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Stock impact report

Agree Realty Corp.: High-Quality Portfolio And Balance Sheet Signal More Upside [Seeking Alpha]

Cohen & Steers Inc (CNS) 
Last cohen & steers inc earnings: 4/22 04:23 pm Check Earnings Report
US:NYSE Investor Relations: en.wikipedia.org/wiki/cohen_(surname)
Company Research Source: Seeking Alpha
SummaryAgree Realty Corp. owns the portfolio with the highest percentage of investment grade tenants as compared to peers.Its pro forma debt-to-EBITDA stands at 0.7 times due to some equity offerings this year.The company trades more expensively than peers, but its higher quality and portfolio may nonetheless bring more upside.Agree Realty Corp. (ADCBest Of Breed In NNN ADC owns 864 retail net lease properties across 46 states. It differs from other NNN in that its tenants are of significantly higher quality. We can see below that 59% of its tenant base is investment grade and includes the likes of high credit companies such as Home Depot (HDCOST(Source:2020 PresentationAside from a focus on investment-grade tenants, ADC has specifically focused on large national chains in industries resistant to e-commerce:(Source: 2020 Presentation)In comparison with peers, the REIT has a significantly higher level of investment-grade tenants, and its focus on national chains varies from peers’ foc Show less Read more
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