Here's Why Agree Realty Can Keep Paying You for Years
Agree Realty (NYSE: ADC) is in the business of developing and leasing net-lease retail properties. As a real estate investment trust (REIT), it's legally bound to pay out at least 90% of its taxable income as dividends to shareholders. As the chart below shows, this Detroit-based trust has seriously smoked Realty Income, the standard-bearer of retail REITs, in total return since the turn of the century.