Exhibit 99.1 1 32301 Woodward Ave. Royal Oak, MI 48073 www.agreerealty.com FOR IMMEDIATE RELEASE Agree Realty Corporation Reports Second Quarter 2024 Results Increases 2024 AFFO Per Share Guidance to $4.11 to $4.14; Raises 2024 Acquisition Guidance to Approximately $700 Million; Receives Commitments to Expand Credit Facility to $1.25 Billion & Extend Maturity Until 2029 Royal Oak, MI, July 23, 2024 -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended June 30, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Mark One ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024, or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-12928 AGREE REALTY CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | |----------- ...

8vFanI/iStock via Getty Images Introduction Since the latest CPI report, the market has been enthusiastic about interest rate cuts in the near future. One sector that has reacted positively to the news is one that I have been beating the drum on for over a year, the REIT sector (XLRE). With higher for longer interest rates negatively impacting their share prices the past two years, many were trading at or below their pandemic lows, creating a great buying opportunity for investors. Additionally, this al ...

文章核心观点 - Agree Realty和Rexford Industrial是两家提供高于标准普尔500指数两倍以上股息收益的股票 [1][2] - Agree Realty是一家快速扩张的净租赁房地产投资信托基金(REIT),过去10年股息年增长率接近6% [3][4] - Rexford Industrial是一家专注于投资加州南部工业地产的REIT,过去10年股息年增长率接近17% [6][8] 行业总结 Agree Realty - 公司从100多处资产快速扩张到2,150处,主要投资于单一租户零售物业 [3][4] - 公司专注于一个规模大且流动性强的市场,未来仍有较大增长空间 [5] - 公司目前股息收益率较高,处于历史高位 [5] Rexford Industrial - 公司专注投资加州南部工业地产,该地区是全美最大工业市场之一 [6][7] - 该地区供给受限,公司能够持续提升租金和资产价值 [7][9] - 公司未来5年内有望将净运营收入提升47% [9] - 公司股息增长迅速,估值溢价合理 [8]

文章核心观点 - 投资者可能对REITs感兴趣的主要原因是其较高的股息收益率 [1] - REITs相比其他股票更不容易受到重大市场调整的影响,因为它们持有实物资产(房地产物业),这使它们成为寻求低风险股票的投资者的更好选择 [2] - 虽然市场上有许多优秀的REITs,但有些REITs在各方面都超过了竞争对手,是任何对REITs感兴趣的投资者必须拥有的 [3] Agree Realty (ADC) - 该公司专注于零售物业的所有权、收购、开发和管理,其投资组合遍布全国各地 [5] - 该公司是行业内增长最快的REITs之一,租赁率高达99.6%,平均租赁期限为8.2年,并支付高股息,是投资者寻求最佳收益和增长股票的有吸引力的选择 [7] - 该公司在财务表现方面也是行业内最出色的房地产公司之一,最新季度报告显示净收入和核心营运资金均大幅增长 [8] Alexandria Real Estate (ARE) - 该公司投资、运营、开发和出租办公楼和实验室,主要租赁对象为生命科学公司、科技公司和其他从事研发的租户 [9] - 该公司拥有定价能力,因为它有特定的客户群体,过去10年其营运资金平均增长7%,收入也稳步增长,90%以上的租金收入来自投资级或上市公司租户 [10] - 该公司连续14年增加股息,派息率为55%,为未来进一步增加股息留有空间 [11] - 该公司今年在市值和总权益资本化等关键指标方面表现出色,位列全美上市REITs前10% [12] National Storage Affiliates Trust (NSA) - 该公司是一家自储存房地产公司,拥有12个自储品牌、1000多个储存设施和700多处物业 [14] - 该公司的所有物业都运营在其公司品牌之下,大部分客户都对其保持忠诚,一季度入住率达85.9% [15] - 该公司抓住了自储存行业的增长机遇,2019年至2023年的收入大幅增长 [16] - 该公司今年的盈利能力也很强,净收入增长135.4%,达到9510万美元,净利润率为30.4% [17]

文章核心观点 - 尽管市场普遍预期利率将会下降,但实际情况仍存在不确定性 [3] - 过去两年可能是投资房地产投资信托(REIT)的最佳时机 [4][5] - 投资者需要控制情绪,避免被短期波动影响决策 [4][5] 行业和公司总结 Realty Income (O) - Realty Income是作者最喜欢的月度支付型REIT之一 [6] - 目前Realty Income的估值较低,未来12个月内有38.5%的上涨空间 [6] - 即使仅恢复至16倍估值,也有19.6%的上涨空间 [6] - 公司资产负债表稳健,信用评级为A-,有利于以较低成本融资 [6] - 利率下降可能会吸引更多投资者关注这家知名REIT [7] - 利率下降也可能推动公司提高业绩指引,进而带动股价上涨 [7] VICI Properties (VICI) - VICI进军保龄球等新领域有助于拓展业务覆盖范围 [8][9] - 保龄球行业未来10年预计增长13.9% [8] - VICI目前估值较低,如果恢复至正常估值区间,有20.4%的上涨空间 [9] - 即使仅恢复至15倍估值,也有12.6%的上涨空间 [9] - 公司资产负债表稳健,净负债/EBITDA在5.4倍左右 [10] - 利率下降可能会提振拉斯维加斯旅游,从而带动VICI物业入住率上升 [10]

These three stocks boast an average yield that is more than three times the average dividend payer in the benchmark S&P 500 index.The market's been on a bull run, but most of the gains have been confined to a handful of tech stocks at the top. There are still plenty of high-yield dividend stocks that haven't gained as much attention as they probably deserve.Investors looking for near-certain ways to grow the stream of passive income their retirement accounts produce have some terrific options. Medtronic (MD ...

Agree Realty is a large net lease REIT with a strong history of dividend growth. But it might not be the best option for all income investors.On an absolute basis, Agree Realty's (ADC 0.63%) 4.7% dividend yield is very attractive when you compare it to the broader market's miserly 1.3% or so. It's even a bit higher than the average real estate investment trust (REIT) yield of nearly 4.3%.But don't make a final call about this net lease REIT just yet (net leases require tenants to pay most property-level ope ...

Income seekers should agree that Agree Realty is the right REIT in which to entrust one's investable capital.Some real estate investment trusts (REITs) are generous dividend payers, and Agree Realty (ADC 0.70%) certainly fits this description. However, with a little digging, you may discover an off-putting irregularity in Agree Realty's prior payout pattern.This need not be a deal breaker, though. Considering the context of Agree Realty's past payment pullback should help restore confidence in this recent d ...

Wolterk Every real estate investor, including REITs, must assess and choose among potential investments. These choices ideally should consider not only price but also desired property type, cash earnings, earnings growth, and risks. The choice of investments also should reflect the source and cost of the funds used. It is one thing to buy a property with cash on hand. It is something else to take on debt to raise some or all of the cash. More complexity is added if you sell part of your real-estate comp ...