Agree Realty Corporation ADC

ADC Company Overview

Agree Realty Corporation (NYSE: ADC) is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, development, and ownership of retail properties net leased to nationally recognized tenants. The company operates within the commercial real estate and net lease retail sectors, generating revenue primarily through long-term lease agreements in which tenants are generally responsible for property taxes, insurance, and maintenance costs. Its portfolio is concentrated in necessity-based retail categories such as grocery, home improvement, auto parts, farm supply, discount retail, and convenience stores. Major tenant categories include investment-grade and large national operators across the United States.

Founded in 1971 by Richard Agree and headquartered in Southfield, Michigan, Agree Realty originally developed community shopping centers before transitioning toward a predominantly single-tenant net lease strategy. Over time, the company repositioned its portfolio toward tenants viewed as more resilient to e-commerce disruption and economic cyclicality. The company’s strategic positioning centers on disciplined underwriting, a focus on high-credit-quality tenants, and long-duration lease structures designed to provide stable cash flow and recurring rental income.