Editor’s Note: After waking up on the wrong side of the bed this morning, the stock market is finding its footing this afternoon.
The fact is folks are anxiously awaiting the Trump administration’s big tariff announcements. Now, I suspect today’s announcement will be more favorable than some expect. We’ll know more following this afternoon’s event in the White House.
But rest assured, folks, I am following the developments closely and will weigh in with my thoughts in tomorrow’s Market 360. I’m also shooting a video interview with InvestorPlace Editor-in-Chief Luis Hernandez to explain what we learned about the tariffs and how investors can best position themselves to profit in this environment.
In the meantime, today is the last day to catch the replay of the special Technochasm broadcast I recently filmed with my InvestorPlace colleagues Eric Fry and Luke Lango. In it, we discussed the emerging, massive economic divide that’s being driven by AI’s explosive growth.
While most investors are focused on tariffs, we shouldn’t ignore the fact that the forces behind the Technochasm will be some of the most disruptive (but also profitable) opportunities of our lifetimes. And as you’ll learn from Luke today, one of those destructive forces is robotics.
For years, artificial intelligence has been trapped behind screens, powering chatbots and crunching data. But the next big revolution in AI won’t just talk. It will walk, move, and workin ways very similar to us.
I’m talking, of course, about humanoid robots.
These creations are finally stepping out of science fiction and into reality, possibly poised to become the most disruptive AI advancement yet. From factory floors to elder care, these machines could easily reshape industries, redefine labor… maybe even challenge what it means to be human.
But don’t just take my word for it.
Everyone who’s anyone in the tech world is betting on humanoid robots being the next big AI breakthrough. Elon Musk, the world’s richest man, is certainly all-in on them.
His firm Tesla Inc. (TSLA) has created a humanoid robot called Optimus, which is already being used inside Tesla factories to complete a variety of tasks. The company plans to ramp Optimus production to use them in its factories worldwide. It’s said that next year, it will start selling its robots to outside companies. And after that, it aims to offer them to consumers like you and me. We could soon have our own personal humanoid robot assistant in our homes, doing everything from unloading groceries and cleaning to safeguarding our house while we’re away.
Clearly, Musk thinks humanoid robots are big business. In fact, on a recent Wall Street conference call, he said that he thinks “Optimus will be overwhelmingly the value of the company” with“the potential to be north of $10 trillion in revenue.”
Those are bold statements.
Yet, his bullishness on this breakthrough tech is not isolated.
Big Tech’s Sweeping Bullishness
Meta (META) CEO Mark Zuckerberg is just as enthusiastic about a humanoid robot ‘takeover.’
He just created a new business unit within the company that is dedicated to the development of humanoid technology. Reportedly, Meta isn’t trying to create a full robot but, rather, an underlying software platform that robot-makers like Tesla can integrate into their bots.
Meanwhile, Apple (AAPL) – the world’s largest company – has research teams within its own AI business that are working to develop robotics technologies. According to analysts, Apple is considering a range of robotics systems, from simple devices to complex humanoid machines, as part of a future smart home ecosystem where everything is automated.
Alphabet (GOOGL) has also been investigating robotics technology and just invested in humanoid robotics startup Apptronik.
NVIDIA Corporation (NVDA) just launched a new family of foundational AI models called Cosmos designed to help humanoid robots navigate the real world.
OpenAI – maker of ChatGPT – is reportedly considering embarking on a humanoid endeavor.
And Microsoft (MSFT) has partnered with Sanctuary AI to build general-purpose humanoid robots.
It seems the race is on!
And that means humanoid robots are coming soon – maybe to your very own home…
The Final Word on Humanoid Robots
Here’s the thing about Big Tech companies. They have enough money and talent that when they decide to do something, it is only a matter of time before they get it done.
Nearly all have decided to tackle humanoid robots. They will get it done, likely within a few years. We could see ~$20,000 humanoid robots for sale on Tesla’s or Amazon’s websites by this decade’s end. These robots could be in millions of homes by the time 2030 rolls around.
That’s why I’m bringing your attention to Elon Musk and his AI robot, Optimus, today.
I think it has the potential to profoundly change the world and go down in history as Musk’s greatest achievement.
But this next stage of the AI Revolution is about much more than just robots.
This next phase is creating something my InvestorPlace colleagues, Eric Fry and Louis Navellier, and I call the Technochasm. It’s something we’ve been talking about for five years now.
See, there is a shift ripping through the economy – a split that will create a vast chasm between the haves and have-nots. The end result? The biggest wealth shift since the Industrial Revolution.
How you position yourself on the right side of the growing chasm is crucial. That’s where we come in.
Just last week, Eric, Louis, and I held an urgent briefing to share a groundbreaking AI announcement that could make or break investors moving forward.
P.S. Louis here again. I know the market has been a bit sloppy today, folks. But hopefully, this afternoon’s tariff announcements will clear the way for the market to begin rallying.
Namibia marked a milestone in its history on March 21, when Netumbo Nandi-Ndaitwah was sworn in as the country’s first female president. At 72, she joins a small group of female African national leaders, following Ellen Johnson Sirleaf (Liberia), Joyce Banda (Malawi), and Samia Suluhu Hassan (Tanzania), all of whom attended her inauguration.
Nandi-Ndaitwah secured 57% of the vote, defeating her main rival, Panduleni Itula of the Independent Patriots for Change (IPC), who garnered 26%. Itula, a former member of the Southwest Africa People’s Organization (SWAPO), struggled to unseat the ruling party, which has held power since Namibia gained independence in 1990. SWAPO, founded in 1960, has been the dominant force in Namibian politics for over 64 years. The election, marred by a controversial three-day voting extension, faced opposition protests, but Nandi-Ndaitwah’s victory stood, reaffirming SWAPO’s grip on power despite its declining voter base.
One of her first moves was a cabinet reshuffle, reducing the number of ministers from 21 to 14 and giving it a female majority for the first time, with eight women and six men. The move signals a push for gender inclusivity and, her supporters hope, greater governance efficiency and economic stability.
Nandi-Ndaitwah’s leadership will be tested as Namibia faces major economic and social challenges, including a 30% unemployment rate, 46% youth joblessness, slow GDP growth, and a rising 71% debt-to-GDP ratio. She finds herself with a tall order: to create jobs, tackle inequality, and drive economic reforms.
Recent online stories about pennies allegedly worth $124 million and billion-dollar 1976 Bicentennial quarter dollars are either false or grossly misleading, advises the Professional Numismatists Guild (www.PNGdealers.org), a nonprofit organization composed of many of the country’s top rare coin experts.
A misleading online video prompted the owner of this silver dollar to mistakenly think it was a mint-made error worth thousands of dollars. However, the damage was inflicted after it left the United States Mint and reduced its value to only its silver content, about $25. (Photo courtesy of JMS Coins.)
“Unfortunately, these clickbait stories and videos with absurdly inflated rare coin values often get picked up by major search engines. The misleading or inaccurate stories raise false hopes to people who may mistakenly think they have a fortune when in fact their coins may only be worth face value or have drastically less collector value than they were led to believe,” cautions John Feigenbaum, Executive Director of the Professional Numismatists Guild (PNG).
“For consumer protection and education, it is important to rely only on expert sources, such as long-time hobby/trade publications and price guides as well as members of the Professional Numismatists Guild and the PNG’s trusted partner, Numismatic Guaranty Company (www.NGCcoin.com). Depend on experts when you want coins evaluated for authenticity and market value,” emphasized PNG President James Sego.
Numismatic Guaranty Company offers a free online price guide (www.NGCcoin.com/price-guide/united-states) where anyone can determine the approximate retail value of their old coins.
“Recent headlines that proclaim a rare penny might be worth more than $100 million or a 1976 Bicentennial quarter might be worth $1.5 billion are pure fantasy. The highest price ever paid for a rare coin sold at auction was $18.9 million. Also, some deceptive headlines and stories claiming you might find a certain rare coin in circulation involve genuine coins that have not been produced or in pocket change for a century or more,” stated Feigenbaum who also serves as Publisher of Greysheet (www.Greysheet.com), an authoritative rare coin price guide.
PNG President Sego recalled a recent encounter with a disappointed coin owner:
“The customer mistakenly believed he hit the rare coin jackpot because of a misleading video he watched online. He thought his 1926 silver dollar was incorrectly made at the United States Mint with severe gouges and now could perhaps be worth tens of thousands of dollars. However, the deep scratches on the coin occurred after it left the Mint, and because of that unsightly damage the coin is now only worth melt value, about $25 for its silver content.”
“If you don’t know rare coins, you better know your rare coin experts,” emphasized Sego.
The Professional Numismatists Guild was founded in 1955. The group’s motto is “Knowledge, Integrity, Responsibility,” and PNG members must adhere to a strict code of ethics (www.PNGdealers.org/ethics) in the buying and selling of numismatic merchandise.
For a list of PNG member-dealers, visit online at www.PNGdealers.org and click the Find A PNG Dealer link at the top of the page, or contact PNG by phone at 951-587-8300 or by email at [email protected].
Monthly dividend stocks distribute their dividends on a monthly basis, providing a smoother income stream to their shareholders.
In addition, many of these companies are shareholder-friendly, i.e., they do their best to maximize their distributions to their shareholders.
As a result, many of these stocks are great candidates for income investors’ portfolios.
You can download our full Excel spreadsheet of all monthly dividend stocks (along with metrics that matter, like dividend yields and payout ratios) by clicking on the link below:
In this article, we will analyze the prospects of Phillips Edison & Company (PECO), a relatively new monthly dividend stock in the public markets.
Business Overview
Phillips Edison & Company is an experienced owner and operator exclusively focused on grocery-anchored neighborhood shopping centers. It is a Real Estate Investment Trust (REIT) with an interest in 316 shopping centers, including 294 wholly-owned centers and 22 centers owned through three unconsolidated joint ventures. This portfolio comprises nearly 36 million square feet spread across 31 U.S. states.
Phillips Edison has a 30-year history, but it began trading publicly only in the summer of 2021. Its management owns 8% of the company, and its interests align with the shareholders.
Shopping centers are experiencing a secular decline due to the shift of consumers from brick-and-mortar shopping to online purchases, which has accelerated during the COVID-19 pandemic.
However, Phillips Edison is well-protected from this trend. It generates ~70% of its rental income from retailers that provide necessity-based goods and services and has minimal exposure to distressed retailers.
The strong foot traffic is a testament to the strength of the REIT’s business model, which also enables the trust to increase its rents on a regular basis.
On February 6th, 2025, Phillips Edison & Company released its Q4 results for the period ending December 31st, 2024. For the quarter, total revenues were $173 million, 2.1% higher year over year.
Same-store NOI rose by 16.5% to $110.4 million, and new and renewal leasing spreads landed at 30.2% and 20.8%, respectively, while the occupancy rate was strong at 97.7% – all of which were encouraging.
Despite slightly higher interest and operating expenses, Nareit’s FFO for the quarter grew by 12% to $83.8 million. Nareit FFO per share was $0.61, up from $0.56 last year. For the year, Nareit FFO totaled $2.37, compared to $2.25 in 2023.
During the quarter, the company acquired five shopping centers for a total of $94.6 million.
For fiscal 2025, management expects Nareit FFO per share to be between $2.47 and $2.54. This implies a 5.9% year-over-year growth at the midpoint.
Growth Prospects
As Phillips Edison became public only recently, it has a very short performance record, and it is somewhat challenging to forecast its future growth with any degree of precision.
On the other hand, REIT has several growth drivers in place.
First, it pursues growth by raising its rent regularly. Rent hikes are included in its leases, and the trust raises its rents faster when it leases a property to a new tenant.
It also pursues growth by redeveloping its properties when the returns are attractive.
As Phillips Edison currently owns less than 300 properties, it obviously has immense growth potential, though it will have to issue plenty of new units to fund its acquisitions.
Overall, Phillips Edison has several growth drivers in place and ample room for future growth, but it is prudent to keep somewhat conservative expectations due to the trust’s short performance record.
Based on the company’s historical leasing margins, same store NOI growth, and portfolio composition, we forecast FFO/share growth of 3% through 2030.
Competitive Advantages & Recession Performance
Phillips Edison’s competitive advantage lies in its focus on retailers that provide necessity-based goods and services. This focus renders the REIT more resilient to the secular decline of shopping centers than other retail-focused REITs and more resilient to recessions than most of its peers.
On the other hand, Phillips Edison performed its IPO only a few years ago, so it has not been tested during a recession. Therefore, its defensive business model has yet to be tested.
Dividend Analysis
Phillips Edison pays its dividends monthly and currently offers a 3.3% dividend yield. The trust’s expected payout ratio is 49% for 2025. It has an investment-grade balance sheet and a BBB credit rating from S&P.
Moreover, it has well-laddered debt maturities and no material debt maturities for the next two years. Furthermore, most of its total debt has a fixed rate, which is paramount in the current environment of rising interest rates. Therefore, the dividend should be considered safe for the foreseeable future.
As a side note, while Phillips Edison has an investment-grade balance sheet, its leverage ratio (Net Debt to EBITDA) currently stands at 5.0. This is at the very upper limit of our comfort zone (5.0) and reveals the eagerness of management to invest in the aggressive expansion of the trust.
Nevertheless, we believe that a lower leverage ratio is necessary to make the REIT more resilient to unexpected downturns.
Additionally, the 3.3% dividend yield of Phillips Edison is somewhat lower than the median dividend yield of the REIT sector. However, the ~50% payout ratio of the stock is lower than the median payout ratio of the REIT sector.
This means that Phillips Edison prefers to retain a greater portion of its earnings in order to invest more aggressively in its expansion. Overall, Phillips Edison’s dividend proposition is in line with the average stock of the REIT sector.
Final Thoughts
Monthly dividend stocks are attractive because they enhance the positive effect of compounding. However, some of these stocks are highly speculative, with high payout ratios and vulnerability to recessions.
Therefore, investors should perform their due diligence carefully before investing in this group of stocks.
Phillips Edison seems much better than a typical monthly dividend stock, as it has a healthy payout ratio and a fairly resilient business model. Nevertheless, its short history and somewhat leveraged balance sheet create some uncertainty.
Overall, we have fairly low total return expectations for PECO, but we see the appeal of the stock for its yield and monthly payouts.
Don’t miss the resources below for more monthly dividend stock investing research.
And see the resources below for more compelling investment ideas for dividend growth stocks and/or high-yield investment securities.
Thanks for reading this article. Please send any feedback, corrections, or questions to [email protected].
El Salvador’s Stock Exchange (BVES) is the first in Latin America to offer digital assets. Digital Exchange, BVES’ digital arm, will provide products after receiving the go-ahead from the National Commission for Digital Assets (CNAD) to be a digital asset provider.
BVES claims it is the first regional stock exchange to establish a platform dedicated to the custody, issuance, management and trading of digital assets.
Rolando Duarte, president of BVES, said in a statement, “With Digital Exchange, we position ourselves at the forefront of financial innovation. Our mission is to provide market participants and local and international investors with a transparent and accessible platform that reflects the future of global finance.”
El Salvador has forged ahead with a plan to modernize finance in the region. It has recognized Bitcoin as legal tender (although this has since been rescinded), offered to headquarter a Central American stock exchange and crypto firm Tether, and drafted specialist legislation for alternate financial vehicles.
BVES acknowledges the assistance of Koibanx, which specializes in tokenization and blockchain infrastructure. The 2022 Digital Asset Issuance Law is the basis for the 39 registered asset providers in the country.
One of the first tests for Digital Exchange will be the tokenization of the Guatemala Interoceanic Consortium. Using the COINGT digital asset, the group wants to finance $325 million to unite the Atlantic and Pacific oceans, which will be achieved via ports, rail and a multimodal transport megaproject. The finance will be used in two tranches to pay for land acquisition, move the current plot owners, and pay suppliers. Ultimately, the consortium hopes to have a 231-mile property from Jutiapa to Ciudad Barrios.
“We are paving the way toward a digital financial ecosystem,” says BVES executive director Valentín Arrieta, “Digital Exchange opens the doors to new financial opportunities, connecting companies, institutional clients, and natural investors with the possibilities offered by digital assets, positioning the Exchange as a leader in innovation in the region.” According to a CNAD report, more than $5 billion in digital asset issuances were approved in 2024.
Ethereum has emerged as a leading cryptocurrency and its impact extends into the online gambling sector. Ethereum uses decentralized architecture and smart contracts to deliver secure betting platforms that provide both transparency and anonymity for sports enthusiasts. You’ve arrived in the right location to begin your journey from conventional betting platforms into the thrilling world of cryptocurrency wagering.
Our analysis covers the top Ethereum-based sports betting platforms available in 2025. We’ll analyze each platform’s unique features and limitations to help you choose where to deposit your bets wisely.
Let’s briefly discuss Ethereum’s popularity as the preferred platform for online sports betting before we proceed to the list. Ethereum stands out in the crypto world as a high-performance sports car because it delivers more than basic transport functions between points by combining style and efficiency.
Enhanced security: Ethereum uses blockchain technology to ensure that all transactions are permanently recorded on an unchangeable distributed ledger. The betting process becomes extremely secure against tampering through Ethereum’s technology.
Greater anonymity: Ethereum betting platforms enable users to place bets while maintaining greater anonymity compared to traditional betting sites which demand comprehensive personal details.
Faster transactions: Say goodbye to lengthy processing times! Ethereum transactions speed outpaces traditional methods which enables quick fund deposits and withdrawals.
Transparency and fairness: Smart contracts on Ethereum automate bet execution while maintaining transparency which removes intermediary requirements and builds platform trust amongst users.
Discover our ranking of the best Ethereum sports betting sites for 2025
Explore our expertly selected list of top Ethereum sports betting sites while recognizing their individual advantages and disadvantages.
1. Jackbit – 100 free spins for 1st-time depositors
Jackbit operates as an all-encompassing crypto casino with an extensive variety of games which covers slots and table games along with live casino experiences. The platform provides a specialized sportsbook that covers numerous traditional sports like soccer and basketball along with esports titles such as Starcraft and League of Legends.
Jackbit offers payment flexibility through 18 different cryptocurrencies and fiat money options with support for Bitcoin, Ethereum, Tether, and BNB. Visa, Mastercard, Google Pay and Apple Pay remain available to users who prefer traditional payment systems.
Jackbit offers various promotions specifically designed for new players. Bettors who deposit at least $20 for their first time receive a bonus betting (up to $100) offer. Players at the casino get access to 100 free spins by making a minimum deposit of $50. Players receive rewards through the Rakeback VIP Club promotion based on their accumulated wagering totals.
Jackbit features a comprehensive sportsbook that provides Ethereum sports bettors access to numerous traditional sports and esports events. The full cashback on your opening bet serves as a protective measure for new users. Jackbit stands out as a preferred choice for players because of its extensive selection of more than 6,000 casino games, straightforward rakeback system and its cryptocurrency-friendly features.
Pros:
New users get 100 free spins on the Book of Dead slot.
First sports bet loss is refunded 100%, up to $100.
The platform offers over 6,000 games, including slots, live casino, and sports betting.
Withdrawals are processed within minutes, making it one of the fastest crypto casinos.
Cons:
A $50 minimum deposit is required to claim the free spins.
The small font size makes the interface hard to read.
Fiat payment options are limited, with a focus on crypto.
2. Crypto-Games.io – 200% deposit bonus up to 20,000 USDT
Crypto-Games.io stands out as a contemporary internet casino with diverse gaming options including slot machines and live casino experiences. Players can place bets on major sporting events through the platform’s specialized sportsbook feature.
New players receive a 200% bonus of up to 20,000 USDT that requires 40x wagering for their first deposit, 35x for their second, and 25x for their third deposit. Crypto-Games players can anticipate special jackpot promotions together with a 10% weekly rakeback after receiving the Welcome Bonus. The referral program lets players collect rewards whenever they bring in new friends.
Crypto-Games runs the special “Level Up” promotion for dedicated players which operates as a VIP system rewarding them according to their gaming behavior. Successive gameplay results in increased rewards until the highest tier delivers a maximum of 25% rakeback and 600 free spins.
The interface of Crypto-Games.io provides a contemporary minimalist experience specifically designed for Ethereum betting. The platform offers only 4,000 games in its catalog but delivers value to players through reduced wagering requirements over several deposits and a comprehensive sportsbook offering.
Pros:
New players can get a 200% bonus up to 20,000 USDT over their first three deposits.
Wagering requirements drop with each new deposit until the bonus is released.
Offers a wide range of betting options for sports and esports.
All games are provably fair for transparency and trust.
Cons:
The game library includes 4,000 titles, smaller than many competitors.
There’s no clear list of restricted countries on the site.
The $50 minimum withdrawal may not suit casual bettors.
3. Betpanda – 100% bonus up to 1 BTC on first deposit
Betpanda combines an online casino with a best-in-class sportsbook platform to deliver over 6,000 games options including slots and table games along with live dealer options while providing a comprehensive betting service for major sports and esports.
The system allows users to transact utilizing various cryptocurrencies including Bitcoin and Ethereum which provides transactional flexibility and quick processing. New members receive attractive welcome bonuses and loyal customers enjoy ongoing promotions along with a rewarding VIP program. Betpanda creates an engaging and flawless experience for casino enthusiasts and sports betting fans through its user-friendly interface and a variety of gaming options together with strong security measures.
Betpanda delivers an intuitive and sleek user interface for Ethereum sports betting alongside comprehensive coverage of major sports events through its sportsbook. Players of all types can access the platform because of its minimal $0.10 deposit requirement while the 10% weekly cashback program provides consistent rewards.
Pros:
You can start playing with a minimum deposit of just $0.10.
Get 10% of your weekly net losses back through cashback.
The platform offers over 6,000 games, including slots and live casino.
Sports betting covers all major competitions.
Cons:
The 100% bonus up to 1 BTC is less competitive than others.
Crypto support is limited compared to other platforms.
There’s no fiat option, as Betpanda operates solely with crypto
4. WSM Casino – 200% up to $25,000 + 50 free spins & 10 free bets
WSM Casino arrived late to the cryptocurrency gambling market yet established itself rapidly with an energetic community and an impressive casino platform that includes its own sportsbook. The casino achieved rapid success because of its outstanding promotional deals.
New users will receive a 200% welcome bonus package that reaches up to $25,000 in either fiat or cryptocurrency. WSM Casino provides frequent players with its well-designed VIP Club which offers top players up to 20% cashback as well as free spins and additional benefits.
WSM Casino maintains its appeal through its proprietary WSM token which serves as the platform’s native betting currency and loyalty program token while rewarding WSM holders with benefits such as 200 free spins upon depositing via WSM and staking rewards for WSM stakers. The WSM Dashboard stands out by enabling players to rapidly view total wagers across all casino games and sports betting sections which promotes transparency.
The WSM Casino represents a fresh gaming platform that merges cryptocurrency elements with popular internet memes. The platform offers numerous Ethereum sports betting markets along with enhanced features such as the WSM token which provides additional rewards. Sports enthusiasts receive significant benefits from the 200% bonus offer of up to $25,000 together with ongoing free bet promotions.
Pros:
New players get a 200% bonus up to $25,000, plus 50 free spins and 10 free bets.
The native WSM token offers profit sharing and exclusive rewards.
The interface is sleek, user-friendly, and packed with meme culture.
Sports and esports betting options cover a wide range of events.
Cons:
Launched in 2023, the casino lacks an established track record.
Fiat payment options are limited, with a focus on crypto.
The 60x wagering requirement is higher than most competitors.
5. Bets.io – 150% up to 1 BTC + 100 free spins
Bets.io serves crypto users with its extensive selection of slot games and live casino offerings alongside table games. Bets.io obtains its games from top industry providers including Pragmatic Play, Evolution Gaming, and Hacksaw Gaming. Players can place sports bets on over 30 sports through Bets.io which features both traditional sports and major esports competitions.
The betting platform Bets.io extends numerous promotions and bonuses to both new sign-ups and existing players. Players who make their first deposit with up to 1 BTC will double their funds and get 100 free spins to play Max Miner. Through daily competitions players earn extra USDT prizes which supplement their casino game winnings. Bets.io offers robust cryptocurrency support for Bitcoin and Ethereum together with USDT and USDC stablecoins and multiple popular altcoins.
Through its integration of over 11,000 games with a competitive sportsbook platform Bets.io provides Ethereum users with numerous betting options including diverse sports and esports opportunities. With the 50% OnlyWin FreeBet and 150% Hunting Bonus sports bettors receive exceptional value alongside easy navigation through the platform’s modern interface.
Pros:
The platform offers over 11,000 games, including slots, table games, and live casino.
New players get a 100% bonus up to 1 BTC plus 100 free spins.
Sports and esports betting options are widely available.
A sleek, responsive interface makes navigation easy.
Cons:
The platform is restricted in several countries, so check local regulations.
Bonus play has a low $2 max bet limit, which can feel restrictive.
Bonuses expire in 30 days, which may not suit casual players.
6. BC.Game – BC.Game – 470% up to $1,600 + 400 free spins
BC.Game stands out as a cryptocurrency casino because its design leads the industry when compared to other blockchain gambling platforms. The platform’s user interface demonstrates responsiveness and modern aesthetics while maintaining perfect scalability across mobile devices’ smaller displays. The touch controls on BC.Game match native mobile apps for iOS and Android devices even though BC.Game operates solely as a web app.
BC.Game impresses users with its modern UI and UX while offering an extensive range of games and attractive bonuses. The platform features thousands of slot machines together with table games as well as lottery options and live casino gaming choices for players. The platform offers a sportsbook feature that lets players wager on a wide range of major sports competitions including soccer and racing events.
New players receive a maximum bonus of $1,600 together with complimentary bonuses such as free spins and roll competitions. Players can advance through levels to unlock higher multipliers for bonus rewards by collecting points through a progress ladder system. There is a recharge bonus available that enables players to gain additional rewards when they make follow-up deposits. Users can carry out transactions on eighteen major blockchain networks through the platform which supports Bitcoin, Ethereum, Dogecoin, and XRP among others.
BC.Game distinguishes itself through extensive betting choices alongside a 200% bonus for first-time sports wagers. The platform offers more than 9,000 games and a highly optimized mobile interface making it perfect for Ethereum users who seek both variety and easy-to-use features. BC.Game provides a flawless gaming experience across its range of slots, table games, lottery options and esports betting.
Pros:
New players get a 470% bonus up to $1,600 and 400 free spins.
First-time sports bettors receive a freebet that triples their initial wager.
The platform offers over 9,000 games, one of the largest selections in crypto gaming.
A sleek, responsive interface makes it easy to use.
Cons:
The 35x wagering requirement is on the higher side.
The native BCD token can’t be traded on external platforms.
Crypto support is limited compared to other casinos.
7. Bitz Casino – 100% up to $1,000 on 1st deposit
Bitz Casino quickly established its reputation after its 2023 launch through its expansive library of over 4,000 games along with an integrated sportsbook and flexible crypto and fiat payment options. Users can top up their Bitz Casino accounts through cryptocurrencies like Bitcoin and Ethereum or fiat currencies through Visa, Mastercard, and Tinkoff. The platform provides slots and table games as well as live casino experiences alongside crash games and esports betting options for Dota 2, Counter-Strike, and League of Legends. The platform exceeds expectations with its Telegram bot that transforms mobile gaming experiences.
Bitz Casino delivers a no-deposit 240 USDT bonus for Thunder and Love slot players in addition to its 100% welcome bonus up to $1,000. The industry-leading 29x wagering requirement stands out as exceptional while the narrow range of available cryptocurrencies could deter some players from using Bitz Casino. Bitz Casino stands out as an excellent option for betting enthusiasts due to its Android APK availability, diverse login choices and comprehensive sportsbook offerings.
Bitz Casino stands out as an ideal platform for Ethereum sports betting supporters because it features instant ETH deposits and withdrawal options that ensure smooth transaction processes. The platform offers extensive sports and esports markets including football and MMA up to League of Legends and Counter-Strike which provides numerous betting possibilities. The platform’s low 29x wagering requirement makes bonus money easy to convert to real cash and mobile-friendly features including Telegram bot allow users to place bets while they are mobile. Bitz Casino provides Ethereum users seeking fast transactions and secure betting options with low wagering demands a comprehensive sports betting experience.
Pros:
Bitz Casino offers low wagering requirements, starting at just 29x.
Withdrawals are processed within minutes, making payouts fast and reliable.
The sportsbook covers a wide range of sports and esports events.
Telegram bot integration enhances the mobile gaming experience.
Cons:
Crypto support is limited compared to some competitors.
The 100% bonus up to $1,000 isn’t as competitive as others.
The platform doesn’t support fiat, which may deter some users.
8. MyStake – 300% Bonus Up to $1,500
MyStake is an online casino that offers dozens of casino games through leading industry providers including Pragmatic Play, Play’n GO and Hacksaw Gaming. The platform maintains a catalog of approximately 7,000 unique casino games. MyStake offers betting options on mainstream sports including football, basketball and tennis as well as top esports titles like Counter-Strike, League of Legends, Rocket League, Dota 2 and Valorant to sports betting fans.
MyStake provides an exclusive VIP loyalty program where active users earn rewards that increase with their points total. Players receive benefits such as enhanced rakeback rates and free spins when they reach each VIP level along with weekly cashback and additional rewards. Once players attain VIP level 5 or above they receive a dedicated VIP manager who works to improve their casino experience. New users on MyStake gain access to multiple promotions which feature welcome bonuses, free spins, and crypto cash back options.
MyStake needs to expand its cryptocurrency support because it currently accepts only BTC, ETH, XRP, BCH, USDT, XMR, XLM, and DASH.
MyStake serves as a reliable choice for Ethereum holders who want to access casino games and sports betting opportunities. The MyStake sportsbook features both traditional and esports betting options while providing customized bonuses to sports betting fans. The crypto deposit bonus of 300% up to $1,500 serves as an additional incentive for newcomers.
Pros:
The platform offers over 7,000 games, including slots and live casino tables.
Sports and esports betting is available across various categories.
A sleek, responsive design makes navigation easy.
Cons:
Crypto support is limited compared to other platforms.
The 300% bonus up to $1,500 isn’t as competitive as others.
The interface can feel a bit cramped despite its modern look.
9. FortuneJack – 500% up to 150,000 USDT + 500 free spins
Since 2014, FortuneJack has maintained a strong presence as an online casino. The casino provides an extensive selection of games such as slots, table games, and live dealer games. Players on the platform can access an extensive sports betting section.
FortuneJack Casino provides a wide choice of games and presents multiple bonuses and promotions for both new and current members including the 150,000 USDT welcome package and a VIP program for big spenders. A free spins promotion at the casino can be unlocked without making any deposit. FortuneJack Casino prioritizes security and fair play while using advanced encryption technology to safeguard player data and transactions. Regular audits verify the casino games maintain fair play standards.
FortuneJack has operated in the crypto betting industry since 2014 and delivers Ethereum sports betting for a wide array of events including esports. Players who want to get the most out of their deposits will find FortuneJack’s 500% welcome package combined with 500 free spins to be an excellent choice. FortuneJack stands out as a trusted choice for both casual players and experienced bettors because of its reliable service record and extensive experience.
Pros:
New players get a 500% bonus on their first four deposits, up to 150,000 USDT, plus 500 free spins.
A no-deposit bonus of 100 free spins is available upon registration.
Sports and esports betting covers a wide range of events.
Cons:
A $25 minimum deposit is required to claim the welcome bonus.
The platform only accepts crypto, with no fiat payment options.
With 3,000 games, the catalog is smaller than many competitors.
10. Playbet – 480% up to 4 BTC + 800 free spins
Playbet.io has rapidly established itself as a prominent name within the crypto casino market. The casino provides new players with a substantial welcome bonus of up to 4 BTC and 800 free spins which players can claim through specific promo codes across their first four deposits. The Welcome Bonus promotion at Playbet.io caters to both casino players and sports bettors with multiple sportsbook promotions that include free bets. Playbet.io attracts players with weekly promotions like a Wednesday Bonus and Friday Free Spins which boost the gaming experience.
The VIP Club at Playbet.io provides loyal players with exclusive bonuses and perks which positions Playbet.io as a premier destination for Bitcoin and crypto casino enthusiasts. Playbet.io matches other casinos on our list with its strong cryptocurrency support capabilities. This platform provides support for the most widely used cryptocurrencies such as Tether and Bitcoin along with Ethereum, Litecoin, and additional options. Playbet.io lets non-crypto users buy cryptocurrencies via its partnership with the third-party payment processor Mercuryo.
Playbet delivers an exhilarating combination of standard sports betting and esports wagering options for Ethereum cryptocurrency users. New users benefit from the platform’s generous 480% welcome bonus which goes up to 4 BTC in addition to 800 free spins. The platform offers high-volume bettors exclusive benefits which become even more valuable through its intuitive interface and VIP program.
Pros:
New players get a 480% bonus up to 4 BTC across four deposits, plus 800 free spins.
Withdrawals are processed within minutes, making it one of the fastest crypto casinos.
The sportsbook offers a wide range of sports and esports betting options.
A sleek, responsive design ensures smooth and easy navigation.
Cons:
The 45x wagering requirement is higher than average.
Crypto support is limited compared to some competitors.
The platform doesn’t accept fiat, which may limit its appeal.
How to choose the best Ethereum sports betting site
The abundance of choices makes selecting an appropriate Ethereum sports betting site a daunting task. Here are some key factors to consider:
Security and reputation
Look for licenses: The platform must receive regulation from an established and reputable authority.
Provably fair: Choose sports betting sites that operate through blockchain technology to guarantee fair gameplay.
User reviews: Learn from the experiences of other players to understand their opinions about the platform.
Bonuses and promotions
Welcome bonuses: Choose substantial offers that provide a significant advantage.
Ongoing promotions: Search for daily cashback offers and free spin opportunities as well as VIP rewards programs.
Wagering requirements: Evaluate the terms to confirm they are reasonable and within reach.
User experience
Interface: The platform features a streamlined modern design which provides straightforward navigation.
Mobile support: Verify that the platform offers flawless functionality when accessed from your mobile phone.
Customer support: Find available 24/7 customer support through live chat and email services.
Payment options
Cryptocurrencies: Ensure the platform supports your preferred coins.
Fiat options: Check if traditional payment methods are available.
Transaction speed: Fast deposits and withdrawals are a must.
Game variety
Sportsbook: The sportsbook platform needs to provide a comprehensive selection of sports and esports betting opportunities.
Casino games: The sportsbook should offer multiple options for slots, table games and live dealer experiences.
The bottom line
The rising adoption of cryptocurrency will further establish Ethereum’s importance in the online sports betting sector. Ethereum attracts users to online betting because it delivers better security combined with transparent processes and faster transaction speeds than standard platforms.
Real Estate Investment Trusts, or REITs, are a core holding for many income investors due to their high dividend yields.
The coronavirus pandemic was devastating for many REITs. It especially hit the hospitality industry hard, including REITs in that industry.
Apple Hospitality REIT Inc. (APLE) is a REIT that pays a monthly dividend. Monthly dividend stocks pay shareholders 12 dividends per year instead of the more typical quarterly payments.
We created a list of all 76 monthly dividend stocks (along with important financial metrics such as dividend yields and payout ratios). You can download the spreadsheet by clicking on the link below:
Apple Hospitality has a 7.9% dividend yield, which is high. The high current yield and monthly dividend payouts make APLE an appealing stock for income investors.
This article will discuss this REIT in greater detail.
Business Overview
Apple Hospitality owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States.
As of February 24th, 2025, Apple Hospitality owned 220 hotels with 29,688 guest rooms in 37 states and the District of Columbia.
APLE’s hotel portfolio consists of 100 Marriott-branded hotels, 119 Hilton-branded hotels and five Hyatt-branded hotels.
On February 24th, 2025, APLE reported fourth-quarter results. The company reported strong Q4 and full-year 2024 results. Q4 net income rose 43.6% to $29.8M, while full-year net income increased 20.6% to $214.1M. Adjusted EBITDAre grew 6.7% in Q4 and 6.9% for the year. RevPAR improved 4.3% in Q4 to $107.65 and 2.5% annually to $115.34.
The company paid $1.01 per share in distributions (6.5% yield) and repurchased $35M in shares. It acquired two hotels for $196M and sold seven for $71.7M. Debt remained stable at $1.48B, with a 28.5% debt-to-cap ratio. CEO Justin Knight highlighted strong travel demand. Apple Hospitality owns 221 hotels with 29,764 rooms across 86 markets.
Growth Prospects
Since it first began reporting FFO/share in its annual reports (2011), Apple Hospitality initially generated very impressive annualized FFO/share growth thanks to its growing scale (due in large part to a merger in 2015), effective and efficient business model, and strong economic tailwinds in the United States during that period.
However, this growth rate has slowed dramatically recently, largely due to the Covid-19 outbreak and an accompanying downturn in the hotel industry that was further accelerated by the rise of companies like AirBnB.
Still, we expect growth to resume in the years ahead. Specifically, we forecast 1.0% compound annual growth of FFO-per-share over the next five years.
Apple Hospitality’s growth prospects will mostly come from an increase in rents. They were also selling less-profitable properties to acquire more beneficial properties.
Other growth drivers will come from long-term cost savings. The company has an expense reduction ratio target of 0.80 – 0.90. This is accomplished by increasing the cross-utilization of managers and associates.
Scaling to renegotiate vendor contracts and optimize labor management software that is already in place can also help reduce overall costs.
Lastly, stock buybacks will boost per-share FFO growth.
More locations and market diversification should help the company continue to grow its FFO for years to come. This will also allow the company to start increasing its dividends.
The company’s dividend history is not long, as it became public in 2015. The stock pays its dividend monthly, which is attractive to many income investors. In 2016, the company increased its annualized dividend substantially by 50%, from a $0.80 rate to a $1.20 rate.
However, in the following years, the dividend stayed at that same rate until 2020, when the COVID-19 pandemic forced the company to cut its dividend and freeze it to a $0.30 rate for the year.
The company resumed dividends in 2021. APLE currently pays a $0.08 monthly dividend, which equates to $0.96 per share annually.
The company’s healthy balance sheet helps support the dividend. APLE has some of the lowest debt-to-equity in the sector, plenty of liquidity, and a well-laddered debt maturity profile.
With an expected 2025 dividend payout ratio of approximately 61% in terms of FFO, we view the dividend as secure, although a steep recession would put the dividend at risk.
Apple does not have a recorded history as a public trust during a typical recession. Therefore, it is hard to judge its recession resilience, other than to compare it to hotel REITs.
Typically, during a recessionary period, hotel REITs experience significant income losses. Therefore, Apple is likely not very recession-resistant.
However, its concentration in strong brand names, excellent locations, strong balance sheet, franchising model, and emphasis on value should enable it to outperform its peers in a recession.
Final Thoughts
Apple Hospitality is one of the strongest players in the hotel sector due to its strong brand power, healthy balance sheet, and high-quality assets. The company has the potential to start increasing its dividends.
The dividend payout ratio is relatively low, and AFFO per share is expected to grow over the next five years. Overall, we think that it makes for an attractive buy right now.
Don’t miss the resources below for more monthly dividend stock investing research.
And see the resources below for more compelling investment ideas for dividend growth stocks and/or high-yield investment securities.
Thanks for reading this article. Please send any feedback, corrections, or questions to [email protected].
Editor’s note: “Humanoid Robots: Betting on the Next Big AI Breakthrough” was previously published in March 2025. It has since been updated to include the most relevant information available.
For years, artificial intelligence has been trapped behind screens, powering chatbots and crunching data. But the next big revolution in AI won’t just talk. It will walk, move, and workin ways very similar to us.
I’m talking, of course, about humanoid robots.
These creations are finally stepping out of science fiction and into reality, possibly poised to become the most disruptive AI advancement yet. From factory floors to elder care, these machines could easily reshape industries, redefine labor… maybe even challenge what it means to be human.
But don’t just take my word for it.
Everyone who’s anyone in the tech world is betting on humanoid robots being the next big AI breakthrough. Elon Musk, the world’s richest man, is certainly all-in on them.
His firm Tesla (TSLA) has created a humanoid robot called Optimus, which is already being used inside Tesla factories to complete a variety of tasks. The company plans to ramp Optimus production to use them in its factories worldwide. It’s said that next year, it will start selling its robots to outside companies. And after that, it aims to offer them to consumers like you and me. We could soon have our own personal humanoid robot assistant in our homes, doing everything from unloading groceries and cleaning to safeguarding our house while we’re away.
Clearly, Musk thinks humanoid robots are big business. In fact, on a recent Wall Street conference call, he said that he thinks “Optimus will be overwhelmingly the value of the company” with“the potential to be north of $10 trillion in revenue.”
Those are bold statements.
Yet, his bullishness on this breakthrough tech is not isolated.
Big Tech’s Sweeping Bullishness
Meta (META) CEO Mark Zuckerberg is just as enthusiastic about a humanoid robot ‘takeover.’
He just created a new business unit within the company that is dedicated to the development of humanoid technology. Reportedly, Meta isn’t trying to create a full robot but, rather, an underlying software platform that robot-makers like Tesla can integrate into their bots.
Meanwhile, Apple (AAPL) – the world’s largest company – has research teams within its own AI business that are working to develop robotics technologies. According to analysts, Apple is considering a range of robotics systems, from simple devices to complex humanoid machines, as part of a future smart home ecosystem where everything is automated.
Alphabet (GOOGL) has also been investigating robotics technology and just invested in humanoid robotics startup Apptronik.
Nvidia (NVDA) just launched a new family of foundational AI models called Cosmos designed to help humanoid robots navigate the real world.
OpenAI – maker of ChatGPT – is reportedly considering embarking on a humanoid endeavor. And Microsoft (MSFT) has partnered with Sanctuary AI to build general-purpose humanoid robots.
And that means humanoid robots are coming soon – maybe to your very own home…
The Final Word on Humanoid Robots
Here’s the thing about Big Tech companies. They have enough money and talent that when they decide to do something, it is only a matter of time before they get it done.
Nearly all have decided to tackle humanoid robots. They will get it done, likely within a few years. We could see ~$20,000 humanoid robots for sale on Tesla’s or Amazon’s websites by this decade’s end. These robots could be in millions of homes by the time 2030 rolls around.
The next stage of the AI Revolution has begun.
And it is time to invest in this next big AI breakthrough – alongside some of the wealthiest people in the world.
That’s why I’d like to turn your attention to Elon Musk and his AI robot, Optimus.
I think it has the potential to profoundly change the world and go down in history as Musk’s greatest achievement.
And I’ve found a “backdoor” way to invest in this new Optimus project.
On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.
P.S. You can stay up to speed with Luke’s latest market analysis by reading our Daily Notes! Check out the latest issue on your Innovation Investor or Early Stage Investor subscriber site.
Marcia Hook and Ty’Meka Reeves-Sobers, partners with global law firm Clifford Chance, assess the changing outlook for energy producers and investors.
Global Finance: How has the outlook for the energy industry shifted under the new US administration?
Marcia Hook: Under the Biden administration, we saw significant investments in the US energy space. The business was booming, there was a lot of excitement from a range of investors, and that was bolstered significantly by the incentives under the IRA [Inflation Reduction Act of 2022] and a number of other favorable economic factors.
Now we are in a place where what will happen with the IRA is unclear, which is undoubtedly one of the major drivers of the boom we saw over the last two years. A lot of people are waiting for the uncertainty to die down; because at the end of the day, the energy industry is one that thrives on certainty.
Investors make investment decisions on the timescale of decades, not years. And these investments are sometimes in the billions of dollars. Right now, we see a lot of folks—both investors in the US and investors abroad—essentially holding and waiting until they have a little bit more certainty on what will happen with the IRA in particular.
Clifford Chance’s Ty’Meka Reeves-Sobers
Ty’Meka Reeves-Sobers: With the global clients, we’re seeing more requests and inquiries for interpretive guidance. They ask, “What does this mean?” We’re trying to read the tea leaves and find some certainty to add some balance there. It really is a game of wait and see, because every day something new happens, and I find that we’re really just trying to stay on top of it.
GF: Given the demand for new data centers, is it likely the Trump administration will take a few steps back and keep in place some of the measures approved by the prior administration?
Hook: This is an area near and dear to my heart because it’s at the intersection of power and data centers. There’s a huge projected growth in energy demand, and a lot of that is attributable to data centers. It becomes a practical question: “How do you put that much power on the system this quickly?” And realistically, would the administration take direct, adverse actions against renewable energy?
From a practical perspective, even if the administration were to try and do that, renewables may be the most realistic way to meet that demand in the needed time frame.
There’s a lot of excitement about, for example, SMRs [small modular reactors] and other types of nuclear units coming back online, potentially. But the permitting timeline and the deployment timeline for that is more like the end of this decade at best. So realistically, renewables are still the best answer. Solar is the fastest to deploy. People in the renewable space are still very bullish.
To be clear, there probably does have to be an all-of-the-above approach. We will need more gas-fired facilities as well. I’m not saying that those projects are not part of the solution; but certainly, even if the administration were to strip away all of the renewables credits, I don’t know that we’d see all of these projects just evaporate. There’s still the need, and they’re still the fastest solution.
Reeves-Sobers: It’s going to be a toolbox of solutions. It’s not going to be one-size-fits-all. In the meantime, I think the operators are taking it upon themselves to come up with other creative solutions to that problem.
GF: Other countries are not moving away from renewables and environmentally responsible projects. Is that likely to change?
Hook: Outside the US, we generally see a trend to continue pursuing renewable energy resources. That being said, I think that there are some practical constraints globally to meeting all of the new power needs through renewable energy. So, much like in the US, I think that there are some practical considerations that might drive countries to consider gas and even coal, in some cases, as part of the all-of-the-above strategy to get enough power in the time frame that’s needed. While we haven’t seen anyone specifically turn away from renewables, I suspect that it’s possible we’ll see an uptick in nonrenewable sources, just because of the practical need to provide so much power.
GF: Are we seeing an increase in interest in the nuclear industry?
Hook: There’s certainly an increased interest in nuclear power, both on the side of the administration and in the private sector; and we are seeing facilities that are discussing recommissioning or essentially coming out of retirement. The best known is the Microsoft-Three Mile Island deal, where Three Mile Island [a power plant near Middletown, Pennsylvania, that in 1979 was the scene of the worst commercial nuclear accident in the US] will be brought back online to serve the Microsoft [energy] load.
There’s a lot of excitement in the nuclear community right now. People are very bullish on it. There’s a lot of attention to SMRs as well. It will take some time to deploy nuclear; and as we heard reported about the Microsoft-TMI deal, it is a pricey resource to contract with. But these facilities run continuously for very long stretches of time without needing any maintenance, so it’s quite attractive.
GF: There is a lot of chit-chat about how law firms are using big data analysis and AI to make some of their corporate practices more efficient. What is your experience?
Reeves-Sobers: At least from an environmental perspective, the more information, the better, because it clears up some of the unknowns that come with environmental liability. And that’s always better when you’re thinking about an investment and whether you want to pull the trigger on any particular project.
Hook: More information is better; more data is better. I would point to two discrete impacts. One is being able to find potentially material issues for valuation purposes much more easily. And then, two, just the efficiency in doing so.
Clifford Chance’s Marcia Hook
There is now a platform, EnerKnol, that we use regularly to aggregate the regulatory filings and issuances from every US public utility commission, the Federal Energy Regulatory Commission, the Department of Energy, and every major government agency including the Environmental Protection Agency.
In the past, when I was a younger lawyer, if I had wanted to conduct due diligence on an entity that has operations across the US, I would have to go to every state website and use their sometimes-antiquated search functions—and it’s very challenging in those instances to find material issues. Now, we can go to one platform and search everything. And then on top of it, this platform is experimenting with AI tools to try and make it even better. I’m very optimistic about the ways that AI and other technological developments will improve our ability to advise our clients in the US.
GF: How does the current climate affect M&A and consolidations, not just in the energy sector but in others? Do you see a freeze?
Hook: It’s an interesting time because there’s certainly still M&A activity going on. The expectation is that M&A activity will increase, because there will be market participants looking to exit various investments or projects that they were developing. The sense that I’ve gotten from speaking to folks in the industry is the expectation that it will be a buyer’s market, whereas maybe three years ago it was more of a seller’s market.
We do expect to see an uptick in M&A activity. I’m not quite sure what the timescale for that is, because we’re still seeing it. I don’t know that there’s been a significant uptick yet, but that is certainly the expectation.
Real Estate Investment Trusts, or REITs for short, are a core holding for many income investors due to their high dividend yields.
At the same time, monthly dividend stocks are also appealing for income investors, due to their more frequent payout schedules.
Agree Realty (ADC) is a rarity among REITs, in that it pays a monthly dividend. Monthly dividend stocks pay shareholders 12 dividends per year instead of the more typical quarterly payments.
We created a list of 76 monthly dividend stocks (along with important financial metrics such as dividend yields and payout ratios). You can download the monthly dividend stocks spreadsheet by clicking on the link below:
Agree Realty’s dividend yield is 4.0%, more than three times the average yield of the S&P 500 Index.
Agree Realty offers a high level of dividend safety and the potential for dividend growth in the coming years. This article discusses ADC in greater detail.
Business Overview
Agree Realty is a retail Real Estate Investment Trust. Agree has developed over 40 community shopping centers throughout the Midwestern and Southeastern United States.
As of December 31, 2024, the property portfolio consisted of 2,370 properties located in 50 states and contained approximately 48.8 million square feet of gross leasable area.
At the end of the 2024 fourth quarter, Agree’s portfolio was 99.6% leased, and a weighted-average remaining lease term of approximately 7.9 years.
Just over two-thirds of annualized base rent comes from investment-grade retail tenants.
Its property portfolio is diversified and spans several industry groups, including grocery stores, home improvement retailers, auto service, and convenience stores.
At the same time, Agree Realty has high-graded its portfolio by reducing its exposure to tenant groups most at risk from the current challenges, specifically the coronavirus pandemic.
For example, Agree Realty derives just 2% of its annual base rent from health clubs and fitness centers and just 1% of ABR from movie theaters. In all, Agree Realty generates two-thirds of its ABR from investment-grade tenants.
This portfolio quality is reflected in the company’s strong fundamentals. Agree Realty continues to post impressive results in a highly challenging period for many REITs, particularly those operating in the retail industry.
The company reported Q4 and full-year 2024 results, showing solid growth. In Q4, the company invested $371M in 127 properties, launched eight projects worth $45M, and increased AFFO per share by 4.7% to $1.04. It raised $651M through equity offerings and declared a $0.253 monthly dividend (up 2.4% YoY). Net income per share fell 5.7% to $0.41, while Core FFO rose 3.5% to $1.02.
For 2024, Agree Realty invested $951M in 282 properties and started 25 projects worth $115M. Net income per share grew 4.8% to $1.78, with AFFO up 4.6% to $4.14. The company issued $1.1B in forward equity, completed a $450M bond offering, and expanded its credit facility to $1.25B. Liquidity exceeded $2.0B, and its credit rating improved to BBB+. Dividends totaled $3.00 per share, up 2.8% YoY.
For 2025, the company projects AFFO per share between $4.26 and $4.30 and investments of $1.1B-$1.3B. Dispositions are expected at $10M-$50M, with expenses ranging from 5.6% to 5.9% of revenue. Monthly dividends for January and February 2025 were reaffirmed at $0.253 per share, continuing its steady shareholder returns.
Growth Prospects
Agree Realty has grown AFFO by a compound rate of 6.3% over the past ten years and by 5.9% per year over the past five years.
We expect that Agree Realty will continue to grow at a slightly slower pace of 4.0% annually for the next five years. Current growth prospects stem from the recent acquisitions announced for the year.
We see Agree Realty being able to grow AFFO through its three-pronged growth strategy revolving around acquisitions, development, and partner capital solutions.
During the fiscal year of 2024, Agree Realty invested $951 million in 282 retail net lease properties and committed over $115 million to 25 development projects.
Looking back further, it has invested over $9 billion in properties since 2010.
Looking ahead, Agree Realty raised its 2025 AFFO per share guidance to $4.30 and increased its acquisition guidance to approximately $700 million.
We expect ADC to generate a 4.0% compound annual growth of FFO-per-share over the next five years.
Dividend Analysis
Prior to 2021, Agree Realty had paid a quarterly dividend like the vast majority of dividend stocks. But in 2021, the company switched to a monthly dividend schedule.
Agree Realty currently pays a monthly dividend of $0.253 per share. On an annual basis, the $3.04 dividend payout represents a 4.0% current yield.
Considering the S&P 500 Index currently yields just 1.3%, Agree Realty stock is an attractive option for income investors.
And, the company grows its dividend regularly. Agree Realty increased its dividend by approximately 5.5% per year in the past 10 years.
The dividend is also highly secure. Based on the expected AFFO of $4.30 for 2025, Agree Realty has a projected dividend payout ratio of 73% for the entire year.
Agree Realty’s payout ratio has remained highly consistent in the last decade, around the mid–70s. This is a healthy payout ratio for a REIT, which must pay out the majority of its earnings to shareholders.
The company operates a healthy balance sheet with a net debt-to-equity ratio of 0.5x, well below many other REITs. Keeping a manageable level of debt is very important for REITs to keep the cost of capital down.
The company maintains investment-grade credit ratings of BBB+.
Final Thoughts
Real Estate Investment Trusts are popular for their high dividend yields, but extreme high-yielders should be avoided. Investors should not ignore REITs with somewhat lower yields, as these REITs often have superior fundamentals.
Agree Realty is an example of this; although its 4.0% yield trails many other REITs, it makes up for this with a high dividend safety and growth rate.
As a result, we view it as a solid pick for income investors, particularly those interested in dividend growth.
Don’t miss the resources below for more monthly dividend stock investing research.
And see the resources below for more compelling investment ideas for dividend growth stocks and/or high-yield investment securities.
Thanks for reading this article. Please send any feedback, corrections, or questions to [email protected].
