Agree Realty Corporation - ADC STOCK NEWS

Agree Realty Corporation (NYSE: ADC) will announce its first quarter operating results after the market closes on May 3, 2021. A conference call is scheduled for May 4, 2021 at 9:00 AM ET, where shareholders can participate through teleconference or webcast. Agree Realty, a real estate investment trust, manages 1,129 properties across 46 states, totaling approximately 22.7 million square feet of gross leasable area.

Agree Realty Corporation (NYSE: ADC) has released its inaugural Environmental, Social, and Governance (ESG) report, highlighting recent initiatives aimed at enhancing transparency for investors. CEO Joey Agree emphasized the company's commitment to sustainability and corporate responsibility. The report, which includes valuable retail partner data, showcases significant strides in ESG initiatives. Interested parties can view and download the report from the company's website.

Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.207 per common share, resulting in an annualized amount of $2.484. This marks a 6.2% increase from the previous year’s annualized dividend of $2.340. The dividend is scheduled for payment on April 14, 2021 to stockholders of record as of March 31, 2021. The company continues its focus on net lease properties, owning 1,129 properties across 46 states with a total gross leasable area of approximately 22.7 million square feet.

Agree Realty Corporation (NYSE: ADC) reported that as of March 1, 2021, it has successfully collected February rent payments from over 99% of its portfolio. This achievement marks the sixth consecutive month of achieving at least 99% of contractual monthly rentals. As of December 31, 2020, the Company owned and operated 1,129 properties across 46 states, with a gross leasable area of approximately 22.7 million square feet. This strong rent collection performance highlights the stability of the Company's operations in the current market.

Agree Realty Corporation (NYSE: ADC) has appointed Simon Leopold as Chief Financial Officer, effective immediately, succeeding Clay Thelen, who has resigned. Leopold brings a wealth of experience from his previous role at Taubman Centers and in real estate investment banking. Additionally, Craig Erlich has been promoted to Chief Operating Officer, expanding his responsibilities to include asset management and marketing. The company owns 1,129 properties across 46 states, totaling approximately 22.7 million square feet of gross leasable area.

Agree Realty Corporation (NYSE: ADC) announced the immediate reappointment of Ambassador John Rakolta Jr. to its Board of Directors. Rakolta previously served on the board from 2011 until 2019, when he became the U.S. Ambassador to the UAE. With extensive experience as Chairman of Walbridge, a leading construction firm, his return is anticipated to enhance the company's strategic direction. The Board confirmed that Rakolta is independent according to NYSE standards, which is beneficial for corporate governance as the company pursues growth.

Agree Realty Corporation (NYSE: ADC) reported Q4 and full-year 2020 results. The company invested $363.3 million in 106 retail properties, achieving a 6.0% annual increase in dividends to $0.620 per share. However, net income per share dropped 19.6% to $0.42 for Q4 and 10.1% to $1.74 for the year. Key metrics show Core FFO up 35.1% YoY to $47.3 million, while AFFO rose 36.4% to $47.1 million. The portfolio's lease rate stands at 99.5% with a diverse tenant base, leading to a strong balance sheet with a BBB rating. In 2021, ADC plans acquisitions between $800 million and $1 billion.

Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.207 per common share, reflecting an annualized amount of $2.484, which marks a 6.2% increase from the previous year. This dividend is payable on March 12, 2021 to stockholders on record as of February 26, 2021. As of December 31, 2020, the Company owned and operated a portfolio of 1,129 properties across 46 states, totaling approximately 22.7 million square feet of gross leasable area.

Agree Realty Corporation (NYSE: ADC) has declared its inaugural monthly cash dividend of $0.207 per common share, reflecting an annualized amount of $2.484. This represents a 6.2% increase over the previous annualized dividend of $2.340. The dividend is payable on February 12, 2021, to shareholders of record by January 29, 2021. The company, which owns 1,129 properties across 46 states, focuses on acquiring and developing net-leased retail properties.