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Sheryl Kaul

Research Analyst at Wells Fargo & Company

Sheryl Kaul is an Equity Analyst at Wells Fargo & Company, focusing on the consumer and retail sectors with a specialization in U.S. specialty retail and apparel companies. She covers a range of notable firms within this space, analyzing market trends and delivering actionable investment recommendations to institutional clients. Kaul’s career in equity research spans several years, with prior analytical roles at firms including Morgan Stanley and Credit Suisse before joining Wells Fargo. She holds FINRA Series 7, 63, 86, and 87 licenses, reflecting her extensive professional credentials and commitment to industry standards.

Sheryl Kaul's questions to AGREE REALTY (ADC) leadership

Sheryl Kaul's questions to AGREE REALTY (ADC) leadership • Q2 2025

Question

On behalf of John Kielczewski, Sheryl Kaul asked for an update on Agree Realty's tenant watch list and the final outcome of the previously vacated Big Lots properties.

Answer

President and CEO Joey Agree and CFO Peter Coughenour confirmed the watch list is now 'de minimis' following the resolution of the At Home and Big Lots situations. Agree noted the At Home asset is under contract to be sold. He also detailed that most former Big Lots locations have been successfully re-leased at significant rent increases to tenants like Aldi, with only one or two remaining to be addressed.

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