艾格里不动产(ADC)

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The Virtuous Cycle: Why I Love 'Expensive' REITs
Seeking Alpha· 2024-01-13 21:35
REIT行业资本成本影响 - 投资者常常认为高收益意味着低预期增长,但实际上高收益通常对应着更高的风险[4] - REIT行业中,资本成本是至关重要的因素,影响着REIT的表现和投资回报[12][16] - 高质量的REIT通常能以较低的资本成本购买高质量和低收益的房产,从而保持资本成本和投资回报之间的正向差距[26] - 低质量的REIT则可能面临资本成本上升、投资质量下降的困境,导致表现不佳[27] - 高收益的REIT往往被市场定价较低,这会导致资本成本上升,从而影响其质量和增长[42] REIT行业杠杆和表现关系 - 在几个REIT行业研究中发现,低杠杆的REIT通常表现更好,无论是在高利率还是低利率环境下[48] - 高质量、低收益、低杠杆的REIT通常能够实现正向循环并在长期内表现优异[51] REIT行业案例分析 - 以净租金为主的REIT是一个很好的例子,其稳定的现金回报和资本成本匹配是成功的关键[54] - 以前的Vereit和Spirit Realty Capital的案例展示了当REIT失去市场信心和良好资本成本时,可能会陷入恶性循环,导致表现不佳[61][72] - Spirit Realty Capital Inc (SRC) 通过资本回收实现增长,但市场认为其为低质量的REIT[79] - SRC 无法摆脱恶性循环,最终被 Realty Income 收购[82][84] - Agree Realty Corporation (ADC) 成为净租赁空间中成本领导者,其质量和资本成本优势得到市场认可[88][90]
Agree Realty Declares Monthly Common and Preferred Dividends
Prnewswire· 2024-01-12 05:05
公司股利政策 - 公司宣布每股普通股月度现金股利为$0.247,年化股利金额为$2.964,比2023年第一季度的年化股利金额$2.880增长了2.9%[1] - 公司宣布每股4.25% Series A Cumulative Redeemable Preferred Stock的月度现金股利为$0.08854,相当于每年$1.0625[1] 公司物业经营 - 公司拥有和经营着2,135个物业,位于49个州,总面积约为44.2百万平方英尺,致力于通过收购和开发物业来重新思考零售业[2]
3 Stocks That Will Make You Richer in 2024
The Motley Fool· 2024-01-10 22:30
商业地产受到疫情和升息影响 - 商业地产REITs投资者遭受重创[1] - 高通胀和升息对房地产行业造成严重影响[2] REITs市场表现 - 随着衰退担忧减弱和美联储暗示今年可能降息,REITs市场表现超过整体市场[3] 具体公司分析 - AGNC Investment是一家抵押贷款REIT,提供高收益,每年支付10%至15%的股息[6] - Agree Realty是一家零售REIT,拥有多个物业,租户多样化,每年以6%的速度增加股息[10] - Alexandria Real Estate Equities是一家实验室和研究相关办公空间的REIT,股价仍低于三年高点,有望获利[16] 未来展望 - 过去15年,这三只股票的总回报表现良好,有望继续保持势头[20]
Agree Realty Announces Fourth Quarter 2023 Earnings Release Date and Conference Call Information
Prnewswire· 2024-01-09 05:05
ROYAL OAK, Mich., Jan. 8, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its fourth quarter and full year 2023 operating results after the market closes on Tuesday, February 13, 2024. A conference call to discuss the Company's operating results is scheduled for Wednesday, February 14, 2024 at 9:00 AM ET. Interested parties and shareholders may access the call via teleconference or webcast: Teleconference: USA Toll Free ...
Agree Realty: Off The Lows But Still A Long-Term Buy Candidate
Seeking Alpha· 2024-01-09 03:41
预期降息对REITs的影响 - 预期降息导致国债收益率下降,对REITs产生积极影响[3] - 高利率环境对REITs的影响:提高风险回报比,增加债务成本[4] - 预计美联储明年将进行3次降息,市场预期首次降息可能在2024年3月[7] - 低利率环境有望继续受益REITs,一些REITs仍具吸引力[8] ADC股价分析 - Agree Realty Corporation (NYSE:ADC)受益于国债收益率下降,股价上涨近19%[9] - ADC仍然具有吸引力,股价仍低于52周高点约21%[16] - ADC的价格/AFFO仍然低于平均公允价值估计[17] - 预计ADC的AFFO将在今年和明年增长约3.4%[20] - ADC的股息率约为4.75%,预计将继续增长[26] - 华尔街分析师平均价格目标为$66.23,认为ADC股价被低估[27] - 尽管价格目标有望上涨约6%,分析师仍将ADC评级为“强热门”[28] ADC租户组合分析 - ADC租户中约70%为投资级别,大多数为必需业务,有助于抵御经济衰退风险[33] - 尽管经济放缓可能对ADC股价造成影响,但其租户组合不太容易受到长期损害[36] - ADC股票从低点大幅上涨,对于长期投资者仍然是一个有价值的投资[37]
My Top 5 REIT Holdings Revealed
Seeking Alpha· 2024-01-04 20:00
Gary Yeowell/DigitalVision via Getty Images If I said it once, I said it a dozen times in December alone… 2023 did not play out as expected. Right about this time last year, I published an article titled, “My Top REIT Picks for 2023.” There, I quoted a Nasdaq article that happened to be one of the more optimistic pieces at the time: “In our view, 2023 will be a year of important ‘transitions.’ We believe the first transition will be away from a bear market to a potential bull. “History suggests attra ...
Agree Realty Announces 2023 Investment Activity & Provides Capital Markets Update
Prnewswire· 2024-01-04 05:05
Fourth Quarter Capital Markets Activity Further Fortifies Balance Sheet ROYAL OAK, Mich., Jan. 3, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced a summary of its investment activity in 2023 and provided an update on its portfolio as well as its fourth quarter capital markets activity. 2023 Investment Activity Total real estate investment activity for 2023, inclusive of acquisition, development, and Developer Funding Platform ("DFP") projects completed or currently ...
10 REITs To Buy In 2024
Seeking Alpha· 2023-12-31 15:00
Rawf8/iStock via Getty Images Let’s address the big question everyone’s asking now that Christmas is past. For the record, I hope you had a wonderful Christmas filled with every good thing… and that you managed to somehow keep the weight off from all those cookies, eggnog, and other tasty treats. If you didn’t, well… Everyone needs a good list of inspiring new year’s resolutions, right? (See my REIT Resolutions here) But even if you can miraculously step on the scale and find that your weight didn’t spi ...
Investing In The Good Life
Seeking Alpha· 2023-12-30 16:45
电影《生活真美好》主题 - 乔治·贝利在追求个人梦想和履行责任之间做出选择[5][6][7] - 友谊的重要性体现在身边人们在乔治陷入困境时伸出援手[10][11] 幸福感的影响因素 - 追求内在目标对持久幸福感有着重要影响[20][21] - 社交关系是获得健康和幸福的基础[29][30] - 健康饮食、持续学习、自然环境和有意义的工作是构建美好生活的要素[40][44][49][58] 慷慨和慈善行为 - 慷慨和慈善行为带来心理和身体健康的好处[64][66][67] 宗教信仰和心理益处 - 宗教信仰和心理/心理上的精神益处相结合,带来社会联系、终身学习、慷慨等好处[78][79] - 出席宗教活动的人通常比不信教的人更快乐[81] 感恩的重要性 - 感恩有助于加强关系、缓解心理健康问题、改善睡眠,甚至可能降低血压[86][87] 投资与生活平衡 - 投资者应通过精心组织投资组合,避免让投资占据人生中关键要素的位置,以实现更好的生活[95][96][103]
Buy These 2 REITs Before 2024 (You'll Be Glad You Did)
Seeking Alpha· 2023-12-28 15:00
Camden Property Trust基本面和历史增长率 - Camden Property Trust基本面和历史增长率非常出色[15][16][17] - Camden Property Trust具有A级信用评级,长期债务/资本比例低于40%[18] - Camden Property Trust的P/FFO为14.2倍,远低于典型估值[20] - Camden Property Trust具有稳定的FFO增长率,长期未错过预期[23] - Camden Property Trust的市值超过50亿美元,自IPO以来复合增长率达到11.3%[59] Agree Realty Corporation的租户质量和多样化 - Agree Realty Corporation的租户质量和多样化优于Realty Income[48] - Agree Realty Corporation的CEO强调公司不会妥协安全性,避免投资“风险”物业[49] - Agree Realty Corporation的债务/资产价值比为25%,固定覆盖率为5.1倍[70] - Agree Realty Corporation的CEO和其他内部人员频繁购买公司股票[76] - Agree Realty Corporation的内部人员自今年中以来至少购买了500万美元的股票[77] Agree Realty Corporation的股票价格和投资策略 - AGREE REALTY CORP (ADC:US)股价为61.91美元,较上一交易日下跌0.24%[81] - ADC股票价格仍未达到公司认为可以出售或减持的价位[82] - Agree Realty通常不会错过盈利预期,而是达到或超过预期[84] - ADC在我们的投资组合中占比至少为2.5%,如果低于此比例,我们会增加持仓[86] - 我们相信ADC和另一家REIT公司都有望长期表现优异,因此会根据流动性和其他因素增加资金配置[89] 公司投资策略和风险管理 - 我们对进入的公司变得更加保守,不预见会改变这一策略[91] - 随着通货膨胀上涨和利率上升,我们更加注重质量和价值[92] - 我们希望拥有能经得起时间考验的股票,不追求高收益、不走捷径、不超越自己的能力范围、不过于花哨[93-97]