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Agree Realty Corporation - $ADC STOCK NEWS

Welcome to our dedicated page for Agree Realty Corporation news (Ticker: $ADC), a resource for investors and traders seeking the latest updates and insights on Agree Realty Corporation stock.

Agree Realty Corporation (NYSE: ADC) is a fully-integrated, self-administered, and self-managed real estate investment trust (REIT) specializing in the ownership, acquisition, and development of net lease retail properties across the United States. With a disciplined investment strategy, robust access to capital, and strong industry relationships, the company consistently identifies lucrative opportunities offering superior risk-adjusted returns.

As of December 31, 2023, Agree Realty's portfolio includes 2,135 properties in 49 states, encompassing approximately 44.2 million square feet of gross leasable area. The portfolio boasts high occupancy rates and long-term leases, with a significant portion of rental revenue derived from investment-grade tenants such as Walmart, Walgreens, McDonald's, and JPMorgan Chase.

The company's strategic focus on net lease properties ensures stable and predictable cash flows, making it a reliable source of dividends for shareholders. Recent financial highlights include a 2.9% increase in the annualized dividend amount to $2.964 per common share and a robust financial position with over $1 billion in liquidity.

In 2023, the company invested approximately $1.34 billion in 319 retail net lease properties and commenced 13 development projects. Additionally, Agree Realty recently announced the pricing of $450 million in senior unsecured notes due 2034, further strengthening its balance sheet and liquidity position.

Agree Realty Corporation's long-term growth strategy is anchored in its commitment to acquiring and developing properties leased to leading retailers, utilizing cutting-edge real estate technology, and maintaining a strong financial foundation. For the latest updates and detailed information about the company's performance, visit the Investors section on their website.

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Agree Realty (NYSE: ADC) announced a monthly cash dividend of $0.250 per common share, which annualizes to $3.00 per share, marking a 2.9% increase from the previous year. The dividend will be paid on July 15, 2024, to stockholders of record as of June 28, 2024. Additionally, the company declared a monthly cash dividend of $0.08854 per depositary share on its 4.25% Series A Cumulative Redeemable Preferred Stock, equivalent to $1.0625 on an annual basis. This dividend will be paid on July 1, 2024, to stockholders of record as of June 21, 2024.

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Agree Realty announced a monthly cash dividend of $0.250 per common share, equating to an annualized dividend of $3.00 per share. This represents a 2.9% increase from the previous year's $2.916 per share. The dividend will be paid on June 14, 2024, to shareholders recorded by May 31, 2024. The company also declared a monthly cash dividend of $0.08854 per depositary share of its 4.25% Series A Cumulative Redeemable Preferred Stock, equal to $1.0625 annually. This payment will be made on June 3, 2024, to shareholders recorded by May 24, 2024.

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Agree Realty (NYSE: ADC) priced a public offering of $450 million 5.625% senior unsecured notes due 2034 at 98.827% of the principal amount. The notes will be guaranteed by the company and certain subsidiaries, supporting general corporate purposes and investment opportunities.

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Agree Realty reported its first-quarter 2024 results, highlighting an introduction of 2024 AFFO per share guidance of $4.10 to $4.13. The company invested $140 million in 50 retail net lease properties, declared an April monthly dividend of $0.250 per common share, and increased its net income, Core FFO, and AFFO per share compared to the previous year. The CEO expressed confidence in achieving the 2024 AFFO per share guidance without deviating from the core strategy.
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Agree Realty (ADC) to release first quarter 2024 operating results on April 23, 2024, with a conference call scheduled for April 24, 2024. Interested parties can access the call via teleconference or webcast.
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Agree Realty (ADC) reports a 2.9% year-over-year growth with an annualized dividend of $3.00 per share. The Board of Directors authorizes a monthly cash dividend of $0.250 per common share, marking a 1.2% increase from the previous month. The Company also declares a monthly cash dividend for its Series A Cumulative Redeemable Preferred Stock.
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Agree Realty Corporation (ADC) announces a 2.9% increase in monthly cash dividend to $0.247 per common share, totaling $2.964 annually. The Company also declares a monthly dividend of $0.08854 per depositary share for its Series A Cumulative Redeemable Preferred Stock.
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Agree Realty Corporation (ADC) reported fourth-quarter results, highlighting financial growth and operational achievements. The company showed steady financial performance with an increase in net income, Core FFO, and AFFO. Despite a decline in net income per share for the full year, Core FFO and AFFO per share increased. The company maintained a strong balance sheet and liquidity position, with over $1 billion in total liquidity. CEO Joey Agree expressed satisfaction with the company's performance in 2023 and emphasized a focus on sustainable growth in 2024.
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Agree Realty Corporation (ADC) has announced a 2.9% increase in its monthly cash dividend to $0.247 per common share, reflecting an annualized dividend amount of $2.964 per common share. The Company has also declared a monthly cash dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share, equivalent to $1.0625 per annum. The dividends are payable in March 2024 to stockholders of record in February 2024.
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Agree Realty Corporation (ADC) announces a 2.9% increase in monthly cash dividend to $0.247 per common share, reflecting an annualized dividend amount of $2.964 per common share. The Company also declared a monthly cash dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share, equivalent to $1.0625 per annum.
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FAQ

What type of properties does Agree Realty Corporation specialize in?

Agree Realty Corporation specializes in the ownership, acquisition, and development of net lease retail properties across the United States.

Who are some of Agree Realty's major tenants?

Some of Agree Realty's major tenants include Walmart, Walgreens, McDonald's, JPMorgan Chase, and other industry-leading retailers.

What is the company's investment strategy?

Agree Realty Corporation follows a disciplined and focused investment strategy, leveraging its institutional access to capital and strong industry relationships to identify high-quality opportunities with superior risk-adjusted returns.

How many properties does Agree Realty own?

As of December 31, 2023, Agree Realty owns and operates a portfolio of 2,135 properties located in 49 states.

What is the company's financial position?

Agree Realty Corporation maintains a robust financial position with over $1 billion in liquidity, ensuring stable and predictable cash flows.

What recent financial highlights were announced?

Recent financial highlights include a 2.9% increase in the annualized dividend amount to $2.964 per common share and a successful pricing of $450 million in senior unsecured notes due 2034.

How does Agree Realty generate revenue?

Agree Realty generates revenue primarily through rental income from its net lease retail properties, with a significant portion derived from long-term leases with investment-grade tenants.

What are the company's latest projects?

In 2023, Agree Realty commenced 13 development projects and invested approximately $1.34 billion in 319 retail net lease properties.

How can I stay updated on Agree Realty's performance?

For the latest updates and detailed information about Agree Realty's performance, visit the Investors section on their website.

What is the stock symbol for Agree Realty Corporation?

Agree Realty Corporation's common stock is listed on the New York Stock Exchange under the symbol 'ADC'.

Agree Realty Corporation

NYSE:ADC

ADC Rankings

ADC Stock Data

6.17B
98.43M
1.8%
104.1%
4.3%
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United States of America
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