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) reported robust financial performance for Q2 2022, with a 52.7% increase in net income to $34.1 million, or $0.45 per share. Core Funds from Operations (Core FFO) per share rose 9.7% to $0.98, with Adjusted Funds from Operations (AFFO) increasing 10.4% to $0.97. The company raised its 2022 acquisition guidance to $1.5 billion to $1.7 billion and commenced five development projects with estimated costs of $16.5 million. A monthly dividend of $0.234 per share was declared, marking a 7.8% year-over-year increase.
Agree Realty Corporation (NYSE: ADC) announced a monthly cash dividend of $0.234 per common share, reflecting an annualized increase to $2.808, up 7.8% from last year's $2.604. The dividend is payable on August 12, 2022, to shareholders of record by July 29, 2022. Additionally, a dividend of $0.08854 per preferred share will be paid on August 1, 2022, for shareholders of record by July 22, 2022. The company owns 1,510 properties across 47 states with approximately 31.0 million square feet of gross leasable area.
Agree Realty Corporation (NYSE: ADC) announced it will release its second-quarter operating results on August 2, 2022, after market close. A conference call to discuss these results is set for August 3, 2022, at 9:00 AM ET. Participants can access the call via teleconference or webcast through the company’s website. As of March 31, 2022, the company owned 1,510 properties across 47 states, totaling approximately 31.0 million square feet of gross leasable area.
Agree Realty Corporation (NYSE: ADC) has published its 2021 environmental, social and governance (ESG) report, aligning with sustainability frameworks. CEO Joey Agree highlighted ongoing ESG initiatives aimed at enhancing transparency and stakeholder value. The report underscores the company's commitment to social responsibility and climate change mitigation. As of March 31, 2022, Agree Realty owns 1,510 properties across 47 states, with a gross leasable area of approximately 31 million square feet. The report is available for download on the company's website.
Agree Realty Corporation (NYSE: ADC) has announced a monthly cash dividend of $0.234 per common share, marking a 7.8% increase from last year. This results in an annualized dividend of $2.808, payable on July 14, 2022, to shareholders on record as of June 30, 2022. Additionally, the Company declared a dividend of $0.08854 per depositary share for its 4.25% Series A Cumulative Redeemable Preferred Stock, payable on July 1, 2022, to stockholders recorded by June 24, 2022.
Agree Realty Corporation has successfully completed a public offering of 5,750,000 shares of its common stock, including the full exercise of underwriters' options, at a price of $68.65 per share. The offering is part of forward sale agreements with Citibank and Wells Fargo. The company expects to use any net proceeds for general corporate purposes, including property acquisitions and debt repayment. Settlement of these shares is anticipated by May 26, 2023. The corporation, which owns 1,510 properties across 47 states, operates as a real estate investment trust focused on retail.
Agree Realty Corporation (NYSE: ADC) announced the pricing of a public offering of 5,000,000 shares at a price of $68.65 per share. The offering is projected to close on May 31, 2022, with an option for underwriters to purchase an additional 750,000 shares. The company has entered into forward sale agreements with Citibank and Wells Fargo for these shares, expecting to deliver them by May 26, 2023. The net proceeds will support general corporate purposes, including property acquisitions and repayment of debt.
Agree Realty Corporation (NYSE: ADC) announced a public offering of 5,000,000 shares of its common stock, with an option for underwriters to purchase an additional 750,000 shares. Citigroup and Wells Fargo Securities are managing the offering. The shares will be delivered no later than May 31, 2022. The Company intends to use the net proceeds for general corporate purposes, including property acquisitions and development. The offering does not provide immediate proceeds to the Company but allows for future capital raising while setting share pricing.
Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.234 per common share, marking a 7.8% increase from the prior year. This translates to an annualized dividend of $2.808, payable on June 14, 2022, to stockholders of record as of May 31, 2022. Additionally, a dividend of $0.08854 per share on its 4.25% Series A Cumulative Redeemable Preferred Stock is also declared, payable on June 1, 2022, to stockholders of record by May 23, 2022.
Agree Realty Corporation (NYSE: ADC) reported a strong start to 2022, announcing an increase in its acquisition guidance to between $1.4 billion and $1.6 billion. For Q1 2022, the company invested $430 million in 124 retail net lease properties. Net income rose 13.8% to $34.3 million, while Core Funds from Operations (Core FFO) per share increased 15.5% to $0.97. The company declared a monthly dividend of $0.234 per share, marking a 7.8% year-over-year increase. As of March 31, 2022, its portfolio consisted of 1,510 properties, with an occupancy rate of 99.6% and a weighted-average remaining lease term of 9.1 years.
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