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.
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Agree Realty Corporation (NYSE: ADC) has declared a quarterly cash dividend of $0.620 per share, marking a 3.3% increase from the last quarter and a 6.0% rise compared to Q4 2019. The dividend will be paid on January 6, 2021, to shareholders recorded by December 23, 2020. Additionally, the company reported receiving 99% of its November rent payments, continuing a trend over the past three months.
Agree Realty Corporation (NYSE: ADC) reported strong October rent collection results. As of October 30, 2020, the Company collected rents from 99% of its portfolio, with deferral agreements in place for less than 1% of October rents. The Company focuses on acquiring and developing properties leased to top retail tenants, owning 1,027 properties across 45 states and approximately 21.0 million square feet of gross leasable area as of September 30, 2020.
Agree Realty Corporation (NYSE: ADC) announced that as of September 30, 2020, 66.1% of its annualized base rents were derived from investment-grade retailers, an increase from 62.2% prior to Tractor Supply Company's recent public issuer ratings of BBB and Baa1. Tractor Supply Company, which represents 3.9% of ADC's annualized base rents, highlights the company's strong retail tenant portfolio. This shift demonstrates Agree Realty's strategic focus on high-quality tenants and its confidence in retail sector recovery amidst economic challenges posed by the COVID-19 pandemic.
Agree Realty Corporation (NYSE: ADC) reported its Q3 2020 results, highlighting a record investment of $470.7 million in 97 retail net lease properties. Despite a 19.8% drop in net income per share to $0.39, net income rose 3.3% to $21.3 million. Core FFO per share increased 3.5% to $0.81, while AFFO per share rose 4.0% to $0.80. The quarterly dividend saw a 5.3% year-over-year increase to $0.60. The company maintained a high rent collection rate of over 97% during Q3, aiming for acquisitions between $1.25 billion and $1.35 billion for the year.
Agree Realty Corporation (NYSE: ADC) reported strong rent collection figures for September 2020, achieving 99% collection from its portfolio, with only 1% in deferral agreements. For the third quarter, the overall collection rate stood at 97%, with deferrals representing 2%. In previous months, 96% and 97% rent collections were recorded for July and August respectively. The Company, primarily focused on net-leased retail properties, owned 936 properties across 46 states as of June 30, 2020, covering approximately 18.4 million square feet.
Agree Realty Corporation (NYSE: ADC) announced the release of its third quarter 2020 operating results on October 19, 2020, after market close. A conference call is scheduled for October 20, 2020, at 9:00 AM ET for discussion of these results. Interested parties can join via teleconference or webcast. The company currently owns a portfolio of 936 properties across 46 states, totaling approximately 18.4 million square feet of gross leasable area as of June 30, 2020.
Agree Realty Corporation (NYSE: ADC) has declared a quarterly cash dividend of $0.60 per share, representing a 5.3% increase from the previous year. This marks the 106th consecutive dividend and will be paid on October 9, 2020, to shareholders of record by September 25, 2020. As of June 30, 2020, the company operated a portfolio of 936 properties across 46 states with approximately 18.4 million square feet of gross leasable space.
Agree Realty Corporation (NYSE: ADC) reported strong progress in August rent collections, with 96% of its portfolio receiving payments. For July, 95% of rent was collected, while second quarter collections stood at 91%. The company also entered into deferral agreements, representing 2% and 3% for August and July rents, respectively. Additionally, 3% of second quarter rents were deferred. As of June 30, 2020, ADC owned 936 properties across 46 states, totaling approximately 18.4 million square feet of gross leasable area.
Agree Realty Corporation (NYSE: ADC) announced a public offering of $350 million in 2.900% senior unsecured notes due 2030, priced at 99.927% of the principal amount. The offering is expected to close on August 17, 2020. Proceeds will fund acquisitions, development, and working capital, including reducing the revolving credit facility's balance. Year-to-date, the company has raised over $1.15 billion in capital, strengthening its financial position for future investments, as stated by CEO Joey Agree.