Agree Realty: Patience Is Key To Unlocking Its Recovery

martin-dm/E+ via Getty Images Agree Realty Corporation (NYSE:ADC) investors have had a year to forget, as ADC posted a 1Y total return of -17.4%, a significant deviation from its 10Y total return CAGR of 12.19%. As a result, ADC bulls could point to the potential for a significant mean-reversion opportunity for the leading net lease retail REIT as we emerge from the Fed's hiking regime. I last updated ADC investors in October 2022, as I upgraded the stock. That thesis worked for three months, but ADC to ...