Agree Realty

The revenue base is highly recurring and contractual. As of March 31, 2026, occupancy was 99.7% with a 7.8-year weighted-average lease term and only 0.9% of ABR expiring in 2026. Tenant quality is robust, with 65% of ABR from investment-grade credits and exposure concentrated in everyday, e-commerce-resilient categories.

Ground leases (10.1% of ABR) add further durability. These factors underpin steady AFFO per share growth and low volatility.