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Agree Realty looks simple from far away: stores, rent, dividends. The useful question is sharper: can ADC keep buying long retail leases at yields that beat its capital cost?
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Albertsons has the scale, loyalty data, Own Brands, and cash flow to rebuild a standalone grocery thesis after the failed Kroger deal. The tension is whether low-margin retail, pharmacy headwinds, labor costs, debt, opioid charges, and capital returns leave en
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