Agree Realty Collects Over 99% of February Rent
Agree Realty Corporation (NYSE: ADC) reported that as of March 1, 2021, it has successfully collected February rent payments from over 99% of its portfolio.
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Rhea-AI Summary
Agree Realty Corporation (NYSE: ADC) reported that as of March 1, 2021, it has successfully collected February rent payments from over 99% of its portfolio. This achievement marks the sixth consecutive month of achieving at least 99% of contractual monthly rentals. As of December 31, 2020, the Company owned and operated 1,129 properties across 46 states, with a gross leasable area of approximately 22.7 million square feet. This strong rent collection performance highlights the stability of the Company's operations in the current market.
Positive
- Over 99% of February rent payments collected, demonstrating strong collection efficiency.
- Six consecutive months of at least 99% rent collection, indicating consistent rental income stability.
Negative
- None.
Details
News Market Reaction – ADC
The recorded move for ADC in the trading session of this news was -1.98%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BLOOMFIELD HILLS, Mich., March 2, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced its progress on February rent collections.
As of March 1, 2021, the Company has received February rent payments from more than
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 December 31, 2020, the Company owned and operated a portfolio of 1,129 properties, located in 46 states and containing approximately 22.7 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.
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SOURCE Agree Realty Corporation
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