Key Developments: Agree Realty Corp (ADC)

ADC on New York Consolidated

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30 Jun 2015
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Latest Key Developments (Source: Significant Developments)

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

Agree Realty Corp announces $35.4 million of acquisitions and sale of a non-core shopping center
Thursday, 30 Apr 2015 04:01pm EDT 

Agree Realty Corp:Closes acquisition of six retail properties for an aggregate purchase price of about$35.4 million.In addition, completes sale of Marshall Plaza, a Kmart-anchored shopping center in Marshall, Michigan, for gross proceeds of about $5.5 million.  Full Article

Agree Realty Corp closes acquisition of 10 properties for $17.5 mln
Tuesday, 31 Mar 2015 04:01pm EDT 

Agree Realty Corp:Closes acquisition of 10 retail properties for an aggregate purchase price of about $17.5 mln.Properties are net leased to 5 different tenants operating in 3 diverse retail sectors and located in 7 states.  Full Article

Agree Realty announces the acquisition of 15 properties for $42.1 million
Monday, 9 Mar 2015 04:01pm EDT 

Agree Realty Corp:Says that it recently closed on the acquisition of 15 retail properties for an aggregate purchase price of about $42.1 million.The properties are net leased to 12 different tenants operating in 9 diverse retail sectors and located in 10 states.The transactions were completed at a weighted-average cap rate of 8.08% and have a weighted-average lease term of about 11.0 years.The recently closed transactions include the Company's first Bed Bath & Beyond, Old Navy and Dress Barn stores, as well as the first Wendy's restaurants in the portfolio.Also acquired were properties net leased to Sherwin Williams, Family Dollar, Academy Sports + Outdoors and Jo-Ann Fabric and Crafts.  Full Article

Agree Realty announces quarterly cash dividend
Thursday, 5 Mar 2015 04:01pm EST 

Agree Realty Corp:Declared a first quarter 2015 common stock dividend in the amount of $0.45 per share.The dividend is payable April 14, to shareholders of record at the close of business on March 31.  Full Article

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

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