Agree Realty (ADC) - Hoya Hotseat

Hoya Capital

Agree Realty (ADC) - Hoya Hotseat In the News All ADC Dec 18 Written By Alex Pettee, CFA Hoya Capital Agree Realty (NYSE:ADC) is a publicly traded Net Lease REIT (Real Estate Investment Trust) that owns and operates a portfolio of 2,084 properties across 49 states and containing approximately 43.2 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".

Continue reading ▶︎ Interviews Press All ADC Hoya Hotseat Alex Pettee, CFA Transcript so e your realy corporation we're focused on the development acquisition and our third platform called our developer Funding Solutions for the 3030 biggest and best retailers in the country today so all continental United States um our top ten is Walmart we have over 2,000 properties we focus on again the largest retailers in the retail Universe today that have we think the balance sheet the wherewithal to invest in really three primary factors one is Omni Channel distribution labor and price um if you look at our portfolio today it's approaching about 70% investment grade respective of those 30 five top tant it's really who's who will reinvest Capital with Retail Landscape so my father actually was a Kmart developer who took the company public with 16 Community anchored centers um all anchored by Kmart in 1994 um since 1994 we haven't developed any shopping centers that transition to the development of Borders bookstores which was based at our our backyard many of you may remember borders and then Walgreens came out with their freestanding Pro protype um in the early 2000s and the company developed a number of Walgreens stores throughout the country and then in 2010 I launched our acquisition platform which has really propelled our growth at that time in 2010 the portfolio uh the entire company's portfolio was 72 properties in 16 States 75% of which was Walgreens ...