Agree Realty Collects 99% of October Rent
Agree Realty Corporation (NYSE: ADC) reported strong October rent collection results. As of October 30, 2020, the Company collected rents from 99% of its portfolio, with deferral agreements in place for less than 1% of October rents. The Company focuses on acquiring and developing properties leased to top retail tenants, owning 1,027 properties across 45 states and approximately 21.0 million square feet of gross leasable area as of September 30, 2020.
- 99% October rent collection rate.
- Deferral agreements affecting less than 1% of rents.
- Strong portfolio with 1,027 properties across 45 states.
- None.
BLOOMFIELD HILLS, Mich., Nov. 2, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced its progress on October rent collections.
As of October 30, 2020, the Company has received October rent payments from
About Agree Realty Corporation
Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC". For additional information, please visit www.agreerealty.com.
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SOURCE Agree Realty Corporation
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