Agree Realty

Rank#2292

Market Cap8.43B

CountryUnited States

Summary

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".

History

Realty Income Corporation was founded in 1969 by William E. Clark and Evelyn J. Clark. Its first acquisition was a Taco Bell restaurant in early 1970.The company used cash to purchase land needed for stores that required real estate to run, and then leased the property to the stores long term.In 1994, the company became a public company via an initial public offering.In 1997, William E. Clark, Jr., retired as CEO and was succeeded by Thomas A. Lewis. In 2013, John P. Case succeeded Mr. Lewis as CEO of the company. In 2009, Clark retired as chairman.In 2013, the company acquired American Realty Capital Trust, founded by Nicholas Schorsch, in a $2.95 billion transaction.In 2015, the company was added to the S&P 500 and the S&P High Yield Dividend Aristocrats index.In 2018, Sumit Roy became the company's CEO.In 2019, the company completed a sale-leaseback transaction for 12 properties of the United Kingdom supermarket chain Sainsbury's. This was the company's first purchase of property outside the United States.On November 1, 2021, the company acquired VEREIT.

Mission

RealtyShares is a real estate investment platform that gives investors direct access to quality investment opportunities and real estate operators the ability to raise capital. From the partnerships we develop with real estate sponsors to the service we deliver to our investors, our mission is to connect capital to opportunity. We see potential in delivering value and efficiency to real estate investors and operators through our expertise, technology and data.

Vision

Agree Realty’s vision is to be the go-to source for real estate capital, connecting customers and capital markets efficiently and responsibly.

References

https://en.wikipedia.org/wiki/Realty_Income

https://in.investing.com/equities/agree-realty-corp

https://finance.yahoo.com/quote/ADC/profile?p=ADC

https://www.comparably.com/companies/realtyshares/mission

https://www.crunchbase.com/organization/agree-realty

https://sec.report/CIK/0000917251

https://companiesmarketcap.com/

https://www.agreerealty.com

Leadership team