Agree Realty Plans 26% Investment Growth for 2025

Agree Realty Corporation (ADC) reported a total real estate investment volume of approximately $951 million for 2024, including the acquisition of 242 retail net lease properties valued at around $867 million. The company expects to increase its investment volume by 26% in 2025, forecasting between $1.1 billion and $1.3 billion, bolstered by strong liquidity of over $2 billion and no significant debt maturities until 2028. CEO Joey Agree emphasized a disciplined approach to investment and a robust balance sheet as key to navigating macroeconomic conditions. Despite this positive outlook, retail sentiment and Wall Street analysts remain cautious, with some reducing their price targets on the stock. ADC's strategy includes capital deployment through its acquisition, development, and Developer Funding Platform (DFP). The firm has acquired properties across various retail sectors, with a substantial portion of annualized base rents derived from investment-grade tenants.