Agree Realty: Preferred Pricing Improves Relative To Common
ADCAgree Realty(ADC) seekingalpha.com·2024-05-28 06:00
YvanDube On our previous coverage of Agree Realty Corporation (NYSE:ADC) we compared it to WP Carey (WPC). WPC was the one that ultimately made it higher on our priority list.  Those income investors are going to come back to this, probably in the early 2030s. WPC is likely to be in the penalty box, and valuation expansion won't be happening anytime soon. That said, objectively, if we can get past the misstep, WPC does have a splendid portfolio and one that could really do well if we enter a secular inf ...