Introduction to Agree Realty Corporation

Agree Realty Corporation (NYSE: ADC) stands as a premier net lease real estate investment trust (REIT) that has consistently delivered superior returns through a disciplined acquisition strategy and a focus on high-quality, freestanding retail properties. Headquartered in Bloomfield Hills, Michigan, the company was founded in 1971 by Richard Agree and has evolved into a publicly traded enterprise with a market capitalization exceeding $7 billion. Agree Realty’s portfolio comprises over 1,900 properties across 49 states, leased to a diverse mix of national, regional, and local tenants, many of which are investment-grade rated or operate in recession-resistant sectors such as grocery, home improvement, and automotive. The firm’s reputation for integrity, transparency, and long-term value creation has made it a trusted partner for developers, landlords, and institutional investors alike. As a leading Real Estate company, Agree Realty is recognized on the Fortune 1000 list and has earned accolades for its corporate governance, environmental stewardship, and community engagement. Organizations ranging from small business operators to multinational corporations rely on Agree Realty’s expertise in sale-leaseback transactions, build-to-suit developments, and acquisition of net leased properties to optimize their real estate capital structures. With a strong balance sheet, a dedicated team of over 100 professionals, and a culture rooted in collaboration and innovation, Agree Realty Corporation continues to set the standard for excellence in the net lease REIT sector.

Company History and Business Evolution

The story of Agree Realty Corporation begins in 1971 when Richard Agree founded a small real estate development firm in Michigan. Initially focused on ground-up retail construction, the company quickly distinguished itself by delivering projects on time and within budget, building a loyal client base among national retailers. In 1994, Agree Realty transitioned to a publicly traded REIT, a strategic move that provided access to capital markets and enabled aggressive portfolio expansion. The company’s early public years saw acquisitions of single-tenant properties leased to industry leaders like Walmart, Home Depot, and Kroger. A pivotal moment came in 2004 with the launch of the company’s proprietary “ARC” acquisition platform, which streamlined due diligence and accelerated deal flow. Subsequent milestones include the 2012 acquisition of a $200 million portfolio of 7-Eleven properties, the 2016 entry into the build-to-suit development segment, and the 2019 expansion into the ground lease market. Under the leadership of CEO Joey Agree, who succeeded his father Richard in 2015, the company has embraced technology and data analytics to enhance underwriting precision. The COVID-19 pandemic underscored the resilience of Agree Realty’s tenant base, as most tenants remained current on rent, and the company continued to acquire over $1 billion in properties annually. Recent acquisitions include the 2022 purchase of a $400 million portfolio of auto parts stores and the 2023 addition of over 200 properties from a distressed competitor. Today, Agree Realty is not only a survivor but a thriving force in the REIT industry, having navigated multiple economic cycles through prudent capital management and a relentless focus on tenant quality.

Agree Realty Corporation at a Glance

• Headquarters: Bloomfield Hills, Michigan, USA
• Founded: 1971 by Richard Agree
• CEO: Joey Agree
• Public Listing: New York Stock Exchange (NYSE: ADC)
• Market Cap: Over $7 billion (as of 2025)
• Portfolio Size: 1,900+ properties in 49 states
• Total Square Footage: ~33 million square feet
• Annual Revenue: Approximately $600 million (2024)
• Employees: 110+ professionals
• Tenant Base: 60%+ investment-grade rated or national credit
• Industry Focus: Net lease retail properties — grocery, home improvement, automotive, convenience, quick service restaurants
• Average Lease Term: Approximately 10 years remaining
• Dividend History: 30+ years of consecutive dividend growth
• Credit Ratings: Baa1 (Moody’s), BBB+ (S&P), BBB+ (Fitch)
• ESG Recognition: GRESB 4-Star rating, NAREIT Leader in the Light
• Ownership Structure: 100% external management? No, internally managed
• Key Services: Acquisitions, development, property management, sale-leasebacks
• Geographic Diversification: No single state exceeds 10% of portfolio
• Top Tenants: Walmart, Tractor Supply, Dollar General, Home Depot, Kroger
• Acquisition Volume: Over $1.5 billion in 2024

Mission, Vision, and Core Corporate Values

Agree Realty Corporation’s mission is to generate sustainable long-term returns for shareholders by acquiring, developing, and managing a high-quality portfolio of net leased retail properties. The company envisions a future where its properties serve as anchors for communities, providing essential goods and services while delivering reliable income to investors. Core values include Integrity — conducting business with transparency and ethical rigor; Innovation — leveraging data and technology to gain a competitive edge; Discipline — maintaining a rigorous underwriting framework that prioritizes tenant quality and location; Partnership — building mutually beneficial relationships with tenants, brokers, and lenders; and Stewardship — managing capital and environmental resources responsibly. These values are not just words; they are embedded in every acquisition decision, every lease negotiation, and every employee’s daily work. The company’s commitment to environmental, social, and governance (ESG) principles is exemplified by its participation in the GRESB benchmarking and its goal to achieve net-zero carbon emissions by 2050. Agree Realty also believes in giving back: the Agree Cares Foundation supports affordable housing, food banks, and disaster relief efforts in communities where the company operates.

Business Strategy and Future Roadmap

Agree Realty’s growth strategy is built on four pillars: Prudent Acquisitions — targeting properties with strong demographic tailwinds and creditworthy tenants; Development — partnering with top retailers to build new stores, often through build-to-suit arrangements; Asset Management — proactively leasing vacant space and optimizing property performance; and Capital Stewardship — maintaining a fortress balance sheet with low leverage and ample liquidity. The future roadmap includes expanding into adjacent asset classes such as ground leases and industrial net lease, deepening relationships with existing tenants through repeat transactions, and continuing to invest in technology platforms that automate due diligence and portfolio analytics. The company plans to maintain its acquisition pace of $1.5–2 billion annually while selectively recycling capital through property sales to upgrade portfolio quality. Additionally, Agree Realty is exploring opportunities in the energy transition — for instance, installing solar panels on rooftops and leasing land to renewable energy projects. With a strong pipeline of off-market deals and a reputation as a “buyer of choice” among retailers, the company is well-positioned to navigate rising interest rates and economic uncertainty.

Products, Technologies, and Services

Agree Realty Corporation offers a comprehensive suite of real estate capital solutions tailored to corporate tenants and property owners. Core services include Synthetic Leases — equity-classified lease structures that keep debt off balance sheets; Sale-Leaseback Transactions — enabling owners to unlock capital while retaining operational control; Build-to-Suit Development — ground-up construction of stores, restaurants, and service centers; Acquisition of Net Leased Properties — purchasing single-tenant buildings with long-term leases; and Ground Lease Investments — acquiring the land under existing buildings to provide flexible financing. On the technology front, Agree Realty has developed a proprietary underwriting platform called “ARC Analytics” that integrates demographic data, tenant credit metrics, and market comparables to accelerate deal evaluation. The company also uses a customer relationship management (CRM) system to track broker relationships and a lease management system that provides real-time portfolio performance dashboards. These technologies enable Agree Realty to process over 2,000 acquisition opportunities annually and close on a higher percentage of high-quality deals than industry averages.

Industries and Markets Served

Agree Realty primarily serves the retail real estate sector, with a strong focus on necessity-based tenants. The company’s portfolio spans grocery stores (Kroger, Publix), home improvement (Home Depot, Lowe’s), automotive (AutoZone, Advance Auto Parts), convenience stores (7-Eleven, Circle K), quick service restaurants (McDonald’s, Wendy’s), and discount retailers (Dollar General, Dollar Tree). By concentrating on tenants that provide essential goods and services, Agree Realty mitigates the risk of e-commerce disruption. Geographically, the company is diversified across all major US regions, with particular concentration in the Sun Belt states due to population growth and favorable demographics. The company also serves the health and fitness segment (Orangetheory, Planet Fitness) and the pet care industry (PetSmart, Petco). Institutional investors, private equity firms, and family offices seeking stable, inflation-protected income are the primary capital providers that partner with Agree Realty. Additionally, the company works with developers and retailers to structure off-market transactions, providing a valuable source of liquidity for property owners.

Leadership and Management Philosophy

The executive leadership team at Agree Realty Corporation combines deep industry experience with a forward-thinking approach. CEO Joey Agree, who joined the company in 2007 and took the helm in 2015, has been instrumental in modernizing the company’s operations and expanding its external growth. CFO Peter Coughenour brings over two decades of finance experience from other REITs and investment banks. Chief Investment Officer Rick Phelps oversees acquisition and development activities, while Chief Operating Officer Krista Yanick manages asset management and property operations. The management philosophy emphasizes decentralized decision-making — empowering regional acquisition teams to act quickly on opportunities, while maintaining strict underwriting guidelines set by the investment committee. Transparency is a hallmark: the company holds quarterly earnings calls, provides detailed portfolio metrics, and engages in proactive investor relations. Agree Realty also invests heavily in employee development through tuition reimbursement, mentorship programs, and industry certifications. The board of directors includes independent members with expertise in real estate, accounting, and legal fields, ensuring robust governance.

Corporate Events, Conferences, and Community Engagement

Agree Realty Corporation is an active participant in the REIT and commercial real estate conference circuit. Key events include the NAREIT REITweek, ICSC Las Vegas, and the RBC Capital Markets Global REIT Conference, where the company’s leadership presents growth strategies and financial results. The company also hosts an annual Investor Day at its Bloomfield Hills headquarters, offering deep dives into portfolio quality and market outlook. In terms of community engagement, the Agree Cares Foundation sponsors local food banks, supports veterans’ housing initiatives, and organizes annual volunteer days where employees refurbish community centers and parks. The company also partners with the Urban Land Institute (ULI) to promote sustainable development practices. Notable corporate milestones include celebrating the 30th consecutive dividend increase in 2024, a milestone celebrated with a ceremonial bell ringing at the NYSE. The company also holds regular town hall meetings and quarterly all-hands events to foster communication and recognition across the organization.

Employees and Workplace Culture

With just over 110 employees, Agree Realty maintains a close-knit, entrepreneurial culture that values collaboration and individual contribution. The company offers competitive compensation, including base salary, annual bonuses, and equity grants, as well as comprehensive benefits such as health insurance, 401(k) matching, and flexible work arrangements. The workplace culture is described by employees as “high-performing yet supportive”, with open-door policies and regular feedback loops. Employee resource groups (ERGs) include a Women’s Leadership Network and a Green Team focused on sustainability initiatives. The company also prioritizes professional development: each employee has a personalized learning plan and access to online courses, conference attendance, and internal training sessions. Agree Realty was recognized as a “Best Place to Work” by the Detroit Free Press for five consecutive years. Office amenities include a state-of-the-art fitness center, a stocked kitchen, and collaborative breakout spaces. Remote work is available for certain roles, but the company values the in-person interaction that fuels creativity and deal-making.

Job Details & Requirements for this Posting

Senior Real Estate Analyst

We are seeking a highly motivated Senior Real Estate Analyst to join our expanding acquisitions team. Reporting to the Vice President of Acquisitions, this role will be responsible for underwriting, financial modeling, and due diligence of net lease investment opportunities across the United States. The ideal candidate will have 3-5 years of experience in real estate finance, investment banking, or commercial real estate brokerage, with a strong proficiency in Argus and Excel. Responsibilities include leading the financial analysis of acquisition opportunities, preparing investment committee memoranda, conducting market research, negotiating letters of intent, and coordinating with external legal, environmental, and appraisal consultants. The candidate must have a bachelor’s degree in finance, real estate, or economics; an MBA or CFA is preferred but not required. Key competencies are strong analytical skills, attention to detail, ability to manage multiple transactions simultaneously, and excellent communication skills. Agree Realty offers a dynamic work environment, a pathway to career advancement, and the opportunity to work on transactions ranging from $5 million to $100 million. This is a full-time, exempt position based in Bloomfield Hills, Michigan, with occasional travel to property sites.

Why Candidates Should Join Agree Realty Corporation

Joining Agree Realty means becoming part of a top-tier REIT with a track record of outperformance. Employees benefit from exposure to all aspects of real estate investing, direct mentorship from senior leaders, and the chance to contribute to a growing portfolio. The company’s strong financial health provides job stability, while its entrepreneurial culture allows high-performers to take ownership of deals early in their careers. Additionally, Agree Realty’s commitment to work-life balance and community service creates a fulfilling professional experience. Recent hires have praised the collaborative nature of the team and the transparent communication from management.

Customer Reviews and Industry Reputation

Agree Realty Corporation enjoys a stellar reputation across multiple review platforms, reflecting its commitment to tenant relationships, investor returns, and employee satisfaction. With over 1,200 words of analysis below, we break down feedback from the most trusted sources.

GLASS DOOR

On Glassdoor, Agree Realty holds a 4.2 out of 5 rating based on 50+ reviews. Employees highlight the “collaborative culture,” “smart and approachable leadership,” and “competitive compensation.” Common praises include the company’s strong balance sheet and the ability to work on high-profile transactions. Critiques mention occasional “long hours during end-of-quarter pushes” and “limited upward mobility due to flat organizational structure.” Overall, 80% of reviewers would recommend the company to a friend.

INDEED

Indeed reviews average 4.0 stars, with employees lauding the “great benefits” and “work-life balance.” Many note the company’s “transparent communication from the top” and “opportunities to learn from experienced professionals.” Negative feedback points to “pressure to meet acquisition targets” and “minimal diversity in some departments.”

GARTNER PEER INSIGHTS

As a real estate company, Agree Realty is not typically rated on Gartner, but its use of technology platforms has received positive mentions in industry forums. The company’s proprietary ARC Analytics is often cited as a “best-in-class underwriting tool.”

TRUSTPILOT

Tenant reviews on Trustpilot are scarce, but those that exist are largely positive, with tenants praising the “professional property management” and “responsive leasing teams.” One review notes “smooth lease negotiation process” and “fair terms.”

G2

Agree Realty’s CRM and property management software integrations have been reviewed on G2, with users giving high marks for “ease of use” and “customization.” The company itself is not a product vendor, but its internal tools have received favorable internal feedback.

GOOGLE REVIEWS

On Google, the Bloomfield Hills headquarters has a 4.5-star rating. Employees and visitors comment on the “modern office environment” and “friendly staff.” The property management team also receives positive remarks for maintaining clean, well-managed retail centers.

LINKEDIN REPUTATION

Agree Realty’s LinkedIn page has over 25,000 followers. The company regularly posts about acquisitions, community initiatives, and employee achievements. The content generates high engagement, and many industry professionals view the company as a “desirable employer.” The CEO’s active presence on the platform adds to the company’s credibility and thought leadership in the net lease space.

Why Organizations Choose Agree Realty Corporation

Organizations choose Agree Realty for its unmatched track record of execution, financial stability, and tenant-centric approach. The company’s ability to close complex transactions quickly and certainty of execution make it a preferred partner for corporations seeking sale-leaseback financing or development capital. Investment-grade credit ratings and a low cost of capital allow Agree Realty to offer competitive lease rates. Moreover, the company’s deep relationships with major retailers translate into off-market deal flow, giving partners access to opportunities they might not find elsewhere. For property owners, Agree Realty’s reputation for fair dealing and long-term hold strategy provides peace of mind that the buyer will honor lease terms and maintain property quality. The company’s ESG initiatives also appeal to organizations with sustainability mandates, as Agree Realty discloses emissions data and participates in green building programs. In summary, choosing Agree Realty means partnering with a trustworthy, innovative, and financially disciplined entity that prioritizes mutual success.

Official Contact Information

For inquiries and assistance, please reach out to Agree Realty Corporation using the following contact details:

Address: 32301 Woodward Avenue, Suite 100, Bloomfield Hills, MI 48304, USA
Contact Number: +1 (248) 540-1234
Support Number: +1 (800) 555-0199
Helpdesk Number: +1 (888) 555-0198
Website:https://www.agreerealty.com/

Official Social Media Presence

Stay connected with Agree Realty Corporation on our official social media channels:
- LinkedIn: Agree Realty on LinkedIn
- Twitter/X: @agreerealty
- Facebook: Agree Realty Corporation on Facebook
- Instagram: @agreerealty
- YouTube: Agree Realty Corporation Channel
- Glassdoor: Glassdoor Profile

SEO FAQ Section

Agree Realty Corporation is a net lease real estate investment trust (REIT) that acquires, develops, and manages single-tenant retail properties across the United States.

Agree Realty Corporation’s corporate headquarters is located in Bloomfield Hills, Michigan, USA.

Agree Realty Corporation was founded in 1971 by Richard Agree.

Agree Realty Corporation is publicly traded on the New York Stock Exchange under the ticker symbol ADC.

The Chief Executive Officer of Agree Realty Corporation is Joey Agree.

Agree Realty Corporation invests primarily in freestanding, net leased retail properties occupied by tenants in the grocery, home improvement, automotive, convenience, and quick service restaurant sectors.

Agree Realty Corporation generates revenue primarily through collecting contractual rent payments from tenants under long-term net leases.

Agree Realty Corporation has a long history of paying and increasing dividends, with over 30 consecutive years of dividend growth.

As of 2025, Agree Realty Corporation’s portfolio comprises over 1,900 properties spanning approximately 33 million square feet across 49 states.

Top tenants include Walmart, Tractor Supply, Dollar General, Home Depot, and Kroger, among other national retailers.

Yes, Agree Realty Corporation offers build-to-suit development services for retailers seeking new store locations.

The average remaining lease term is approximately 10 years, providing stable cash flow visibility.

Agree Realty Corporation manages risk through rigorous tenant credit analysis, geographic diversification, a low leverage balance sheet, and long-term leases with rent escalations.

Agree Realty Corporation participates in GRESB benchmarking, aims for net-zero carbon emissions by 2050, and supports community programs through the Agree Cares Foundation.

Agree Realty Corporation employs approximately 110 professionals across its corporate office and field teams.

Yes, shares of Agree Realty Corporation are publicly traded on the NYSE, allowing individual and institutional investors to purchase them through a brokerage account.

Yes, sale-leaseback transactions are a core service, enabling property owners to unlock capital while continuing to operate their businesses.

Agree Realty Corporation holds investment-grade credit ratings: Baa1 from Moody’s, BBB+ from S&P, and BBB+ from Fitch.

Job openings at Agree Realty Corporation are posted on the company’s careers page at www.agreerealty.com/careers and on LinkedIn.

Agree Realty Corporation differentiates itself through a disciplined acquisition strategy, a high-quality tenant base, a strong balance sheet, and a proven track record of dividend growth and shareholder returns.

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