Agree Realty Snapshot
Shopping sprees really agree with Agree Realty. The self-managed real estate investment trust (REIT) owns, develops, and manages retail real estate, primarily freestanding big-box properties. It owns more than 75 retail properties in primarily midwestern states. A dozen of the REIT's properties are anchored strip malls. All told, Agree Realty owns a total of more than 3 million sq. ft. of leasable space. Its largest tenants include Borders, Kmart, and Walgreen. National tenants make up 90% of Agree's revenues. Agree considers acquisitions to diversify its portfolio and grow its stable of long-term tenants. The REIT was founded in 1971 by CEO Richard Agree.