Agree Realty(ADC)

Search documents
Forget Gold, Buy Dividends - 3 Great Places To Buy Income
Seeking Alpha· 2025-04-27 11:30
Group 1 - The article discusses the impact of the gold rush on American character, highlighting a shift towards a get-rich-quick mentality that has persisted over time [1] - It mentions the importance of in-depth research on various investment vehicles such as REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs, emphasizing the value of a free trial for potential investors [1] Group 2 - The article includes a disclosure regarding the author's beneficial long position in specific shares, indicating a personal investment interest in AM and REXR [1] - It clarifies that past performance is not indicative of future results and that no specific investment advice is being provided [2]
Agree Realty Announces Exercise of Underwriters' Option and Closing of Forward Offering of Common Stock
Prnewswire· 2025-04-25 20:05
ROYAL OAK, Mich., April 25, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it has completed its public offering of 5,175,000 shares of its common stock, which includes the underwriters' full exercise of their option to purchase additional shares, pursuant to the forward sale agreement described below.BofA Securities acted as the sole book-running manager for the offering and Raymond James, Stifel, BTIG, Regions Securities LLC, and SMBC Nikko acted as co-manage ...
Agree Realty Announces Pricing of Forward Common Stock Offering
Prnewswire· 2025-04-24 01:50
Core Viewpoint - Agree Realty Corporation has announced a public offering of 4,500,000 shares of common stock at a price of $75.70 per share, with an option for the underwriter to purchase an additional 675,000 shares, expected to close around April 25, 2025 [1][2]. Group 1: Offering Details - The offering involves a forward sale agreement with Bank of America, allowing for the potential sale of up to 5,175,000 shares if the underwriter fully exercises its option [3]. - The Company will not receive immediate proceeds from the forward sale, but expects to use future net proceeds for general corporate purposes, including property acquisitions and debt repayment [4]. Group 2: Company Overview - Agree Realty Corporation is a publicly traded real estate investment trust focused on acquiring and developing properties leased to leading omni-channel retail tenants, owning a portfolio of 2,422 properties across all 50 states, totaling approximately 50.3 million square feet of gross leasable area as of March 31, 2025 [7].
Agree Realty Announces Common Stock Offering
Prnewswire· 2025-04-23 20:05
Core Viewpoint - Agree Realty Corporation has initiated an underwritten public offering of 4,500,000 shares of its common stock, with the potential for an additional 675,000 shares if the underwriter exercises its option [1][2]. Group 1: Offering Details - The company plans to enter into a forward sale agreement with Bank of America for the 4,500,000 shares, which could increase to 5,175,000 shares if the underwriter's option is fully exercised [2]. - The forward purchaser is expected to borrow and sell the shares to the underwriter, with the company intending to deliver the shares upon physical settlement of the forward sale agreement [2][3]. - The company will not receive any initial proceeds from the sale, but expects to use any future net proceeds for general corporate purposes, including property acquisitions and debt repayment [3]. Group 2: Company Overview - Agree Realty Corporation is a publicly traded real estate investment trust focused on acquiring and developing properties leased to leading omni-channel retail tenants [6]. - As of March 31, 2025, the company owned and operated a portfolio of 2,422 properties across all 50 states, totaling approximately 50.3 million square feet of gross leasable area [6].
Agree Realty(ADC) - 2025 Q1 - Earnings Call Transcript
2025-04-23 16:04
Agree Realty Corporation (NYSE:ADC) Q1 2025 Earnings Conference Call April 23, 2025 9:00 AM ET Company Participants Reuben Treatman - Senior Director of Corporate Finance Joey Agree - President and Chief Executive Officer Peter Coughenour - Chief Financial Officer Conference Call Participants Ki Bin Kim - Truist Securities Smedes Rose - Citigroup RJ Milligan - Raymond James & Associates, Inc. Michael Goldsmith - UBS Linda Tsai - Jefferies Group LLC John Kilichowski - Wells Fargo Securities, LLC Ronald Kamde ...
Agree Realty (ADC) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-04-22 23:05
Core Insights - Agree Realty (ADC) reported a revenue of $169.16 million for the quarter ended March 2025, reflecting a year-over-year increase of 13.2% [1] - The earnings per share (EPS) for the quarter was $1.06, significantly higher than $0.43 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $166.19 million, resulting in a positive surprise of 1.79% [1] - The company also delivered an EPS surprise of 0.95%, with the consensus EPS estimate being $1.05 [1] Revenue Breakdown - Rental income was reported at $169.11 million, surpassing the average estimate of $163.98 million by four analysts, marking a 13.2% increase year-over-year [4] - Operating cost reimbursement revenue was $18.09 million, exceeding the average estimate of $16.95 million by two analysts, representing a 9.8% increase compared to the previous year [4] - Other revenues amounted to $0.05 million, slightly above the average estimate of $0.04 million based on two analysts, showing a significant year-over-year change of 51.6% [4] Stock Performance - Shares of Agree Realty have returned +4% over the past month, contrasting with the Zacks S&P 500 composite's decline of -8.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]
Agree Realty (ADC) Tops Q1 FFO and Revenue Estimates
ZACKS· 2025-04-22 22:16
Agree Realty (ADC) came out with quarterly funds from operations (FFO) of $1.06 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to FFO of $1.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 0.95%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1.03 per share when it actually produced FFO of $1.04, delivering a surprise of 0.97%.Over the last four quarters ...
Agree Realty(ADC) - 2025 Q1 - Quarterly Results
2025-04-22 20:05
Exhibit 99.1 32301 Woodward Ave. Royal Oak, MI 48073 www.agreerealty.com FOR IMMEDIATE RELEASE Agree Realty Corporation Reports First Quarter 2025 Results Raises 2025 Investment Guidance to $1.3 Billion to $1.5 Billion Increases 2025 AFFO Per Share Guidance to $4.27 to $4.30 Royal Oak, MI, April 22, 2025 -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended March 31, 2025. All per share amounts included herein are on a diluted per common share basis unless oth ...
Agree Realty(ADC) - 2025 Q1 - Quarterly Report
2025-04-22 20:05
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, 2025, 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 | ...
Lisata Therapeutics talks ADC breakthrough with Catalent – ICYMI
Proactiveinvestors NA· 2025-04-19 14:56
Company Overview - Proactive is a publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs, including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Expertise and Focus Areas - The company specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive delivers news and insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]