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Triple Net REIT Agree Realty Still Has Room To Run

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canada goose outlet buffalo SummaryAgree Realty Corp. just reported another strong quarter of operating results and appears to be well positioned for accretive growth heading into 2016. canada goose outlet buffalo

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canada goose jacket outlet store The rate of FFO growth has begun to accelerate, and this appears Canada Goose Coats On Sale likely to continue next year. canada goose jacket outlet store

canada goose outlet near me Agree Realty Corp. (NYSE: ADC) just reported another strong quarter of operating results and appears to be well positioned for accretive growth heading into 2016. canada goose outlet near me

canada goose outlet seattle During the Canada Goose Parka past five years, Agree has transformed uk canada goose its business model from developing and operating a legacy fleet of Midwest and Southeast shopping centers into a modern freestanding retail net lease company. canada goose outlet seattle

canada goose outlet store https://www.goosesale.ca montreal In September canada goose clearance I wrote an article for Seeking Alpha Canada Goose online readers which describes how this REIT has managed to reinvent itself under second generation CEO Joey Agree. If you are unfamiliar with the Agree Realty change in strategy and portfolio evolution, here is the link for your review. canada goose outlet store montreal

canada goose outlet usa Currently Agree owns cheap canada goose uk 263 properties, spread across 41 states, totaling 4.8 million square feet canada goose coats on sale of retail space. Occupancy as of September 30 was an impressive 99.5% across the portfolio. canada goose outlet usa

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canada goose jacket outlet Agree and net lease stalwart Realty Income (NYSE: O) have been the top performers YTD in this REIT asset class, with newcomer STORE Capital (NYSE: STOR) also outperforming the broader REIT sector (RMZ). canada goose jacket outlet

canada goose outlet boston The freestanding retail triple net Canada Goose Online REIT model is simple and scalable. In addition to the monthly rental, creditworthy tenants pay for taxes, insurance and almost all of the maintenance expenses. canada goose outlet boston

canada goose outlet website legit During Canada Goose sale the past 52 weeks, Agree shares have traded in a range of $27.31 $34.56 per share and have steadily risen from September lows. The current $0.465 quarterly distribution (which was raised 3.3% the previous quarter) is yielding 5.63% annually. canada goose outlet website legit

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canada goose outlet in uk Agree closed on 15 net lease properties buy canada goose jacket cheap during Q3 canada goose coats 2015, increasing the year to date total to 59 properties valued at $160 million. Agree is on track to hit its FY2015 target of $175 to $200 million of canada goose uk shop acquisitions. canada goose outlet in uk

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canada goose outlet parka Most of the heavy lifting regarding portfolio dispositions has now been accomplished with the sale of three legacy centers during the most recent quarter. However, Agree also has increased the FY2015 disposition guidance from $25 million 2Q15 to the current $40 $50 million shown below. canada goose outlet parka

canada goose outlet toronto location Source: ADC September 2015 (for all non attributed slides below) canada goose outlet toronto location

canada goose outlet store uk During the canada goose uk outlet recent Q3 earnings call, remaining shopping centers Capital Plaza located in Frankfort, KY, and Central Michigan Commons in Mount Pleasant, MI, were described as being “highest quality” with “embedded value add canada goose black friday sale opportunities.” Agree cheap Canada Goose intends to remain patient when it comes to the disposition canada goose of its remaining shopping centers. They only represent 2.7% of total revenues. canada goose outlet store uk

canada goose outlet uk fake However, non core net lease assets, (where store performance or residual values might be lagging), would likely make up the remainder of the 2015 disposition pipeline. Agree expects that these assets will sell at cap rates of about 6.5%. This compares favorably with canada goose clearance sale the average 8.1% cap rate for the canada goose factory sale 15 properties acquired during the most recent canada goose uk black friday quarter. canada goose outlet uk fake

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canada goose jacket outlet uk There is considerable investor demand for new freestanding retail properties in Canada Goose Outlet today’s low interest rate environment. This competition continues to drive down cap rates on desirable assets, making accretive acquisitions more difficult for public REITs. canada goose jacket outlet uk

canada goose outlet real One advantage that Agree Realty canada Canada Goose Outlet goose store has is its multi pronged approach to growing its business, including acquisitions of stabilized assets, joint ventures uk canada goose outlet and in house “organic” development. canada goose outlet real

canada goose outlet legit On the earnings call, Agree emphasized the company’s “ability canadian goose jacket to enter a net lease retail transaction, anywhere along the lifecycle of that transaction” as an important differentiator canada goose outlet legit.

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