Leon Schurgin - Agree Realty Independent Director

ADC Stock  USD 55.83  0.65  1.18%   

Director

Mr. Leon M. Schurgin is an Independent Director of the Company. He is currently Of Counsel to the law firm of Dawda, Mann, Mulcahy Sadler, PLC, and in his capacity as an attorney at Dawda, previously served as counsel to the Company. From 2007 to September 2012, he was a member in the law firm of Bodman, PLC, one of Michigans largest law firms since 2004.
Age 75
Tenure 20 years
Address 32301 Woodward Avenue, Royal Oak, MI, United States, 48073
Phone248 737 4190
Webhttps://www.agreerealty.com
Schurgin holds a Bachelor’s Degree in Business Administration from the University of Michigan, a Juris Doctorate Degree, Magna Cum Laude, from Wayne State University and a Masters of Law Degree in Taxation from Wayne State University. He is also a certified public accountant. The Board has determined that it is in the best interests of our Company and our stockholders for Mr. Schurgin, in light of his significant legal experience in the acquisition, development, financing and sale of shopping centers and free standing commercial properties and his accounting experience as a certified public accountant, to continue to serve as a director of the Board.

Agree Realty Management Efficiency

The company has Return on Asset of 0.0224 % which means that on every $100 spent on assets, it made $0.0224 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0347 %, implying that it generated $0.0347 on every 100 dollars invested. Agree Realty's management efficiency ratios could be used to measure how well Agree Realty manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.05, whereas Return On Capital Employed is forecasted to decline to 0.03. At present, Agree Realty's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 7.2 B, whereas Other Current Assets are projected to grow to (92.6 M).
The company has 2.47 B in debt with debt to equity (D/E) ratio of 0.41, which is OK given its current industry classification. Agree Realty has a current ratio of 4.68, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Agree Realty until it has trouble settling it off, either with new capital or with free cash flow. So, Agree Realty's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Agree Realty sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Agree to invest in growth at high rates of return. When we think about Agree Realty's use of debt, we should always consider it together with cash and equity.

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Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. The Companys common stock is listed on the New York Stock Exchange under the symbol ADC. Agree Realty operates under REITRetail classification in the United States and is traded on New York Stock Exchange. It employs 57 people. Agree Realty (ADC) is traded on New York Stock Exchange in USA. It is located in 32301 Woodward Avenue, Royal Oak, MI, United States, 48073 and employs 72 people. Agree Realty is listed under Diversified REITs category by Fama And French industry classification.

Management Performance

Agree Realty Leadership Team

Elected by the shareholders, the Agree Realty's board of directors comprises two types of representatives: Agree Realty inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Agree. The board's role is to monitor Agree Realty's management team and ensure that shareholders' interests are well served. Agree Realty's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Agree Realty's outside directors are responsible for providing unbiased perspectives on the board's policies.
Eugene Silverman, Independent Director
Simon Leopold, Chief Financial Officer, Executive Vice President, Company Secretary
Matthew Partridge, CFO, Executive VP and Secretary
Joel Agree, President, Chief Executive Officer, Director
Michael Judlowe, Independent Director
Karen Dearing, Independent Director
Larry Kaufman, Chief Improvement
Josh Bratton, Director Development
John Rakolta, Independent Director
Danielle Spehar, General Counsel
Dan Theeck, Director Compliance
Leon Schurgin, Independent Director
Kenneth Howe, Interim CFO, Director of Tax and Secretary
Peter Coughenour, Chief Financial Officer, Company Secretary
Richard Agree, Executive Chairman and Chairman of Executive Committee
Gene Silverman, Independent Director
Stephen Breslin, Deputy Chief Accounting Officer
Brian Hawthorne, Director Finance
Jerome Rossi, Independent Director
Farris Kalil, Independent Director
Clayton Thelen, Chief Financial Officer, Secretary
William Rubenfaer, Independent Director
Laith Hermiz, Chief Operating Officer, Executive Vice President
W Lehmkuhl, Lead Independent Director
Joey Agree, CEO and President Director and Member of Executive Committee
David Wolff, Chief Accounting Officer
Merrie Frankel, Independent Director
Craig Erlich, Lead Independent Director
Nicole Witteveen, Executive Vice President - People and Culture, Chief of Staff
Michael Hollman, Independent Director
Daniel Ravid, Chief Administrative Officer, Treasurer
Gregory Lehmkuhl, Director

Agree Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Agree Realty a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Agree Realty

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Agree Realty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Agree Realty will appreciate offsetting losses from the drop in the long position's value.

Moving together with Agree Stock

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The ability to find closely correlated positions to Agree Realty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agree Realty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Agree Realty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Agree Realty to buy it.
The correlation of Agree Realty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agree Realty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agree Realty moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Agree Realty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Agree Realty offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Agree Realty's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Agree Realty Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Agree Realty Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agree Realty. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade Agree Stock refer to our How to Trade Agree Stock guide.
Note that the Agree Realty information on this page should be used as a complementary analysis to other Agree Realty's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Agree Stock analysis

When running Agree Realty's price analysis, check to measure Agree Realty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Agree Realty is operating at the current time. Most of Agree Realty's value examination focuses on studying past and present price action to predict the probability of Agree Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Agree Realty's price. Additionally, you may evaluate how the addition of Agree Realty to your portfolios can decrease your overall portfolio volatility.
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Is Agree Realty's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Agree Realty. If investors know Agree will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Agree Realty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.01)
Dividend Share
2.919
Earnings Share
1.7
Revenue Per Share
5.646
Quarterly Revenue Growth
0.237
The market value of Agree Realty is measured differently than its book value, which is the value of Agree that is recorded on the company's balance sheet. Investors also form their own opinion of Agree Realty's value that differs from its market value or its book value, called intrinsic value, which is Agree Realty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Agree Realty's market value can be influenced by many factors that don't directly affect Agree Realty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Agree Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agree Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agree Realty's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.