NYSE:ADC

That's the way it feels like to me, watching all the freaking REITs just going down and down and down and down and down and down.

And the businesses to me look fundamentally strong, at least the ones I'm in, which are ADC, Agree Realty, and Vicki Properties, which if you do anything reading, I love AI.

God bless it.

It'll get better.

I can just sell them and get my $25 back.

Yeah, and that's something I've never bought a preferred.

I know there's a few listeners of this channel that like agrees, agree realty, ticker ADC, like their preferreds.

But again, it's something I don't know much about.

Welcome back to the REIT Report, where we break down real estate investment trusts, one company at a time, in a simple, clean, and realistic way.

Today we're looking at Agree Realty, ticker symbol ADC.

Agree Realty is a retail net lease REIT, which means it owns properties leased to tenants under long-term agreements.

often with the tenant responsible for many property-level expenses like taxes, insurance, and maintenance.

Like I said, around 99.7%.

But yeah, when an occupancy is high, it suggests that the properties are in demand and the company is not dealing with any major vacancy problems, which is fantabulous.

Now, I want to talk about the dividend, though, because for many REIT investors, this is the main reason they're watching a company like ADC.

ADC, sorry, Agree Realty pays a monthly dividend, which is a major selling point for income investors.