Agree Realty Corp (NYSE:ADC)

CAPS Rating: 2 out of 5

The Company is a fully-integrated, self-administered and self-managed real estate investment trust focused primarily on the development, acquisition and management of retail properties net leased to national tenants.

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Member Avatar G6Stock (78.98) Submitted: 11/9/2011 10:54:47 AM : Underperform Start Price: $23.50 ADC Score: +16.44

the div is the only good thing about it

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Member Avatar emberny32 (60.49) Submitted: 3/19/2011 3:11:08 PM : Outperform Start Price: $20.96 ADC Score: -1.94

div

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Member Avatar dantefromsomm2 (23.93) Submitted: 2/11/2010 3:52:01 AM : Outperform Start Price: $16.86 ADC Score: +0.92

Every stock i pick is based on fundamental analysis, intrinsic value,margin of safety,judging the buisness as simple and understandable,and from my own education, warren buffets, ben grahams, david dodds, and peter lynch and here at the fool. I have another page dantefromsomm, but this page is for my real life stocks i actually have people buy, and focussed.
"wide diversification is for investors that dont really know what they are doing"-warren buffet

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Member Avatar dantefromsomm (< 20) Submitted: 12/29/2009 1:21:27 AM : Outperform Start Price: $20.10 ADC Score: -12.50

Most ridiculously rated stock ive ever found

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Member Avatar lilsdad (< 20) Submitted: 11/21/2009 5:51:46 PM : Outperform Start Price: $19.83 ADC Score: -12.82

Real estate will make a rebound in the nest two years. 8%+ dividends along the way are great.

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Member Avatar Nostradamuss (< 20) Submitted: 10/5/2009 1:43:41 PM : Underperform Start Price: $17.79 ADC Score: +9.35

-

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Member Avatar Imperial1964 (97.90) Submitted: 8/6/2009 8:37:29 AM : Outperform Start Price: $15.89 ADC Score: -0.01

I don't think this will go anywhere anytime soon, but by the numbers it is strong financially and pays a fat dividend.

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Member Avatar miida (< 20) Submitted: 6/8/2009 5:06:03 PM : Outperform Start Price: $14.32 ADC Score: +5.63

This REIT company basically gives off its net profits which amounts to 10% dividend yield at the moment, even during crisis time. Net equity closely matches book value and its half of the balance, suggesting that this REIT is properly managed.

Notice the most of the tenants of this REIT are of the government.

How long will the difference between government bond yield and REIT yield will stay this high (600 basis points)? Eventually this stock will either go up or that government yields will go up.

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Member Avatar goldenplunger (< 20) Submitted: 9/22/2008 12:44:54 PM : Outperform Start Price: $19.65 ADC Score: -3.15

great managers

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Member Avatar godsmacks1 (57.13) Submitted: 12/27/2007 9:49:48 PM : Underperform Start Price: $21.30 ADC Score: -5.90

commercial real estate

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Member Avatar jdstrie (< 20) Submitted: 5/5/2007 11:00:17 PM : Outperform Start Price: $22.56 ADC Score: +0.54

I just like it.

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Member Avatar NetscribeREIT (42.46) Submitted: 3/12/2007 6:06:45 AM : Outperform Start Price: $22.33 ADC Score: -5.81

Agree Realty Corporation (ADC) is a fully integrated, self-administered and self-managed real estate investment trust (REIT) based in Farmington Hills, Michigan. The company is engaged in the business of developing, acquiring and managing of single tenant, grocery anchored and big box retail properties leased to national tenants. The company’s portfolio comprises of 60 properties spread across 15 states of the U.S.

The $10 billion U.S. shopping-center industry has showed solid performance in 2006; with lenders funded deals at record prices and retailers looked to expand. However, according to McGraw-Hill Construction, new construction (new starts and additions) of U.S. retail space slowed by 6% y-o-y for the first 10 months of 2006. This has stimulated the demand for existing shopping malls.

The interest rate has been stabilized after 17 straight hikes in mid of 2006. This should enhance consumer-spending power. Moreover, factors like easing of inflationary pressure along with gaining momentum in job growth rate should push up the shopping activities, thereby boosting the demand for shopping mall.

The company’s fund from operation (FFO) for fourth quarter 2006 has improved by 15%, thanks to a reduction in general and administration costs. The company’s 99.7% of its portfolio was leased during the year. The company's base rental income is secured with 67% coming from three of its largest tenants Borders, Walgreen and Kmart. Moreover, the stability of rental income is backed by the fact that less than a percent of its leased square footage is set to expire in 2007, while this figure raising to 9.8% for 2008. A secured stable income and healthy occupancy rate make the company a good buy.

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Member Avatar BasketQase (86.23) Submitted: 12/29/2006 1:41:49 PM : Outperform Start Price: $22.69 ADC Score: -6.23

REIT test . . .

Results 1 - 13 of 13

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