Group 1 - The article discusses the perspective of a dividend-focused investor considering which stocks to include in a portfolio if starting fresh today, particularly for retirees [1] - The investor emphasizes a preference for quality over quantity in selecting dividend-paying companies, aiming to build a portfolio that can supplement retirement income within the next 5-7 years [2] - The investor's goal is to assist lower and middle-class workers in building high-quality, dividend-paying investment portfolios to achieve financial independence [2] Group 2 - The article includes a disclosure of a beneficial long position in specific stocks such as ADC, VICI, and VZ, indicating a personal investment interest [3] - It is noted that the article is not providing financial advice and encourages readers to conduct their own due diligence [2][4] - The article highlights that past performance is not indicative of future results, and no specific investment recommendations are made [4]

Core Insights - Companies with a strong history of dividend payments and increases are attractive to income-focused investors, with Philip Morris, Rexford Industrial Realty, and Agree Realty being notable examples [1] Philip Morris - Philip Morris International Inc. has raised its dividends for 17 consecutive years, with the latest increase on Sept. 19 raising the quarterly payout from $1.35 to $1.47 per share, resulting in an annual figure of $5.88 per share [3] - The current dividend yield for Philip Morris is 3.77% [3] - The company's annual revenue as of Sept. 30 is $39.99 billion, with Q3 2025 revenues reported at $10.85 billion and EPS of $2.24, both exceeding consensus estimates [3] Rexford Industrial Realty - Rexford Industrial Realty Inc. has increased its dividends for 12 consecutive years, with a recent 3% increase on Feb. 5 to $0.43 per share, equating to an annual figure of $1.72 per share [5] - The company maintained its dividend payout at the same level in the latest announcement on Oct. 13, with a current dividend yield of 4.21% [5] - The annual revenue as of Sept. 30 is $997.93 million, with Q3 2025 revenues of $246.76 million, which missed the consensus estimate of $249.71 million, while EPS of $0.60 exceeded the consensus of $0.42 [6] Agree Realty - Agree Realty Corp. is a real estate investment trust focused on acquiring and developing properties leased to leading omnichannel retail tenants [7]

Core Viewpoint - Agree Realty Corporation (ADC) is a strong real estate investment trust (REIT) with a solid financial foundation and consistent dividend payments, making it an attractive investment option for income-seeking investors [1][2][5]. Financial Performance - ADC's asset base exceeds $9 billion, showcasing its financial strength and stability [2][6]. - The company has a market capitalization of approximately $8.11 billion and a trading volume of 532,452 shares, indicating its significant presence in the REIT sector [5]. Stock Performance - As of November 25, 2025, ADC was priced at $75.19, with Wells Fargo maintaining an "Overweight" rating and increasing its price target from $81 to $83 [1][6]. - Currently, ADC is priced at $75.18, reflecting a 1.14% increase with a price change of $0.85, and has shown volatility over the past year with a high of $79.65 and a low of $67.58 [4]. Dividend and Preferred Stock - ADC has a 30-year history of consistent dividend payments, appealing to investors seeking reliable income [2][6]. - The preferred stock, ADC.PR.A, offers a yield of 5.88% and is rated BBB-/BBB/Baa2, making it an attractive option for conservative investors [3][6].

Core Insights - The article discusses the investment landscape in the real estate sector, particularly focusing on the performance and potential of various real estate investment trusts (REITs) and housing-related companies [2][3]. Group 1: Company Insights - Hoya Capital Research & Index Innovations is affiliated with Hoya Capital Real Estate, which provides investment advisory services and focuses on publicly traded securities in the real estate industry [2]. - The commentary emphasizes the importance of market commentary and research in understanding the dynamics of the real estate sector [2]. Group 2: Industry Insights - The real estate industry is highlighted as having unique risks associated with investments in real estate companies and housing industry companies [2]. - The article notes that past performance of market data does not guarantee future results, indicating the volatile nature of the real estate market [3].

Core Insights - The article focuses on Agree Realty Corporation (ADC) and its financial health, particularly its preferred stock (ADC.PR.A) which is characterized by a very strong balance sheet [1] Financial Health - Agree Realty Corporation is noted for having a very strong balance sheet, indicating solid financial stability and potential for growth [1] Preferred Stock Characteristics - The preferred stock of Agree Realty Corporation (ADC.PR.A) is highlighted, suggesting it may present attractive investment opportunities due to the company's financial strength [1]

Core Insights - The article focuses on Agree Realty Corporation (ADC) and its financial health, particularly its preferred stock (ADC.PR.A) which is characterized by a very strong balance sheet [1] Financial Health - Agree Realty Corporation is noted for having a very strong balance sheet, indicating solid financial stability and potential for growth [1] Preferred Stock Characteristics - The preferred stock of Agree Realty Corporation (ADC.PR.A) is highlighted, suggesting it may present attractive investment opportunities due to the company's financial strength [1]

Core Insights - Most dividend stocks provide payments to investors on a quarterly basis, while corporate bonds and government Treasury bonds typically offer interest payments semi-annually, indicating a preference for less frequent income distributions [1] Group 1 - Monthly passive income is highlighted as an effective strategy to assist with monthly expenses and other costs, suggesting a growing interest in investment vehicles that provide more frequent cash flow [1]

Core Insights - Agree Realty (ADC) is a net lease REIT that has demonstrated consistent performance, with results this quarter exceeding expectations and guidance being raised again [1][2] - The company reported its largest quarterly investment volume since the COVID pandemic, deploying over $450 million across various platforms while maintaining disciplined underwriting [1] Financial Performance - FFO and AFFO metrics surpassed consensus estimates by $0.02, with the revised midpoint for full-year 2025 AFFO per share slightly above analyst expectations at $4.32 [2][4] - The company ended the quarter with approximately 111.5 million weighted-average shares outstanding and has around 14 million unsettled forward shares available for future acquisitions [6] Acquisition and Investment Strategy - ADC invested $451 million during Q3 2025 across 110 high-quality retail net lease assets in 34 states, with a 7.2% cap rate and a 10.7-year weighted-average lease term [10] - The company continues to find attractive properties in a competitive market, reinforcing its long-standing strategy of long leases and high credit quality [7] Guidance and Outlook - Revised guidance for 2025 includes an increase in AFFO per share from a range of $4.29 to $4.32 to a new range of $4.31 to $4.33, along with adjustments in other financial metrics [8] - Treasury yields have been falling, which may positively impact valuations for net lease REITs in future quarters, suggesting potential for a modest increase in price targets [13] Equity Issuance and Forward Sales - ADC has been selective in issuing shares to fund acquisitions, utilizing forward sales to align funding with acquisition timing and prevent idle cash on the balance sheet [3][5] - The company was active in initiating forward sales during Q3 2024, but has slowed down since then due to a large amount of shares waiting to be settled [4]

Core Insights - Defence Therapeutics Inc. is advancing its proprietary Accum® technology to enhance antibody-drug conjugates (ADCs) for cancer treatment, aiming to overcome current limitations in ADC efficacy and toxicity [1][5]. Company Developments - The company has successfully engaged with ADC companies at industry conferences, positioning itself as a supplier of its Accum® platform to improve drug delivery precision and reduce toxicity in cancer therapies [2][5]. - Defence has conducted studies demonstrating that its Accum® technology can significantly enhance the potency of ADCs, with a recent study showing a ~20-fold increase in anti-tumor efficacy in mouse models when comparing Accum®-Kadcyla to Kadcyla® alone [4]. Technology and Innovation - The Accum® technology allows for the precise delivery of ADCs in their intact form to target cells, which is expected to lead to increased efficacy and potency against cancer [6]. - The company aims to transform ADC cancer therapies by applying its Accum® technology across various antibodies and indications, establishing itself as a leader in ADC drug delivery [5].

Core Insights - Alarm.com has launched the ADC-V730, its first Wi-Fi spotlight camera, featuring 4MP video resolution and proactive threat prevention capabilities [2][4] Product Features - The ADC-V730 includes built-in video analytics that detect people, animals, or vehicles, triggering an integrated spotlight and activating Perimeter Guard® and AI Deterrence (AID) protocols [3][4] - AID provides AI-generated verbal responses to deter threats in real-time, enhancing security measures [3][4] - The camera offers a 129° horizontal field of view, dual-band Wi-Fi connectivity, and supports microSD cards up to 1TB for continuous recording [6] Deployment and Usability - The V730 is designed for streamlined deployment, utilizing Bluetooth® Enrollment technology for quick connections and fewer service callbacks, benefiting both technicians and DIY customers [5] - The camera's features are aimed at providing service providers with operational advantages and improving customer experience [5] Market Availability - The ADC-V730 is currently available through Alarm.com service providers in North America, with plans for international availability in the near future [7]