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) 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.
Agree Realty Corporation (NYSE: ADC) has announced a monthly cash dividend of $0.234 per common share, marking a 3.1% increase from the previous month. This reflects an annualized amount of $2.808, which is a 7.8% increase over last year. The dividend is payable on May 13, 2022, to stockholders recorded by April 29, 2022. Additionally, a dividend of $0.08854 per preferred share will be paid on May 2, 2022.
Agree Realty Corporation (NYSE: ADC) announced it will release its first quarter operating results on May 3, 2022, after market close. A conference call to discuss these results is scheduled for May 4, 2022, at 8:30 AM ET. Interested shareholders can access the call via teleconference or webcast on the Company's website. As of December 31, 2021, the Company owned 1,404 properties across 47 states, totaling approximately 29.1 million square feet of gross leasable area.
Agree Realty Corporation (NYSE: ADC) has received an upgrade from Moody's Investors Service, with its issuer rating increased to Baa1 from Baa2 and a stable outlook noted. This upgrade reflects the Company's robust credit profile, characterized by a low-leverage balance sheet, flexible capital structure, and strong liquidity position. The CEO, Joey Agree, emphasized the disciplined growth since the initial rating in 2018, highlighting the strength of the Company's balance sheet and high-quality retail portfolio, which consists of 1,404 properties across 47 states.
Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.227 per common share, reflecting an annualized increase of 9.7% from last year, payable on April 14, 2022. This raises the annualized dividend to $2.724. Additionally, a dividend of $0.08854 per preferred share will be distributed on April 1, 2022. As of December 31, 2021, ADC owned 1,404 properties across the U.S., totaling 29.1 million square feet.
Agree Realty Corporation (NYSE: ADC) reported strong financial results for Q4 and the full year 2021. The company invested approximately $315 million in 74 retail net lease properties. Net Income per share rose 5.2% to $0.44. Core FFO per share increased 10.2% to $0.92. AFFO per share experienced a 9.2% rise to $0.91. The company also declared a monthly dividend of $0.227, marking a 9.8% year-over-year increase. Total acquisitions reached a record $1.43 billion for the year, with a strong balance sheet positioned for growth.
Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.227 per common share, marking a 9.7% increase from the prior annualized dividend of $2.484. Shareholders of record as of February 28, 2022 will receive this payment on March 14, 2022. Additionally, a dividend of $0.08854 per depositary share for the 4.25% Series A Preferred Stock will be paid on March 1, 2022 to stockholders of record on February 24, 2022.
Agree Realty Corporation (NYSE: ADC) announced the acquisition of a 50,000 square foot building in Royal Oak, Michigan, previously occupied by Art Van Furniture. The strategic location aims to serve as a new corporate headquarters, with construction expected to start in Q1 2022 and finish by Q2 2023. The facility will include state-of-the-art technology and wellness features to support increased workforce needs. With nearly $3 billion invested since the pandemic, the company approaches $7 billion in enterprise value, showcasing its growth trajectory.
Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.227 per common share, reflecting an annualized increase of 9.7% from the previous year. The new annualized dividend amount is $2.724 per share, payable on February 14, 2022, to stockholders of record by January 31, 2022. Additionally, a dividend of $0.08854 per depositary share for the 4.25% Series A Preferred Stock has also been declared, payable on February 1, 2022, to stockholders of record by January 24, 2022.
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