Agree Realty Collects 99% of October Rent

Agree Realty Corporation (NYSE: ADC) reported strong October rent collection results.

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Rhea-AI Summary

Agree Realty Corporation (NYSE: ADC) reported strong October rent collection results. As of October 30, 2020, the Company collected rents from 99% of its portfolio, with deferral agreements in place for less than 1% of October rents. The Company focuses on acquiring and developing properties leased to top retail tenants, owning 1,027 properties across 45 states and approximately 21.0 million square feet of gross leasable area as of September 30, 2020.

Positive

99% October rent collection rate.
Deferral agreements affecting less than 1% of rents.
Strong portfolio with 1,027 properties across 45 states.

Negative

None.

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11/02/2020 - 07:45 AM EST

BLOOMFIELD HILLS, Mich., Nov. 2, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced its progress on October rent collections.

As of October 30, 2020, the Company has received October rent payments from 99% of its portfolio and entered into deferral agreements with tenants representing less than 1% of October rents.

About Agree Realty Corporation
Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC". For additional information, please visit www.agreerealty.com.

View original content to download multimedia:http://www.prnewswire.com/news-releases/agree-realty-collects-99-of-october-rent-301164486.html

SOURCE Agree Realty Corporation

FAQ

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What percentage of October rents did Agree Realty collect?

Agree Realty Corporation collected 99% of its October rents.

How many properties does Agree Realty own?

As of September 30, 2020, Agree Realty owns 1,027 properties.

In how many states does Agree Realty operate?

Agree Realty operates in 45 states.

What is the ticker symbol for Agree Realty Corporation?

The ticker symbol for Agree Realty Corporation is ADC.

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