Agree Realty Corporation reports recurring developments as a retail net lease REIT focused on acquiring, developing and managing properties leased to retail tenants. Company updates commonly cover operating results, AFFO and investment guidance, retail property acquisitions, development activity, and projects under its Developer Funding Platform.
ADC news also includes monthly common dividends and dividends on its 4.25% Series A Cumulative Redeemable Preferred Stock, along with capital markets activity such as at-the-market equity issuance, forward equity sales, liquidity updates, credit capacity and portfolio disclosures, including ground lease activity.
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Agree Realty Corporation (NYSE: ADC) has announced it will release its first quarter 2023 operating results after the market closes on May 4, 2023. A conference call scheduled for May 5, 2023 at 9:00 AM ET will discuss these results. Interested parties can participate via teleconference or webcast, with call-in numbers provided for both USA and international access. The Company operates a significant portfolio of 1,839 properties across the continental United States, totaling approximately 38.1 million square feet of gross leasable area. The announcement emphasizes the Company's continued commitment to RETHINKING RETAIL through strategic acquisitions and development of net leased properties.
Agree Realty Corporation (NYSE: ADC) has announced a monthly cash dividend of $0.243 per common share, marking a 1.3% increase from the previous dividend. This change reflects an annualized dividend of $2.916 per share, up 3.8% from last year's $2.808. The dividend is set to be payable on May 12, 2023, to shareholders on record as of April 28, 2023.
Additionally, the company declared a cash dividend of $0.08854 per depositary share on its 4.25% Series A Cumulative Redeemable Preferred Stock, payable on May 1, 2023, to stockholders on record as of April 24, 2023.