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ADC posts strong Q2 with record acquisitions and raised guidance, but valuation remains less attractive than peers.

Company Fundamentals
01 Aug 2026
Seeking Alpha
View Source
Bullish
pluang ai news

ADC reported a strong second quarter marked by record acquisition activity and robust AFFO growth, leading to raised guidance across key financial metrics. The company benefits from a low cost of capital and maintains a conservative balance sheet with a net debt to EBITDA ratio of 3.7x. Growth is driven by aggressive equity issuance, though the current valuation offers lower yield compared to peers and is similar to risk-free assets. The analyst maintains a Hold rating, acknowledging solid internal execution but awaiting a more attractive valuation relative to competitors and safer investment options.

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