Agree Realty (ADC) Surpasses Q4 FFO and Revenue Estimates

Group 1 - Agree Realty (ADC) reported quarterly funds from operations (FFO) of $1.04 per share, exceeding the Zacks Consensus Estimate of $1.03 per share, and up from $1 per share a year ago, representing an FFO surprise of 0.97% [1] - The company achieved revenues of $160.73 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.75%, compared to $144.17 million in the same quarter last year [2] - Agree Realty has outperformed the S&P 500, with shares increasing about 3.4% since the beginning of the year, compared to the S&P 500's gain of 3.1% [3] Group 2 - The current consensus FFO estimate for the upcoming quarter is $1.05 on revenues of $165.02 million, and for the current fiscal year, it is $4.30 on revenues of $684.15 million [7] - The REIT and Equity Trust - Retail industry, to which Agree Realty belongs, is currently ranked in the top 29% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]