RBC Capital Says Agree Realty Corporation (ADC)'s Q4 Deal Activity Remains Within Guidance

Agree Realty Corporation (NYSE:ADC) is included among 10 Best Monthly Dividend Stocks to Buy Now.

On January 6, RBC Capital trimmed its price target on Agree Realty Corporation (NYSE:ADC) to $79 from $80 and kept an Outperform rating. The firm said fourth-quarter acquisitions came in slightly below its expectations, though still within management’s guidance. Cap rates landed where RBC expected, according to the research note.

The company’s dividend history can look confusing at first glance. When Agree Realty shifted from a quarterly to a monthly payout in 2021, it appeared as if the dividend was cut. On an annual basis, that was not the case. The REIT has raised its dividend every year since emerging from the 2008–09 financial crisis. Over the past decade, the payout has grown at a 5.3% compound annual rate. Two increases in 2025 pushed the dividend another 3.6% higher.

That pattern looks sustainable. Agree Realty continues to grow its portfolio and plans to invest up to $1.65 billion in real estate during 2025. Tenant relationships remain a strength, with weighted average lease terms of more than nine years already in place. Taken together, steady acquisitions and long leases support the case for consistent, incremental dividend growth.

Agree Realty Corporation (NYSE:ADC) operates as an integrated real estate investment trust focused on owning, acquiring, developing, and managing net-leased retail properties.

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