While the market tries to guess where the US real estate sector is headed, the three most powerful people within the real estate corporation Agree Realty Corp made unusual insider purchases.
During May and June, we identified a coordinated and massive wave of insider purchases by the REIT's management worth millions of dollars in the open market.
It started with the CEO, Joey Agree, who purchased over $1 million worth of shares with his personal funds.
It continued with his father, company founder and chairman of the board Richard Agree, who added another $357,000 to the family's position.
But the most interesting move came from board member, the former US ambassador to the UAE, John Rakolta.
Rakolta served as the US ambassador to the UAE, was a critical behind-the-scenes player in the Abraham Accords, and serves as chairman of one of the largest industrial construction companies in the US.
This is a person with a deep macro understanding and global political connections, who made an insider purchase of $1,500,000 worth of the company's shares with his personal funds.
From the outside, most people see 'a real estate company.'
From the inside, they understand well that their business model is based on triple net lease (NNN) contracts (the tenant bears most operating costs – property taxes, insurance, and maintenance), which ensures a stable cash flow for the company where the tenant bears most operating costs.
The company beat estimates in Q1 2026 with earnings of $0.50 per share and raised its annual guidance to a range of $4.54–$4.58 per share.
Additionally, Norway's sovereign wealth fund made a very large purchase of the company's shares with a massive new position of $116 million in the company.
When individuals of this caliber purchase shares together at the same price levels...
We ask: what do these guys know that we don't?