Agree Realty Corporation (ADC) 2016年年度报告「NYSE」.pdf

1、A N N U A LR E P O R T f o r t h e y e a r e n d e d D E CE MB E R 3 1,2 0 1 6A g r e e R e a l t y Co r p o r a t i o n (N Y S E:A D C)i s af u l l y-i n t e g r a t e d,s e l f-a d mi n i s t e r e d,a n d s e l f-ma n a g e d r e a l e s t a t e i n v e s t me n t t r u s ts e l f-ma n a g e d r

2、e a l e s t a t e i n v e s t me n t t r u s t(R E I T)f o c u s e d o n t h e a c q u i s i t i o n a n dd e v e l o p me n t o f p r o p e r t i e s n e t l e a s e d t oi n d u s t r y-l e a d i n g r e t a i l e r s t h r o u g h o u t t h eU n i t e d S t a t e s.B u i l d i n g u p o n t h e f

3、 o u n d a t i o n o fe x c e l l e n c e e s t a b l i s h e d t h r o u g h o u t t h ee x c e l l e n c e e s t a b l i s h e d t h r o u g h o u t t h ep a s t f o u r d e c a d e s,A g r e e R e a l t y c o n t i n u e st o b e a ma r k e t l e a d e r i n t h e n e t l e a s es p a c e.A t D e

4、 c e mb e r 3 1,2 0 1 6,o u r g r o wi n gp o r t f o l i o c o n s i s t e d o f 3 6 6 a s s e t s i n 4 3 s t a t e s,c o n t a i n i n g a p p r o x i ma t e l y 7.0 mi l l i o ns q u a r e f e e t o f g r o s s l e a s a b l e s p a c e.Dear Fellow Shareholders,Our culture at Agree is built upon

5、 five Core Values that guide our decisions and drive our actions:constantly challenging ourselves to improve and learn,an ownership mentality,consistent and persistent,disciplined,and strategic thinkers and actors.These principles push us to identify the best risk-adjusted opportunities in an ever-c

6、hanging retail landscape,and to ensure that we effectively execute our operating strategy.In 2016,we continued the transformation of our Company with another year of record performance.We added 92 high-quality net lease properties to our best-in-class retail portfolio,which has been carefully crafte