Joey Agree, CEO of Agree Realty Corp. (NYSE: ADC), participated in a video interview in conjunction with Nareit’s REITweek: 2022 Investor Conference in New York on June 7-9.
Agree said that Agree Realty’s consistency in balance sheet management, operating strategy execution, and capital deployment makes the company a quality triple net lease REIT.
He added that the net lease structure allows retailers to pass-through common area maintenance taxes and insurance, making Agree Realty “inflation-protected in terms of from an expense control perspective.”
“If you look at the composition of [our] portfolio today...we’re well-positioned for the consumer trade-down,” Agree said.
Agree also said the future of brick and mortar will be omnichannel, involve macro- and micro-fulfillment, and a new methodology in order to get goods to consumers.