ROYAL OAK, Mich.--(BUSINESS WIRE)--Agree Realty Corporation (NYSE: ADC) (the “Company”) today announced that Fitch Ratings (“Fitch”) has assigned the Company an A- issuer rating with a stable outlook. According to Fitch’s press release, the A- issuer rating reflects the Company’s superior tenant credit quality with a focus on investment grade tenants as well as tenants whose products are less exposed to e-commerce or who have successfully adapted omnichannel strategies. In addition, Fitch noted
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What is the market's perception of the stable outlook and how might it influence investor sentiment?
How will the A- rating from Fitch affect Agree Realty's stock price in the short term?
How does this new rating compare to the current ratings of peer REITs and competitors in the sector?
Will the emphasis on investment grade tenants and omnichannel strategies improve the company's lease renewal rates and occupancy levels?
What impact could the rating have on the company's borrowing costs and access to capital markets?
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What is the expected effect on the company's valuation multiples (e.g., P/FFO, EV/EBITDA) following the rating announcement?
Will this rating lead to any changes in the company's strategic acquisition or development plans?
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