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Agree Realty Corporation - ADC STOCK NEWS

Welcome to our dedicated page for Agree Realty Corporation news (Ticker: ADC), a resource for investors and traders seeking the latest updates and insights on Agree Realty Corporation stock.

Agree Realty Corporation (NYSE: ADC) is a fully-integrated, self-administered, and self-managed real estate investment trust (REIT) specializing in the ownership, acquisition, and development of net lease retail properties across the United States. With a disciplined investment strategy, robust access to capital, and strong industry relationships, the company consistently identifies lucrative opportunities offering superior risk-adjusted returns.

As of December 31, 2023, Agree Realty's portfolio includes 2,135 properties in 49 states, encompassing approximately 44.2 million square feet of gross leasable area. The portfolio boasts high occupancy rates and long-term leases, with a significant portion of rental revenue derived from investment-grade tenants such as Walmart, Walgreens, McDonald's, and JPMorgan Chase.

The company's strategic focus on net lease properties ensures stable and predictable cash flows, making it a reliable source of dividends for shareholders. Recent financial highlights include a 2.9% increase in the annualized dividend amount to $2.964 per common share and a robust financial position with over $1 billion in liquidity.

In 2023, the company invested approximately $1.34 billion in 319 retail net lease properties and commenced 13 development projects. Additionally, Agree Realty recently announced the pricing of $450 million in senior unsecured notes due 2034, further strengthening its balance sheet and liquidity position.

Agree Realty Corporation's long-term growth strategy is anchored in its commitment to acquiring and developing properties leased to leading retailers, utilizing cutting-edge real estate technology, and maintaining a strong financial foundation. For the latest updates and detailed information about the company's performance, visit the Investors section on their website.

News

Agree Realty Announces First Quarter 2024 Earnings Release Date and Conference Call Information

Rhea-AI Summary
Agree Realty (ADC) to release first quarter 2024 operating results on April 23, 2024, with a conference call scheduled for April 24, 2024. Interested parties can access the call via teleconference or webcast.
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News

Agree Realty Declares Increased Monthly Common Dividend

Rhea-AI Summary
Agree Realty (ADC) reports a 2.9% year-over-year growth with an annualized dividend of $3.00 per share. The Board of Directors authorizes a monthly cash dividend of $0.250 per common share, marking a 1.2% increase from the previous month. The Company also declares a monthly cash dividend for its Series A Cumulative Redeemable Preferred Stock.
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2.29%
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News

Agree Realty Declares Monthly Common and Preferred Dividends

Rhea-AI Summary
Agree Realty Corporation (ADC) announces a 2.9% increase in monthly cash dividend to $0.247 per common share, totaling $2.964 annually. The Company also declares a monthly dividend of $0.08854 per depositary share for its Series A Cumulative Redeemable Preferred Stock.
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-1.7%
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News

Agree Realty Corporation Reports Fourth Quarter and Full Year 2023 Results

Rhea-AI Summary
Agree Realty Corporation (ADC) reported fourth-quarter results, highlighting financial growth and operational achievements. The company showed steady financial performance with an increase in net income, Core FFO, and AFFO. Despite a decline in net income per share for the full year, Core FFO and AFFO per share increased. The company maintained a strong balance sheet and liquidity position, with over $1 billion in total liquidity. CEO Joey Agree expressed satisfaction with the company's performance in 2023 and emphasized a focus on sustainable growth in 2024.
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Rhea-AI Sentiment
End-of-Day
-1.94%
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News

Agree Realty Declares Monthly Common and Preferred Dividends

Rhea-AI Summary
Agree Realty Corporation (ADC) has announced a 2.9% increase in its monthly cash dividend to $0.247 per common share, reflecting an annualized dividend amount of $2.964 per common share. The Company has also declared a monthly cash dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share, equivalent to $1.0625 per annum. The dividends are payable in March 2024 to stockholders of record in February 2024.
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Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
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News

Agree Realty Declares Monthly Common and Preferred Dividends

Rhea-AI Summary
Agree Realty Corporation (ADC) announces a 2.9% increase in monthly cash dividend to $0.247 per common share, reflecting an annualized dividend amount of $2.964 per common share. The Company also declared a monthly cash dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share, equivalent to $1.0625 per annum.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
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News

Agree Realty Announces Fourth Quarter 2023 Earnings Release Date and Conference Call Information

Rhea-AI Summary
Agree Realty Corporation (NYSE: ADC) to release Q4 and full year 2023 operating results on February 13, 2024, with a conference call scheduled for February 14, 2024. Interested parties and shareholders can access the call via teleconference or webcast.
Rhea-AI Impact
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-0.25%
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News

Agree Realty Announces 2023 Investment Activity & Provides Capital Markets Update

Rhea-AI Summary
Agree Realty Corporation (NYSE: ADC) announced its 2023 investment activity, including total real estate investment of $1.34 billion, acquisition of 282 retail net lease properties, and a capital markets update with total liquidity of over $1.0 billion.
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0.7%
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News

Agree Realty Declares Monthly Common and Preferred Dividends

Rhea-AI Summary
Agree Realty Corporation (NYSE: ADC) announced a 2.9% increase in its monthly cash dividend to $0.247 per common share, reflecting an annualized dividend amount of $2.964 per common share. The Company also declared a monthly cash dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share, equivalent to $1.0625 per annum.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.26%
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News

Agree Realty Announces Appointment of Linglong He to Board of Directors

Rhea-AI Summary
Agree Realty Corporation (NYSE: ADC) announced the addition of Linglong He to its Board of Directors, effective January 1, 2024. Ms. He, currently the Chief Leadership Advisor at Rocket Central, brings extensive information technology experience from her tenure at Rocket Mortgage, one of the nation's largest mortgage lenders. The Board has confirmed her independence according to NYSE listing standards and the Company's Corporate Governance Guidelines.
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FAQ

What is the current stock price of Agree Realty Corporation (ADC)?

The current stock price of Agree Realty Corporation (ADC) is $70.17 as of December 20, 2024.

What is the market cap of Agree Realty Corporation (ADC)?

The market cap of Agree Realty Corporation (ADC) is approximately 7.5B.

What type of properties does Agree Realty Corporation specialize in?

Agree Realty Corporation specializes in the ownership, acquisition, and development of net lease retail properties across the United States.

Who are some of Agree Realty's major tenants?

Some of Agree Realty's major tenants include Walmart, Walgreens, McDonald's, JPMorgan Chase, and other industry-leading retailers.

What is the company's investment strategy?

Agree Realty Corporation follows a disciplined and focused investment strategy, leveraging its institutional access to capital and strong industry relationships to identify high-quality opportunities with superior risk-adjusted returns.

How many properties does Agree Realty own?

As of December 31, 2023, Agree Realty owns and operates a portfolio of 2,135 properties located in 49 states.

What is the company's financial position?

Agree Realty Corporation maintains a robust financial position with over $1 billion in liquidity, ensuring stable and predictable cash flows.

What recent financial highlights were announced?

Recent financial highlights include a 2.9% increase in the annualized dividend amount to $2.964 per common share and a successful pricing of $450 million in senior unsecured notes due 2034.

How does Agree Realty generate revenue?

Agree Realty generates revenue primarily through rental income from its net lease retail properties, with a significant portion derived from long-term leases with investment-grade tenants.

What are the company's latest projects?

In 2023, Agree Realty commenced 13 development projects and invested approximately $1.34 billion in 319 retail net lease properties.

How can I stay updated on Agree Realty's performance?

For the latest updates and detailed information about Agree Realty's performance, visit the Investors section on their website.

What is the stock symbol for Agree Realty Corporation?

Agree Realty Corporation's common stock is listed on the New York Stock Exchange under the symbol 'ADC'.

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Agree Realty Corporation

NYSE:ADC

ADC Rankings

#1012 Ranked by Market Cap
#708 Ranked by Dividends

ADC Stock Data

7.55B
101.69M
1.76%
111.33%
13.24%
REIT - Retail
Real Estate Investment Trusts
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United States of America
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