Agree Realty Corporation (ADC) 2013年年度报告「NYSE」.pdf

1、.AGREE REALTY COVER REF#$jobid sig:1 A Process Cyan 03/17/2014 16:22:29.AGREE REALTY COVER REF#$jobid sig:1 A Process Magenta 03/17/2014 16:22:29.AGREE REALTY COVER REF#$jobid sig:1 A Process Yellow 03/17/2014 16:22:29.AGREE REALTY COVER REF#$jobid sig:1 A Process Black 03/17/2014 16:22:29.AGREE REA

2、LTY COVER REF#$jobid sig:1 B Process Cyan 03/17/2014 16:22:29.AGREE REALTY COVER REF#$jobid sig:1 B Process Magenta 03/17/2014 16:22:29.AGREE REALTY COVER REF#$jobid sig:1 B Process Yellow 03/17/2014 16:22:29.AGREE REALTY COVER REF#$jobid sig:1 B Process Black 03/17/2014 16:22:29 We are pleased to r

3、eport the results of our 2013 activities including a review of our expanding portfolio and strong operating results.This past year,we endeavored to continue executing on a number of strategic objectives,including expanding and diversifying our real estate portfolio,growing a high-quality earnings st

4、ream and maintaining our robust balance sheet.Please allow us a few moments to review the Companys progress towards these initiatives.Expanding&Diversifying our Best-in-Class Portfolio:During the course of 2013,the Company invested approximately$100 million in 24 high-quality assets net leased to in

5、dustry-leading retailers at an average cap rate of 8.4%.Our acquisition,development and joint venture platforms produced superior risk-adjusted opportunities in 17 states across the country.Approximately 56%of this newly generated rental income is derived from tenants that carry an investment grade

6、credit rating.As the Company expanded its portfolio from 109 properties to 130 properties,net of dispositions,we did not sacrifice quality.This past year,our Acquisition Team transacted on 18 assets for an aggregate purchase price of approximately$73 million.These properties are leased to 13 differe