Agree Realty Corporation Common Stock (ADC)

Competitors to Agree Realty Corporation Common Stock (ADC)

Cedar Realty Trust, Inc.

Cedar Realty Trust competes in the same retail sector, focusing on grocery-anchored shopping centers. While Agree Realty specializes in stand-alone retail properties, both companies target stability and income generation from well-located assets. Cedar Realty’s competitive advantage lies in its emphasis on grocery-anchored centers, which tend to have more resilient cash flows during economic downturns, attracting consumers regardless of economic cycles. This might position Cedar favorably against Agree’s more limited diversification within the retail space.

National Retail Properties, Inc. 

National Retail Properties focuses on a diversified portfolio of retail properties leased to high-quality retailers under long-term net leases. Competing with Agree Realty, National Retail Properties benefits from a well-established track record and extensive experience in the retail sector. While both companies prioritize single-tenant retail properties and stable income, National Retail Properties leverages its size and established relationships to negotiate favorable lease terms and secure attractive properties more regularly, providing it with a competitive advantage in the cost of capital and tenant selection.

Realty Income Corporation 

Realty Income and Agree Realty are both engaged in the retail real estate investment trust (REIT) sector, focusing primarily on single-tenant properties under long-term leases. They compete for similar retail tenants and often share the same investor base attracted to predictable monthly income distributions. Realty Income, however, has a larger size and broader portfolio, giving it a competitive edge in terms of diversification and market presence. Its established reputation as 'The Monthly Dividend Company' enhances its appeal to income-focused investors, which might overshadow Agree’s offerings.

Simon Property Group, Inc. 

Simon Property Group is one of the largest and most recognized names in the retail real estate sector, operating as a premier owner of malls and premium outlets. While Agree Realty primarily focuses on single-tenant properties, Simon competes for some of the same high-quality anchor tenants. Simon’s large scale and ability to leverage its extensive property management and marketing resources present a significant competitive advantage. Furthermore, its diversification into high-value retail and mixed-use developments provides it greater stability against market fluctuations, often overshadowing the more focused portfolio of Agree Realty.

STORE Capital Corporation

STORE Capital and Agree Realty Corp. both operate in the net lease market, focusing on single-tenant commercial properties. While they typically target similar types of tenants, STORE Capital distinguishes itself by having a broader investment strategy that encompasses a wide variety of industries including service, retail, and healthcare. This diversification allows STORE to mitigate risks associated with sector downturns more effectively than Agree Realty, which is more focused on retail assets. As a result, STORE Capital has cultivated a reputation for long-term growth potential, giving it a competitive advantage.