Retail, Wall Street Remain Skeptical
From StockTwits: 2025-01-07 08:28:09
Agree Realty Corporation (ADC) reported a total real estate investment volume of $951 million for 2024, including acquisitions and developments. The company acquired 242 retail net lease properties worth approximately $867 million. CEO Joey Agree highlighted the firm’s strong balance sheet with over $2.0 billion in liquidity. ADC expects investment volume to increase by 26% in 2025 to $1.1 billion. Despite this news, retail sentiment on Stocktwits remained neutral, with two brokerages slightly lowering price targets for ADC stock. The stock has gained over 10% in the past year, outperforming the Dow Jones U.S. Real Estate Index.
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