As you know by my name, I love dividends. And in addition to sharing on here, I write regularly on the investment platform- Seeking Alpha.
My goal there is to teach everyday investors about building wealth, so they won’t to need to work to traditional retirement age.
I want to help you take control of your life, have F.I.R.E.
Here at Dividend Collection Agency the goal is to give investors and/or readers a different perspective. We take a simple approach to building wealth. And although investing may seem easy, people often miss opportunities by over complicating it.
But we are here to help.
Current Price: $75.11
Dividend: $0.27
Agree Realty Corporation (ADC) recently reported another strong quarter, reinforcing why I continue to view the net lease REIT as a buy for long-term income investors.
Despite continued interest-rate uncertainty, ADC delivered stronger AFFO growth, record investment activity, and raised full-year guidance.
With shares trading around 16x forward AFFO and yielding roughly 4%, I believe the current valuation remains attractive—although I would prefer to add more aggressively below $70.
Strong Q2 Growth 💪🏾
Agree Realty continues to perform well despite the higher-for-longer interest-rate environment.
During Q2, core FFO increased 7.5% year-over-year to $1.13 per share, while AFFO increased 7.5% to $1.14.
Investment activity was particularly impressive:
$502 million invested during Q2
$925 million invested through the first half
187 properties acquired year-to-date
2,825 properties across all 50 states
7.0% weighted-average acquisition cap rate
ADC’s ability to acquire properties at attractive spreads over its cost of capital should support continued AFFO growth.
