For the quarter ended March 2024, Agree Realty (ADC) reported revenue of $149.45 million, up 18% over the same period last year. EPS came in at $1.03, compared to $0.44 in the year-ago quarter.The reported revenue represents a surprise of +1.07% over the Zacks Consensus Estimate of $147.88 million. With the consensus EPS estimate being $1.01, the EPS surprise was +1.98%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...

Agree Realty (ADC) came out with quarterly funds from operations (FFO) of $1.03 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to FFO of $0.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.98%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1 per share when it actually produced FFO of $1, delivering no surprise.Over the last four quarters, the company ...

Exhibit 99.1 32301 Woodward Ave. Royal Oak, MI 48073 www.agreerealty.com FOR IMMEDIATE RELEASE Agree Realty Corporation Reports First Quarter 2024 Results Introduces 2024 AFFO Per Share Guidance of $4.10 to $4.13 Royal Oak, MI, April 23, 2024 -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended March 31, 2024. All per share amounts included herein are on a diluted per common share basis unless otherwise stated. First Quarter 2024 Financial and Operating Highl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Mark One ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024, or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-12928 AGREE REALTY CORPORATION (Exact name of registrant as specified in its charter) Maryland 38-3148187 (Stat ...

Dragon ClawsDear subscribers, The time has come for me to show you my top-tier REIT picks for this year. The companies that I invest in, and expect to outperform for the next few years, all the while paying me a solid level of dividends during the time of generating that outperformance. We've seen instability lately across the REIT space, and this instability has also and continues to include companies that I have been beating the drum for some time - almost a year. Many REITs are in a position where, w ...

Tom WernerIntroduction On June 30, 2023, we published a comparative article between Spirit Realty and Agree Realty Corporation (NYSE:ADC) and supported a “buy” recommendation for both equities. In this article, we are going to review the underpinnings of Agree’s business model in light of Q4 2023 earnings and justify a change in the recommendation to a “hold”. We start by quantifying Agree’s ability to generate economic profit under the current macroeconomic conditions. In particular, we look at the dif ...

imagedepotpro Introduction With the latest CPI report showing inflation remaining sticky, a June rate cut like many were predicting is likely out the window. But this creates a great opportunity for us income investors, as now is a perfect time to buy stocks at discount prices. At least in the REIT sector (XLRE). However, for those who invest in the BDC sector like myself, many of their share prices will likely trend higher from here over the next few months as a result of the report. In this article, I ...

Dividend investing has proved itself to be one of the best, most reliable strategies to amassing wealth. Because stocks beat out every other asset class over the long haul, and dividend-paying stocks outperform those that don’t make a payout, you will position yourself for generating riches by buying dividend growth stocks.However, you shouldn’t just buy any dividend growth stocks. That are lots of income stocks that will cut or suspend their payout at the slightest sign of turmoil. On the other end are com ...

One of the best ways to protect your portfolio, and generate consistent income is with higher-yielding real estate investment trusts (REITs). In fact, we're going to look at seven of the best REITs to buy in April below. Look at Realty Income (NYSE:O), for example. Known as The Monthly Dividend Company, Realty Income will pay you every month to hold its stock. Yielding 5.86%, the company just declared a new dividend of 25.7 cents, which is payable on April 15 to shareholders of record as of April 1. This is ...

zimmytws Do you need a March Madness update now that we're officially into April? The clock is ticking, the field is narrowing, and there's plenty to talk about in the NCAA basketball world… including off the court. If you read my last article on the subject - "My 'Sweet 16' REITs Revealed" - you already know March Madness "is an annual opportunity to learn humility." I say that because, every year, millions of people put down on paper who they think will win each and every match right up to the end. And ev ...