JPMorgan Chase is mentioned as a case study in the investor deck regarding tenants vacating ground leases.
Source Post
The Ground Up: CEO Interview With Joey Agree of Agree Realty (ADC)
Sep 18, 2026
This interview with Joey Agree, CEO of Agree Realty (ADC), discusses insider buying, the recent interest rate hike, and the growth of the net lease REIT sector. The conversation highlights Agree Realty's transformation from a small company to an S&P MidCap constituent and touches on the concept of diversification versus "worsification" in business strategy.
Linked Mentions
Tickers discussed in this post
Burlington is highlighted as a sub-investment grade retailer that Agree Realty is a big fan of and works closely with, fitting their necessity-based framework.
AMC is mentioned as a tenant in the portfolio that received an upgrade, though the company is not a fan of movie theaters.
Dutch Brothers is highly recommended due to its consumer-driven model, significant expansion in the Carolinas, and a strategic pivot to build-to-suit financing which reduces capital requirements.
Casey's is mentioned as a large player in the convenience store sector with significant real estate holdings, and the creator suggests an activist investor might explore sell-leaseback opportunities.
Kroger is mentioned as one of the retailers with whom Agree Realty has completed sale leaseback transactions.
Sherwin-Williams is cited as a prime example of a successful sale leaseback transaction for Agree Realty.
Tractor Supply is mentioned as a prime example of a successful sale leaseback transaction for Agree Realty.
Walmart is considered a "fairly good buy right now" with a better valuation than Costco, and the company generates mid-double-digit returns on invested capital.
Brad Thomas notes recent insider buying in Agree Realty (ADC) and suggests it's a good time to buy stock in the company.
Linked Signals
Tracked calls opened from this post
BROSbuy opened Sep 18, 2026
-5.65%