W. P. Carey Vs. Agree Realty: Hell Hath No Fury Like An Income Investor Scorned

Jesus Calonge/Moment via Getty Images We covered Agree Realty Corporation (NYSE:ADC) for the first time in September 2023. Our title gave away the thesis. We liked what we saw from a debt management perspective, and we were impressed by the risk management. However, we just could not get to a buy rating with cheaper alternatives out there. The stock has meandered around a small range, and there was certainly no loss in sitting out. Seeking Alpha The irony was that we named W. P. Carey Inc. (WPC) as one of t ...