Agree Realty Corporation (ADC) 2024年年度报告「NYSE」.pdf

1、ANNUALREPORT2024Agree Realty Corporation(NYSE:ADC)is a fully-integrated,self-administered,and self-managed real estate investment trust(REIT)whose mission is to RETHINK RETAIL through the acquisition and development of properties net leased to industry-leading,omni-channel retail tenants throughout

2、the United States.Building upon the foundation of excellence established throughout the past five decades,Agree Realty continues to be a market leader in the net lease space.As of December 31,2024,our growing portfolio consisted of 2,370 properties located in all 50 states and contained approximatel

3、y 48.8 million square feet of gross leasable area.ANNUAL REPORTfor the year endedDECEMBER 31,2024201920202021202220242023Dear Fellow Shareholders,The past year was marked by macroeconomic volatility and elevated interest rates.Amid these external pressures,we focused inward.In 2024,our Companys them

4、e was DIALED IN.We enhanced processes,improved systems and provided Team Members opportunities to join other departments,driving professional development and more efficient resource allocation.We introduced a new Annual Planning Roadmap to streamline organizational planning and an Operations Alignme

5、nt Meeting to enhance cross-functional collaboration and planning.We maintained our steadfast commitment to discipline and avoided deploying capital at inferior spreads or diluting portfolio quality.These efforts strengthened the Companys foundation and further positioned us for long-term success.Ho

6、wever,this outcome was anything but certain at the beginning of the year,and the path to get here required discipline and grit.Please allow me to review our Companys accomplishments over the past year.I hope you are as proud of our terrific Team as I am.Disciplined Capital AllocationDespite the diff