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S&P assigns Agree Realty BBB
S&P said it assigned a BBB rating to Agree Realty Corp. and its operating subsidiary, Agree LP.
“Agree Realty Corp. owns, develops, and operates a portfolio of retail assets, net-leased to primarily investment-grade national and regional companies throughout the U.S. The company has expanded substantially over the past few years, and we expect continued growth in 2020 and 2021 despite some potential cutback in acquisition activity amid current market volatility, with management leveraging its tenant relationships to acquire properties with good credit quality,” said S&P in a press release. The outlook is stable
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