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Key Developments: Agree Realty Corp (ADC)

ADC on New York Consolidated

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29 Apr 2016
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Latest Key Developments (Source: Significant Developments)

Agree Realty Corp announces pricing of common stock offering
Tuesday, 8 Dec 2015 09:00am EST 

Agree Realty Corp:Announces pricing of common stock offering.Priced an underwritten public offering of 1.5 million shares for expected gross proceeds of approximately $48.2 million.  Full Article

Agree Realty announces common stock offering
Monday, 7 Dec 2015 04:01pm EST 

Agree Realty:Commenced an underwritten public offering of 1,500,000 shares of its common stock.In connection with the offering, the Company expects to grant the underwriters a 30-day option to purchase up to an additional 225,000 shares of common stock.Company intends to use the net proceeds of the offering to reduce amounts outstanding under its revolving credit facility, to fund property acquisitions and development activity, for working capital and for general corporate purposes.Raymond James, Citigroup and Jefferies are acting as joint book-running managers for the offering.  Full Article

Agree Realty Corp announces appointment of new CFO
Monday, 23 Nov 2015 04:01pm EST 

Agree Realty Corp:Announces appointment of matthew m. partridge as chief financial officer.Says partridge currently serves as vice president of Finance at pebblebrook hotel trust.  Full Article

Agree Realty Corp announces joint venture capital solutions partnership
Monday, 9 Nov 2015 08:30am EST 

Agree Realty Corp:Announces joint venture capital solutions partnership.Entered agreement to develop up to 10 burger king restaurants operated by Meridian in the Regions in which they currently operate.  Full Article

Agree Realty Corp declares third quarter 2015 common stock dividend
Tuesday, 15 Sep 2015 04:01pm EDT 

Agree Realty Corp:Declares third quarter 2015 common stock dividend in the amount of $0.465 per share.Payable Oct. 13 to shareholders of record at the close of business on Sept. 30.  Full Article

Agree Realty Corp announces sale of shopping center For $5,800,000
Wednesday, 2 Sep 2015 04:01pm EDT 

Agree Realty Corp:Says it has sold Ferris Commons, a 173,557 square foot shopping center located in Big Rapids, Michigan for $5,800,000.Says center is anchored by MC Sports and Peebles and was developed by the Company in 1990.Upon the sale of Ferris Commons, the Company's annualized base rental income attributed to its four remaining shopping centers has been reduced from 6.3% to 4.7%.Portfolio occupancy has improved to 99.5%.Company has increased its 2015 disposition guidance to a range of $40 million to $50 million. Anticipated dispositions include both non-core shopping centers as well as select net lease assets.  Full Article

Agree Realty Corporation announces CFO transition
Friday, 10 Jul 2015 09:00am EDT 

Agree Realty Corporation:Announces resignation of chief financial officer Brian Dickman, appointment of Kenneth Howe as interim chief financial officer and search for permanent successor.Says Kenneth Howe appointed interim CFO.Says company has commenced a search for Dickman's permanent replacement.  Full Article

Agree Realty Corp announces the acquisition of 11 properties
Tuesday, 16 Jun 2015 04:01pm EDT 

Agree Realty Corp:Closes acquisition of 11 retail properties for an aggregate purchase price of about $26.5 mln.Transactions were completed at a weighted-average cap rate of 8.5% and have a weighted-average remaining lease term of 10.4 years.  Full Article

Agree Realty Corp completes $100 mln private placement of senior unsecured notes
Thursday, 28 May 2015 04:01pm EDT 

Agree Realty Corp:Completes private placement of $100 mln principal amount of senior unsecured notes.Notes were sold in two series, including $50 mln of 4.16 pct notes due May 30, 2025 and $50 mln of 4.26 pct notes due May 30, 2027.  Full Article

Agree Realty Corp declares Q2 common stock dividend
Monday, 4 May 2015 04:01pm EDT 

Agree Realty Corp:Declares Q2 common stock dividend in amount of $0.465 per share.Payable July 14, to shareholders of record at close of business on June 30.  Full Article

BRIEF-Agree Realty Corp Q1 adjusted FFO per share $0.61

* Agree realty corporation reports first quarter 2016 results

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