Agree Realty Corporation (ADC) 2021年年度报告「NYSE」.pdf

1、ANNUALREPORT2021Agree Realty Corporation(NYSE:ADC)is a fully-integrated,self-administered,and self-managed real estate investment trust(REIT)that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading,omni-channel retail tenants throughout the Unite

2、d States.Building upon the foundation of excellence established throughout the past five decades,Agree Realty continues to be a market leader in the net lease space.At December 31,2021,our growing portfolio consisted of 1,404 assets in 47 states,containing approximately 29.1 million square feet of g

3、ross leasable area.ANNUAL REPORTfor the year endedDECEMBER 31,2021Dear Fellow Shareholders,This past year marked the 50thanniversary of our predecessor company,Agree Development,as well as another year of record performance.We continued to execute on our mission of creating opportunity by RETHINKING

4、 RETAIL,further strengtheningour best-in-class retail net lease portfolio and fortifying our balance sheet to support our robust growth trajectory.2021 marked thetenth consecutive year of record investment volume,resulting in the strongest AFFO per share growth the Company has achieved in the past d

5、ecade.Over that time,we have invested over$5.5 billion acquiring nearly 1,400 high-quality retail net lease propertiesand constructed the leading omni-channel retail portfolio in the country while returning approximately 370%to our shareholders.As I write this letter,there continues to be a great de

6、al of uncertainty in the markets driven by recent geopolitical events and other macroeconomic conditions.As we have reiterated in years past,our portfolio is not only designed to withstand,but to thrive,in periods of disruption.That remains true today,as our portfolio has never been better positione