Agree Realty (ADC) Q1 FFO and Revenues Surpass Estimates

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 ...