Agree Rlty Corp Stock Price, News & Analysis

Agree Realty Corporation (NYSE: ADC) announced a monthly cash dividend of $0.234 per common share, amounting to an annualized dividend of $2.808, reflecting a 7.8% increase from last year. This dividend is payable on September 14, 2022, to stockholders of record by August 31, 2022. Additionally, a dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share will be paid on September 1, 2022, for record holders by August 22, 2022.

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.