Agree Realty Corp

Type: Public
On the web: http://www.agreerealty.com
Employees: 7
Employee growth: (30.0%)

Shopping sprees really agree with Agree Realty. The self-managed real estate investment trust (REIT) owns, develops, and manages retail real estate, primarily freestanding big-box properties. It owns some 60 retail properties in 16 mostly Midwestern states, though more than half of its properties are located in Michigan. A dozen of the REIT's properties are anchored strip malls. All told, Agree Realty owns a total of more than 3 million sq. ft. of leasable space. Its largest tenants are Borders (which accounts for about one-third of its rental revenue), Walgreen (more than 20% of rent), and Kmart (more than 10%).

Key numbers for fiscal year ending December, 2008:
Sales: $35.7M
One year growth: 3.4%
Net income: $21.5M
Income growth: 38.6%

Officers:
Chairman and CEO: Richard Agree
President, COO, and Director: Joey Agree
VP Finance, CFO, and Secretary: Kenneth R. Howe

Competitors:
Glimcher Realty
Kimco Realty
Ramco-Gershenson

abbr.aide-de-camp.

See the Introduction, Abbreviations and Pronunciation for further details.