Agree Realty Corporation (ADC): A Bull Case Theory

We came across a bullish thesis on Agree Realty Corporation on ValueInvestorsClub.com by mm202. In this article, we will summarize the bull’s thesis on ADC. Agree Realty Corporation's share was trading at $72.35 as of June 27^th. ADC’s trailing and forward P/E were 40.88 and 38.61, respectively, according to Yahoo Finance.

[caption id="attachment_1235647" align="aligncenter" width="768"] Aerial city skyline highlighting a large modern office building owned by the REIT.[/caption]

Agree Realty (NYSE: ADC) is a high-conviction net lease REIT specializing in necessity-based,...