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 $0.217 per common share, reflecting an annualized amount of $2.604. This represents an 8.5% increase from the previous year's annualized dividend of $2.400. The dividend is scheduled for payment on July 14, 2021 to shareholders on record as of June 30, 2021. As of March 31, 2021, the company owns 1,213 properties across 46 states, totaling approximately 24.2 million square feet of gross leasable area.
Agree Realty Corporation (NYSE: ADC) priced a public offering of 4 million common shares, targeting gross proceeds of approximately $286 million. The closing date is expected around June 15, 2021, pending customary conditions. Proceeds will reduce the revolving credit facility, fund property acquisitions, and support general corporate purposes. Citigroup is the sole underwriter for this offering. The shares will be issued under an effective shelf registration statement filed with the SEC.
Agree Realty Corporation (NYSE: ADC) announced a public offering of 4,000,000 shares of common stock, expected to close on June 15, 2021. The underwriter will have a 30-day option to purchase an additional 600,000 shares. The proceeds will be used to reduce credit facility balances, fund acquisitions, develop properties, and for general corporate purposes. Citigroup is the sole underwriter. The offering is part of an effective registration statement filed with the SEC.
Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.217 per common share, reflecting an annualized increase of 8.5% from $2.400 to $2.604 for 2021. The dividend will be payable on June 11, 2021, to shareholders on record by May 28, 2021. The company, as of March 31, 2021, operates a portfolio of 1,213 properties across 46 states, totaling around 24.2 million square feet of gross leasable area.
Agree Realty Corporation (NYSE: ADC) announced a public offering of $350 million in 2.000% senior unsecured notes due 2028 and $300 million in 2.600% senior unsecured notes due 2033. The effective yield to maturity for the 2028 Notes is 2.112%, and for the 2033 Notes, it is 2.684%. Proceeds will be used to repay existing debt and for general corporate purposes, including property acquisitions. This issuance is expected to close on May 14, 2021, enhancing the company's balance sheet and extending its weighted average debt maturity to approximately 9 years.
Agree Realty Corporation (NYSE: ADC) reported a strong Q1 2021, with net income up 41.8% to $30.1 million, and Core FFO increasing 42.0% to $53.3 million. The company invested $391 million in 90 retail properties, focusing on ground leases, which now account for 32% of annualized base rents. The monthly dividend was raised by 8.5% to $0.217. The balance sheet is robust with a forecast for 2021 acquisitions increased to $1.1 billion - $1.3 billion. The new ARC technology platform enhances decision-making and operational efficiency.
Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.217 per common share, effective May 14, 2021. This reflects an annualized dividend of $2.604, marking an 8.5% increase from the previous year's annualized dividend of $2.400. Shareholders on record by April 30, 2021, will receive this dividend. The company, focused on acquiring and developing properties leased to top retail tenants, owned 1,129 properties with approximately 22.7 million square feet of leasable area as of December 31, 2020.
Agree Realty Corporation (ADC) reported on March 31, 2021, that it received rent payments from over 99% of its portfolio for March, marking the seventh consecutive month of achieving at least 99% of all contractual rent obligations. As of December 31, 2020, the company owned 1,129 properties across 46 states, encompassing approximately 22.7 million square feet of gross leasable area. The consistent rent collection highlights the company's strong operational performance amid market challenges.
Agree Realty Corporation (NYSE: ADC) will announce its first quarter operating results after the market closes on May 3, 2021. A conference call is scheduled for May 4, 2021 at 9:00 AM ET, where shareholders can participate through teleconference or webcast. Agree Realty, a real estate investment trust, manages 1,129 properties across 46 states, totaling approximately 22.7 million square feet of gross leasable area.
Agree Realty Corporation (NYSE: ADC) has released its inaugural Environmental, Social, and Governance (ESG) report, highlighting recent initiatives aimed at enhancing transparency for investors. CEO Joey Agree emphasized the company's commitment to sustainability and corporate responsibility. The report, which includes valuable retail partner data, showcases significant strides in ESG initiatives. Interested parties can view and download the report from the company's website.