock details include:

Equity listed in the USA market
Price change of -0.66 USD (-0.01%) from the previous close
Latest open price at 73.1 USD
Intraday volume of 1,460,957 shares
Intraday high and low prices of 73.65 USD and 72.17 USD respectively
Latest trade time: Friday, June 27, 17:19:00 PDT

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