Kubra Cavus
- Agree Realty and Realty Income are often compared due to their net lease, retail-oriented structure and attractive monthly dividends.
- A substantial outperformance Agree Realty has delivered over Realty Income over the last year has left many investors wondering whether that will continue.
- The valuation gap between both entities has become wide enough to question its rationale.
- I am a shareholder in both businesses, and have tackled the question: Realty Income Vs Agree Realty: Is The Valuation Gap Justified?
Investors often compare Agree Realty (NYSE:ADC) and Realty Income (NYSE:O), as these are both triple-net lease REITs concentrating (predominantly in the case of O and completely in the case of ADC) on retail-oriented properties and both pay monthly, ever-increasing dividends.
Recent years have been quite volatile for the entire REIT sector, which has naturally affected ADC and O. This has provided investors with a handful of uncertain days and, at the same time, some attractive buying opportunities.
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