Key Developments: Agree Realty Corp (ADC)

ADC on New York Consolidated

35.33USD
29 Jan 2015
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Latest Key Developments (Source: Significant Developments)

Agree Realty Corp announces pricing of common stock offering
Thursday, 4 Dec 2014 09:14am EST 

Agree Realty Corp:Has priced an underwritten public offering of 2,250,000 newly issued shares of common stock for expected gross proceeds of about $66.8 mln before underwriting discount and offering expenses payable by company.In connection with offering, company has granted underwriters a 30-day option to purchase up to an additional 337,500 shares of common stock.Subject to customary conditions, offering is expected to close on Dec. 9, 2014.Intends to use net proceeds of offering to reduce amounts outstanding under its revolving credit facility, to fund property acquisitions and development activity, and for general corporate purposes.Says Raymond James and Citigroup are acting as joint book-running managers, Jefferies and RBC Capital Markets are acting as co-lead managers.Says SunTrust Robinson Humphrey and Ladenburg Thalmann are acting as co-managers for offering.  Full Article

Agree Realty announces common stock offering
Wednesday, 3 Dec 2014 04:01pm EST 

Agree Realty Corp:Commenced an underwritten public offering of 2,100,000 newly issued shares of common stock.In connection with the offering, the company will grant the underwriters a 30-day option to purchase up to an additional 315,000 shares of common stock.Company intends to use net proceeds of offering to reduce amounts outstanding under its revolving credit facility, to fund property acquisitions and development activity, and for general corporate purposes.Says Raymond James and Citigroup are acting as joint book-running managers for offering.  Full Article

Agree Realty announces increased quarterly cash dividend
Tuesday, 2 Dec 2014 04:01pm EST 

Agree Realty Corp:Declares fourth quarter 2014 common stock dividend in amount of $0.45 per share, an increase of 4.7 pct over previous quarterly dividend.Payable Jan. 6, 2015.To shareholders of record at the close of business on Dec. 23.  Full Article

Agree Realty Corp announces acquisition of 22 net lease properties
Monday, 24 Nov 2014 04:01pm EST 

Agree Realty Corp:Has acquired 22 retail net lease properties for an aggregate purchase price of about $19.5 mln.Properties, acquired in three separate transactions, include 14 property AutoZone portfolio, seven property Sonic restaurant portfolio and Dollar General Market.  Full Article

Agree Realty Corp announces $15.2 mln Burger King sale leaseback transaction
Tuesday, 4 Nov 2014 04:01pm EST 

Agree Realty Corp:Announced that it recently acquired a portfolio of Burger King restaurants in a $15.2 million sale leaseback transaction with Meridian Restaurants.Says the 11 properties are subject to a 20-year master lease that is absolute net and includes contractual rent increases of 1.25 pct per year.  Full Article

Agree Realty Corp declares third quarter 2014 cash dividend
Tuesday, 9 Sep 2014 04:01pm EDT 

Agree Realty Corp:Declares third quarter 2014 cash dividend of $0.43 per share.Third quarter dividend when annualized equals $1.72 per share.Payable Oct. 14, to shareholders of record at the close of business on Sept. 30.  Full Article

Agree Realty Corp announces Joint Venture Capital Solutions Project
Monday, 16 Jun 2014 04:00pm EDT 

Agree Realty Corp:Says that it recently closed on parcel of land located in Burlington, Washington through Joint Venture Capital Solutions (JVCS) program.Cash & Carry Smart Foodservice (Cash & Carry) has executed 15-year net lease to occupy th 20,000 square foot store upon completion.The total project cost is about $4.3 mln and rent is anticipated to commence in Q1 2015.The Company will construct and own a 100 pct interest in the project.  Full Article

Agree Realty announces recent acquisition activity
Wednesday, 11 Jun 2014 04:01pm EDT 

Agree Realty Corp:Announces that it has recently closed on two acquisitions with an aggregate purchase price of about $12.5 million, including an Academy Sports + Outdoors in McKinney, Texas and a Michaels store in Wausau, Wisconsin.  Full Article

Agree Realty Corp announces quarterly cash dividend
Tuesday, 3 Jun 2014 04:01pm EDT 

Agree Realty Corp:Declares second quarter 2014 cash dividend of $0.43 per share.Payable July 8 to shareholders of record at the close of business on June 30.  Full Article

Agree Realty Corp Announces Recent Development And Acquisition Activity
Thursday, 27 Mar 2014 04:01pm EDT 

Agree Realty Corp:Closed on the acquisition of a parcel of land located on US Highway 17 in East Palatka FL for the development of a McDonald's restaurant.Expected to be completed during the third quarter of 2014.  Full Article

REFILE-Northern European nations to boost military cooperation against Russia

OSLO, Nov 13 - Eight northern European nations agreed on Thursday to step up cooperation to counter an increase in Moscow's military activity that has included a tripling of NATO intercepts of Russian jets this year.

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