Alex Bacon

Alex Bacon asked how Agree Realty's evolution into a 'full suite real estate platform' has influenced conversations with existing retailers and attracted new ones, seeking to understand the impact on its capabilities and relationships.

Answer

President and CEO Joey Agree highlighted that being a full suite platform enables holistic conversations with retailers, offering an entrepreneurial approach across all phases of a transaction's life cycle, from new development to lease extensions and sale-leasebacks. He emphasized the unique value proposition of combining the entrepreneurial DNA of a private real estate company with the $12-$13 billion balance sheet, A-minus credit rating, significant liquidity, and premier cost of capital of a publicly traded REIT. This allows them to grow existing relationships and launch new verticals with retailers.

Alex Bacon inquired how the company's evolution into a full-suite real estate platform has influenced conversations with existing retailers and attracted new retailers seeking its comprehensive capabilities.

Answer

President and CEO Joey Agree explained that the full-suite platform enables holistic conversations with retailers, offering an entrepreneurial approach across all transaction lifecycle phases, from new development to lease extensions and sale-leasebacks. He highlighted the unique value proposition of combining entrepreneurial DNA with a $12-$13 billion A-minus rated balance sheet and significant liquidity, fostering strong relationships and new project opportunities.