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Agree Realty Corp (ADC)

ADC on New York Consolidated

49.44USD
30 Sep 2016
Change (% chg)

$-0.23 (-0.46%)
Prev Close
$49.67
Open
$49.75
Day's High
$49.96
Day's Low
$49.05
Volume
447,089
Avg. Vol
177,199
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$51.33
52-wk Low
$29.19

Latest Key Developments (Source: Significant Developments)

Agree Realty Corp posts Q2 adj. FFO $0.61/shr
Monday, 25 Jul 2016 04:01pm EDT 

Agree Realty Corp : Agree Realty Corporation reports second quarter 2016 results . Q2 adjusted FFO per share $0.61 . FFO per share for three months ended June 30, 2016 $0.61 .Outlook for acquisition volume in 2016 remains between $250 and $275 million of high-quality retail net lease properties.  Full Article

Agree Realty says announces $79.5 mln portfolio acquisition
Wednesday, 1 Jun 2016 08:40am EDT 

Agree Realty Corp : Agree Realty announces $79.5 million portfolio acquisition .Closed on acquisition of a diversified portfolio of 11 high-quality retail net lease properties.  Full Article

Agree Realty ups 2016 acquisition guidance to $250 mln-$275 mln
Wednesday, 11 May 2016 10:22am EDT 

Agree Realty Corp : Company's outlook for acquisition volume in 2016 increased from a previous range of $175 million to $200 million .Agree realty corporation announces increased 2016 acquisition guidance to a range of $250 million to $275 million.  Full Article

Agree Realty Corp announces upsizing and pricing of common stock offering
Thursday, 5 May 2016 08:00am EDT 

Agree Realty Corp:Has upsized and priced an underwritten public offering of 2,500,000 shares of its common stock for expected gross proceeds of approximately $99.4 million.Intends to use 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.  Full Article

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

BRIEF-Agree Realty appoints Merrie Frankel to board of directors

* appoints Merrie Frankel to board of directors Source text for Eikon: Further company coverage: