Forget Agree Realty, Buy This Magnificent REIT Stock Instead

Agree Realty (NYSE: ADC) is a fairly attractive net-lease real estate investment trust (REIT). But it isn't the only net-lease REIT you can buy, nor is it the biggest. If you are a conservative investor focused on dividend consistency, you might be better off buying net-lease giant Realty Income (NYSE: O) instead. Here's a look at why.

Agree Realty has increased its dividend annually for the last nine years. The compound annual dividend growth rate over the past decade is around 6% or so. Those aren't bad stats in an industry that's known for tortoise-like performance. Digging into the story a bit, over the past 10 years, the REIT has broadened its portfolio from 109 retail properties in 2013 to 2,135 in 2023. So the growth story of the past decade is really about portfolio expansion.

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Source Fool.com