Agree Realty (ADC) Tops Q1 FFO and Revenue Estimates

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 ...