Group 1: Company Overview - Sun Communities is a leading player in mobile home parks and RV resorts, expected to benefit from the growing older population, providing a lower-cost living option [3] - Agree Realty focuses on single-tenant net-lease retail properties, with a portfolio of approximately 2,400 properties, indicating significant room for growth through acquisitions [5] Group 2: Dividend Comparison - Agree Realty offers a higher dividend yield of 4.2% compared to Sun Communities' yield of just under 3.4%, making it more attractive for income-focused investors [6] - Sun Communities has increased its dividend annually for nine consecutive years, while Agree Realty has a longer history of dividend increases since 2012, despite a switch to monthly payments [7] - Over the past decade, Sun Communities' dividend has grown at an annualized rate of roughly 4%, while Agree's has grown at approximately 5%, indicating a stronger growth rate for Agree [8] Group 3: Future Growth Potential - The net-lease retail property niche presents a larger opportunity set compared to the mobile home park sector, as it is generally easier to build retail properties than to get new mobile home parks approved [9] - Agree Realty's growth strategy is primarily driven by acquisitions, positioning it for robust long-term growth compared to Sun Communities [10]