Agree Realty (NYSE:ADC) is engaged in the acquisition and development of single tenant properties that are leased to primarily national tenants. Currently, the company owns 128 properties in 36 states with about 3.8 million leasable square feet. Leading up to the financial crisis, shareholders experienced superior total returns in ADC shares. However, shares fell more than 70% from their peak to bottom around $10 in 2009 but have since risen back to trade over $30 as of this writing. After the wild ride long-term holders of the stock have been on, the question becomes, after the huge rebound in shares, is it time to sell? This article will examine ADC's business and financials in light of its...
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