Welcome to our dedicated page for Agree Realty news (Ticker: ADC), a resource for investors and traders seeking the latest updates and insights on Agree Realty stock.
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.
On March 13, 2023, Agree Realty Corporation (NYSE: ADC) announced a monthly cash dividend of $0.240 per common share, reflecting an annualized increase of 5.7% over the prior year. The dividend will be paid on April 14, 2023, to stockholders of record by March 31, 2023. Additionally, a cash dividend of $0.08854 per depositary share on its 4.25% Series A Cumulative Redeemable Preferred Stock is also declared, payable on April 3, 2023. This commitment to dividend growth underscores the company’s stable performance and confidence in future earnings.
Agree Realty Corporation (NYSE: ADC) reported strong financial results for Q4 and full year 2022. The company invested approximately $421 million in 157 properties, achieving a 3.5% increase in Core Funds from Operations (FFO) per share to $0.96 and a 3.9% rise in Adjusted Funds from Operations (AFFO) per share to $0.95. Net income per share remained stable at $0.44. For 2022, net income rose 20.7% to $145 million, with a 7.7% increase in declared dividends totaling $2.805 per share. The company maintained a solid balance sheet with $1.5 billion in liquidity and an upgraded credit rating of Baa1. The portfolio is 99.7% leased, showcasing strong tenant quality.
Agree Realty Corporation (NYSE: ADC) announced a monthly cash dividend of $0.240 per common share, marking a 5.7% increase from the $2.724 annual dividend in Q1 2022. This reflects an annualized amount of $2.880 per share, payable on March 14, 2023, to shareholders on record by February 28, 2023. Additionally, a monthly dividend of $0.08854 per depositary share on its 4.25% Series A Cumulative Redeemable Preferred Stock is set for March 1, 2023. Shareholders should note the company’s steady performance amidst changing retail dynamics.