Agree Realty: 4% Yield, Monthly Dividends, Double-Digit Upside Potential Make It A Buy

Agree Realty remains a high-quality net lease REIT, offering an attractive entry point at 17x forward AFFO and a 4% yield. Its fortress balance sheet, A-credit rating, and low leverage (5.2x, or 3.7x including unsettled equity) provide significant financial flexibility.

Record investment activity and strong AFFO growth led to raised 2024 guidance, with acquisitions now expected at $1.6–$1.8B and AFFO at $4.57–$4.59. I view near-term volatility as a buying opportunity, targeting sub-$70 entries, with long-term returns driven by 5.8% growth and a robust dividend.

Looking for more investing ideas like this one? Get them exclusively at iREIT®+HOYA Capital. Learn More » Pla2na/iStock via Getty Images Introduction Agree Realty Corporation ( ADC ) recently reported Q2 earnings and saw shares rise as a result. Despite recent volatility, I believe Agree Realty still offers an attractive entry point for long-term income investors closer to 16x