Agree Realty Q2 2024 Adjusted FFO $1.04 Beats $1.02 Estimate, Sales $152.575M Beat $147.854M Estimate

7/23/24 4:08:50 PM ET

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Agree Realty (NYSE:ADC) reported quarterly Adjusted FFO of $1.04 per share which beat the analyst consensus estimate of $1.02 by 1.96 percent. This is a 6.12 percent increase over earnings of $0.98 per share from the same period last year. The company reported quarterly sales of $152.575 million which beat the analyst consensus estimate of $147.854 million by 3.19 percent. This is a 17.46 percent increase over sales of $129.900 million the same period last year.

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Recent Analyst Ratings for
$ADC

Date	Price Target	Rating	Analyst
5/31/2024	$60.00	Neutral	UBS
2/13/2024	$69.00	Outperform	BMO Capital Markets
1/22/2024	$71.00	Mkt Perform → Mkt Outperform	JMP Securities
12/13/2023	$64.00	Outperform → Neutral	Exane BNP Paribas
12/11/2023	$67.00 → $61.00	Buy → Neutral	Mizuho
9/21/2023	$70.00	Overweight	Wells Fargo
6/22/2023	$70.00	Neutral → Buy	Mizuho
6/14/2023	$80.00	Outperform	Exane BNP Paribas

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$ADC
Financials

Live finance-specific insights

Agree Realty Declares Monthly Common and Preferred Dividends
ROYAL OAK, Mich., Nov. 12, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.253 per common share. The monthly dividend reflects an annualized dividend amount of $3.036 per common share, representing a 2.4% increase over the annualized dividend amount of $2.964 per common share from the fourth quarter of 2023. The dividend is payable December 13, 2024 to stockholders of record at the close of business on November 29, 2024. Additionally
11/12/24 4:05:00 PM ET
$ADC
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Agree Realty Corporation Reports Third Quarter 2024 Results
Raises 2024 Acquisition Guidance to Approximately $850 MillionCapital Markets Activities Drive Record Liquidity of Over $1.9 Billion ROYAL OAK, Mich., Oct. 22, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced results for the quarter ended September 30, 2024. All per share amounts included herein are on a diluted per common share basis unless otherwise stated. Third Quarter 2024 Financial and Operating Highlights: Invested approximately $237 million in 93 retail net lease propertiesCommenced eight development or Developer Funding Platfor
10/22/24 4:05:00 PM ET
$ADC
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Agree Realty Declares Increased Monthly Common Dividend
Increase Results in 2.4% Year-Over-Year Growth and Annualized Dividend of $3.036 Per Share ROYAL OAK, Mich., Oct. 10, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.253 per common share, representing a 1.2% month-over-month increase. The monthly dividend reflects an annualized dividend amount of $3.036 per common share, representing a 2.4% increase over the annualized dividend amount of $2.964 per common share from the fourth quarter of 2023. The dividend is payable November 14, 2024 to stockholders of record at the close of business on October 31
10/10/24 4:05:00 PM ET
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$ADC
Press Releases

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Agree Realty Declares Monthly Common and Preferred Dividends
ROYAL OAK, Mich., Nov. 12, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.253 per common share. The monthly dividend reflects an annualized dividend amount of $3.036 per common share, representing a 2.4% increase over the annualized dividend amount of $2.964 per common share from the fourth quarter of 2023. The dividend is payable December 13, 2024 to stockholders of record at the close of business on November 29, 2024. Additionally
11/12/24 4:05:00 PM ET
$ADC
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Agree Realty Announces Exercise of Underwriters' Option and Closing of Forward Offering of Common Stock
ROYAL OAK, Mich., Oct. 28, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it has completed its public offering of 5,060,000 shares of its common stock, which includes the underwriters' full exercise of their option to purchase additional shares, pursuant to the forward sale agreements described below. Citigroup and Wells Fargo Securities acted as joint book-running managers for the offering. The Company has entered into forward sale agreements with Citibank, N.A. and Wells Fargo Bank, National Association (the "forward purchasers
10/28/24 4:05:00 PM ET
$ADC
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Agree Realty Announces Pricing of Upsized Forward Common Stock Offering
ROYAL OAK, Mich., Oct. 24, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced the pricing of its public offering of 4,400,000 shares of its common stock at a public offering price of $74.00 per share in connection with the forward sale agreements described below. The Company also granted the underwriters a 30-day option to purchase up to an additional 660,000 shares of common stock. The offering was upsized from the previously announced offering size of 4,000,000 shares of common stock, and the offering is expected to close on or about October 28, 2024.
10/24/24 9:15:00 PM ET
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$ADC
Leadership Updates

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Agree Realty Announces Appointment of Linglong He to Board of Directors
ROYAL OAK, Mich., Dec. 11, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that Linglong He will join the Company's Board of Directors (the "Board"), effective January 1, 2024. Ms. He is currently the Chief Leadership Advisor at Rocket Central, where she is responsible for executive leadership development for Rocket Companies, Inc. (NYSE:RKT). She co-founded Rocket Central and previously served as President and Chief Operating Officer. Prior to that role, Ms. He served as Chief Information Officer of Rocket Mortgage, one of the nation's
12/11/23 4:05:00 PM ET
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Agree Realty Announces Appointment of Michael Judlowe to Board of Directors
BLOOMFIELD HILLS, Mich., Sept. 13, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that Michael Judlowe has joined the Company's Board of Directors (the "Board"). Mr. Judlowe most recently spent the last 10 years at Jefferies Group, where he helped establish the Real Estate Equity Capital Markets practice, joining as Managing Director and subsequently being named Co-Head of Equity Capital Markets Americas in 2013. Additionally, he served as Chairman of the US Real Estate, Gaming and Lodging Investment Banking practice from June 2019 to
9/13/21 6:55:00 AM ET
$ADC
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Agree Realty Announces Departure of Chief Financial Officer and Appointment of Interim Chief Financial Officer
BLOOMFIELD HILLS, Mich., Aug. 11, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that Simon Leopold has resigned from his positions as Executive Vice President, Chief Financial Officer and Secretary of the Company effective immediately. The Board of Directors also announced that it will commence a formal search, which will consider internal and external candidates, for a new Chief Financial Officer. Peter Coughenour, current Vice President, Corporate Finance who joined the Company in 2015, has been appointed to the position of inter
8/11/21 4:05:00 PM ET
$ADC
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Agree Realty Q2 2024 Adjusted FFO $1.04 Beats $1.02 Estimate, Sales $152.575M Beat $147.854M Estimate

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Recent Analyst Ratings for $ADC

$ADC SEC Filings

Agree Realty Corporation filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

SEC Form 424B5 filed by Agree Realty Corporation

Agree Realty Corporation filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

$ADC Financials

Live finance-specific insights

Agree Realty Declares Monthly Common and Preferred Dividends

Agree Realty Corporation Reports Third Quarter 2024 Results

Agree Realty Declares Increased Monthly Common Dividend

$ADC Press Releases

Fastest customizable press release news feed in the world

Agree Realty Declares Monthly Common and Preferred Dividends

Agree Realty Announces Exercise of Underwriters' Option and Closing of Forward Offering of Common Stock

Agree Realty Announces Pricing of Upsized Forward Common Stock Offering

$ADC Leadership Updates

Live Leadership Updates

Agree Realty Announces Appointment of Linglong He to Board of Directors

Agree Realty Announces Appointment of Michael Judlowe to Board of Directors

Agree Realty Announces Departure of Chief Financial Officer and Appointment of Interim Chief Financial Officer

$ADC Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Lehmkuhl Greg bought $58,990 worth of shares (1,000 units at $58.99), increasing direct ownership by 5% to 23,036 units (SEC Form 4)

Rakolta John Jr bought $1,186,400 worth of shares (20,000 units at $59.32), increasing direct ownership by 5% to 436,011 units (SEC Form 4)

Breslin Stephen bought $24,898 worth of shares (450 units at $55.33), increasing direct ownership by 5% to 10,441 units (SEC Form 4)

$ADC Market Insights

Live Market Insights

Stifel Maintains Buy on Agree Realty, Raises Price Target to $71.5

Agree Realty Increases 2024 AFFO Per Share Guidance From $4.10 - $4.13 To $4.11 - $4.14, Est $4.08