Welcome to our dedicated page for Agree Rlty news (Ticker: ADC), a resource for investors and traders seeking the latest updates and insights on Agree Rlty stock.
Agree Realty Corporation (NYSE: ADC) is a real estate investment trust focused on retail net lease properties, and its news flow reflects this specialization. Company updates frequently cover investment activity, portfolio growth, capital markets transactions and dividend declarations, giving investors insight into how the portfolio and capital structure are evolving.
News releases from Agree Realty often detail acquisition volumes, development and Developer Funding Platform (DFP) projects, and the composition of its tenant base. For example, the company has reported annual real estate investment volumes in the billions of dollars, acquisitions of hundreds of retail net lease properties across dozens of states, and a significant share of annualized base rents derived from investment grade retail tenants. Portfolio updates also describe property counts, gross leasable area, occupancy levels and lease term metrics.
Another recurring theme in ADC news is capital markets and financing activity. The company issues releases on new unsecured term loans, amendments to its revolving credit facility, forward equity offerings and total liquidity levels. These announcements explain borrowing capacity, interest rate terms and credit ratings, providing context for how Agree Realty funds its investment pipeline and manages leverage.
Dividend announcements are also a regular part of the company’s news. Agree Realty declares monthly cash dividends on its common stock and its 4.25% Series A Cumulative Redeemable Preferred Stock, and it highlights changes in annualized dividend amounts and year-over-year growth rates. Earnings-related news, including quarterly results, guidance updates and conference call details, rounds out the coverage, offering information on measures such as Core Funds from Operations and Adjusted Funds from Operations.
Investors and analysts following ADC news can use this page to review historical and recent press releases related to acquisitions, development activity, portfolio metrics, financing arrangements, dividends and earnings communications.
Agree Realty Corporation (NYSE: ADC) announced a record investment activity of $1.71 billion in 2022, with acquisitions totaling $1.59 billion. The portfolio includes 465 properties across 43 states, primarily leased to investment-grade tenants. In Q4 2022, acquisition volume reached $404.9 million. The company has a robust liquidity profile of approximately $1.5 billion as of year-end 2022. CEO Joey Agree emphasized continued discipline in capital deployment amid economic uncertainties.
Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.240 per common share, marking a 5.7% increase from the previous annualized amount of $2.724. The annualized dividend now stands at $2.880, payable on January 13, 2023, to stockholders on record by December 30, 2022. Additionally, a dividend of $0.08854 per share on its 4.25% Series A Cumulative Redeemable Preferred Stock is declared, payable January 3, 2023, for stockholders recorded by December 23, 2022.
Agree Realty Corporation (NYSE: ADC) declared a monthly cash dividend of $0.240 per common share, marking a 5.7% increase over the prior year's annualized dividend. This brings the annualized amount to $2.880 per share, payable on December 14, 2022 to shareholders on record as of November 30, 2022. Additionally, a monthly dividend of $0.08854 per preferred share is set for December 1, 2022, to shareholders on record as of November 21, 2022.
Agree Realty Corporation (ADC) reported Q3 2022 results with net income at $37.6M, a 3.3% increase YoY, yet a decrease in net income per share by 11.1% to $0.46. Core FFO rose 22.2% to $78.2M, with per share growth of 5.6% to $0.97. Adjusted Funds from Operations (AFFO) also saw a 24.8% increase to $77.6M. The company increased its acquisition guidance for 2022 to $1.6B, raising over $800M through various capital markets transactions. Monthly dividends were declared at $0.240, reflecting a 5.7% YoY increase.
Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.240 per common share, a 2.6% increase from the previous month. This translates to an annualized dividend of $2.880 per common share, reflecting a 5.7% rise over the previous year. The dividend is payable on November 14, 2022, to stockholders of record by October 31, 2022. Additionally, a dividend of $0.08854 per share has been authorized for the 4.25% Series A Cumulative Redeemable Preferred Stock, payable November 1, 2022, to stockholders of record by October 24, 2022.
Agree Realty Corporation (NYSE: ADC) will release its third quarter operating results on November 1, 2022, after market close. A follow-up conference call is scheduled for November 2, 2022, at 9:00 AM ET, accessible via teleconference or webcast. As of June 30, 2022, the Company manages a portfolio of 1,607 properties across the continental U.S., totaling approximately 33.8 million square feet of gross leasable area. This event marks an important opportunity for investors to gain insights into the Company's performance.
Agree Realty Corporation (NYSE: ADC) has successfully completed a public offering of 5,750,000 shares of its common stock, including the full exercise of underwriters' options. The offering price was $66.85 per share. The offering was facilitated by Morgan Stanley and Citigroup. The company intends to use the net proceeds for general corporate purposes such as property acquisitions and development, and repayment of debt under its revolving credit facility. However, no proceeds have been received yet, as shares will be settled by September 29, 2023.
Agree Realty Corporation (NYSE: ADC) announced the pricing of a public offering of 5,000,000 shares at $66.85 each, with a 30-day option for underwriters to purchase an additional 750,000 shares. The offering, led by Morgan Stanley and Citigroup, is expected to close on October 3, 2022. The company has entered into forward sale agreements for these shares, and proceeds will be used for general corporate purposes, including property acquisitions and debt repayment. The offering will not initially generate proceeds for the company.
Agree Realty Corporation (NYSE: ADC) announced an underwritten public offering of 5,000,000 shares of its common stock, with an option for underwriters to purchase an additional 750,000 shares. The offering aims to engage forward sale agreements, expected to involve stock sales to underwriters by affiliates of Morgan Stanley and Citigroup. The company will not receive immediate proceeds, as funds are contingent upon future settlements intended for corporate purposes, including property acquisitions and debt repayment.
Agree Realty Corporation (NYSE: ADC) announced it will settle all outstanding forward equity for net proceeds of approximately $599 million. This settlement entails 8,739,752 shares and is anticipated to take place on September 30, 2022. As of June 30, 2022, the Company owned a portfolio of 1,607 properties across all 48 continental states, covering roughly 33.8 million square feet. The release also includes forward-looking statements regarding the potential impact of COVID-19 and other market risks on the Company's performance.