Joey Agree, president and CEO of Agree Realty Corp. (NYSE: ADC), sat down for a video interview at Nareit’s REITweek: 2026 Investor Conference in New York, June 1-4.
Agree said the company has entered 2026 from a position of strength, supported by $2.4 billion in liquidity. All three of the company’s external growth platforms, acquisitions, development, and developer funding, are performing well, he said, with approximately $425 million invested in the first quarter and a significant second quarter expected.
“We're finding opportunities across the spectrum with what we call our sandbox of retailers, the biggest and best retailers in the country,” Agree noted.
Rather than viewing current conditions as a capital allocation challenge, Agree said the company is focused on finding opportunities that meet its qualitative standards and can ultimately deliver accretion to shareholders.
Agree emphasized that the REIT’s portfolio is concentrated in retailers selling nondiscretionary, low price necessities—positioning the company to benefit as consumers trade down amid inflation, elevated borrowing costs, and pressure on household budgets. “We don't do fun, we don't do experiential, we don't do anywhere you take your kids. We're focused on those basic core, low price point necessities,” he said.