Agree Rlty Corp Stock Price, News & Analysis

Agree Realty Corporation (NYSE: ADC) announced it will release its first quarter operating results on May 3, 2022, after market close. A conference call to discuss these results is scheduled for May 4, 2022, at 8:30 AM ET. Interested shareholders can access the call via teleconference or webcast on the Company's website. As of December 31, 2021, the Company owned 1,404 properties across 47 states, totaling approximately 29.1 million square feet of gross leasable area.

Agree Realty Corporation (NYSE: ADC) has received an upgrade from Moody's Investors Service, with its issuer rating increased to Baa1 from Baa2 and a stable outlook noted. This upgrade reflects the Company's robust credit profile, characterized by a low-leverage balance sheet, flexible capital structure, and strong liquidity position. The CEO, Joey Agree, emphasized the disciplined growth since the initial rating in 2018, highlighting the strength of the Company's balance sheet and high-quality retail portfolio, which consists of 1,404 properties across 47 states.

Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.227 per common share, reflecting an annualized increase of 9.7% from last year, payable on April 14, 2022. This raises the annualized dividend to $2.724. Additionally, a dividend of $0.08854 per preferred share will be distributed on April 1, 2022. As of December 31, 2021, ADC owned 1,404 properties across the U.S., totaling 29.1 million square feet.

Agree Realty Corporation (NYSE: ADC) reported strong financial results for Q4 and the full year 2021. The company invested approximately $315 million in 74 retail net lease properties. Net Income per share rose 5.2% to $0.44. Core FFO per share increased 10.2% to $0.92. AFFO per share experienced a 9.2% rise to $0.91. The company also declared a monthly dividend of $0.227, marking a 9.8% year-over-year increase. Total acquisitions reached a record $1.43 billion for the year, with a strong balance sheet positioned for growth.

Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.227 per common share, marking a 9.7% increase from the prior annualized dividend of $2.484. Shareholders of record as of February 28, 2022 will receive this payment on March 14, 2022. Additionally, a dividend of $0.08854 per depositary share for the 4.25% Series A Preferred Stock will be paid on March 1, 2022 to stockholders of record on February 24, 2022.

Agree Realty Corporation (NYSE: ADC) announced the acquisition of a 50,000 square foot building in Royal Oak, Michigan, previously occupied by Art Van Furniture. The strategic location aims to serve as a new corporate headquarters, with construction expected to start in Q1 2022 and finish by Q2 2023. The facility will include state-of-the-art technology and wellness features to support increased workforce needs. With nearly $3 billion invested since the pandemic, the company approaches $7 billion in enterprise value, showcasing its growth trajectory.

Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.227 per common share, reflecting an annualized increase of 9.7% from the previous year. The new annualized dividend amount is $2.724 per share, payable on February 14, 2022, to stockholders of record by January 31, 2022. Additionally, a dividend of $0.08854 per depositary share for the 4.25% Series A Preferred Stock has also been declared, payable on February 1, 2022, to stockholders of record by January 24, 2022.

Agree Realty Corporation (NYSE: ADC) will release its fourth quarter and full year 2021 operating results on February 22, 2022, post-market. A conference call to discuss these results is scheduled for February 23, 2022, at 9:00 AM ET. Interested parties can access the call via teleconference or webcast. As of December 31, 2021, the company owned 1,404 properties across 47 states, with approximately 29.1 million square feet of gross leasable area. The company's focus is on acquiring and developing properties net leased to top omni-channel retail tenants.

Agree Realty Corporation (NYSE: ADC) reported record investment activity for 2021, totaling $1.43 billion across acquisitions and developments. The company acquired 290 retail properties valued at approximately $1.39 billion at a weighted average capitalization rate of 6.2%, with a significant portion coming from investment-grade tenants. For 2022, acquisition guidance ranges from $1.1 billion to $1.3 billion. The company also expanded its credit facility to $1 billion, with future potential increases.