Agree Realty All Set To Join S&P MidCap 400 Next Week

Start generating passive income through real estate.

Own a piece of your favorite cities through diversified real estate investments in the country's top markets

*Terms and conditions apply. Visit Nada's website for more details.

Agree Realty Corp. ADC, which is a constituent of the S&P SmallCap 600, is all set to join the S&P MidCap 400 on Feb. 6, 2023.

Agree Reality will replace STORE Capital Corp. STOR in the MidCap 400 index, while Comstock Resources Inc. CRK will replace Agree Reality in the SmallCap600, according to a statement issued by S&P Dow Jones Indices.

The S&P MidCap 400 is a benchmark index published by Standard & Poor’s made up of 400 companies with a market capitalization of between $3.6 billion and $13.1 billion. The index was launched in 1991.

See Also: Best REITs to Buy In January 2023

The company commenced operations as a Real Estate Investment Trust (REIT) in 1994 with an initial public offering of 2.5 million shares.

Agree Realty terms itself as an “industry leader” in the acquisition and development of properties leased to retailers in the United States. That industry is worth over $8 billion, according to the company’s website.

As of December 2023, Agree Realty owned and operated a portfolio of 1,839 properties located in 48 continental states spanning nearly 38 million square feet of gross leasable space. 

Read Next: Apple Executives Reportedly Imposed Rules On Employees Deemed Illegal By Federal Agency

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Mid CapNewsREITReal EstateRealtyS&P MidCap
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...