Joey Agree, president and CEO of Agree Realty (NYSE: ADC), sat down for a video interview during Nareit’s REITworld: 2025 Annual Conference in Dallas, Dec. 8-11.
Agree said the company’s ability to raise full-year guidance in 2025 reflects strength across all of its investment platforms.
“We’re deploying capital across all three platforms with the biggest and best retailers across the country,” he said, noting that acquisitions, development, and the developer funding platform are “all really firing on all cylinders right now.” That diversified approach has allowed Agree Realty to deploy capital “in a creative manner, both qualitatively and quantitatively.”
Looking ahead, Agree emphasized the company’s financial flexibility. With more than $2 billion of liquidity at the end of the third quarter and an average acquisition timeline of roughly 70 days, the company is positioned to move quickly as opportunities arise.
“We’ll be prepared for any situation as we always are from a balance sheet perspective,” he said, adding that deep pipelines in development and developer funding provide strong visibility.
From an investment standpoint, Agree said the focus remains consistent: non-discretionary, core consumer goods and services. He cited off-price retail, auto parts, grocery, and other necessity-based retailers as key areas of emphasis.