Agree Realty (ADC) Tops Q3 EPS by 28c

Agree Realty (NYSE: ADC) reported Q3 EPS of $0.69, $0.28 better than the analyst estimate of $0.41. Revenue for the quarter came in at $27.3 million, versus $22.3 million reported last year.

Guidance:

"The Company's outlook for acquisition volume in 2017 is being increased to a range of $300 million to $325 million of high-quality retail net lease properties. The Company's acquisition guidance, which assumes continued growth in economic activity, moderate interest rate growth, positive business trends and other significant assumptions, is being increased from a previous range of $250 million to $275 million. The Company's disposition guidance for 2017 remains between $30 million and $50 million."

For earnings history and earnings-related data on Agree Realty (ADC) click here.

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