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 (ADC) announced its second-quarter 2020 results, showing a 36.1% increase in net income to $25.3 million and a 4.7% rise in net income per share to $0.47. Core Funds from Operations (Core FFO) rose 32.0% to $40.9 million, while Adjusted Funds from Operations (AFFO) increased 33.1% to $40.7 million. The Company declared a $0.60 dividend per share, marking a 5.3% year-over-year increase. It successfully raised $362.7 million through an equity offering and plans $900 million to $1.1 billion in acquisitions for 2020.
Agree Realty Corporation (NYSE: ADC) announced its second quarter 2020 operating results release will occur after market close on July 20, 2020. A conference call to discuss these results is scheduled for July 21, 2020, at 9:00 AM ET. Shareholders can participate via teleconference or webcast, with details available on the company's website. As of March 31, 2020, the company owned 868 properties across 46 states, totaling approximately 16.3 million square feet of gross leasable area.
On June 22, 2020, Agree Realty Corporation (NYSE: ADC) reported that it has collected June rent payments from 88% of its portfolio. Additionally, 5% of June rents have been deferred. For April and May, rent collections stood at 91% and 88%, respectively. The company owns 868 properties across 46 states, with a total leasable area of around 16.3 million square feet, primarily leased to retail tenants.